Two years ago, mortgage lending entrepreneur Anthony Hsieh set the record for most expensive residential purchase in Las Vegas. He’s hoping to be on the other side of a record regarding the same property.
The loanDepot founder listed his home at 685 Dragon Peak Drive in Henderson for $34 million, the Wall Street Journal reported. If the 15,000-square-foot home trades for that price, it would amount to approximately $2,267 per square foot. It would also be the most expensive sale in the market’s history.
Hsieh knows what that’s like from a buyer’s perspective. In June 2021, he bought the house from developer Blue Heron for $25 million, which was and remains the market’s record. Construction on the house was completed in April 2021.
The three-story home features a butterfly roof, two swimming pools, a glass bridge and a glass wine cellar. There’s a separate office casita, 5,000 square feet of deck space and 300 solar panels and even Tesla-charging stations spread over 1.25 acres.
The three-bedroom home is in a gated community. Following Hsieh’s acquisition, he also asked the developer to increase square footage and add office space, lounge areas, garages and a butler’s kitchen.
Douglas Elliman’s Kristen Routh-Silberman has the listing. Hsieh is leasing the property back to the developer to serve as a showcase while working with Blue Heron to build a larger home and is allowed to come and go as he pleases as part of the deal; the lease is set to expire at the end of next year, though that’s negotiable.
Hsieh stepped down from his role as executive chairman of loanDepot early this year after clashing with the company’s board, which led to a proxy fight for the direct-to-consumer lender. Hsieh remained chair of the board of directors following his exit.
Hsieh previously paid $30 million for a waterfront Star Island mansion in Miami Beach and $19.5 million for a unit at One Thousand Museum in Miami.
— Holden Walter-Warner