by Every buyer shopping Summerlin luxury right now tells me the same thing: the homes are beautiful, but between today’s interest rates, solar leases, and SID assessments, the monthly payment math hurts. This Toll Brothers home in Summerlin West flips all three of those problems on their head. It carries an assumable 2.25% loan, the solar is paid off, and the SID is fully satisfied. That combination is close to extinct in 2026.
Here is the full walkthrough, and a plain-English breakdown of what an assumable loan actually means for your monthly payment. (This is informational only, not lending or financial advice, so always confirm the details with a lender.)
What Makes This One of the Rarest Summerlin Luxury Homes Right Now
When people compare Summerlin luxury homes, three things quietly wreck the monthly numbers: a 6-plus percent interest rate, a leased solar system you inherit, and a SID (special improvement district) assessment still sitting on the tax bill. This home answers all three. The loan is assumable at 2.25%, the solar is owned and paid off, and the SID is paid in full. Scarcity is the value here.
The Home at a Glance
- 5 bedrooms, roughly 4,250 square feet
- Built by Toll Brothers in Summerlin West
- Two bedrooms on the main floor, plus a large upstairs loft
- Within walking distance of the sought-after Vassiliadis Elementary
- Assumable 2.25% loan, paid-off solar, satisfied SID
- Two-car garage with ceiling storage and two water heaters
- South-facing backyard with a pool and spa
The Gourmet Kitchen
The kitchen is built for people who actually cook. It centers on a large rectangular island with extra cabinet storage underneath and a big single-basin sink.
- Two Whirlpool dishwashers (one for each side of the family)
- Five-burner Whirlpool cooktop with a hood that vents outside
- A pot filler over the cooktop, one of my favorite features
- Whirlpool microwave and digital Whirlpool double ovens
- An oversized Frigidaire double fridge
- A walk-in pantry with plenty of shelving, plus a mud room off the garage
Living Spaces and the Courtyard
Off the two-story entry with its high ceilings, you have a formal sitting room and a formal dining room, both opening to a private courtyard with a pergola for shade. The great room sits off the kitchen and is anchored by a gas fireplace set into a stacked-stone accent wall.
Bedrooms, Bathrooms, and the Primary Suite
Two of the five bedrooms are downstairs, including a set connected by a Jack and Jill bathroom with double sinks and a separating door. Upstairs, a large loft with surround-sound pre-wire overlooks the entry.
The primary suite has a covered south-facing balcony with views of the Las Vegas Strip and the mountains to the west, two walk-in closets with custom shelving and drawers, a large soaking tub under a window, a linen closet, and an oversized walk-in shower. The remaining bedrooms include an ensuite and direct-bath access, and there is a full upstairs laundry room with a sink and folding space.
The Backyard
The south-facing backyard is made for Las Vegas summers: a good-length pool with a spa that spills over for white noise, a covered patio extending from the upstairs balcony, retractable sun screens on the east and west sides, a barbecue stub ready for a built-in, and artificial turf for low maintenance.
The 2.25% Assumable Loan, Explained
Here is the part behind the headline. This home carries an assumable loan at 2.25%. An assumable loan means a qualified buyer can take over the seller’s existing mortgage at the seller’s rate, rather than financing at today’s 6-plus percent. On a jumbo-size balance, that can be a difference of thousands of dollars a month versus buying the same house at current rates.
In practice, you would bring the difference between the price and the loan balance as a down payment or secondary financing, and you still have to qualify with the lender. But the rate itself is locked in from another era. Paired with owned solar and a satisfied SID, it is the rarest combination I have walked into a Summerlin luxury home all year. Again, this is informational only and not lending advice, so run the exact numbers with a lender.
Who This Home Is For
This is a strong fit for move-up and relocation buyers, especially anyone relocating to Las Vegas from California who wants to stretch their dollar in Nevada, where there is no state income tax.
Frequently Asked Questions
What is an assumable loan?
An assumable loan lets a qualified buyer take over the seller’s existing mortgage at the seller’s interest rate instead of getting a new loan at today’s rates. You typically cover the gap between the price and the loan balance and qualify with the lender. This is informational only, not lending advice.
What does a paid-off or satisfied SID mean?
A SID (special improvement district) assessment funds infrastructure and normally shows up on your property tax bill. On this home it is paid in full, so you do not carry that assessment going forward.
How big is the home and how many bedrooms?
It is roughly 4,250 square feet with five bedrooms, two of them on the main floor.
Who built it and where is it?
It is a Toll Brothers home in Summerlin West, within walking distance of Vassiliadis Elementary.
Is the solar owned?
Yes. The solar is owned and paid off, so there is no solar lease to assume.
Curious About Summerlin Luxury Homes Like This?
If you are comparing Summerlin luxury homes, grab my free Summerlin Buyer’s Checklist. It is 27 things every buyer should check before purchasing out here.
I tour Summerlin every Tuesday, so if you are relocating to Las Vegas or moving up into Summerlin West, follow along for more homes like this one.
Amy Arbeli, Signature Real Estate Group
702-292-5904 | [email protected] | thearbeliteam.com
Free Summerlin Buyer’s Checklist: https://thearbeliteam.com/summerlin-buyer-checklist/
Listing courtesy of Andrew Enk, Sphere Realty. Amy Arbeli, REALTOR, Nevada License S.55419.LLC, Signature Real Estate Group. This is for informational purposes only and is not financial or lending advice. Information deemed reliable but not guaranteed; verify all details independently.
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