Gavin Maloof, former co-owner of the Sacramento Kings and offspring of the empire-building Maloof family, has relisted his ultraluxe Las Vegas estate for $12.5 million. The property has had an on-again, off-again relationship with the real estate market, but his agents hope he can hit the jackpot this time.
Maloof began building the 13,489-square-foot mansion from the ground up in 2004, according to co-listing agent Deven Chase. Then, a few years after it was completed, the sports-and-real estate mogul decided to add on to his original structure. Like a boss.
Maloof spent about $3 million on these additions around 2011 -- including a theater for $1 million, according to co-listing agent Lisa Sutton.
He also added a full home gym, a Crestron home automation system, and custom-made furniture -- the mansion comes fully furnished.
Every piece of furniture was selected to fit the look and feel of the property. For Maloof, that means lots of beige and reds, as he told FrontDoor.com last year. He also mentioned his love of leather furniture and his desire to be able to watch television in every room, so it's a great spot for a high-rolling couch potato.
The home has a palm tree -- lined runway of water that runs through the middle of the U-shaped house, leading to a full-size pool out back.
The six-bedroom home also includes a walk-in wine refrigerator, a spa-and-fireplace combo, a game room, several wet bars, an elevator, water features, and a 10-car garage.
Stone columns and tons of granite, marble, and limestone are visible throughout the home's interior.
If this house looks (or sounds) like something straight out of a rap video, that's because it is. Lil Wayne shot his "Lollipop" video here.
As for the home's baller location, it faces the bright lights of the Las Vegas Strip and sits right on the 11th hole of the private Southern Highlands Golf Club. It comes with a putting green so you can practice your short game in private.
The mansion has bounced on and off the market over the past few years, but this time it might stay listed until a buyer is found. "After constructing it from the ground up and enjoying it for several years, he is ready to transition in to a different property," says Sutton.
And even though the property is much more expensive than neighboring homes -- up to $10 million more -- Sutton doesn't think it will be hard to find a buyer.
"Eagles Landing is a star-studded street, and the hi-res photos do not do the property justice," she says.
The agents say the house would take about $13 million to reconstruct from scratch, so its price tag might seem alluring to the right buyer. Chase believes the home "is priced accordingly for today's market -- all factors considered."
The Maloof family began building its empire in 1937 with distribution rights for Coors Beer. Over the decades the family diversified into other ventures, most notably its ownership stake in the Sacramento Kings, which it sold for $345 million in 2013.
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