$29,250,000
SOLD DEC 20, 2024
7 Beds
10 Baths
10,094 Sq Ft
0.8 Acres

Recently Sold

$2,898 Per Sq Ft

0 Day on Market

Highlights

  • On Golf Course
  • Country Club
  • Heated Pool and Spa
  • Judy & John L. Goolsby Elementary School Rated A-
  • Fitness Center
  • Solar Power System

About This Home

As of December 2024

Nestled within the prestigious guard gates of The Summit Club in Summerlin, this architectural masterpiece, designed by the acclaimed Greg Faulkner, represents the pinnacle of luxury and craftsmanship. Developed by the esteemed R.W. Bugbee & Associates, this residence spans over 10,000 square feet of interior opulence, complemented by approximately 2,000 square feet of exquisite covered outdoor living spaces. Occupying nearly an acre, this sanctuary boasts 7 lavish bedrooms, 10 bathrooms, a state-of-the-art movie theater, and a comprehensive fitness/wellness room. This home offers panoramic views of the Strip, verdant golf course, and majestic mountains. Constructed with commercial-grade materials including concrete, steel, and glass, this home epitomizes durability and elegance. Four years in
the making, and a substantial investment in quality and detail, this property is a testament to unparalleled sophistication and artistic expression, located in an exclusive cul-de-sac enclave.

Last Agent to Sell the Property

Kamran Zand

Luxury Estates International Brokerage Email: kamran@luxuryestates.com License #B.1001321 Listed on: 12/20/2024

Last Buyer's Agent

Anthony Spiegel

Lusso Residential Sales & Inv License #BS.0145405

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $76,117

Year Built

  • Built in 2021

Lot Details

  • 0.8 Acre Lot
  • On Golf Course
  • Cul-De-Sac
  • East Facing Home
  • Partially Fenced Property
  • Block Wall Fence
  • Drip System Landscaping
  • Backyard Sprinklers
  • Fruit Trees
  • Back Yard
  • Property is in excellent condition

HOA Fees

Parking

  • 3 Car Detached Garage
  • Electric Vehicle Home Charger
  • Parking Storage or Cabinetry

Property Views

  • Lake
  • Golf Course
  • Las Vegas Strip

Home Design

  • Custom Home
  • Flat Roof Shape
  • Metal Siding

Interior Spaces

  • 10,094 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Skylights
  • Gas Fireplace
  • Insulated Windows
  • Blinds
  • Drapes & Rods
  • Living Room with Fireplace
  • Security System Owned
  • Basement

Kitchen

  • Double Oven
  • Built-In Gas Oven
  • Gas Range
  • Warming Drawer
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Disposal

Flooring

  • Wood
  • Concrete

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer
  • Sink Near Laundry
  • Laundry Cabinets

Eco-Friendly Details

  • Energy-Efficient Windows with Low Emissivity
  • Energy-Efficient HVAC
  • Energy-Efficient Doors
  • Solar Power System
  • Solar owned by seller

Pool

  • Heated Pool and Spa
  • Heated In Ground Pool

Outdoor Features

  • Balcony
  • Courtyard
  • Built-In Barbecue

Schools

  • Goolsby Elementary School
  • Fertitta Frank & Victoria Middle School
  • Durango High School

Utilities

  • Two cooling system units
  • High Efficiency Air Conditioning
  • Central Heating and Cooling System
  • Multiple Heating Units
  • High Efficiency Heating System
  • Heating System Uses Gas
  • Underground Utilities
  • 220 Volts in Garage
  • Water Purifier
  • Water Softener is Owned

Community Details

Overview

  • Association fees include management, insurance, ground maintenance, reserve fund, security
  • The Summit HOA, Phone Number (702) 791-4600
  • Built by Bugbee
  • Summerlin Village 17 Phase 3 Subdivision, Custom Floorplan
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • Clubhouse
  • Theater or Screening Room
  • Recreation Room

Recreation

  • Country Club
  • Tennis Courts
  • Community Basketball Court
  • Pickleball Courts
  • Fitness Center
  • Community Pool
  • Community Spa
  • Park
  • Dog Park

Security

  • Security Guard
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$76,117

Year Built

Built in 2021

Lot Details

0

HOA Fees

$2,669 per month

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: Golf Course
  • Lot Size Acres: 0.8
  • Subdivision Name: Summerlin Village 17 Phase 3
  • Directions: 215 EXIT TOWN CENTER DR, SOUTH ON TOWN CENTER, PASS FLAMINGO RD TO PRIVATE GUARD GATE ON RIGHT SIDE. STRAIGHT ON SUMMIT CLUB DRIVE, RIGHT ON CAPSTONE POINT CT.
  • Architectural Style: Two Story, Custom
  • Carport Y N: No
  • Garage Yn: Yes
  • Efficiency: Doors, Windows, HVAC, Solar Panel(s)
  • Property Attached Yn: No
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 2021
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Single Family Residence
  • Attribution Contact: kamran@luxuryestates.com
  • Special Features: None
  • Stories: 2
  • Year Built: 2021

