Jerry Herbst puts Bayshore home in Newport Harbor up for sale

Jerry Herbst’s Newport Harbor mansion is for sale at $31.8 million.

Nevada casino magnate (and offshore powerboat racer) Jerry Herbst has placed his six-bedroom waterfront home on the market. Rob Giem of HOM Real Estate Group Inc. holds the listing for the property, which includes a dock that can hold a 160-foot yacht, among other features. Herbst purchased the home from actor Nicolas Cage in early 2008.

Jerry is also the owner, chairman and president of Las Vegas-based Terrible Herbst, which runs gas stations and other businesses in Nevada.

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