Dan Bilzerian suffers humiliating blow as he sells Las Vegas’ most expensive mansion

Once touted as a crown jewel in Las Vegas real estate, the owner of a sprawling ‘adult playground’ mansion has been dealt a humiliating blow in the high-stakes world of luxury listings.

Dan Bilzerian, a poker player and self-proclaimed ‘King of Instagram’ has slashed the price of his opulent Spring Valley estate by a staggering $5 million, dropping the listing price from $25 million to $19.9 million.

The move is a stark climbdown for Bilzerian, whose home previously held the title of the most expensive listing in the Las Vegas Valley. 

The 38,289-square-foot Spanish Colonial mansion sits on a five-acre lot and is something of a monument to excess, boasting amenities few homes in the world can rival. 

Built in 2006, the property features a full-sized basketball court that doubles as a roller hockey rink, a poker room, a home cinema, and even a golf simulator. 

Outside, there’s a stunningly elaborate pool complete with a rock climbing wall and a slide.

Inside, the indulgences continue with an indoor trampoline, a foam pit, a batting cage, a Jujutsu room, and a 16-car garage cater to nearly every whim. 

The price reduction may reflect broader shifts in the luxury real estate market, where even the most extravagant homes can struggle to find buyers willing to pay a premium. 

The 38,289-square-foot Spanish Colonial mansion sits on a five-acre lot and is something of a monument to excess, boasting amenities few homes in the world can rival

Outside, there’s a stunningly elaborate pool complete with a rock climbing wall and a slide. The women are not included

Bilzerian’s mansion, while unique, is undeniably tailored to a specific lifestyle – one of unrestrained indulgence. 

Listing agent Frank Napoli described it as a one-of-a-kind property, saying, ‘In my entire real estate career, I’ve never seen a property like this in terms of quality of construction finishes. The original builder spared no expense sourcing materials from all over the world.’

Bilzerian himself purchased the home in 2018 for $8.5 million and has since poured millions of dollars into renovations, transforming it into what some might call a hedonistic haven. 

Yet despite its eye-popping amenities, the mansion struggled to attract a buyer at its original $25 million price tag.

For Bilzerian, the price cut represents a humbling moment for a man whose identity has been built on the appearance of limitless wealth and extravagance 

The cut is just the latest setback for Bilzerian, whose larger-than-life persona has been eclipsed by mounting legal troubles. 

His company, Ignite International Brands Ltd., is currently embroiled in a federal investigation that includes charges of wire fraud and conspiracy to defraud the United States. 

The indictment also implicates his father, Paul Bilzerian, a disgraced former Wall Street investor accused of funneling money to Ignite while owing over $180 million in judgments.

One of the massive bathrooms is seen here with an enormous hot tub and even a seating area

There is a huge driveway with garage spaces with room enough for 16 cars

Naturally, the mansion comes complete with a walk-in closet 

The home has a resort feel to to the property with wide open spaces and high ceilings

‘This indictment alleges a long-running pattern of criminal behavior to avoid a regulator’s judgment, mislead investors, and cheat the IRS,’ U.S. Attorney Martin Estrada said in a news release in September.

Adding fuel to the fire, Bilzerian has sued his father, alleging he was ousted from Ignite despite being the majority shareholder. 

In the lawsuit, Bilzerian claims he was merely the ‘nominal CEO’ of the company and was not directly involved in its operations. 

The family feud has only added to the intrigue surrounding Bilzerian’s public persona, which has noticeably dimmed in recent years as his once-frequent Instagram posts have dwindled with just two posts in the entirety of 2024.

Bilzerian, known for his hard-partying, jet-setting lifestyle, has built a massive following on Instagram.

He would often flaunt his wild exploits from yacht parties packed with bikini-clad women to his Ignite brand, which sells everything from nicotine vapes to booze.

This jet is seen parked in one of Bilzerian’s play rooms and jet garages

For Bilzerian, the price cut represents a humbling moment for a man whose identity has been built on the appearance of limitless wealth and extravagance

Despite claims of winning millions in poker, his earnings from the game have long been contested by pros in the industry.

Now, Bilzerian is said to attempting to sell his U.S. properties in order to set up shop overseas in Bali and Dubai.

Known for his ostentatious lifestyle, Bilzerian once captivated his 31 million Instagram followers with photos of extravagant parties, luxury cars, and exotic locales. 

But Bilzerian’s price slashing is proof that even in Las Vegas, the house doesn’t always win.