Veteran Las Vegas magician Lance Burton has pulled off a real estate encore in Henderson, reclaiming the castle-like mansion he built on a local hilltop and already lining up its next owner. His agent says Burton took the property back earlier this year through foreclosure and that the house is under contract in an off-market sale.
Burton reacquired the hilltop home through foreclosure in February, according to the Las Vegas Review‑Journal. County records reviewed by the paper show the deed returned to Burton after the prior buyer ran into financial trouble. The Review‑Journal also notes that major listing portals such as Zillow and Redfin have not shown the property relisted in the wake of the foreclosure.
Brian Shapiro, who represents Burton, told the Las Vegas Review‑Journal that Burton is already under contract to sell the home to a new buyer and called the foreclosure takeback "one of the last things he wanted." Shapiro said the current deal is being handled as an off‑market transaction rather than a formal public listing.
The castle on the hill
Built in 2006, the custom estate is estimated at roughly 14,000 to 15,000 square feet and includes six bedrooms, seven bathrooms and a two‑story library, as detailed by Realtor.com. The hilltop compound spans about 10 acres and is loaded with theatrical touches that mirror Burton’s stage persona, including a watchtower, secret doors and an indoor grotto. Those showy features helped turn the home into a national curiosity when it returned to the market in 2024.
Sale history and the loan behind it
Burton sold the property in 2021 for about $4 million to entrepreneur Tarek Tabsh, and county filings show Burton carried a $3.2 million seller‑held loan at the time, according to Homes.com. Tabsh later put the home back on the market with an asking price that climbed as high as $10 million in 2024, coverage of which appeared in outlets including Mansion Global. With the deed now back in Burton’s name and a new buyer reportedly lined up, the property has added another twist to its ownership saga in just a few short years.
Market context
The move unfolds as Las Vegas remains one of the nation’s fastest‑moving luxury markets. Redfin tracked roughly 16% year‑over‑year growth in the luxury tier through the three months ending April 30, 2026, a jump that has kept deep‑pocketed buyers active in trophy listings. At the very top of the market, off‑market deals and private transfers are still common, since discretion and speed often matter more than splashy exposure on the MLS.
Shapiro confirmed that Burton’s transaction is off‑market but did not discuss timing or price in the interview. For now, the hilltop castle stays a private, theatrical fixture above the valley as it quietly prepares to change hands yet again.
