Desai’s $2.6 million house will be sold to raise money for creditors
The custom-built house of Dr. Dipak Desai will soon hit the market for
$2.6 million.
U.S. Bankruptcy Court Judge Mike Nakagawa allowed William Leonard, the trustee in the bankruptcy of the now-disgraced physician, to sell the house in order to raise money for creditors. Based on the estimated price given by broker George Durkin of Realty Executives of Nevada, Leonard expects to net about $500,000 after paying off the loans and legal exemptions allowed to debtors.
The home, in the exclusive Red Rock Country Club, covers 8,725 square feet with five bedrooms and 5.5 bathrooms. However, because of several structural flaws, including what an appraisal report described as "premature settling," any buyer would face repair bills estimated at $75,000.
A request to hire an auctioneer to sell off his personal belongings was put off for a month for procedural reasons.
Desai, who owned the also-bankrupt Endoscopy Center of Southern Nevada, was found by local health officials to have exposed patients to, or in some cases infected patients with, hepatitis C because of a certain medical practices.
Contact reporter Tim O'Reiley at
toreiley@reviewjournal.com or 702-387-5290.
