The most expensive home in Las Vegas asks $38M

This is the priciest home on the Las Vegas market since Wayne Newton's ranch asked $70M and failed to sell
By Business Insider | June 21, 2014 02:00PM

 Phil Maloof, a member of a prominent Las Vegas hotel family, is selling his massive penthouse in Las Vegas for $38 million, making it the most expensive home on the market in the city, according to Curbed.

The Maloofs have had a large presence in the business world, as they previously owned the Sacramento Kings and also helped to create the Palms Casino Resort in Las Vegas.

The penthouse is located at Palms Place and spans 27,000 square feet of indoor and outdoor space — large enough to fit 500 people. The fully furnished home’s high price tag gets you quite a few special features, including an outdoor theater, a DJ booth, and a full gym.

Maloof is also throwing in one Dali and one Picasso painting for the lucky buyer.

This is the most expensive home for sale in Las Vegas since Wayne Newton’s ranch hit the market for $70 million and failed to sell, even after being reduced to $48 million.

The penthouse has a combined 27,000 square feet of indoor and outdoor living space.

You can see miles of flat land from the rooftop.

The rooftop area features an outdoor theater and plenty of seating.

The living room has floor-to-ceiling windows and perfect party lighting.