The most expensive home to sell in Las Vegas history has closed with a $25 million price tag, property records show.
The buyer was billionaire LoanDepot founder Anthony Hsieh, a LoanDepot representative confirmed to The Post.
Las Vegas-based developer Blue Heron purchased the empty lot in late 2015 for $2 million, according to property records, and built a show home on the property to exhibit their architectural flair to prospective clients. It was completed in April 2021, according to Blue Heron.
Even though the stunning space has sold, the developer is not done with it yet. In an unusual purchase agreement, Hsieh will have limited access to the home for 36 months as he leases it back to Blue Heron for prospective client tours. Blue Heron confirmed to The Post that it has negotiated two other similar arrangements in the past.
“This is a major deal for us, and we couldn’t be more happy about the way things turned out,” Blue Heron founder and owner Tyler Jones told The Post.
The three-level stucco home near the Sloan Canyon National Conservation Area, south of the city, spans 15,000 square feet with three bedrooms, four full bathrooms and four powder rooms, plus 5,000 square feet of deck space, according to Blue Heron.
“It’s the physical representation of our Vegas Modern design philosophy and way of thinking developed over 17 years,” Jones said, referring to the age of his company.
Guests approach the butterfly-roofed home up a gravel pathway to “The Canyon,” a pool of water with towering stone walls and step stones around a bend to reveal views of the Las Vegas strip and the Canyon, according to Blue Heron.
The sleek, three-level home is made of Metaquartzite stone, which is unique to Las Vegas. Design partner Walker Zanger sources the stone from the Mojave Desert, according to Blue Heron.
Pocket doors open to the two-story great room, which is surrounded by water on three sides and is integrated with outdoor landscaping. A freestanding fire floats in the coffee table, and the open floor plan seamlessly integrates with the kitchen, photos show.
“The main living space — how it’s connected to the water elements and the media den and the kitchen — is really functional and inspiring. When you enter the space, you get a really great reaction and hear the word ‘wow.’ It feels exciting and energetic but relaxed and calming,” Jones told the Post.
The ultra-luxe black glass, walnut, travertine and blackened steel kitchen area off the great room has built-in countertop touch screens and Wolf and sub-zero appliances. Behind the kitchen is a prep kitchen with a butler’s pantry, said Jones.
Beyond is the dining room with a wine closet and sweeping views. Also on the 7,800-square-foot first floor, the digital den has a 13½-foot LED screen and opens to the yard and the pool, according to Blue Heron.
The first-floor primary bedroom suite has a sunken sleeping area, a reflection pool, a raised closet, a kitchenette, a skylight and an open bathroom. The bathroom with floating (via wires) vanities opens to a private outdoor area with two showers and an additional bathtub, according to Blue Heron.
“The way it connects to the private outdoor space gives you a feeling that is pretty special,” Jones said. “When you go camping in the middle of nowhere, you get a feeling of peace, connection and serenity. So to the extent that we can dissolve the lines between architectural elements, that is conducive to calming and an effect of wellbeing.”
Upstairs, the 3,500-square-foot second floor has several bedrooms, including a sky suite is a bedroom accessed over a glass bridge. It offers a sitting room, a 40-foot-wide glass wall, a private balcony with two showers, a bathroom and access to a shared deck.
On the approximately 1,400-square-foot third floor, the sky lounge and deck offer panoramic views of the valley with wood ceilings and dark walls.
They have a reflective black bar, a DJ booth, seating areas, fire pits, massive pocket doors, 360-degree views and a “secret room,” according to a property fact sheet provided by Blue Heron.
“The third floor has a nightclub feel,” Jones added.
The rooftop deck has a lounge area with a built-in bed surrounded by agave-filled planters.
The 1.26-acre lot features a pavilion-inspired “office casita” spanning 540 square feet, property records show, plus two outdoor kitchens, three outdoor showers, an outdoor bathtub, three pools and panoramic views through “seamlessly connected breezeways and decks,” according to Blue Heron.
The 1,600-square-foot garage can hold up to 11 cars, offering a show-car display, Tesla charging stations and built-in televisions.
Breaking records
The Post could not find evidence to the contrary that more expensive homes had been sold in recorded Los Angeles history.
The most expensive residential sale in the area was previously recorded as a $17.55 million mansion west of Las Vegas in Summerlin and owned by magician David Copperfield.
Las Vegas luxury homes typically list for less than $1 million, according to the June 2021 Institute for Luxury Home Marketing luxury market report.
Synergy Sotheby’s International Realty’s Kristen Routh Silberman represented the buyer and the seller in the pricey transaction, according to Realtor.com.