Sheldon Adelson Said to Be Favored to Buy U.S. Ambassador’s Home in Israel

Prospective buyers told $70 million property was no longer on the market

Hadar Horesh
Sheldon Adelson, left, with his wife Miriam Adelson.
Sheldon Adelson with his wife Miriam Adelson.Credit: JIM WATSON / AFP
Hadar Horesh

Sheldon Adelson is apparently the leading contender to buy the U.S. ambassador’s home in Herzliya.

A few months ago, the U.S. State Department held a quiet auction to sell the house, valued at around $70 million, located on Galei Techelet Street. The house is in the row nearest the beach. The neighboring homes belong to billionaire Teddy Sagi and businesswoman Irit Strauss.

Several people have expressed interest in buying the residence, but they were told about a month ago that the property was no longer on the market and was likely to be sold to a non-Israeli. The buyer is widely thought to be Adelson, a Jewish American billionaire.

Adelson owns the Las Vegas Sands Corporation, which operates casinos, hotels and a cruise business. He also owns the local paper Israel Hayom and an apartment in Tel Aviv’s Bavli neighborhood.

Herzliya Pituach.
Preparations for the July 4th party at the Residence of the U.S. Ambassador to Israel, 2011.
Preparations for the July 4th party at the Residence of the U.S. Ambassador to Israel, 2011.Credit: U.S. Embassy Jerusalem

The decision to sell the ambassador’s residence, which is considered one of the most expensive private homes in the country, is an outgrowth of the U.S. Embassy’s relocation from Tel Aviv to Jerusalem in 2018. The ambassador followed the embassy to the capital, making the Herzliya house superfluous.

The U.S. Embassy confirmed that the house is in the process of being sold, but said the deal hasn’t yet been finalized.

Two weeks ago, TheMarker asked Adelson’s staff whether he was the buyer, but they declined to respond. On Monday, the business daily Globes published an article about the negotiations.

Galei Tchelet Street in Herzliya Pituach seen from the air. One of the most expensive streets in Israel.
Galei Tchelet Street in Herzliya Pituach seen from the air. One of the most expensive streets in Israel.Credit: Ofer Vaknin

The Adelson family’s spokesman declined to comment for this report.

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