Casino magnate James Packer’s $50 million Mexico mansion has been compared to a maximum-security prison, and it’s not hard to see why.
New photos have surfaced of reclusive billionaire James Packer’s sprawling $50 million Mexican digs after three years of construction.
The massive, single-level trail occupies one of the largest beachfront blocks in Cabo San Lucas, Mexico’s Baja California Peninsula.
The 54-year-old businessman bought the block, which has direct access to the beach, in 2018 for reportedly $10 million.
Despite the costly extravagance, a neighbor thought the property looked more like a home for criminals than one that belonged to one of Australia’s wealthiest people.
“To be honest, it looks more like a high-security prison,” the neighbor said, according to Daily Mail Australia.
Considering the living space exists behind a huge imposing wall, it is not difficult to understand how they came to such an opinion.
Several separate buildings make up the house, some connected by walls and others appearing to be completely detached.
A large open air courtyard occupies a large square area in the center of the house, with a reasonable lawn in the rear garden leading to a uniquely shaped infinity pool.
Below the pool is a small piece of cliff before it falls on the beach sand.
Photos of the new property emerged following news that the Crown Resorts owner has put his $283 million superyacht up for sale.
The casino mogul bought the yacht in 2019, which has a movie theater, nightclub, swimming pool and hairdressing salon, and was originally purchased for about $200 million.
The yacht named IJE, presumably after his three children Indigo, Jackson and Emmanuelle, is listed on the site of international superyacht broker Burgess Yachts.
It says it was “built as the ultimate world cruise family yacht for a highly experienced owner” and can carry 22 guests in 11 cabins, including a privately owned deck.
Mr. Packer’s current net worth is estimated at approximately $3 billion ($A4 billion), according to Forbes.
About eight months ago, he gave video evidence to the NSW’s independent Liquor and Gaming investigation into money laundering at its casinos.
It examined evidence that the gambling giant facilitated money laundering through Asian high-roller ‘junket’ tours at its locations in Perth and Melbourne.
An investigation into Crown Resorts in February recommended that the controversial gaming giant’s Sydney casino license be revoked, in a crippling blow to its $2.2 billion Barangaroo project.