Tennis legend Andre Agassi has sold a spread of land in a wealthy Las Vegas enclave for a huge pot of money.
Agassi, a 55-year-old Las Vegas native, sold a 1.8-acre homesite in the Summit Club for $18.15 million, his listing agent and brother Phillip Agassi confirmed to the Las Vegas Review-Journal.
The sale, to a mystery buyer who purchased the site through layers of limited-liability companies, closed last month.
The Summit Club, off Town Center Drive south of Flamingo Road, in the Summerlin master-planned community, is packed with mansions and has drawn such buyers as movie star Mark Wahlberg.
Andre Agassi — whose wife, Steffi Graf, is also a tennis legend — bought the plot in 2018 for $6.5 million, property records show.
This means he sold the still-empty site for nearly triple his purchase price.
All this for a celebrity who racked up eight major singles championships, an Olympic gold medal, dozens of titles, and more than $31 million in prize money throughout his tennis career.
No project plans
Phillip Agassi, an agent with Brady Luxury Homes, said in an interview Tuesday that his brother initially thought he would build a big house on the site. But he is slowly becoming an empty nester, so it made more sense to downsize, Phillip Agassi said.
Located on the western edge of the Las Vegas Valley, the plot has plenty of space for a sprawling luxury house. However, the now-former owner never filed project plans for the site, Clark County records show.
The parcel has ample elevation, with sweeping views of the city in one direction and of nearby mountains in another, according to Phillip Agassi and Brady Luxury owner Tyler Brady.
Property sales records and business-entity filings do not show Andre Agassi’s name on either his purchase or sale of the site. But those deals were done through a limited-liability company whose Las Vegas mailing address is the same as the Andre Agassi Foundation for Education.
Shielded identity
Brady said his team cannot comment on the new owner’s identity.
The Review-Journal was unable to determine who was behind the purchase. State and county records show the new owner bought the site through an LLC that is managed by another LLC with a nearly identical name.
The newspaper found two people linked to the buyer in public records. But one appears to work for a company that handles corporate paperwork for clients, and the other appears to be a paralegal for a law firm.
Also, the buyer’s mailing address listed on the deed that recorded the sale, and on its business-entity filings, is for a Postal Etc. store in Las Vegas.
The store, in a retail plaza on Lake Mead Boulevard more than a mile west of Rampart Boulevard in Summerlin, offers mailbox rentals, document shredding and other services.
The Summit Club boasts a luxury clubhouse, an “Outdoor Pursuits” team that helps residents explore the region, and an 18-hole golf course with snack-loaded “comfort stations.”
The guard-gated community also has extensive security features. According to Brady, it has camera systems with infrared, night vision and motion detection.
“You’re not getting into the Summit and not getting caught,” he said.
Contact Eli Segall at esegall@reviewjournal.com or 702-383-0342.
