NOT LISTED FOR SALE

Summerlin South, NV 89135

South Summerlin Neighborhood

Estimated Value: $8,280,000 - $11,733,431

1.27 Acres
$7,738,433 Price per Acre
55,321 Sq Ft Lot

Last Sold April 30, 2021

Last sale price $6,150,000

Est. 60% increase in value since last sale

Current estimated payment $56,379/month

87 Days on Market

Highlights

  • On Golf Course
  • Gated Community
  • 1.27 Acre Lot
  • Judy & John L. Goolsby Elementary School Rated A-

About This Lot

As of April 2021

The Summit Club is Las Vegas' most exclusive neighborhood. The Summit Club is an uber-luxurious residential community located in the neighborhood of Summerlin. Spread across 555 acres of stunning desert landscape, The Summit Club is a members-only residential community featuring a Tom Fazio designed golf course, unique wellness and recreation programs, and 260 residences.

Last Agent to Sell the Property

Dale Ray Akridge

Summit Club Realty, LLC License #BS.1002454 Listed on: 01/02/2021

Last Buyer's Agent

Admin Assistant

NON-MLS OFFICE

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $30,149

Lot Details

  • 1.27 Acre Lot
  • On Golf Course

HOA Fees

  • $1,680 Monthly HOA Fees

Utilities

  • Underground Utilities
  • Not Connected to Water Source
  • Not Connected to Sewer

Community Details

Overview

  • The Summit Comm Assc Association, Phone Number (702) 791-4600
  • Summerlin Village 17 Phase 1 Subdivision

Security

  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$30,149

Lot Details

0

HOA Fees

$1,680 per month

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 1.27
  • Road Surface Type: Paved
  • Subdivision Name: Summerlin Village 17 Phase 1
  • Directions: 215 EXIT TOWN CENTER(S), CROSS OVER FLAMINGO, TOWN CENTER (S) PRIVATE COMM, TO GUARD GATE
  • ResoPropertyType: Land
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Lot Features: On Golf Course

Utilities

  • Security: Gated Community
  • Electric: Underground
  • Sewer: Not Connected (at lot), Public Sewer
  • Water Source: Not Connected (at lot), Public

Condo/Co-op/Association

  • Community Features: Gated
  • Association Fee: 20160.0
  • Association Fee Frequency: Annually
  • Association Name: The Summit Comm Assc
  • Phone: 702-791-4600
  • Association: Yes
  • ResoAssociationFeeFrequency: Annually

Schools

Lot Info

  • Lot Size Sq Ft: 55321.0
  • Additional Parcels Description: ---
  • Zoning Description: Planned Unit Development,Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 30149.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 16, 2022
Sold by
Nevell Living Trust
Bought by
Mallo Thomas P and Mallo Petranka A
Current Estimated Value
$9,827,810

Purchase Details

Listed on
Jan 2, 2021
Closed on
Apr 23, 2021
Sold by
Familee Properties Inc
Bought by
Nevell Michael J and Nevell Susan D
Seller's Agent
Dale Ray Akridge
Summit Club Realty, LLC
Buyer's Agent
Admin Assistant
NON-MLS OFFICE
List Price
$6,950,000
Sold Price
$6,150,000
Premium/Discount to List
-$800,000
-11.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.98%

Purchase Details

Closed on
May 11, 2016
Sold by
Discovery Property Company Llc
Bought by
Familee Properties Inc
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Mallo Thomas P $10,250,000 First American Title
Nevell Michael J $6,150,000 First American Title Insu
Familee Properties Inc $2,925,000 Nevada Title Las Vegas
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2021 04/30/21 Sold $6,150,000 -11.5% --
03/31/2021 03/31/21 Pending -- -- --
01/02/2021 01/02/21 For Sale $6,950,000 -- --
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 $37,876 $3,724,455 $3,724,000 $455
2024 $37,876 $3,724,455 $3,724,000 $455
2023 $37,876 $2,415,453 $2,415,000 $453
2022 $35,071 $2,415,412 $2,415,000 $412
2021 $32,473 $1,529,887 $1,529,500 $387
2020 $30,149 $1,409,123 $1,408,750 $373
2019 $28,255 $1,409,148 $1,408,750 $398
2018 $26,950 $918,922 $918,750 $172
2017 $26,950 $918,750 $918,750 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Dale Ray Akridge

    Summit Club Realty, LLC

    (702) 970-2150

    8 in this area

    8 Total Sales

    Dale Ray Akridge
    Section Image

  • A

    Buyer's Agent in 2021

    Admin Assistant

    NON-MLS OFFICE

    (702) 260-1003

    120 in this area

    5,623 Total Sales

    Admin Assistant
    Section Image
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Source: Las Vegas REALTORS®

MLS Number: 2258829

Las Vegas REALTORS®

APN: 164-23-216-009

Nevada Clark County Summerlin South 89135

South Summerlin

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