$7,015,000
SOLD FEB 14, 2025
1.15 Acres
$6,100,000 Price per Acre
50,094 Sq Ft Lot

Recently Sold

22% Below List Price

330 Days on Market

Highlights

  • Gated Community
  • Judy & John L. Goolsby Elementary School Rated A-
  • 1.15 Acre Lot

About This Lot

As of February 2025

This 1.15-acre parcel of land is located in Summerlin’s highly sought-after and exclusive Summit Club, developed by Discovery Land Company. Situated amongst some of the most luxurious homes in the area, this property offers unobstructed views of the majestic Red Rock mountains, providing a breathtaking backdrop for your dream home. Spread across 555 acres of stunning desert landscape, The Summit Club offers residents world-class amenities including a state of the art club house, 24-hour security, a members-only Tom Fazio designed golf course, exceptional dining options, and more— making it the perfect place for those seeking privacy, exclusivity, and community. With its stunning natural beauty and unmatched community amenities, this incredible lot offers the perfect opportunity to build your dream home in a community with an unparalleled luxury lifestyle!

Last Agent to Sell the Property

Madison Blau

IS Luxury License #BS.0145133 Listed on: 03/20/2024

Last Buyer's Agent

Madison Blau

IS Luxury License #BS.0145133 Listed on: 03/20/2024

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $39,715

Lot Details

  • 1.15 Acre Lot
  • Property fronts a private road

HOA Fees

Utilities

  • Not Connected to Water Source
  • Not Connected to Sewer

Community Details

Overview

  • Summerlin South Association, Phone Number (702) 791-4600
  • Summerlin Village 17 Phase 1 Subdivision

Security

  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$39,715

Lot Details

0

HOA Fees

$2,551 per month

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 1.15
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: Summerlin Village 17 Phase 1
  • Directions: FROM FLAMINGO AND TOWN CENTER, SOUTH ON TOWN CENTER, RIGHT ON SAGE PEAK DR TO THE GUARD GATE. GUARD GATE WILL DIRECT YOU TO THE PROPERTY
  • ResoPropertyType: Land
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Utilities

  • Security: Gated Community
  • Sewer: Not Connected (nearby)
  • Utilities: Electricity Available
  • Water Source: Not Connected (at lot), Not Connected (nearby), Public

Condo/Co-op/Association

  • Community Features: Gated
  • Association #2 Fee: 2484.0
  • Association #2 Fee Frequency: Monthly
  • Association Fee: 67.0
  • Association Fee Frequency: Monthly
  • Association Name: Summerlin South
  • Phone: 702-791-4600
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Schools

Lot Info

  • Lot Size Sq Ft: 50094.0
  • Additional Parcels Description: ---
  • Zoning Description: Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 39715.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2024
Closed on
Feb 13, 2025
Sold by
Ksfifty6 Llc
Bought by
Stardust Ventures Llc
Seller's Agent
Madison Blau
IS Luxury
Buyer's Agent
Madison Blau
IS Luxury
List Price
$8,950,000
Sold Price
$7,015,000
Premium/Discount to List
-$1,935,000
-21.62%
Views
175
Current Estimated Value
$7,295,748

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$280,748
Avg. Annual Appreciation
5.30%

Purchase Details

Listed on
Feb 3, 2023
Closed on
May 11, 2023
Sold by
Pietrangelo Alex and Pietrangelo Jayne
Bought by
Ksfifty6 Llc
Seller's Agent
Madison Blau
IS Luxury
Buyer's Agent
Madison Blau
IS Luxury
List Price
$8,999,000
Sold Price
$7,500,000
Premium/Discount to List
-$1,499,000
-16.66%
Views
18

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.73%

Purchase Details

Closed on
Feb 11, 2021
Sold by
Discovery Property Company Llc
Bought by
Pietrangelo Alex and Pietrangelo Jayne
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $7,015,000 Chicago Title Of Nevada
Bargain Sale Deed $7,500,000 Chicago Title
Bargain Sale Deed $5,250,000 First American Title Insu
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/14/2025 02/14/25 Sold $7,015,000 -21.6% --
03/20/2024 03/20/24 For Sale $8,950,000 +19.3% --
05/12/2023 05/12/23 Sold $7,500,000 -16.7% -- View Prior Sale
02/03/2023 02/03/23 For Sale $8,999,000 -- --
Source: Las Vegas REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $46,323 $2,859,955 $2,859,500 $455
2024 $42,892 $2,859,955 $2,859,500 $455
2023 $42,892 $1,995,453 $1,995,000 $453
2022 $39,715 $1,995,412 $1,995,000 $412
2021 $36,773 $1,263,887 $1,263,500 $387
2020 $27,135 $1,164,123 $1,163,750 $373
2019 $25,432 $931,398 $931,000 $398
2018 $24,256 $827,047 $826,875 $172
2017 $24,256 $826,875 $826,875 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 2568816

Las Vegas REALTORS®

APN: 164-23-216-020