What $18 million will buy you: Las Vegas’ most extravagant homes

Courtesy Photo

The eternity pool at an estate on Croix Street.

Homes are being sold at a brisk pace at the low end of the local real estate market as Las Vegas shows signs of a housing recovery. But there are killer deals to be had on the high-end, too, including a house in Summerlin that has dropped in price 36 percent in three years and is going now for, well, $18 million.

Brokers who specialize in high-end homes say there are signs of an uptick in the luxury market.

As of Aug. 16, 23 homes in Clark County had been sold this year for at least $2 million, according Kristen Routh-Silberman, a broker with Synergy Sotheby’s International Realty in Las Vegas. That's up from 16 total sold last year.

Last year, the highest reported sale price for a house was $6.35 million, for a home in the Queensridge area near Summerlin. The highest recorded sale price so far this year was $7 million for a house in the same neighborhood.

“The trend has definitely picked up in the high-end market,” said Carla Redmond, a broker with Simply Vegas.

Here's a tour of some of the most expensive – and fabulous – manses in the valley, their values readjusted from the boom years. We've also thrown in one estate that has nearly doubled in price over the past two years.

Real estate – it's a fickle industry.

    • A view of the back yard at an estate on Enclave Street.

      1701 Enclave Court, Las Vegas

      Current price: $18 million

      September 2008 price: $28 million

      Change: Down 36 percent

      Expensive Homes: Enclave Street Estate

      A view of the back porch at an estate on Enclave Street. Launch slideshow »

      Owned in a trust by businessman Jerry Herbst — from the Terrible Herbst chain of gas stations and convenience stores — this 13,349-square-foot house sits on an 84,506-square-foot lot that overlooks a golf course and mountains.

      The house has four bedrooms, eight bathrooms, a theater, a wine cellar, a gym and a four-car garage with an elevator that leads indoors. It features floor-to-ceiling glass panels and doors that “create a sense of visual transparency to the gardens and distant views,” according to a real estate listing. The front courtyard offers “the sounds of a running brook via a water rill from the upper guest-wing patio.”

    • A helicoptor view of an estate on Tomiyasu Street.

      7000 Tomiyasu Lane, Las Vegas

      Current price: $16.5 million

      November 2008 price: $21 million

      Change: Down 21 percent

      Expensive Homes: Tomiyasu Street Estate

      A helicoptor view of an estate on Tomiyasu Street. Launch slideshow »

      The Primm Compound

      The gates that lead to the estate owned by the Primm family open to reveal a luxurious 10-acre compound. Pop singer Michael Jackson had plans to make an offer on the $16.5 million estate on Tomiyasu Lane. Launch slideshow »

      Known as the Primm Compound, this 10-acre estate is owned by casino developer Gary Primm and his ex-wife, Carol.

      The 15,000-square-foot main residence has 28 rooms, an elevator and a 5,000-bottle wine cellar. It also has a trophy room — a multimillion-dollar collection of lions, a giraffe, an African water buffalo and other exotic animals killed on the hunt — with butternut wood paneling and automated recorded sounds of animals in the wild. The compound includes horse stables, a golf driving range, a 20-car showroom and an underground shooting range. The pool features waterfalls and a waterslide as well as a grotto bar and one-bedroom guest suite built into a cave behind the waterfall.

      Pop singer Michael Jackson was planning to buy the house shortly before his death in 2009.

    • A view of the back pool at Fred Segal's house.

      43 Rue Mediterra Drive, Henderson

      Current price: $15 million

      August 2010 price: $20 million

      Change: Down 25 percent

      Expensive Homes: Mediterra Street Estate

      A view of the indoor pool and hot tub at Fred Segal's house. Launch slideshow »

      This 9,328-square-foot home at Lake Las Vegas is owned by clothing retailer Fred Segal.

      The estate has four bridges that span two streams and waterfalls that circulate 4,000 gallons of lake water per minute. Inside, the home’s central feature is a glass-roofed atrium with a pool and jacuzzi. The house also includes a prep kitchen, main kitchen and library, along with fitness and meditation rooms.

    • The dining area at an estate on Vintage Street.

      26 Vintage Court, Las Vegas

      Current price: $14 million

      December 2010 price: $7.5 million

      Change: Up 87 percent

      Expensive Homes: Vintage Street Estate

      A view of the grand hall at an estate on Vintage Street. Launch slideshow »

      Owned by real estate developer Jack Sommer and his wife, Laura, this 16,649-square-foot house has 12 bedrooms, 15 bathrooms and a five-car garage. Each bedroom has a balcony or patio, and the Spanish Trail Country Club borders the backyard.

