Photo credit: The Las Vegas Underground House on 3970 Spencer Street is currently listed at $6 million after experiencing a 67 percent price drop in January 2021. It was listed for sale by Berkshire Hathaway HomeServices in 2018 and is currently one of the properties potentially being sold by Stephan M-LaForge
A Las Vegas residence, reminiscent of the Playboy Mansion, is struggling to find a buyer despite a significant $12 million price reduction. The famed ‘Las Vegas Underground House,’ initially listed at $18 million, hit the market again in February 2023 with a lowered price of $6 million. Originally built as a Cold War bomb shelter by Jerry Henderson in 1978, the property transformed into a party haven. Despite renovations by the Society for the Preservation of Near Extinct Species, who purchased it in 2014, the underground house, now labeled an ‘underground swinger house,’ faces challenges attracting buyers, with critics citing its lack of peek-through windows.
Photo credit: The Society for the Preservation of Near Extinct Species bought the house in 2014 for only $1.15 million. The Society made several renovations throughout the property that may have helped in increasing its market value. When first listed, the property was going for $18 million
The property, located on 3970 Spencer Street, is not only a unique home but also carries historical significance. Jerry Henderson, the director of Avon Products, built the nearly 17,000-foot underground shelter, which later became a pool party venue. The property underwent significant renovations by the Society for the Preservation of Near Extinct Species, aiming to make it more livable in modern times, complete with internet, cable, and cellphone reception.
Photo credit: The underground home was build 26 feet underground was decorated to fit any house trends that may have been popular in the 1970s. Despite all of the renovations, the society kept all of the decorations the same in every room. However, the essential fixes performed over the years were to make sure the underground home would get cellphone reception, cable, and internet
Despite the Society’s efforts to maintain the 1970s aesthetic of the house, it remains on the market. Tee Thompson, a society member overseeing the property, emphasized the preservation of the original style. However, the property’s unique features, like murals, pink curtains, and faux trees, might contribute to its struggle in finding a buyer, as some potential buyers may not be attracted to such distinctive elements.
Photo credit: One of the features that the home stull has is its classic bar that will let individuals know when it is open and closed. The bar can fit at least four people close to a game table with poker chip designed chairs
The underground house has not only historical significance but has also served as a set for Imagine Dragon’s 2021 song “Monday” and was featured on Netflix as one of the world’s weirdest homes. However, the property’s recent reputation as an ‘underground swinger house’ may have added an unexpected layer of complexity to its sale. ( 📈 “Mr. Trump Just Rose And Walked Out” Judge Reacts Following Trump’s Abrupt Exit leaving Everyone Stunned ) (dailymail.co.uk) The unique pool, disco ball, and other eccentric features have garnered attention, but finding a buyer willing to embrace its distinctiveness remains a challenge.
Photo credit: Jerry Henderson built the home in 1978 for his wife, Mary. Henderson was the director of Avon Products and founder of the Alexander Dawson Schools who lived in the home until his death in 1983. His wife had a regular-style house built on top of the underground home after her husband’s death and lived there until her death in 1989.
Despite the property’s intriguing history and the efforts to preserve its original style, the $12 million price reduction has not yet translated into a sale. The listing agent, Stephan LaForge, justifies the reduced price, stating that it reflects the cost to rebuild the new home. ( 📺 Woman Suffers A Stroke following Getting Her Hair Shampooed In A Parlour ) As this unconventional property lingers on the market, its fate raises questions about the intersection of unique architecture, historical preservation, and the preferences of potential buyers. Will this underground house, with its blend of history and eccentricity, find a buyer willing to embrace its distinctive charm?
Photo credit: The 5-bedroom, 6-bathroom home features spacious sleeping areas, some having pocket doors that will lead to what appears to be the outdoors. One of the notable features of the patio area outside the bedroom is the green carpeting and faux trees that are actually hidden steel beamsPhoto credit: Individuals hoping to do anything other than swim during possible pool parties can bust some moves on the smooth dance floor that comes with a pole and a disco ball. The dance floor is close to one of the pocket doors that lead to one of the rooms in the underground housePhoto credit: A touch of pink is featured on the rooms’ cabinets, floors, and curtain that gives off a girly vibe to individuals looking to whip up a meal or get a snack. Unlike many modern homes, there is not an open concept layoutPhoto credit: Although the underground home is beautifully decorated to fit any 1970s styled house, some of the features individuals won’t be able to see from the underground home includes a four car garage and laundry room. Others who prefer to stay underground can enjoy a bizarre looking barbecue, and two hot tubsPhoto credit: The ‘swingers’ home contains a variety of features fit for a great backyard. Some of the features currently featured in the home is a pool/spa waterfalls setup near the faux trees and green carpeting that are near beautifully painted murals. The pool is private and was one of the home’s original features in the 1970sPhoto credit: The underground home that was once the primary residence can now be accessed from the house Mary had built on top. Other updates such as nine air conditioners, heating units, and two ventilation systemsPhoto credit: The underground home is also surrounded by beautiful patio seating throughout the area that can be spotted near the pool and dance floor. Individuals can also catch a glimpse of another room. Although it appears to be a flat living space, the area is actually one of three stories that even has an elevator
