The housing bust toppled tons of houses in Las Vegas, even flamboyant pianist Liberace's mansion.
The late musician’s former house at 4982 Shirley St. went up for sale last week for $529,900, more than $3 million less than what it sold for during Las Vegas' housing boom. The house is bank-owned. Only cash offers will be considered.
The two-story, 14,939-square-foot house near the Thomas & Mack Center was built in 1962. It sits on almost half an acre of land and has two bedrooms, 10 bathrooms, five fireplaces and several large areas for entertaining.
It features several chandeliers and a room with tile piano keys decorating the floor. A beveled mirror bar is etched with Liberace's signature and an image of a piano.
The mansion also includes a bedroom ceiling adorned with a $1.6 million reproduction of Michelangelo’s painting at the Sistine Chapel. Liberace claimed his version was made by a descendant of the famed painter, according to AOL News.
Liberace bought the house in 1974, according to county property records. His foundation sold it in 1989 to a married couple named Vance and Jan Turner. They sold it in 2006 for $3.7 million to Terrance Lee “Dez” Dzvonick, who says online he has more than 30 years of real estate experience and is a medically retired California police officer.
Dzvonick is president of the United States Police Officer’s Association, according to the group's website, and “receives many real estate sales referrals through that organization.” The group does not outline its police advocacy efforts online.
Instead, the website says it offers paid referrals for real estate leads. Its listed services include auto, boat and RV discounts; resort memberships; a wholesale Internet buyers' club; and a legal referral system. The site also refers visitors to its “Ten Four USA” website “to learn more about the process of buying foreclosed real estate at bargain prices.”
“There are just way TOO MANY foreclosures for us to handle alone,” the website reads. “We teach you how to use OUR money to make YOU money!”
Dzvonick also is president and founder of an affiliated Nevada company called Ten Four Corp., which “specializes in obtaining large commercial loans for its clients.” As of Monday, Ten Four’s status with the Nevada Secretary of State was revoked.
JPMorgan Chase Bank seized Liberace's former house from Dzvonick through foreclosure in February 2010.
In April of that year, Dzvonick sued JPMorgan Chase in Nevada federal court to try to get the house back. Acting as his own attorney, he demanded a jury trial and accused the bank of fraud, civil conspiracy and wrongful foreclosure.
U.S. District Judge Gloria M. Navarro dismissed the case in December 2012.
Dzvonick did not immediately comment.
Liberace died in 1987.