Wayne Newton's Former Estate Gets a $40-Million Price Cut
The giant estate compiled by Mr. Las Vegas got a huge price cut to $30 million this week -- something of a white flag for the businessman who first listed it for $70 million last year. He ended up with the property after scrapping his elaborate plans for Wayne Newton's Casa de Shenandoah. The listing now contains this clue about his intentions: "Owner says sell this year."
The unique 40-acre property has a rainbow fountain and space for a menagerie of exotic animals, plus Newton's luxurious mansion, with a giant "N" engraved on the marble floor in the ornate entry and a paneled billiards room. And it includes the rest of Newton's compound: a car showroom with eight double-doors, a pool, stables and zoo.
The current owner, a Texas businessman, bought the property from Newton in 2010 and renovated it, with plans for a theme park and museum. As part of the sale, Newton and his wife were to build a smaller residence on the property, but the deal fell apart and a legal battle erupted in bankruptcy court. The Newtons were forced to move out of the longtime home.
Newton, who still croons for crowds in Las Vegas casinos, was a supporter of Ronald Reagan and hosted the president and his wife at Shenandoah, along with other famous entertainers from the 1960s. But behind the glamour, controversy also plagued the estate over the years, including claims of fraud and animal abuse, according to reports.