      The home was almost sold at a private auction in February, but the deal fell through. It was listed for $14 million but reportedly sold on the auction block for only $4.5 million. The deal never closed, however, and the house was put back on the market.

      Daryl DeShaw, the house's broker since April, said the buyer was from Asia and was unable to bring the money needed to purchase the home into the United States.

    • The eternity pool at an estate on Croix Street.

      587 St. Croix St., Henderson

      Current price: $10 million

      May 2009 price: $13.85 million

      Change: Down 28 percent

      Expensive Homes: Croix Street Estate

      A view of the dining area and kitchen at an estate on Croix Street. Launch slideshow »

      This MacDonald Ranch property measures only three-fourths of an acre, but this 13,706-square-foot house has plenty of perks. It includes seven bedrooms, 13 bathrooms and an eight-car garage with four climate-controlled spaces. It has a theater that can seat 18 to 20 people and a gym/dance room with a rubber mat floor. The house also features a 72-foot-long infinity edge pool, an outdoor kitchen and a billiards room with a wet bar.

    • A look at the home at 9021 Greensboro Lane.

      9021 Greensboro Lane, Las Vegas

      Current price: $9.9 million

      January 2012 price: $10.9 million

      Change: Down 9 percent

      9021 Greensboro Lane

      A look at the home at 9021 Greensboro Lane. Launch slideshow »

      This six-bedroom, eight-bathroom house in the Tournament Hills neighborhood of Summerlin offers 12,647 square feet of space with floor-to-ceiling windows, lush landscaping and city views. Features include a prep kitchen, butler's pantry, wine room, two-story library, elevator and mini-vineyard. The house also has six fireplaces, a seven-car garage, a gym and a sauna.

    • 8101 Obannon Drive, Las Vegas

      Current price: $9.6 million

      June 2008 price: $17.5 million

      Change: Down 45 percent

      Expensive Homes: Iron Horse Compound

      Launch slideshow »

      At 18,000 square feet, this house appears to be the largest luxury home currently listed in Las Vegas. It has 10 bedrooms and 15 bathrooms, not to mention a commercial kitchen, fitness center, sound-proof theater, aquarium and billiards room. The 7-acre estate also has three swimming pools (one indoor and two outdoor), a sports court, a model airplane runway, a rose marbled vestibule and koi ponds.

    • A look at the house at 9505 Kings Gate Court.

      9505 Kings Gate Court, Las Vegas

      Current price: $5.5 million

      August 2010 price: $12.5 million

      Change: Down 56 percent

      9505 Kings Gate Court

      A look at the house at 9505 Kings Gate Court. Launch slideshow »

      This 16,213-square-foot house has seven bedrooms, 10 bathrooms and an eight-car garage. The home features a library, wine cellar and theater as well as an elevator, gym and spa. There are laundry rooms both upstairs and downstairs and a double staircase in the foyer.

    • 3910 E. Russell Road, Las Vegas

      Current price: $5 million

      September 2009 price: $13.5 million

      Change: Down 63 percent

      Expensive Homes: Ford Farms

      Launch slideshow »

      This 11-acre equestrian ranch offers a 12,147-square-foot main residence as well as guest, trainer and staff houses. The main residence includes four bedrooms, five bathrooms, five gas fireplaces and a four-car garage. The compound also features three barns, a horse-breeding facility, a riding arena, water wells and a gazebo.



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    Discussion 4 comments

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    1. I can only imagine the Orwellian HOAs that must come with the neighborhoods where these homes are located.

    2. If I recall correctly, wasn't the late pop singer Michael Jackson interested in purchasing the Primm Compound on Tomiyasu?

      Enough already.

    3. Does anyone really need a house that costs 18 million? In my current neighborhood, you could probably buy 360 houses for $18 million (if they cost $50000). In my neighborhood, some homes have sold for as little as $20k. Imagine how $18m would help the school teachers who have to buy the basic supplies for their classrooms out of their pockets. Imagine how $18m could help control the stray pet population. I don't think that it is bad to have nice things but what a huge waste of money. And yes, I understand that the property taxes on the house goes toward public services.

    4. Please people don't waste water, fools.