Watch in pics: $48 million Las Vegas mansion with its own runway and airport

Las Vegas(US) : Located in the heart of Las Vegas, just minutes from McCarran Airport and the Las Vegas Strip the home was originally built in 1952 but the listing explains ‘the new owner has invested in excess of $15-20 million in improvements.'

It hit the market in September for $70 million but now the price has been chopped by $22 million. The property is called Casa de Shenandoah

Now the property is listed with Synergy Sotheby's International Realty .