Gene Simmons Loses Massive Bank Payment In Vegas

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KISS bassist/vocalist Gene Simmons recently dropped another $1 million from the asking price of his Southern Nevada estate.

Gene Simmons reveals the price

Simmons put the home on the market in October 2021 for $14.95 million, but that price came down on November 17, 2021 to $13.5 million, on May 19, 2022 to $11 million and again on November 17 to $10 million. Gene paid a combined $10.8 million for the home and a lot adjacent to it back in May 2021. Among the improvements Simmons made to the Las Vegas house is installing all new floors and ripping up wall-to-wall carpeting in some of the rooms.

This past February, Simmons’s mansion still had a listing price of $13.5 million. It was listed as under contract on the real estate site Zillow. The web site was updated with the pending sale on February 16. However, the sale appears to have since fallen through.

Speaking to TMZ about his decision to sell the home only five months after buying it, Gene said: “First I bought it because Mr. Biden [U.S. president Joe Biden] and Mr. Newsom [California governor Gavin Newsom] are looking to raise taxes to the point where if I work really hard to earn a legal dollar, I may get to keep 35 cents. So, California has become untenable. So I’d rather leave the money to my family and to charity and so on, so I wanted to move to Las Vegas. No income tax, no state tax, no local tax, no inheritance tax, beautiful place, great. Except for one thing — my family doesn’t wanna go there. They’re not gonna put up with the heat, and down the street, there’s strippers and stuff like that. They don’t wanna deal with any of that.”

He continued: “I bought [the house] for 8.6 [million], then I bought the property next door for 2.4 [million] and planted 137 trees. So, guys, I can this for 25 or 30 million, but I’m blessed. I’d like to meet the person that’s gonna wind up buying the place because I don’t wanna just hand it over to some knucklehead. I want you to enjoy it and have a good life.”