Billionaire gambling magnate Phillip Ruffin, who is Donald Trump’s best friend is putting his 8,000 square foot Palos Verdes, California estate on the market to sell after owning the home only five years. Ruffin sold the New Frontier Hotel and Casino to the owners of New York’s Plaza hotel for $1.2 billion in the midst of the luxury hotel boom on the Las Vegas Strip just four years ago and purchased the Treasure Island from MGM Resorts International in March 2009.
The sprawling estate is set atop a bluff on the Palos Verdes Peninsula with unobstructed panoramic views of the Pacific Ocean and was the original model of The Estates at Trump National, which Ruffin purchased in 2006. The development is regarded as the most affluent in Southern California. The estate features six bedrooms and eight bathrooms, and is listed at a cool $10-million.
Ruffin has been the best friend of Billionaire real estate mogul Donald Trump for decades and has been a business partner in many ventures. The 74-year-old is getting out of the Southern California housing market to return to his home in Las Vegas full time.
The estate boasts a library with office, media room, gourmet kitchen and over $1 million dollars in custom furnishings and artwork, which will be included in the sale. A lanai with fireplace and outdoor kitchen overlook a lagoon pool and spa complete with waterfall offering resort living.
Built with exotic woods, imported marble and granite with close circuit security no detail has been overlooked. “Everything about this home exudes elegance,” said real estate agent Linda D’Ambrosi, who listed the property.