http://www.lvnewspapers.com/realestate/REMar-31-Sun-2002/Front/18394335.html

The ranch estate of late gaming legend Lester "Benny" Binion has gone on the market for $2 million.

Binion, founder of Binion's Horseshoe, lived on the ranch for more than 40 years until his death in 1989. His wife, Teddy Jane, died in 1994. Their son Lonnie "Ted" Binion was murdered in 1998, launching the most high-profile murder trial in Las Vegas history.

The property, located on the northeast corner of Bonanza Road and Tonopah Drive, measures 6.13 acres and includes a 3,420-square-foot main house and a caretaker house measuring about 800 square feet. The main house, built in 1942, has three bedrooms, 5 1/2 baths and a 432-square-foot basement.

In addition, the property is zoned for horses, which still roam its lawns most days, and has a well with 27 acre-feet of water rights, according to listing agent Karen Winn.

The property is one of two longtime horse properties to go on the market this year. The Silk Purse Ranch in northwest Las Vegas recently announced it would close April 1 after more than 20 years as a public horse-boarding facility. The final 25 acres of what was once more than 100 acres were sold to a developer.

Like the Silk Purse Ranch, the Binion estate likely will be razed and redeveloped.

Winn said the $2 million asking price for the Binion ranch would increase if the property were rezoned for commercial use, a distinct possibility given how its surroundings have changed over the years. Industrial and high-density residential uses gradually have replaced single-family homes over the decades.