Dr. Edward C. Allred bought a five-bedroom, 5.5-bath home at 11786 Alness Ln. in Las Vegas uninc. from J. Michael A. Cerneck for $1.35 million on May 13.

The Cernecks paid $1,750,000 for the property in Feb. 2008. The 5,100-square-foot house built in 2004 is in the Bard/Central Enterprise neighborhood. It is located in the Southern Highlands subdivision.

Dr. Allred is an obstetrician and gynecologist and co-founder of Family Planning Associates Medical Group in Rosemead, Calif. He is also the owner of the horse racing track Los Alamitos Race Course in Southern California.

He received his M.D. from Loma Linda University School of Medicine in 1964.

According to BlockShopper.com, there have been 36,453 home sales in Las Vegas Uninc. during the past 12 months, with a median sales price of $121,675.

Address: 11786 Alness Lane
Buyer(s): Edward C Md Allred and Allred Trust
Seller(s): J Michael Cerneck A
Sale date: May. 13, 2010