3970 Spencer Street, Las Vegas, NV 89119, Las Vegas, 89119 - 5 bed, 6 bath
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Las Vegas, NV 89119
Analysis of 3970 Spencer Street, Las Vegas, NV 89119 is currently available with a list price of $5,900,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Las Vegas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1978, the property is a 46-year-old 'time-capsule' with original kitchen and bathrooms. The pink fixtures, tiled countertops, fluorescent ceiling panels, and 1970s cabinetry are significantly outdated and require a full rehab to meet modern standards, fitting the >30-year age bracket for this category.
As the world’s largest 'Atomitat' luxury bunker, this property is a rare Cold War-era landmark offering unparalleled privacy and a one-of-a-kind subterranean living experience.
The estate features a massive underground footprint equipped with an indoor pool, putting green, theater, and a programmable faux sky, making it an elite venue for hosting.
Beyond a private residence, the property’s legendary status and unique layout provide significant potential as a high-end luxury rental, museum, or exclusive event space.
The highly specific 1970s 'time-capsule' aesthetic and subterranean design limit the pool of potential buyers, as evidenced by the extended 288 days on market.
Managing a large-scale underground structure with vintage systems and specialized features like the faux sky and subterranean pool likely entails high operational and upkeep costs.
One of America’s most extraordinary residences: The Underground House. Concealed 26 feet below ground, this 14,620 sq. ft. subterranean estate was built in the 1970s by businessman Jerry Henderson and architect Jay Swayze as the world’s largest “Atomitat” — a Cold War–era luxury bunker designed for self-sufficient living. Featuring a total 5 bedrooms, 6 baths over 2 homes (one above ground and one below ground), an indoor pool, putting green, theater, dance floor, bar, saunas, and a programmable faux sky, it recreates the feeling of being above ground while offering total privacy and security. Hand-painted landscape murals, sculpted trees, and retro 1970s design details create an immersive, time-capsule setting unlike any other. This is a rare investment opportunity — ideal as a private residence, event venue, museum, luxury rental, or cultural landmark. A true piece of Las Vegas history and a chance to own a property that is equal parts residence, attraction, and legend.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 6.0 | 0.0 |
| Square foot | 16,936 | - |
| Lot Size | 45,738 | - |
| Price | $5.90M | $474.8K |
| Price per sq ft | $348 | $257 |
| Built year | 1978 | 0 |
| HOA | $0 | $0 |
| Days on market | 327 | 526 |
Aug 29, 2025
$5,900,000
Initial Listing