Vivint Founder Drops $21 Million at La Quinta’s Madison Club

A brand-new house in the Coachella Valley community of La Quinta has sold for $21 million, among the highest prices ever recorded in the area. Grant deeds indicate the buyer is an entity linked to Todd Pedersen, the Utah-based founder of the popular Vivint smart-home and security company. Back in 2012, Vivint was acquired by Blackstone for “north of $2 billion,” per Pedersen himself.

Located in the Madison Club, an exclusive golf community known for its celebrity residents, the mansion was built on speculation by prominent developer Gala Asher. Naturally, the nearly 12,000-square-foot structure is guaranteed to wow guests with its ultra-contemporary style, and it packs in all the bells and whistles one would expect.

At this price level, everything has to be the best. Thus, the property does not include an ordinary garage; instead it’s got a “world-class car display showroom” with room for 10 cars. There’s also a zero-edge pool that’s more akin to a small lake than just an ordinary swimming pool, and it’s open to grassy lawns and the golf greens beyond.

Other extraordinary features include no fewer than 17 flatscreen TVs throughout the home, bespoke cabinetry crafted in Italy, a whopping 16 different AC zones, seven fireplaces, both indoor and outdoor kitchens and custom Fleetwood pocket doors throughout.

LED-lit stairs or an elevator whisk occupants to the home’s second floor, which is entirely taken up by the gigantic master suite. Larger than many American houses, the 3,700-square-foot suite offers two fireplaces, multiple sitting areas, an infrared sauna, gym and dual closets and bathrooms, the latter with heated floors.

According to the listing, the main house and its separate casita were both sold fully furnished. Also included in the $21 million deal were 18 major art pieces purposefully selected for the home by Asher and his team.

Other current Madison Club residents include Lori Loughlin, Scooter Braun, Nike’s Phil Knight, Apple CEO Tim Cook and many of the Kardashians. With HOA dues of $1,652 per month, residents have full access to the community’s exclusive amenities — a clubhouse, five-star dining, spa facilities and much more.

Pedersen also owns a smaller but similarly contemporary house in Los Angeles, which is reportedly occupied by his adult daughter. But the Vivint founder, who also moonlights as a real estate developer, lives primarily in Orem, Utah, where he owns a contemporary mansion overlooking his own golf course.

The Pedersen family also owned “Knockers,” a giant and multimillion-dollar houseboat equipped with its own rooftop helipad, but that ship sadly sank in Lake Powell last summer.