Showcase home sells for $25M, smashing all-time Las Vegas record

A showcase home built by a luxury builder in the Henderson hillside development MacDonald Highlands has shattered the all-time Las Vegas sales record by going for $25 million.

Luxury Realtors monitoring the marketplace said the buyer is Anthony Hsieh, the founder and chairman of LoanDepot, a California-based non-bank consumer lender of home mortgages throughout the country. Clark County records weren’t immediately available to detail the transaction that closed late Friday afternoon.

Hsieh won’t immediately take possession of the home, but instead will lease back the property to Blue Heron to use as a show home, said Blue Heron CEO and founder Tyler Jones. He said he did not know how long that will be but that it will “be quite some time.” The home was designed to be an experience center for Blue Heron’s custom home division.

To read the full story by Valerie Putnam and Buck Wargo Real Estate Millions at the reviewjournal.com, click here.