The original owner of this 7-bedroom, 8-bathroom, 10,050-square-foot home had already spent about $8 million building it when his son sent him a photo of a lazy river at the Hawaii hotel where he was staying. Enchanted and determined to build one himself, the owner took out an additional $2-million loan - which he then defaulted on.
That is how the current owner, who lives in Hong Kong, was able to purchase the foreclosed property as an investment for just $2.7 million. After completing construction on the lazy river, he's now selling the Boulder City, NV property for $8 million.
Listing agent Leo Mendoza of Keller Williams Realty predicts that the next owner will be a celebrity (he's already shown the home to several familiar names). Word on the street is that Justin Timberlake was interested when the home initially went on the market.
"It's a very unique property," says Mendoza. "I get calls all the time to record reality shows, but [the association] doesn't allow short-term rentals." The house will, however, be featured on an HGTV program called Amazing Water Homes.
Obviously, the lazy river - which holds 75,000 gallons of water and requires 25 pumps to run - is the star attraction, but there's plenty to make this property noteworthy. The swimming pool holds 45,000 gallons of water and features a 20-foot diving pool. There's a tennis court, two putting greens, a wine cellar, and a 10-car garage. It has pretty much every in-home amenity you can think of.
Mendoza says the Boulder City location is ideal. There is an area nearby, he says, where "bighorns come down to eat grass, and you can get so close to them, you can feed them." The city, which was originally constructed for the people who built the nearby Hoover Dam, is just 26 miles southeast of Las Vegas.
"This is probably the most expensive home in Boulder City," says Mendoza. "I've seen a lot of properties in Boulder City, and there's nothing like this house."
Photos by John Martorano Photography.
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