Andre Agassi bought a Las Vegas land parcel for $6.5 million in 2018 and sold it for $18.15 million in 2026

Earlier this year, tennis legend Andre Agassi turned a piece of prime Las Vegas real estate into an $18.15 million payday. The 55-year-old former champion sold a vacant 1.8-acre homesite in the exclusive Summit Club community, earning nearly three times what he paid for the property in 2018. The deal offers a glimpse into the value of luxury land in Summerlin, where privacy, sweeping views and high-end amenities attract wealthy buyers. Yet the sale also reflects a personal change for Agassi, who reportedly reconsidered his plans for a sprawling family home as he moves towards a new stage of life.Andre Agassi earns $11.65 million from his Las Vegas property saleAgassi purchased the land for $6.5 million in 2018, according to property records cited by the Las Vegas Review-Journal. Its sale for $18.15 million represents a gain of $11.65 million before taxes, fees and other costs. The price highlights the appeal of the Summit Club, a guard-gated luxury community in Summerlin known for its large estates and exclusive facilities.The 1.8-acre parcel sits on the western edge of the Las Vegas Valley. Its elevated position offers broad views of the city and surrounding mountains, making it an attractive site for a custom-built mansion. The community also features an 18-hole golf course, a luxury clubhouse and an outdoor team that helps residents explore the region.Despite the property's potential, Agassi never filed development plans for the site, according to Clark County records. His brother and listing agent, Phillip Agassi, said the tennis star had initially considered building a large home there. However, with his children growing older, downsizing became a more practical choice.The sale also stands out because the buyer's identity remains undisclosed. The purchase closed in February 2026 through a series of limited-liability companies, making it difficult to establish who ultimately acquired the land.Andre Agassi's Summit Club sale highlights luxury real estate demandAgassi's property deal adds to the appeal of Summerlin, a master-planned community that has attracted affluent residents, including actor Mark Wahlberg. The Summit Club's privacy and extensive security measures help distinguish it from other luxury developments in the Las Vegas area.Tyler Brady, owner of Brady Luxury Homes, highlighted the community's security, saying, “You’re not getting into the Summit and not getting caught,” he said.Agassi built his fortune through a remarkable tennis career, winning eight major singles titles and an Olympic gold medal. He also earned more than $31 million in career prize money, while his wife, Steffi Graf, remains one of the sport's most celebrated champions.The $18.15 million sale shows how valuable a well-positioned piece of land can become in a sought-after luxury market. For Agassi, it also closes the chapter on a property he once planned to turn into a family home.Get the latest Sports News and Live updates. Download the TOI app.