Zak Bagans Purchased Famous Underground House
The property at 3970 Spencer Street sold for $4.55 million and will become a public museum.
Updated on Oct. 6, 2026 in Residential
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Local residents and history buffs can expect the 14,620-square-foot subterranean home near Flamingo Road to open for public access. Zak Bagans finalized the purchase of the residence for $4.55 million on October 5, 2026.
Why it matters
The sale preserves a unique piece of valley architecture built between 1974 and 1978 for businessman Jerry Henderson. By converting the space into a museum, the buyer intends to maintain the site while exploring the mysteries of the 26-foot-deep bunker.
The property sold for $4.55 million and sits on more than one acre, featuring a five-bedroom, six-bathroom layout located 26 feet below ground. The exact date for the transition into a public museum remains unknown.
The players
Zak Bagans
The buyer who intends to preserve the property and open it as a public museum.
Jerry Henderson
The businessman for whom the property was originally built in the 1970s.
Stasis Foundation
The organization that served as the seller of the 3970 Spencer Street property.
The details
The home, originally built for Jerry Henderson, was sold by the Stasis Foundation. Brokerage efforts focused on the property's history and preservation potential. Bagans plans to transform the site into a public museum, though no specific operational start date or zoning adjustments for public access have been provided.
Timeline
1974-1978: The Underground House was originally constructed.
October 5, 2026: The property officially sold for $4.55 million.
Beyond the Strip
This acquisition follows the preservation pattern established by the city's historic efforts to curate specialized landmarks for public interest. It marks a shift from private luxury living toward public historic tourism for the Spencer Street site.
Residents should monitor local property records and future city council agendas regarding the necessary permits for opening a public museum at the 3970 Spencer Street location. Increased traffic may be expected in the neighborhood once the site begins operations.
The takeaway
Future visitors should watch for updates regarding museum access and operational permits. The property remains closed to the public while the new owner begins the process of converting the historical bunker into a formal exhibition space.
Further reading
Learn more about local property trends in the Residential section.
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