A modern Moroccan riad-style mansion in Palm Desert has sold to Howard Panes, the 53-year-old fitness innovator behind the Stealth Core Trainer gaming plankboard.

Records show Panes bought the property dubbed “Casbah Cove” through a Florida LLC for $11.5 million, a 17% markdown from the last asking price.

Multiple Listing Service data shows the desert retreat spent years on and off the market, with an initial $24.5 million ask in January 2015. The price has dropped several times since.

As recently as January 2022, it sought $13.9 million.

Escrow closed March 14.

Located in guard-gated Bighorn Golf Club, the house spans 12,650 square feet with five bedrooms, seven bathrooms, and seamless indoor and outdoor living spaces.

There are vanishing glass walls and a retractable glass ceiling that shelters a courtyard at the center of the home of which Panes posted a video on Instagram.

Interior highlights include a hammam spa with a steam room, a temperature-controlled wine room and the hookah room with seating for 20 people.

The house was completed on a nearly 1-acre hillside lot with 360-degree mountain and Coachella Valley views in 2009.

An outdoor movie theater with a 20-foot screen shares the grounds with lush gardens, moat-like fountains in the motor court and multiple pools, including a 75-foot infinity lap pool and a 40-foot round, reverse infinity-edge swimming pool.

There’s a complete outdoor kitchen with a barbecue.

A one-bedroom guest house with a kitchen completes the listing.

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Jacquie Burns of Bighorn Properties held the listing and Brian Wilson of Bennion Deville Homes represented Panes.

Before his fitness technology venture, Panes co-founded the electronic cigarettes company LOGIC Technology Development LLC in 2010. He sold the company in 2015 to Japan Tobacco Inc. for an undisclosed sum.

Stealth Core Trainer launched in late 2016 through a successful Kickstarter campaign.

Panes is an avid collector of rare and exotic hypercars.