Luxury Las vegas Penthouse in Summit Club Lists for $25 Million
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A luxurious penthouse in the exclusive Summit Club community in Summerlin, Nevada, has been listed for $25 million, offering unparalleled views and high-end amenities. Located just 10 miles west of the vibrant Las vegas Strip, Unit 204 at 11660 Summit Club Drive boasts five bedrooms, six bathrooms, and nearly 5,000 square feet of opulent living space. The property, owned by technology investor Richard Haddrill, was initially listed in June 2024 for $27.5 million and is now represented by Ivan Sher of IS luxury.
Exclusive Living in the Heart of Summerlin
Nestled within the prestigious summit Club, Unit 204 offers a unique blend of privacy and access to world-class amenities. The penthouse provides residents wiht breathtaking views of the Las Vegas Strip and the surrounding Red Rock Mountains. This prime location offers a serene escape from the bustling city while remaining conveniently close to its vibrant entertainment and dining options.
The Summit Club is renowned for its exclusivity and high-end residences. The community provides a secure and luxurious habitat for its residents, making it a sought-after destination for discerning buyers. the location, combined with the community’s reputation, makes this listing notably attractive to those seeking both tranquility and proximity to Las Vegas’s attractions.
Inside the $25 Million Penthouse
Unit 204 is a masterpiece of modern design and luxurious comfort. Spanning nearly 5,000 square feet,the penthouse features five bedrooms and six en suite bathrooms. A Crestron home-automation system controls the climate, lighting, and shades throughout the residence, ensuring a seamless and comfortable living experience.
Pocketing glass doors in every room open to multiple terraces, framing picturesque views of the city, mountains, and golf course. These expansive outdoor spaces provide ample opportunities for relaxation and entertainment. The integration of indoor and outdoor living spaces is a key feature, maximizing the enjoyment of the stunning surroundings.
The entry foyer leads to an open-plan great room, featuring a living room and dining area. A climate-controlled wine display adds a touch of sophistication,while a striking two-way fireplace connects the great room to a wraparound terrace. The terrace includes a jetted lap pool, a hot tub, and an outdoor shower, creating a private oasis for relaxation and recreation.
The sleekly designed kitchen is equipped with an eat-in island, top-tier appliances, and a walk-in pantry. The penthouse also features a couple of primary suites, each with its own terrace and luxurious bath. Two additional bedrooms have been converted into a theater and a media room, providing ample space for entertainment and leisure. These custom features cater to a lifestyle of comfort and entertainment,enhancing the property’s appeal.
Unparalleled Amenities and Services
Residents of Unit 204 enjoy access to a wide range of community amenities,thanks to a $5,843 monthly HOA fee. These amenities include a 70,000-square-foot clubhouse featuring valet and concierge services, dining facilities, a gourmet market, and a spa. The resort-style pool with private cabanas, a fitness center, and pickleball courts provide ample opportunities for recreation and relaxation.
Golf enthusiasts will appreciate the 18-hole Tom Fazio-designed championship golf course.The owner also has access to two parking spots in the attached garage, ensuring convenient and secure parking. The extensive amenities and services contribute to a hassle-free and luxurious lifestyle, making the high HOA fee a worthwhile investment for discerning buyers.
Property History and Ownership
The penthouse is owned by technology investor Richard Haddrill, the former CEO of gaming companies Bally Technologies and powerhouse Technologies, as well as the supply-chain software company Manhattan Associates. Haddrill purchased the unit in 2020 for $9.4 million while it was still under construction.
The property was initially offered in June 2024 for $27.5 million, but the current listing price is $25 million. Ivan Sher of IS Luxury holds the listing. The notable price recognition as 2020 reflects the growth in the Las Vegas luxury real estate market and the desirability of properties within the Summit Club.
unveiling the $25 Million Las Vegas Penthouse: A Deep Dive into Luxury Real Estate
Is the Las Vegas luxury real estate market truly as robust as this $25 million penthouse listing suggests? Let’s find out.
