Andre Agassi Sells Summerlin Homesite for $18M
Tennis legend andre agassi has sold a 1. 8-acre homesite in the Summit Club in Summerlin for $18. 15 million, a deal that closed last month and returned nearly triple his original purchase price.
Andre Agassi Sale Details
The 55-year-old Las Vegas native, andre agassi, bought the parcel in 2018 for $6. 5 million and sold the still-empty site for $18. 15 million. His listing agent and brother, Phillip Agassi, confirmed the sale and said his brother initially expected to build a large home but has been moving toward downsizing as he becomes an empty nester.
Property records show the transaction was handled through a limited-liability company that shares a Las Vegas mailing address with the Andre Agassi Foundation for Education. No project plans for a residence were ever filed for the parcel, which offers ample elevation with sweeping views of the city in one direction and nearby mountains in another.
The buyer purchased the site through layers of LLCs and has not been publicly identified. Public filings indicate the purchasing LLC is managed by a second LLC with a nearly identical name, and the deed lists a Postal Etc. mailbox as the buyer’s mailing address. Two people are linked to the buyer in records, but one appears to work for a company that handles corporate paperwork and the other appears to be a paralegal for a law firm.
Summit Club Setting And Why The Sale Matters
The Summit Club sits off Town Center Drive south of Flamingo Road in the master-planned Summerlin community and is known for large mansions and high-end buyers. The neighborhood features a luxury clubhouse, an Outdoor Pursuits team for residents, and an 18-hole golf course with snack-loaded comfort stations. The vacant 1. 8-acre lot is large enough for a sprawling luxury house, which helps explain the premium price despite the absence of construction plans.
The sale is a notable windfall for a figure who accumulated major athletic honors, including eight major singles championships and an Olympic gold medal, along with more than $31 million in career prize money.
Las Vegas Albertsons Closing Sparks 50% Off Sale
A separate retail story unfolded in the same market: the Albertsons at 1300 E. Flamingo Road is holding a closing sale, marking most items at 50 percent off through its slated closing date of April 15. The store confirmed the discount and said magazines, glasses, gift cards and cigarettes are exempt from the promotion.
Shoppers have been filling carts as items run low or sell out, with eggs, deli meats, fresh produce and diapers cited as moving quickly. Madison Morales, who heard about the sale in a Facebook group, said she typically relies on food banks but took the opportunity to stock up on items that food banks do not always supply, such as cleaning products and single-serving snacks.
Meanwhile, a new Albertsons is under construction near the northeast corner of Decatur Boulevard and Elkhorn Road, with plans calling for the chain to take occupancy in the first quarter of 2027; the developer indicated the supermarket will determine the store’s opening date.
Both stories highlight active real estate and retail shifts in the Las Vegas area: a high-end land sale by a public figure handled through corporate entities, and a neighborhood grocery closure that has triggered deep discounts and heavy local consumer interest.
