Mark Wahlberg Sells Las Vegas Townhouse In The Summit Club For $16.6M
$16,600,000
$2,274/SF
Building Size
7,300 SF
Asset Type
Single Family
Closing
Sep 30, 2023
AI
Mark Wahlberg sold his Single Family property in The Summit Club, Las Vegas, Nevada for $16.6 million. The property, spanning 7,300 square feet, was purchased just 13 months prior. The price per square foot for this transaction was $2,274.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $16,600,000
- Market: Las Vegas, Nevada
- Seller: Mark Wahlberg
This sale marks an interesting move for Mark Wahlberg, as he still retains ownership of 2.5 acres in The Summit Club community. It is speculated that Wahlberg may be considering future developments in Las Vegas, potentially transforming the area into a film production hub.
Players
Market Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93