Saturday, September 4, 2010
                                          

Michael Jackson’s Las Vegas Rental House Sells for $3.1 Million

Posted by Late Michael Jackson On January - 28 - 2010

The mansion that Michael Jackson rented in Las Vegas, which became a meeting point for the late singer’s grieving fans, has been sold for $3.1 million in cash.

The sale of the 15,000-square-foot (1,400-square-meter) house was the city’s biggest in almost one year, according to an e-mailed statement today from Vegas Fine Estates, the broker on the deal. The buyer was a doctor-lawyer couple with property in California and Asia, the broker said without giving their names.

Jackson, who died June 25 from a drug overdose, paid $1 million to rent the seven-bedroom house for six months over 2006 and 2007 after returning from a self-imposed overseas exile, according to the statement. The luxury home includes tennis and basketball courts and a 20-seat theater.

“We are seeing significant residential real estate buyers starting to come back into Las Vegas,” Lee Medick, a partner at Vegas Fine Estates, said in the statement.


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