In a town that usually saves its jackpots for the casino floor, a nearly 10-acre spread at 7330 N. Rainbow Blvd just scored one of its own. The Bill Tull-designed equestrian estate in northwest Las Vegas sold this month for $11.75 million, with the deal closing on May 21, 2026. The compound combines a main Santa Fe-style residence, two casitas and full-scale horse facilities, creating a rare working ranch just minutes from the Strip.
What the property includes
According to the listing, the property is built for serious horse people, not just casual trail riders. It features an Olympic-size covered and lit arena, a 16-stall barn with runs, seven pastures, two hot walkers, a round pen and multiple workshops, plus an eight-plus-car barn.
For off-saddle time, there are clay tennis courts, walking trails, a pool and spa, and a climate-controlled underground wine and whiskey bunker with room for about 4,000 bottles. The three structures total roughly 11,200 square feet, with the main house alone coming in at about 8,611 square feet, as detailed on Redfin.
Design and water rights
Built in 1993 and credited to adobe specialist Bill Tull, the estate brings a Southwestern architectural pedigree to the desert. It also comes with roughly 45 acre-feet of water rights, a major asset for a property of this size and use.
Listing agent Ivan Sher described the parcel as an “equestrian oasis” and called the water rights “golden,” according to the Las Vegas Review-Journal.
Sale timeline
The property first came to market in July 2025 with a $17 million asking price before the sellers started trimming expectations. Public listing records show it later dropped, including a $15.25 million ask earlier this year.
According to Zillow, the sale ultimately closed on May 21, 2026, at $11,750,000. Zillow and Redfin both carry the public listing history along with extensive photos of the compound.
Why it matters locally
Inside the Las Vegas valley, large, fully outfitted equestrian properties are scarce, especially those paired with significant water rights. For buyers who actually plan to keep horses or maybe nurture a small vineyard instead of a Strip-view infinity pool, those details are not window dressing, they are deal makers.
Ivan Sher told the Las Vegas Review-Journal that “good equestrian homes are hard to come by,” which helps explain the attention on a tract of this scale.
Public records and listing pages do not identify the buyer. The sale was recorded in the MLS and marketed by Ivan Sher of IS Luxury. For locals who care more about acreage and arenas than skyline panoramas, the Rainbow Boulevard property is a reminder that rare working estates still quietly trade hands on the outer edges of the valley.
