As the Las Vegas Raiders wrapped up a disappointing season and he prepares to move into a custom-built mansion in Henderson, team owner Mark Davis has cashed in on the $10.5 million sale of a luxury condo in Summerlin, at the Summit Club, according to Dirt.
The buyer negotiated a steep discount on the $13.5 million asking price. Nonetheless, Davis just about doubled his money on the condo that was bought, according to Clark County property records, in March 2021 for $5.3 million.
The Summit Club Realty listing describes the 2,862-square-feet, three-story condo, which was completed in 2021, as having two bedrooms, two and a half bathrooms, and garage parking for two cars. The unit also has a great room with a fireplace, kitchen and balcony, while the primary bathroom was customized with a Raiders shield in the shower.
The listing shows two annual homeowner association fees, one at $20,160 and a second at $16,356, along with an annual tax bill of almost $35,000. Winding through a veritable oasis nestled into barren but beautiful desert foothills about 10 miles due west of The Strip, The Summit Club is well-known for drawing in high rollers such as Celine Dion, Mark Wahlberg, Marc Andreessen, Timothy Herbst, and Vegas Golden Knights owner Bill Foley.
Davis, who acquired the WNBA’s Las Vegas Aces franchise in 2021, considered several options in Las Vegas before the Raiders started play at Allegiant Stadium for the 2020 season after relocating from Oakland. In December 2017, the NFL scion—his father Al Davis owned the Raiders for 39 years before his 2011 death—paid $8.5 million for a 1.21-acre lot in the Summit Club, where he planned to construct a custom home. However, he sold the lot in July 2020, for $10.5 million, and just days later plunked down $6 million for a 6.3-acre lot in Ascaya, another wealthy, gated resort community in Henderson. Twenty-three miles southeast of the Summit Club but only seven miles to the Raiders’ headquarters in Henderson, Ascaya is also home to Kiss rocker Gene Simmons.
Davis’ idiosyncratic new home was designed to resemble the Raiders’ practice facility and Allegiant Stadium. The sleek black and silver home, which will stand three stories and have unobstructed views of Allegiant, will occupy more than 15,000 square feet with a swimming pool and an upper floor that resembles the bridge of a ship. The street on which the house sits has been renamed Sunset Strip, apparently at Davis’ request, according to local real estate sources, and the home’s rather curious address appears in public records as 77 Sunset Strip, the same name as a television series about a Los Angeles private detective that aired from 1958 to 1964.
