As the Raiders finished a disappointing season and he prepared to move into a custom-built mansion in Henderson, team owner Mark Davis cashed in on the $10.5 million sale of a luxury Summerlin condo at the ultra-exclusive Summit. Club.
The buyer negotiated a deep discount off the asking price of $13.5 million. Nonetheless, Davis nearly doubled his money on the condo he bought, according to Clark County property records, in March 2021 for $5.3 million.
Summit Club Realty’s listing describes the three-story, 2,862-square-foot condo, completed in 2021, with two bedrooms, two-and-a-half baths, and two-car garage parking. The unit also has a great room with fireplace, kitchen, and balcony, while the master bath has been customized with a Raiders crest in the shower.
The listing shows two annual homeowners association dues, one of $20,160 and the second of $16,356, along with an annual tax bill of nearly $35,000. Winding through a veritable oasis nestled in the barren but beautiful desert foothills about 10 miles west of The Strip, The Summit Club is known for attracting well-heeled high rollers like Celine Dion, Mark Wahlberg, Marc Andreessen, Timothy Herbst and Bill Foley, owner of the Las Vegas Golden Knights.
Davis, who acquired the WNBA’s Las Vegas Aces franchise in 2021, considered several options in Las Vegas before the Raiders began 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 death in 2011 — paid $8.5 million for a 1.21-acre lot at the Summit Club, where he planned to build a custom house. However, he sold the lot in July 2020 for $10.5 million, and just days later shelled out $6 million for a 6.3-acre lot in Ascaya, another wealthy resort community in Henderson. Twenty-three miles southeast of the Summit Club, but just seven miles from the Raiders’ headquarters in Henderson, Ascaya is also home to Kiss rocker Gene Simmons.
Davis’ idiosyncratic new home, about which much has been written, was designed to resemble the Raiders’ practice facility and Allegiant Stadium. The sleek black-and-silver house, which will have three stories and unobstructed views of the Allegiant, is planned to be more than 15,000 square feet with a pool and an upper deck resembling a ship’s bridge. The street the house sits on has been renamed Sunset Strip, apparently at Davis’s request, according to local real estate sources, and the house’s rather curious address appears in public records as 77 Sunset Strip, the same name. than a television series about a Los Angeles private eye that aired from 1958 to 1964.