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The Nixon Mansion is winning awards! Check it out!

Heritage Award

The beautiful and storied Nixon mansion received the 2016 National Heritage Award from the Associated Realty of the Americas organization last month.

Don Roger Norman Buys the Pennington Mansion Reno, Nv

The Pennington Mansion is seen in Reno on Tuesday.

Residents of Reno’s Manzanita Lane, meet your new neighbor.

Real estate magnate Don Roger Norman closed on Reno’s Pennington mansion Friday afternoon, officially gaining ownership of the 19,500-square-foot property.

The San Diego-based industrial and commercial real estate developer was represented by Chase International as well as Lance Gilman, his partner in the development of the Tahoe Reno Industrial Center.

“A couple months ago I mentioned to Lance that I was considering moving to Nevada, as we have considerable investments here, and I wanted to be close to TRI because of all the action out there right now,” Norman said. “Lance told me ‘I know just the right property for you.'”

The identity of the Pennington mansion’s buyer has been the subject of much speculation in the community, with Tesla Motors CEO Elon Musk thought by some to be the person looking into the property. Ultimately, the buyer proved to be someone from California — just not the entrepreneur some folks were expecting.

For Gilman, however, having Norman and wife Liza’s move to the area is a positive sign of things to come.

“The Truckee Meadows is no longer home to just struggling gambling towns,” Gilman said. “High level executives and highly skilled, cutting-edge factory and data storage managers are coming in every day now looking for a home.”

The sale puts the latest bookend on the Reno property. The mansion was built in 2005 by hotel casino designer William Pennington, who opened Circus Circus Reno in 1978 with partner William Bennett and also designed Las Vegas properties such as the Excalibur Hotel Casino, Luxor and Mandalay Bay.

In addition to the Reno mansion, Pennington also owned several properties in Las Vegas, Hawaii and other places worldwide. Those properties have since been liquidated by his estate following Pennington’s death in 2011, Gilman said.

Although a Tesla executive ultimately was not the buyer, interest in the Pennington mansion can be still be attributed to the “Tesla effect,” which has sparked an interest in executive properties in the area, Gilman said.

“I’ve got nine other escrows with companies … and all those fellows are looking for executive housing,” Gilman said prior the sale’s close. “We’ve got so much coming at us with companies like Tesla and Switch.”

The increase in activity has prompted Gilman to start a second real estate endeavor focusing on high-end residential properties. Gilman, who is co-director of the Tahoe-Reno Industrial Center, specializes in commercial properties.

The Pennington mansion sits on a sprawling 20-acre estate in Reno’s Manzanita Lane neighborhood. In addition to its four bedrooms and eight bathrooms, the property also includes a private helipad, pool deck, gym and in-house theater.

The buyer was represented by Gilman and Chase International’s Joya Machabee.

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UNIQUE HOMES / GALLERY / BY ON 6 MAY 2015

A sprawling mansion above the Truckee River in Reno, NV is on the market for $16.4 million after 23 years in disrepair, followed by more than a decade of renovations.

The Nixon Mansion, built in 1907 by a U.S. senator for Nevada who made his fortune in mining, was damaged by a Christmas tree fire in 1979 and sat empty and “degrading to eyesore status” until 2002, when the current owners bought it and began to envision a new life for the nearly 18,000-square-foot home.

“It would’ve been quicker and cheaper to tear it down and rebuild it,” says listing agent Sandi Solomonson of Chase International. “But they took the time to restore as much as possible, including the huge original crystal chandelier in the formal dining room.”

Aerial from river - Best

Situated on more than two acres with views of downtown Reno and the mountains, the 8-bedroom, 11.5-bath home exists on a grand scale.

Its 860-square-foot kitchen boasts multiple refrigerators and dishwashers, a walk-in pantry and a butler’s pantry — a large enough kitchen to serve 80 guests in the dining room with that crystal chandelier and a carved mahogany fireplace.

The 800-square-foot grand ballroom sits adjacent to a bar that opens onto a wide terrace with views across the river. There are also river views from a private office in the master suite, which features a Juliet balcony with garden views and two marble bathrooms, each with a mahogany walk-in closet.

The home includes seven additional bedrooms with en-suite bathrooms, plus nine fireplaces, an 1,800-bottle wine cellar and tasting area, a library, a parlor, a game room with a wet bar, and a sunlit room with a fountain.

The property is zoned for professional as well as residential use, and could be used for offices or a corporate retreat.

Photos by GetYourView.com

About the Author

Melissa Allison writes about real estate transactions and trends for Zillow Blog.

DuPont Registry Nixon Mansion Spread April 2015

DuPont Nixon April 2015

$11.9 Million North Shore Lake Tahoe Billionaire’s Row

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If you’re looking for a vacation home, or at least a home that feels like a vacation, it’s worth looking in to this Lake Tahoe lakefront estate.

Located on the north shore of Tahoe’s “Billionaire’s Row,” the house includes some serious amenities like your own private pier and beach.

Listed by Chase International for $US11.9 million, it was originally built in 1949 large windows in almost every room to soak in the view.

And aside from the three bedrooms, the home includes a library, office, family room, and separate guesthouse.

The $US11.9-million home sits on a secluded one-acre lot.

 

The Nixon Mansion, Reno Nevada Luxury Real Estate

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