Mark Wahlberg bought Vegas land for $15.6m, sold it for $17.25m in 2024
Actor Mark Wahlberg sold two vacant lots in Las Vegas' exclusive Summit Club for $17.25 million, realizing a $1.65 million profit. He had originally purchased the land for $15.6 million in 2022 with the intention of building a family home.
Why it matters
The transaction highlights the high-end real estate market trends in Las Vegas, where exclusive residential communities continue to command significant premiums.
Mark Wahlberg bought 2.5 acres of vacant land in one of Las Vegas’ most exclusive neighbourhoods for $15.6 million in 2022. He hoped to build a family home, but the By Any Means actor never got around to construction. Instead, he sold the property two and a half years later for $17.25 million, pocketing a $1.65 million gain before expenses, according to a report by the Review-Journal.A private corner of SummerlinWahlberg snapped up the residential land in The Summit Club, a private community off Town Center Drive in Summerlin, the western suburb along the edge of the valley. The land sits in a “555-acre extraordinary sanctuary”, according to the club’s website. “The Summit Club is the only private residential lifestyle club community in Las Vegas.
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