Liberace Luxury?

Liberace’s once gold laced, not-so-humble abode is now being sold for what seems a bargain price, considering it is rumored that the previous owner paid $3.7 million for the property during the housing boom. Now bank owned, offers on the once lavish home must be cash only and according to the LA Times, owner JPMorgan Chase would prefer a quiet pre-sale.

The iconic entertainer purchased the lavish 14,939-square-foot Las Vegas property in 1974. The home features only two bedrooms and a staggering 10 bathrooms, plus several large entertaining areas.  A $1.6 million reproduction of Michelangelo’s Sistine Chapel was added by Liberace, who was once one of the world’s highest-paid entertainers with a career that spanned four decades. The former star was considered the epitome of extravagance, and his former home followed suit.

The property, which has had two owners since Liberace’s death in 1987, may not measure-up to its former glory, as reflected by its current $529,900 listing price.  The home may spark some interest in buyers who are looking for a project or who appreciate its history. To see the home represented as it once was, check out the HBO film, “Behind the Candelabra,” which was aired this past month. Sellers are most likely hoping the movie will spark new attention and interest for the home.

Re-Blogged from: http://blog.luxuryhomemarketing.com/2013/06/liberace-luxury.html#