Billionaire Jim Jannard Takes $6.3M for Las Vegas Home, Down From $11.5M Purchase Price

Published: November 12, 2019 | By: American Luxury Staff

Oakley founder and photography enthusiast Jim Jannard sold his home in gated community The Ridges in Las Vegas this autumn. When the desert dust had settled and the ink had dried, Jannard found himself down over five million dollars: the sale accrued just $6.25 million against his 2008 purchase price of $11.5 million.

The home is located in The Pointe, an exclusive and heavily guarded section of the community. There are 12 homes in the neighborhood, each situated in a private corner on a substantial lot. It was built in 2007, and boasts dramatic desert-contemporary architecture, with a severe angularity tempered by sweeping, graceful arcs. Stacked stone, wood and stucco are all in sight.

The house is a big one: interior living space comes in at very close to 14,000 square feet. There are only four bedrooms in the home, so the layout favors the common areas—although the master suite receives its due in the generous footprint.

Interior material choices favor naturalistic tones, with plentiful mixed stone and slate floors and a plank ceiling in the great room, and custom cabinetry of highly figured wood in the kitchen. Amenities are numerous, with many a creature comfort accounted for: climate-controlled wine storage, a pizza oven, a large circular wet bar, an outdoor shower, a screening room with stadium seating, a spa room, a fitness room, an indoor-outdoor billiard room, and an indoor-outdoor spa and small bar in the master.

In 2007, Jannard sold Oakley for $2.1 billion to global eyewear company Luxottica; about eight years previous, he’d formally launched the Red Digital Cinema Camera Company after co-developing a new digital camera for filmmaking which has since become something of an industry standard. He owns two islands in Fiji. His net worth is around $3 billion.

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