After more than three years on the market, Jim Murren’s opulent mansion tucked away in the exclusive enclave of The Ridges in Summerlin finally changed hands. Commanding views of the Las Vegas Strip and nestled against the backdrop of the Spring Mountains, the ritzy residence fetched nearly $16 million.
The house bears the creative signature of its original architectural and interior designers, who tastefully transformed the 13,000-square-foot dwelling into a desert sanctuary dubbed “Skyspace”. Procured by Murren and his wife Heather in 2014 for $11.85 million, the mansion rests on one and half acres of expansive land edging the picturesque Red Rock Canyon.
Skyspace flaunts a grand assemblage of luxurious features: four bedrooms, six bathrooms, a freestanding guest casita, and sophisticated amenities such as a floating dining room, an embracing Zen garden, an underground wine cellar, a cutting-edge theater room, and a resort-style pool. Framing an idyllic landscape of the surrounding area are the floor-to-ceiling windows that grace the exquisite dwelling.
Despite the feverish real estate market trend during the pandemic, the property initially failed to draw a willing buyer when it was first up for grabs. The property was delisted in November 2020, only to return the following June with a sky-high price tag of $17.75 million. The Murrens eventually found a buyer after conceding a small discount.
On last day of September, the escalating deal concluded with a noteworthy sale. The mansion was acquired under an LLC known as “Outrageous Vegas.”
Murren’s illustrious career in the world of finance was painted with several noteworthy roles. Joining MGM Resorts International in 1998 as its CFO, he later ascended to COO and finally wore the chairman and CEO caps in 2008. His tenure saw him navigate the company through the Great Recession, even undertaking an exhaustive restructuring. Among his major feats was a partnership with Dubai World to build the $8.5-billion-dollar CityCenter complex.
Murren’s swansong was as chairman and CEO in February 2020, rounding off a journey with MGM which saw him accumulate significant wealth. His departure was punctuated with a recognition of being named one of the most overpaid executives in the US, having earned a staggering $13 million in 2019, which was 355 times the average MGM employee wage.
Although he is already a multi-millionaire, Murren, 62, is far from hanging his boots. He heads the Ritz-Carlton Yacht Collection and chairs the newly-formed regulatory body of the United Arab Emirates’ gaming sector. Murren also serves as a co-chair for the restructured Cirque du Soleil Entertainment Group.
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