{"id":141589,"date":"2020-07-13T14:32:30","date_gmt":"2020-07-13T21:32:30","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=141589"},"modified":"2020-07-14T09:35:57","modified_gmt":"2020-07-14T16:35:57","slug":"former-mgm-resorts-ceo-jim-murren-selling-las-vegas-mansion","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/former-mgm-resorts-ceo-jim-murren-selling-las-vegas-mansion\/","title":{"rendered":"Former MGM Resorts CEO Jim Murren Selling Las Vegas Mansion for $10.5M"},"content":{"rendered":"

Former MGM Resorts CEO Jim Murren has listed his Summerlin mansion for $10.5 million. He’s the latest chief executive of a casino giant to put his Southern Nevada home on the market.<\/p>\n

\"MGM
The home where former MGM Resorts boss Jim Murren lived can be yours for $10.5 million. (Image: The Ivan Sher Group)<\/figcaption><\/figure>\n

Known as “Skyspace,” the 1.5-acre Murren estate is located at 7 Painted Feather Way in The Ridges gated community. Adjacent to Red Rock Canyon, the mansion boasts four suites in the main house, plus an accompanying one-bedroom detached guest casita.<\/p>\n

\n

A desert sanctuary and architectural masterpiece,”<\/strong> or so says listing broker Ivan Sher. The complex offers 12,991 square feet of indoor-outdoor living space, detached floating dining room, Zen garden, wine cellar, movie theater, bamboo and pine trees, resort-style pool, and floor-to-ceiling windows that provide an unobstructed view of the Las Vegas Strip.<\/p>\n<\/blockquote>\n

Built in 2009, Murren and his wife, Heather, purchased the property in 2014 for $11,850,000.<\/p>\n

Gaming CEOs Sell<\/b><\/h2>\n

Murren’s mansion is yet another possibility for the ultra-rich looking to buy in Southern Nevada. And when it comes to selling high-profile estates, Sher is the go-to man.<\/p>\n

\n

Last month, Sher listed billionaire Steve Wynn’s Summerlin mansion<\/a> for $25 million. Located on “Billionaire’s Row” in the exclusive TPC Summerlin private golf community, the property — known as Museo — is also situated on 1.5 acres and has six beds and 10 baths.<\/p>\n<\/div>\n

Wynn exited the gaming industry in February of 2018 after numerous allegations of sexual misconduct by the Las Vegas tycoon came to light. Though he denies any wrongdoing, the 78-year-old has severed all ties to Nevada and is now spending his days in southern Florida.<\/p>\n

Murren stepped down from MGM Resorts in March to head Nevada Gov. Steve Sisolak’s (D) COVID-19 Response, Relief & Recovery Task Force. The 58-year-old Murren had planned to depart the casino company, which is Nevada’s largest employer but expedited his leave in wake of the COVID-19 pandemic.<\/p>\n

Murren Money<\/b><\/h2>\n

Murren’s “Skyspace” has a laundry list of amenities and “wow” factors. It also has a hefty annual tax tag.<\/p>\n

According to Clark County property records, 7 Painted Feather Way comes with a yearly tax bill of nearly $48,000, or about $12,000 more than the average yearly salary of an MGM Resorts employee.<\/p>\n

As You Sow, a nonprofit that promotes shareholder advocacy in publicly traded companies, recently included Murren on its<\/a> “100 Most Overpaid CEOs” list. The organization said Murren is compensated approximately 355 times more than the average MGM employee.<\/strong><\/p>\n

\n

Murren was also handsomely rewarded on the way out. His exit package is worth some $32 million, which includes roughly $6.9 million next year for consulting services, or $575,000 per month. The deal also includes a one-time $12 million severance check.<\/p>\n<\/div>\n

The average MGM Resorts employee made $36,192 in the most recently disclosed year (2018) — or 290 years’ worth of work to pay off only the principal listing price of Murren’s Summerlin compound.<\/p>\n","protected":false},"excerpt":{"rendered":"

Former MGM Resorts CEO Jim Murren has listed his Summerlin mansion for $10.5 million. He’s the latest chief executive of a casino giant to put his Southern Nevada home on the market. Known as “Skyspace,” the 1.5-acre Murren estate is located at 7 Painted Feather Way in The Ridges gated community. Adjacent to Red Rock […]<\/p>\n","protected":false},"author":25,"featured_media":141596,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,33810],"tags":[],"acf":[],"yoast_head":"\nFormer MGM Resorts CEO Jim Murren Selling Las Vegas Mansion<\/title>\n<meta name=\"description\" content=\"MGM Resorts CEO Jim Murren has listed his Summerlin home for $10.5 million. 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