The Godfather Of Las Vegas Sports Betting Is Auctioning His Rancho Santa Fe Mansion For $US20 Million

Legendary sports bettor William “Billy” Walters is auctioning his gorgeous Rancho Santa Fe, California estate for $US20 million with no reserve.

Walters and his wife purchased “El Milagro” three years ago. They spent more than $US7 million on renovations, but have decided to sell the home.

The auction for “El Milagro” will take place on August 15. Concierge Auctions will be hosting the event.

Walters is known for being the “world’s biggest sports bettor.” One prominent sports bettor described Walters to us as the “godfather of Las Vegas sports betting.”

Walters grew up poor in Kentucky. He’s worth hundreds of millions of dollars. He owns several homes, golf courses, car dealerships and a private jet, according to “60 Minutes.”

It was recently reported that Walters is being investigated in a possible insider-trading scheme involving billionaire investor Carl Icahn, according to The Wall Street Journal and Reuters. The men haven’t been accused of any wrongdoing. It’s not even clear if a case will ever be made against them.

In the meantime, let’s take a tour of Walter’s “El Milagro” estate. It’s definitely a dream home.

El Milagro is a 21,000 square-foot Spanish-Mediterranean-style mansion.

The house sits on nine elevated acres in Santa Fe.

At the center of the home is a courtyard.

The entrance is bright and airy.

The home features a stunning gourmet kitchen.

There's a massive dining area with enough seating for 30 people.

There's a smaller dining area as well.

Seen here is the media room. There's also a grand formal living room with a fireplace.

The ceilings are gorgeous.

A brass staircase leads to the upstairs bedrooms.

The home features y bedrooms. There's also 8 full and 3 half bathrooms in the main house.

There are two master suites.

They have beautiful walk-in cedar closets.

The upstairs bedrooms have entrances that lead onto a large terrace offering views of the lawn.

There's an 80-foot swimming pool and spa.

There's also an outdoor kitchen and entertainment area.

Walters had Dave Pelz design a short game golf course for the estate as a personal favour.

There's also a tennis court on the estate.

The estate also features a citrus orchard.

Now check out this sick penthouse in Vegas...

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