A Canadian real estate executive and his wife bought a penthouse in the opulent One Queensridge Place towers, in what’s reported to be the most lucrative housing deal of the year in Las Vegas.
Dean and Marie Hoffman, who already own a condo at the property, recently purchased a 15,691-square-foot penthouse at the two-tower, Summerlin-area development for $7.7 million, property records show.
The sale closed Feb. 5.
The listing brokers announced the deal today, saying in a press release that they sold the mansion-in-a-high-rise to an unnamed “Canadian buyer.”
Besides being the most expensive home sale this year, it’s in the top five in Las Vegas for the past five years, according to the brokers.
The unfinished penthouse, dubbed the "Crown," was not sold as a speculative investment, as the buyer is a “real resident” who wants “to design their one-of-a-kind custom home at the top of the tower,” said broker Randy Char, founder of Char Luxury Real Estate and senior vice president of operations at One Queensridge.
Dean Hoffman is listed online as being the president of Edmonton, Alberta-based Delta Square Developments, a leasing and property management firm.
Property records show that he and his wife bought a 5,844-square-foot condo at One Queensridge in 2013 for $3.3 million. They still own it.
Dean Hoffman did not immediately return a call to Delta Square seeking comment.
The recently sold condo is one of four Crown penthouses at the 18-story towers on Alta Drive at Rampart Boulevard, 10 miles west of the Strip.
Each penthouse has 24-hour concierge service, a 15-car private garage, direct elevator access and seven terraces spanning 3,000 square feet.
The last available Crown is listed for $9.9 million.
One Queensridge, with about 220 homes, has ornate interior designs and resort-style amenities such as valet parking, indoor and outdoor pools, wine lockers in a climate-controlled cellar and a 23-seat movie theater.
Las Vegas-based EHB Cos. and Israeli conglomerate IDB Group developed the project.
The towers opened just as the roaring economy was about to collapse. Buyers grabbed about 150 new units in 2007 and 2008, but sales plunged to zero in 2009.
Char was hired in early 2012 to oversee sales and marketing, and he’s led a sharp turnaround in business.
Property records indicate that since November 2012, Char’s group has sold 62 developer-owned condos, with 38 selling for at least $1 million each.
Overall, the priciest deal was the Hoffmans’ penthouse purchase last month, and the third-most expensive deal was the Hoffmans’ purchase in 2013.