A one-of-a-kind underground mansion in Las Vegas, concealed 26 feet below ground level, has been on the market for half a decade with no buyer in sight. Initially priced at $18 million, the property now has a new purpose thanks to its owners, the Stasis Foundation, who are reimagining it as a future public attraction.
A Price Drop and Market Challenges for the Underground Bunker
Originally put on the market in 2019 with an ambitious price of $18 million, the property saw several price reductions over the years, eventually dropping to $5.9 million – a 67% decrease. Despite this significant price cut, the mansion remained unsold. Owned by the Stasis Foundation, a nonprofit organization specializing in cryogenics and life-extension research, the property was ultimately taken off the market earlier this year.
A Modest Exterior Hides a Hidden World Below
To passersby, the property seems like an ordinary two-story home on a quiet corner lot just a few miles from the vibrant Las Vegas Strip. But the true marvel lies underground. The “Las Vegas Underground Mansion” sprawls over 15,000 square feet and features five bedrooms, six bathrooms, and even an artificial townscape designed to mimic an outdoor setting, complete with painted skies and lush, faux landscapes.
New Vision for the Property: Transforming it into a Tourist Attraction
Having held ownership of the mansion since 2014, the Stasis Foundation is now setting its sights on a fresh goal: opening the bunker to the public as a tourist destination. Rather than seeking another buyer, the foundation has initiated the process of rezoning the property from residential to mixed-use. This change would enable them to transform the space into a unique attraction. Frankie Lewis, director of events and business development for the foundation, shared that the organization is eager to invite visitors to experience the unusual charm of the underground property.
The Underground Mansion’s Historical Background
The bunker was constructed in 1978 by Jerry Henderson, an executive with Avon Products, who envisioned it as a secure, luxurious sanctuary for himself and his wife, Mary. Designed as a serene retreat away from the surface world, the property combined luxury with the peace of mind provided by its below-ground location.
What Lies Ahead for the Las Vegas Underground Mansion
While awaiting the rezoning approval, the Stasis Foundation is already making plans for the property’s future as a tourist destination. According to Dean Barry, the foundation’s executive director, in-person tours could soon be offered if the rezoning is successful. Specific tour details and ticket prices are still being finalized, but the foundation is looking forward to sharing this rare property with the public, allowing them a glimpse into a hidden Las Vegas treasure.
In its shift from a secluded luxury residence to a potential tourist hotspot, the Las Vegas Underground Mansion stands ready to become a memorable addition to the city’s unique lineup of attractions.