A’s Owner Buys 3rd Most Expensive Vegas Home Ever Sold

• John Fisher, billionaire owner of the A’s, dropped $30 million on a Las Vegas mansion last December
• That still doesn’t mean he’s going to drop $1.35 billion on a Las Vegas baseball stadium

John Fisher, the much-maligned owner of the formerly Oakland A’s, finally committed a portion of his personal fortune to relocating to Las Vegas. But only to relocate himself, not his team.

According to the Las Vegas Review-Journal, Fisher forked over $29.25 million for a house in the Summit Club, the gated community in the Vegas suburb Summerlin that also houses Bill Foley, owner of the Vegas Golden Knights, and where Las Vegas Raiders owner Mark Davis once once owned a lot that he sold in 2020 for $10 million.

The newspaper calls Fisher’s purchase the “third  most expensive home buy in Las Vegas history,” behind only LoanDepot founder Anthony Hsieh’s $35 million 2024 purchase and the $30 million Celine Dion made by selling her home to an undisclosed party in 2023. (Both of those sales were also in the Summit Club.)

Built in 2021, Fisher’s two-story home has seven bedrooms, 10 bathrooms, a three-car garage, a movie theater and a fitness/wellness room in 10,000 square feet of indoor living space, according to multiple real-estate listings.

Fisher, the billionaire inheritor of the Gap Inc. fortune, made the purchase three months before A’s manager Mark Kotsay paid $3.1 million for a house in the Anthem Country Club in Henderson, Nev.

Unreal Estate?

Though Fisher’s home purchase projects the image of the A’s financial commitment to building a new stadium in Las Vegas, that image may be all that’s behind it.

Though a “groundbreaking” was held on the former Tropicana site last month — for which construction equipment was rented merely as a backdrop for photo ops — an estimated $1.35 billion hole still exists in the financing for the new A’s ballpark.

Fisher has pledged to be good for it, in case he can’t find investors. (And, after nearly two years of looking, he has yet to announce any.) But building a $2 billion baseball stadium for one of the worst teams in major-league baseball seems a much riskier personal investment than dropping a mere $30 million on a luxury home that’s likely to increase in value.