Gary Tharaldson and Connie Tharaldson have listed for sale an eight-bedroom, 12-bath home at 9511 Kings Gate Court in Las Vegas for $10.9 million.

Gary Tharaldson and Connie Tharaldson paid $12 million on Aug. 1, 2007. The 15,816-square-foot house was built in 2003 in Southwest Las Vegas. It is located in Peccole Ranch subdivision. Merri Perry of Realty ONE Group, Inc. is the agent for the property listing.

Mr. Tharaldson is an entrepreneur and the founder of Tharaldson Companies, which was established in 1982. He is listed as among the 1998 Forbes 400 Richest Americans and his organization has grown to be one of America's largest developers of new hotels.

He earned his degrees in business administration and physical education from Valley City State University.

Gary Tharaldson and Connie Tharaldson sold a three-bedroom, 2.5-bath home at 37 Isleworth Drive in Henderson for $575,000 on Jan. 25, 2002, a four-bedroom, 4.5-bath home at 4 Bloomfield Hills Drive in Henderson for $1.725 million on on Aug. 14, 2002 and a three-bedroom, two-bath home at 2113 Feather Bush St. in Henderson for $190,000 on June 25, 2003.

According to BlockShopper.com, there have been 23,534 home sales in Las Vegas during the past 12 months, with a median sales price of $105,000.

Address: 9511 Kings Gate Court