Liberace's Sprawling Las Vegas Manor Sells For Just $500,000

The massive Las Vegas mansion once owned by famed pianist Liberace has sold for a paltry $500,000.

Liberace bought the house in the 1960s and kept it until his death in 1987. Since then, it has exchanged hands throughout the years and has been used as a banquet hall for weddings and other events. Local real estate investor Terrance Dzvonick bought the property in 2006 for a cool $3.7 million and used it as a event space, but noise complaints from neighbors led to his business license getting revoked and the manor eventually fell into foreclosure, according to Redfin. JP Morgan Chase has owned the property since 2010.

Judging by the pictures above, the mansion has definitely seen better days; the walls are stained and peeling, the carpets are in bad shape and the greenery has been neglected. But it still retains the gaudy glory of its past, with mirrored walls, marble pillars and dramatic chandeliers peppering the property. Redfin reports that there is also a large portrait of the late entertainer above the hot tub and a mural on the bedroom ceiling which, according to Liberace himself, is worth millions of dollars because it was painted by "a descendant of Michelangelo."

The mansion was recently purchased by the equally flamboyantly named Martyn Ravenhill. A lifelong Liberace fan from England, Ravenhill bought the property as a 50th birthday present to himself and plans to work closely with the Liberace Foundation to restore it to its glorious former state.

Just by looking at the photos, one could envision the ostentatious entertainer descending his $75,000 French-imported spiral staircase to fetch more champagne at his mirror bar while his houseboy, Scott Thorson, nervously rummages through his jewelry box for something valuable. It is a decaying monument to the decadent era in which "The King of Showmanship" lived.

Liberace's legacy has certainly benefited from a resurgence in popularity thanks to the 2013 HBO film Behind the Candelabra, so here's hoping Ravenhill can turn the dilapidated house into a very loud and very Liberace tourist destination.

Related: Photos: The Lavish Real Estate Of Liberace