A penthouse in close proximity to the Strip has sold for a document-placing selling price as Las Vegas’ luxury housing market place keeps sizzling.

The just about 13,000-square-foot unit, occupying the total top rated ground of The Martin apartment tower, sold for $16.25 million, listing brokerage Elite Realty announced Thursday.

It did not title the buyer or the seller.

In accordance to the release, the rental is a single of the premier solitary-floor penthouses in the nation and features dual grasp bedrooms on just about every stop, three visitor rooms, 7 bathrooms, a qualified-grade health and fitness center with much more than $250,000 in machines, a steam room, a sauna and a customized stainless-metal cold plunge.

It was set up for sale in Oct at $18 million.

“Capture the dawn on waking up in the grasp bed room, and toast the sunset from the activity space, stopping to love the tailor made circular fish tank on the way,” the listing declared.

Southern Nevada’s housing market place has accelerated to its quickest tempo in several years with speedy revenue and record selling prices, many thanks in substantial portion to rock-base house loan rates that have permit customers stretch their budgets. Luxurious-house sales are a fraction of the over-all marketplace, offered the properties’ huge asking charges, but brokers who go mansions from one particular owner to the future have mentioned the small business has attained its most frenzied tempo in memory.

However, the penthouse was at a different level.

It marks a person of the most high-priced home income in Las Vegas background and, in accordance to Elite, the best price at any time in Nevada for a rental.

It traded above the $16 million that developer Jim Rhodes landed in 2019 for his southwest valley megamansion but down below the $17.55 million that famed magician David Copperfield shelled out in 2016 for a Summerlin estate on so-referred to as Billionaire’s Row, in the most high priced property sale at any time recorded in Las Vegas.

The Martin, 4471 Dean Martin Push, west of the Strip on the other facet of Interstate 15, stands additional than 40 tales.

Elite agent Michael McGraw, who marketed the penthouse, mentioned that he showed the unit quite a few periods — only to men and women with proof of funds — and that 3 provides came in.

“There was a lot of desire in it,” he explained.

The purchaser, McGraw pointed out, paid out income.

Call Eli Segall at esegall@reviewjournal.com or 702-383-0342. Follow @eli_segall on Twitter.