MGM Resorts Leader Jim Murren Sells Summerlin Mansion for $16 Million
After more than three years on the market, former MGM Resorts International Chairman and CEO Jim Murren has finally sold his Summerlin mansion in The Ridges for nearly $16 million. Murren and his wife initially listed the property for $10.5 million in July 2020.
The mansion, named “Skyspace,” is located on 1.5 acres in the ritzy gated community in the foothills of the Spring Mountains. It boasts four bedrooms, six baths, and a detached one-bedroom guest casita. The property also features a floating dining room, a Zen garden, an underground wine cellar, a movie theater, bamboo and pine trees, a resort-style pool, and floor-to-ceiling windows with views of the Las Vegas Strip.
The Murrens purchased the home in 2014 for $11.85 million and later re-listed it for $17.75 million in June. The property eventually sold for $15.95 million, with the sale closing on September 29. The buyer acquired the property through an LLC called “Outrageous Vegas.”
Murren’s departure from MGM Resorts International in February 2020 followed a successful career with the casino giant. He joined the company as its chief financial officer in 1998 before being appointed chief operating officer and eventually chairman and CEO. During his tenure, MGM undertook an extensive reorganization to navigate through the Great Recession and the development of CityCenter, a $8.5 billion project in partnership with Dubai World.
Following his departure from MGM, Murren took on several new roles, including CEO of the Ritz-Carlton Yacht Collection and chair of the United Arab Emirates’ gaming regulatory body. He also serves as co-chair of the Cirque du Soleil Entertainment Group.
Despite making headlines for his high compensation as CEO of MGM, Murren’s post-retirement activities and the recent sale of his Summerlin mansion suggest that the 62-year-old is not yet ready to retire.