Las Vegas Luxury Real Estate: $35 Million Sale Sets New Record in The Summit Club

by Bret Jenny

Las Vegas, NV - In an unprecedented transaction, a 1.5-acre estate in The Summit Club, a luxury resort community in Summerlin, has sold for a record-breaking $35 million. This sale surpasses the previous record set by Celine Dion's $30 million sale of her unlived home in the same community last year.

Luxury Features and Amenities

11,427 square feet of living space
5 bedrooms and 7 bathrooms
6-car garage
Pool with waterfall and spa
High-end construction finishes and sophisticated design
1.5-acre lot with breathtaking views
Smart home technology and automation
Private movie theater and wine cellar
Outdoor kitchen and entertainment area

The Summit Club: A Community of Luxury and Exclusivity

Uber-luxury resort community developed by Discovery Land Co.
Attracts billionaires and celebrities
Membership fees: $250,000 (one-time) and $110,000 (annual)
Homeowners association fees: $30,000 (annual)
Concierge community with nearly 276 home sites on 555 acres
Clubhouse completed in spring 2023
Private golf course and tennis courts
24/7 security and gated community

Record-Breaking Sale

$35 million sale sets new record for Las Vegas single-family home sales
Price per square foot: $3,063 (or approximately $2,900 per square foot, considering the home's size may be 600 square feet larger)
Anthony Spiegel of IS Luxury represented the buyer and seller
Sale highlights the growing demand for luxury real estate in Las Vegas

Expert Insights

"What gives any real estate real value is the location," says Anthony Spiegel. "The Summit Club sets itself apart in Las Vegas, offering a community that people want to belong to, and there's a cost associated with that."
"You are talking about a 1½-acre lot, 12,000-square-foot home, high-quality desert contemporary construction, a massive infinity pool, and all of the things you would expect to be in an extraordinary home," Spiegel adds.
"The Summit Club is a community that offers a unique lifestyle, with luxury amenities and services that cater to the most discerning buyers," says Spiegel.

Las Vegas Luxury Real Estate Market

The Las Vegas luxury real estate market is booming, with sales of million-dollar homes on the rise
The Summit Club is one of the most exclusive communities in Las Vegas, with homes priced from $5 million to $50 million
The community offers a range of luxury amenities, including a private golf course, tennis courts, and clubhouse

Stay up-to-date on the Las Vegas real estate market with me! If you have any questions or need assistance with buying or selling a home, please don't hesitate to reach out.

Bret T Jenny

https://www.simplyyourhouse.com/

(702)628-3476

Simply Vegas

BS.1001584

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Bret Jenny

Broker Associate | BS.BS.1001584

+1(702) 628-3476