Buyers are paying premium prices for land in the Summit Club, a luxury enclave in Summerlin, Las Vegas. Over the past few years, developers closed at least a dozen homesite sales in a new section, totaling about $134 million for 20 acres—an average of $6.7 million per acre for empty land. Buyers must still build their own custom homes.
The largest transaction was by Switch founder Rob Roy, who bought a 5-acre lot for $33 million in spring 2023. Overall, this new expansion of the Summit Club covers more than 50 acres on the western edge of Las Vegas Valley and will eventually feature a collection of high-end mansions. As of last month, no homes had been built on these newly sold lots.
The Summit Club itself spans more than 600 acres and is known for its exclusivity, attracting notable buyers such as Mark Wahlberg and Raiders owner Mark Davis. The community offers a luxury clubhouse, fine dining, an 18-hole golf course, and extensive amenities. Summerlin as a whole covers 22,500 acres and is regarded as one of Southern Nevada’s most desirable and expensive areas.
Since it launched in 2014, the Summit Club has seen strong demand. By the end of 2021, 202 lots had sold for nearly $822 million, averaging over $4 million per lot. The recent expansion added another 50-plus acres for more than two dozen custom-home sites, with Clark County approving 28 single-family lots on nearly 58 acres.
Property records show that in the new section, developers closed eight sales in 2023, two more in 2024, and another two this year, amounting to $134.4 million in total sales.
High-profile transactions include Mark Wahlberg’s purchase of 2.5 acres for $15.6 million, a townhome for $14.5 million, and a single-family house for more than $21 million. Wahlberg sold the townhome for about $16.6 million soon after buying the house and later sold his land for more than $17 million after plans to build a custom home did not materialize.
The Summit Club continues to attract affluent buyers, with its blend of privacy, luxury amenities, and prime location driving intense demand and record-setting prices for undeveloped land.