The Las Vegas real estate market suffered one of the worst results when the housing bubble burst. Casino unemployment and overbuilding made sure of that. But, the excess of the market has returned, marked recently as a $9.5 million mansion hit the market.
The huge home at 2710 Palomino Ln, Las Vegas, NV was rented by Michael Jackson at one point. It has 7 bedrooms, 10 full bathes, and two half ones. Its footprint is a spectacular 12,000 square feet.
Behind the oversized gated entrance of a walled 1.7-acre compound was where the King of Pop quietly lived from 2007 until his unexpected demise at his Los Angeles home on June 25, 2009. The estate’s uniqueness goes beyond its famous tenant. The design and amenities of the 24,276-square-foot custom estate and 2983-square foot guest house at 2710 Palomino Lane are attributed to its prior owner, theater developer Horst Schmidt. Now ornate interior elements reflect a massive redesign by Thriller Villa’s current owner. Approach through an oversized iron gate. The cobblestone-paved circular driveway encloses a spectacular water fountain. A magnificent bell tower instantly captures guest’s attention. The main entrance into the Spanish Mediterranean-style estate opens to reveal the beautiful sunlit foyer with custom wood ceiling design and a hand painted fireplace. Views of the inner courtyard can be seen through large arched windows and another magnificent iron door. The heart of the home is the spectacular salon, said to be Michael’s favorite room, featuring a massive stone fireplace, wood floors, exposed wood beams, a Murano glass chandelier, rich, warm tones and plenty of cozy seating areas to comfortably host large galas and formal events. The salon, foyer and a bar area offer access to the courtyard, which features plenty of outdoor entertaining space, a fountain and a statue. A small stable and paddock are situated along the back property line. Perhaps the most impressive feature is the estate’s two-story 74-seat Medieval Chapel. The ceiling has a hand painted sky scene complete with a glorious Crown of Thorns Chandelier and traditional red drapes that add the perfect touch to this extraordinary room. Access the second story balcony via a glorious spiral staircase, reminiscent of an old-fashioned theater. The acoustics and sound quality of the room is said to be “pitch perfect.” The entire top level is home to the master retreat, complete with a full wet bar and lounge nestled around a fireplace. The main master room has the original mirrors that Jackson once used to rehearse his infamous choreography. The stone bathroom features a huge shower and three sinks with a vanity. An 8500 square foot basement that served as a private art gallery and guided Michael Jackson to his vehicle secretly in order to avoid Paparazzi plus a private guest suite with full kitchen.
With a down payment of 20% ($1.9 million), the monthly mortgage is only $45,339