Rat Pack Hotel & Great Gatsby Mansion Face Wrecking Ball
23-Mar-2011 | News-Press Release
Real estate is never boring at www.TopTenRealEstateDeals.com where we post the most interesting, entertaining, and unusual real estate stories of the week. You won't get information here about home loan rates or housing starts or stuff like that. Instead we will bring you news such as a look at America's most expensive homes, the 25 percent drop in the value of the White House and the Louisville real estate company that gives away a free pizza with every new home purchase.
More bad news for people who love real estate is the impending demise of both the Las Vegas hotel and casino where the Rat Pack boys entertained the customers and each other, and the Gold Coast mansion that, according to legend, was the inspiration for Daisy Buchanan's home in "The Great Gatsby."
In New York, Daisy's mansion overlooks Long Island Sound and was the party place for celebrities (Groucho Marx), politicians (Averill Harriman), royalty (Duke and Duchess of Windsor) and F. Scott Fitzgerald. Like hundreds of early 1900's mansions that are too big and expensive to survive in today's world of high labor, tax and utility costs, "Lands End" at a cost of $4500 a day to maintain is scheduled to be torn down over the next few months and its 13 acres of land will be sub divided into five home-site parcels.
In "Sin City," the Sahara Hotel and Casino ("The Jewel in the Desert") was opened in 1952 by California bingo-game king Milton Prell with a Moroccan theme and statues of camels guarding the front entrance. It was the sixth hotel to be constructed in Las Vegas and is one of the last survivors of the Rat Pack era. With the considerable assistance of star power like Frank Sinatra, Johnny Carson, The Beatles, Ann-Margaret and Don Rickles, the Sahara was the hottest place in Vegas back in the 1950s and 60s. The hotel was upgraded many times over the years with more rooms, a 24-story tower and even a roller coaster. However today much of the gambling action has moved down "The Strip" and the Rat Pack has been replaced by magician Rick Thomas and a giant burrito that is free if you can eat the whole thing. Although demolition is not definite, most Las Vegas real estate people believe it will end up as a dust pile until the Nevada economy improves. The closing date will be May 16th.
Check it all out at: http://www.toptenrealestatedeals.com/real-estate-news-headlines/
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