Interviewer (World-Today-News.com): Dr. Anya Sharma, a leading expert in luxury real estate trends and investment strategies, welcome to World-Today-News.com. This stunning $25 million penthouse in Las Vegas’s exclusive Summit Club has captured considerable attention. What makes this property, and the market it represents, so compelling?
Dr. Sharma: Thank you for having me. The Summit Club penthouse, listed at $25 million, is more than just a luxurious residence; it’s a prime example of the evolving landscape of high-end real estate investment. The compelling aspect lies not only in the property’s inherent luxury but also in its strategic location within Summerlin and its reflection of broader trends impacting luxury markets. The demand for exclusive, amenity-rich properties, especially in desirable locations, is soaring, and this penthouse exemplifies that trend.
Interviewer: The property’s previous list price was $27.5 million.What might account for this price adjustment, and what does this tell us about the current market climate for luxury properties in Las Vegas?
Dr. Sharma: Price adjustments in high-end real estate are frequently enough strategic.while a $2.5 million decrease might seem substantial, it’s vital to consider several factors. The current market, while buoyant, always has its nuances. A slight price reduction could be a tactical move to attract a wider pool of serious buyers while still achieving a high return on investment for the seller. It could also reflect the specific market conditions related to the property’s unique features and target buyer profile within the current landscape of the high-end segment. This is a common strategy in a market maintaining a healthy level of activity, as we currently see in luxury las vegas real estate.
Interviewer: Beyond the price, what truly makes this penthouse such a significant investment? Let’s break down the key features that drive its value.
Dr. Sharma: The value proposition of this property is multifaceted. Several key features contribute to its attractive nature:
Prime Location: Summerlin’s reputation for exclusivity and tranquility, combined with its proximity to the Las Vegas Strip, is a significant draw. This balance of seclusion and access to entertainment is highly sought after.
Exceptional Amenities: The Summit Club’s extensive amenities, including a 70,000-square-foot clubhouse, a championship golf course, and resort-style facilities, represent an unparalleled lifestyle. Thes amenities enhance the property’s value and appeal.
architectural Design and Interior Features: The penthouse’s modern design, expansive outdoor spaces, smart home technology, and luxurious finishes contribute to its high-end profile and desirability. Buyers are increasingly seeking homes that seamlessly blend indoor and outdoor living, as is the case here.
Investment Potential: Las Vegas continues to be a thriving destination for tourism and economic growth. This growth contributes to the increasing value of exclusive properties within established,high-end communities.
Interviewer: The listing mentions a substantial monthly HOA fee of $5,843.How should potential buyers assess this cost within the context of the overall investment?
Dr. Sharma: The $5,843 monthly HOA fee is certainly substantial, but this needs to be viewed in the context of the thorough array of services and amenities it provides. For a property of this caliber, this cost represents an investment in a lavish and convenient lifestyle, offering a level of service typically found in high-end resorts. Potential buyers should view this as part of the total cost of ownership, weighing it against the value delivered in terms of security, property maintenance, and access to exceptional amenities.
Interviewer: what insights can you offer to those considering a high-value purchase like this penthouse, particularly regarding due diligence and the investment strategy?
Dr. sharma: In the market for luxury properties,due diligence is paramount. Before investing, potential buyers should conduct a thorough financial assessment, including considering all costs associated with ownership including property taxes, insurance, HOA fees, and anticipated maintenance expenses. Engaging reputable real estate professionals, financial advisors, and legal counsel are crucial for a smooth and informed purchase decision. it’s also important to analyze market trends and compare similar properties to ensure a fair and competitive offer.
Interviewer: In closing, what is your overall assessment of the current luxury real estate market in Las Vegas, and specifically, what makes this penthouse such a stand-out property?
Dr. Sharma: The Las Vegas luxury real estate market remains robust, driven by consistent demand and significant economic activity. This penthouse represents the pinnacle of luxury living in the region. Its perfect combination of location, architectural design, amenities, and investment potential makes it a truly exceptional offering.
Interviewer: Thank you, Dr. Sharma, for these valuable insights into this notable listing.
Call to Action: What are your thoughts on this $25 million Las Vegas penthouse? Share your opinions and investment perspectives in the comments below! Let’s discuss!