A modern Moroccan riad-style mansion in Palm Desert has sold to Howard Panes, the 53-year-old fitness innovator behind the Stealth Core Trainer gaming plankboard.
Records show Panes bought the property dubbed “Casbah Cove” through a Florida LLC for $11.5 million, a 17% markdown from the last asking price.
Multiple Listing Service data shows the desert retreat spent years on and off the market, with an initial $24.5 million ask in January 2015. The price has dropped several times since.
As recently as January 2022, it sought $13.9 million.
Escrow closed March 14.
Located in guard-gated Bighorn Golf Club, the house spans 12,650 square feet with five bedrooms, seven bathrooms, and seamless indoor and outdoor living spaces.
There are vanishing glass walls and a retractable glass ceiling that shelters a courtyard at the center of the home of which Panes posted a video on Instagram. Interior highlights include a hammam spa with a steam room, a temperature-controlled wine room and the hookah room with seating for 20 people.
The house was completed on a nearly 1-acre hillside lot with 360-degree mountain and Coachella Valley views in 2009.
An outdoor movie theater with a 20-foot screen shares the grounds with lush gardens, moat-like fountains in the motor court and multiple pools, including a 75-foot infinity lap pool and a 40-foot round, reverse infinity-edge swimming pool.
There’s a complete outdoor kitchen with a barbecue.
A one-bedroom guest house with a kitchen completes the listing.
Jacquie Burns of Bighorn Properties held the listing and Brian Wilson of Bennion Deville Homes represented Panes.
Click here to view original web page at www.pe.com
£37m mega-mansion complete with shark tank and waterfall – but no door handles
Buyer confirmed, finally: Tim Cook paid $10M for La Quinta mansion
Cat Deeley gives a sneak peek inside her £2.1 million Los Angeles mansion she shares with husband Patrick Kielty – complete with outdoor pool, lavish lounge and balcony dining area
Ramtin Ray Nosrati Sells Spec Mansion To Hedge Funder