Phil Maloof Lists $38 Million Penthouse with Dali and Picasso Paintings

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Updated on September 2nd, 2021

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Maloof Penthouse
Listed by Lisa Sutton, Synergy Sothebys International

Phil Maloof, a former New Mexico state senator and member of the famous Maloof family, just listed his Las Vegas penthouse atop the Palms Place tower for $38 million.

The penthouse is by far the most expensive home listed in Las Vegas, but it comes with something you won’t find anywhere else: paintings by Dali and Picasso! According to the listing, Maloof will include the priceless works of art as part of the deal. (By the way, the second most expensive property in Las Vegas is a $16.5 million estate that Michael Jackson once considered making his new Wonderland.)

Maloof’s penthouse has everything you need for a Las Vegas party pad, including a 20-person hot tub, 35 flat-screen TVs, DJ booth, a helipad spot and an outdoor theater and kitchen. It has three bedrooms and five baths, and spans 6,230 square feet, but there are 27,000 square feet when you include the massive balconies.

The ceilings are 30 feet tall, with walls of glass to take advantage of the 360-degree views of the Las Vegas Strip. It’s accessible via a private elevator, and comes fully furnished with a modern, minimalist design. There’s also a whole-home remote control system, wet bar, gym and office. The homeowners association dues are a whopping $4,481 per month, but include concierge services, a pre-arrival grocery shopping service, access to the fitness center, two free spa passes a month and discounts for The Palms’ restaurants, room service, shops and services.

Maloof purchased the unit in 2008 for $4.5 million, but that was probably at a discount, considering his family founded The Palms and still manages the property.

If you had $38 million to spare, would you pick up this property? Tell us what you think in the comments below!

If you are represented by an agent, this is not a solicitation of your business. This article is for informational purposes only, and is not a substitute for professional advice from a medical provider, licensed attorney, financial advisor, or tax professional. Consumers should independently verify any agency or service mentioned will meet their needs. Learn more about our Editorial Guidelines here.
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Christin Camacho

Christin covers a variety of topics for Redfin Real-Time, ranging from “best places” lists, to Redfin client stories, to celebrity news and everything in-between. Her dream home would have an enormous walk-in closet, a home theater and a room dedicated to her cats. Redfin is a full-service real estate brokerage that uses modern technology to make clients smarter and faster. For more information about working with a Redfin real estate agent to buy or sell a home, visit our “Why Redfin?,” page.

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