February
2012
Thursday, February 11, 2010
Juliet Chung, Wall Street Journal, Developments Blog, 

California Estate Linked to Edra Blixseth Listed for $75 Million

The 249-acre Rancho Mirage, Calif. estate linked to Edra Blixseth, a founder of the billionaires’ resort the Yellowstone Club in Montana, is on the market for $75 million.

Ms. Blixseth, who has declared personal bankruptcy, took control of the home as well as of the 13,500-acre private club as part of her 2008 divorce settlement with her ex-husband Tim Blixseth. She became the shareholder in the BLX Group, the holding company for the Club and the home; the seller is the trustee of the BLX Group.

The Blixseths built the Porcupine Creek estate about 10 miles away from Palm Springs. It is inspired by a Mediterranean villa and has a waterfall, a fountain with jets whose sprays rise about 80 feet and a private, 19-hole golf course of about 240 acres. The roughly 25,000-square-foot main residence is decorated with several ceiling murals and has a prayer room and separate wings for guests and children. The gated property also has several guest houses, a gym and spa with massage rooms, steam room and hot tub. There’s a golf clubhouse and an outdoor grotto for entertaining.

There is such a thing as having too much money ... Not that bankruptcy will affect Ms. Blixseth's lifestyle one iota.

Posted by Editor on 02/11/10 at 01:57 PM •  (0) Comments

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