Less than a year ago, in late 2020, LoanDepot founder and CEO Anthony Hsieh shattered the Orange County sales record when he bought a Newport Coast mansion for a cool $61 million, making it the most expensive residential sale ever in the area. Now Hsieh has done it again, this time in Las Vegas, where he’s doled out a record-breaking $25 million for a 15,000-square-foot estate in the hillside community of Henderson, on the edge of the Mojave Desert. The deal was first reported by the Wall Street Journal.
Sometimes known as “the architect of modern lending,” the high-profile Taiwanese-American business magnate founded LoanDepot in 2010. Based in Orange County, the firm bills itself as the nation’s second-largest nonbank retail-focused lender and third largest retail-focused lender, having funded more than $350 billion in loans since its inception. LoanDepot became a publicly traded company on the New York Stock Exchange in February 2021.
The $25 million transaction marks the highest-priced home sale ever for the Las Vegas real estate market, busting the previous sales record of $17.6 million — set in in 2016, when illusionist David Copperfield bought a Summerlin mansion — by more than $7 million. In an unusual move, Hsieh has agreed to lease the property back to the developer for the next 2.5 years, for which time it will be used as an “experience center” for other prospective future buyers.
Hsieh’s new three-level spread was built and furnished by an in-house team of architects and designers at the local development firm Blue Heron. Completed in April 2020, the contemporary, eco-friendly structure features four bedrooms — including three en-suite bedrooms and a private master retreat — and a total of nine bathrooms in 15,000 square feet of living space punctuated by concrete and hardwood floors, custom-designed stucco-finished and metaquartzite stone walls, and seamless indoor-outdoor environs. A so-called “Sky Suite,” which serves as a secondary master bedroom, is reachable via a glass bridge with 180-degree views of Las Vegas through its towering glass wall.
Among the home’s numerous amenities: an upper-level sky bar and lounge; a digital den outfitted with a 13.5-foot LED screen; temperature-controlled, glass-encased wine cellar; billiard room; craft room with pet bath and feeding area; and trio of interconnected pools. There’s also a customizable garage that can accommodate up to 11 vehicles, complete with mancave-style flatscreen TVs and Tesla charging stations.
Kristen Routh-Silberman of Synergy Sotheby’s International Realty repped both sides of the deal.