Celine Dion, a longtime resident of Southern Nevada, has sold her existing home in The Summit Club for a new Las Vegas record of $30 million. This is while Switch CEO Rob Roy has paid $33 million for 5 acres to build a luxury estate in the same Summerlin resort community.
There is a flurry of activity involving The Summit, which has been a top destination for entrepreneurs and celebrities, including actor Mark Wahlberg and Golden Knights owner Bill Foley.
Dion has been dealing with health issues that have kept her off stage. She bought the unfinished home in 2017 for $9.2 million and has never lived in it. Dion maintained her residence at Lake Las Vegas, according to Realtors who have knowledge of the deal. Dion paid $1.17 million for her Lake Las Vegas lot in 2002. The home and lot are now assessed at $4 million, according to Clark County records.
The Summit Club home sale was off-market, with the buyer being an LLC connected to Chuck Esserman, the president and founder of San Francisco-based TSG Consumer Partners.
This sale overshadows the $25 million deal in 2021 for a newly built 15,000-square-foot home in MacDonald Highlands that sits on 1.26 acres. That home was bought by Anthony Hsieh, the founder and chairman of LoanDepot.
Roy’s purchase at The Summit Club is the second-highest paid for luxury lots to build a custom home in the development, behind the $36 million paid by venture capitalist Marc Andreesen for 4.47 acres. Plus, there is Red Rock Resorts CEO Frank Fertitta III’s under-construction home in the Summit Club that is even larger and has the potential to be a $200 million home.
Once these homes are finished, they will be among the most expensive homes in the Valley.
Keep in mind that whether you are interested in buying or selling a home, a Realtor should represent you. This person is working for your benefit and will help you navigate through the buying or selling process. We have celebrated selling both new and resale homes for over thirty years.
We are here to answer any questions you might have; just email Jennifer at jennifer@smithteamlasvegas.com.
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