Interior Features

  • Furnished: Unfurnished
  • Private Spa: Yes
  • Appliances: Built-In Gas Oven, Double Oven, Dryer, Dishwasher, Electric Cooktop, Disposal, Gas Range, Microwave, Refrigerator, Water Softener Owned, Warming Drawer, Water Purifier, Wine Refrigerator, Washer
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 4
  • Three Quarter Bathrooms: 4
  • Possible Bedrooms: 11
  • Total Bedrooms: 7
  • Fireplace Features: Gas, Living Room
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Concrete, Hardwood
  • Interior Amenities: Bedroom on Main Level, Ceiling Fan(s), Primary Downstairs, Skylights, Window Treatments
  • Living Area: 10094.0
  • Dining Room Type: Basement
  • Window Features: Blinds, Drapes, Insulated Windows, Low-Emissivity Windows, Skylight(s), Window Treatments

Exterior Features

  • Fencing: Block, Partial
  • Lot Features: 1/4 to 1 Acre Lot, Back Yard, Cul-De-Sac, Drip Irrigation/Bubblers, Desert Landscaping, Fruit Trees, Sprinklers In Rear, Landscaped, On Golf Course, Rocks
  • Pool Features: Heated, In Ground, Private, Pool/Spa Combo, Association
  • Pool Private: Yes
  • View: Golf Course, Lake, Strip View
  • View: Yes
  • Disclosures: Covenants/Restrictions Disclosure
  • Builder Name: Bugbee
  • Construction Type: Metal Siding
  • Direction Faces: East
  • Exterior Features: Built-in Barbecue, Balcony, Barbecue, Courtyard, Sprinkler/Irrigation
  • Patio And Porch Features: Balcony
  • Property Condition: Excellent, Resale
  • Roof: Flat

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features: Detached, Electric Vehicle Charging Station(s), Garage, Private, Shelves

Utilities

  • Laundry Features: Cabinets, Gas Dryer Hookup, Main Level, Laundry Room, Sink, Upper Level
  • Security: Security System Owned, Gated Community
  • Cooling: Central Air, Electric, High Efficiency, 2 Units
  • Cooling Y N: Yes
  • Heating: Central, Gas, High Efficiency, Multiple Heating Units
  • Heating Yn: Yes
  • Electric: Photovoltaics Seller Owned, 220 Volts in Garage
  • Sewer: Public Sewer
  • Utilities: Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: Basketball Court, Country Club, Clubhouse, Dog Park, Fitness Center, Gated, Media Room, Pickleball, Park, Pool, Recreation Room, Guard, Spa/Hot Tub, Security, Tennis Court(s)
  • Association #2 Fee: 65.0
  • Association #2 Fee Frequency: Monthly
  • Association Fee: 2604.0
  • Association Fee Frequency: Monthly
  • Association Name: The Summit HOA
  • Phone: 702-791-4600
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Association Management, Insurance, Maintenance Grounds, Reserve Fund, Security

Schools

  • Elementary School: Goolsby, Judy & John,Goolsby, Judy & John
  • High School: Durango
  • Middle Or Junior School: Fertitta Frank & Victoria

Lot Info

  • Horse Amenities: None
  • Lot Size Sq Ft: 34848.0
  • Additional Parcels Description: ---
  • Zoning Description: Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 76117.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 20, 2024
Closed on
Dec 6, 2024
Sold by
Og Summit Llc and Nikou Enterprises Llc
Bought by
Summit Trust and Watterson
Seller's Agent
Kamran Zand
Luxury Estates International
Buyer's Agent
Anthony Spiegel
Lusso Residential Sales & Inv
List Price
$29,250,000
Sold Price
$29,250,000
Views
12
Current Estimated Value
$14,133,596

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,116,404
Avg. Annual Appreciation
-60.17%

Purchase Details

Closed on
May 18, 2018
Sold by
Discovery Property Company Llc
Bought by
Og Summit Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.4%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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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 $29,250,000 Chicago Title Of Nevada
Bargain Sale Deed $4,500,000 First American Title Insu
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,000,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2024 12/20/24 Sold $29,250,000 0.0% $2,898 / Sq Ft
12/20/2024 12/20/24 For Sale $29,250,000 -- $2,898 / Sq Ft
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 $82,206 $4,505,371 $2,992,500 $1,512,871
2024 $76,117 $4,505,371 $2,992,500 $1,512,871
2023 $76,117 $3,793,432 $2,362,500 $1,430,932
2022 $70,479 $2,362,912 $2,362,500 $412
2021 $28,426 $1,496,637 $1,496,250 $387
2020 $26,391 $1,378,498 $1,378,125 $373
2019 $24,734 $1,378,523 $1,378,125 $398
2018 $22,639 $771,922 $771,750 $172
2017 $22,639 $771,750 $771,750 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 2641795

Las Vegas REALTORS®

APN: 164-23-311-003