Inside Phil Maloof’s $38 Million Las Vegas Condo

By Jay Casteel  |  07/11/2014

Business mogul Phil Maloof's $38 million penthouse stands out among the over-the-top hotels and neon lights in Las Vegas. But, despite how extravagant the 27,000 sq. ft. space is, it can't escape the city's struggling housing market. To entice buyers into taking it off his hands, Maloof is throwing in something a little extra -- an original Picasso painting and an original Dali.

According to the listing agent Lisa Sutton (of Sutton & Chase of Synergy Sotheby's), both paintings are are from the mogul's private art collection, but declined to offered further details.

Sutton will hold an exclusive, invite-only broker's open house in early August, but in the meantime, she's trying to keep the paintings' identities under wraps.

Maloof's condo takes up the entire 59th floor of the Palms Place tower in the heart of Las Vegas. It comes fully furnished with lavish amenities like three dozen flat-screen TVs, a DJ booth, an outdoor movie theater and helipad capabilities.

There's also three bedrooms, six bathrooms, a home office and a full gym—took four years to complete.