MDB Realty

What MDB Realty does

MDB Realty, Inc. is a privately held, boutique luxury real estate brokerage headquartered in Las Vegas, Nevada, founded in 2000 by Chairman and CEO Matthew Brimhall. The firm operates as a single licensed brokerage (Nevada corporation) with a team of 14+ licensed agents and support staff, specializing in luxury resort homes, high-rise condominiums on the Las Vegas Strip, multi-family development representation, and commercial and retail property transactions. Its underlying technology stack is non-proprietary: the company uses the Luxury Presence platform for CRM, website, and listing management, and Aryeo for virtual tour hosting — there is no internally developed technology, no public API, and no disclosed AI/ML capability.

The business model is a traditional real estate commission structure on transactions ranging from $300,000 to $75+ million, with the firm claiming sellers achieve $110,000-$300,000 per sale on average. Go-to-market is sales-led, enterprise-level field sales targeting ultra-high-net-worth individuals, international buyers (with active marketing campaigns in China, Australia, Europe, and Canada), and commercial investors. The firm has cultivated exclusive or near-exclusive sales partnerships with major developers including The Related Group, Trump Organization, Del American, Fifield, CB Richard Ellis, and the branded residential towers Waldorf Astoria Las Vegas, Veer Towers, and Trump International.

Distribution is anchored by direct sales through the 14+ agent team, supplemented by content marketing (blog, SEO, Instagram, email newsletter, video tours/vlogs) and PR coverage in outlets such as the Las Vegas Review-Journal and Vegas Magazine. MDB Realty has generated over $1 billion in cumulative sales worldwide, was named a Las Vegas Top 100 Producer for 2024, and its principal has been individually ranked in the top 1% of Las Vegas real estate professionals for four consecutive years (2022-2025). The company is tightly bound to its founder/CEO and has no institutional investors, parent company, or disclosed funding rounds.

Name

MDB Realty

Legal name

MDB Realty, Inc.

Website

https://mdbrealty.com/

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

MDB Realty is a privately held, boutique luxury real estate brokerage in Las Vegas, founded in 2000 by Matthew Brimhall, serving ultra-high-net-worth individuals with luxury resort homes, high-rise condominiums, and commercial properties through a 14+ agent team and exclusive developer partnerships.

Ownership category

akta.pro rank

Product category

Luxury Real Estate Brokerage

NAICS

Offices of Real Estate Agents and Brokers (53121), Offices of Real Estate Agents and Brokers (5312), Offices of Real Estate Agents and Brokers (531210)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Luxury & High-End Residential Brokerage (BPAJAAAC)

akta.pro secondary industries

Residential Real Estate Brokerage (Buy/Sell) (FSAEAJAA), Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

Keywords

• Luxury real estate brokerage
• Residential property sales
• High-rise condominium sales
• Commercial property services
• Luxury home sales

Headquarters

HQ city

Las Vegas

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Technology or R&D, Infrastructure

Revenue model

1. Real Estate Commission: Traditional real estate commission-based revenue from residential and commercial property sales, purchases, and leases. Transactions range from $300,000 to $75+ million.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

MDB Realty is a boutique luxury real estate brokerage that facilitates the buying, selling, and leasing of high-end residential and commercial properties in the Las Vegas market. The firm specializes in luxury resort homes, high-rise condominiums (Waldorf Astoria, Veer Towers, Trump International), and the acquisition and distribution of commercial and retail properties, serving both individual ultra-high-net-worth clients and real estate investors/developers.

Product overview

MDB Realty is a luxury real estate brokerage operating as a single unified service offering. The company provides comprehensive residential and commercial real estate services through several interconnected modules: core brokerage services for luxury resort homes, high-rise/condo sales on the Las Vegas Strip, and commercial/retail property transactions; supported by complementary tools including a property search portal, home valuation tool, virtual tour platform, and video blog content. The firm also partners with Terra Firma Development for custom luxury home construction at MacDonald Highlands, representing a combined development value of $950 million. The platform is powered by Luxury Presence and integrates virtual tour hosting through Aryeo.

Differentiator

Problem solved

Functional benefit

Brands

• Terra Firma: Custom-designed resort homes development project at MacDonald Highlands, Southern Nevada, with overall project development value of $950,000,000

Products and services

• Luxury Residential Brokerage Full-service boutique real estate brokerage representing buyers and sellers of luxury residential properties in the Las Vegas market, including resort homes, high-rise condominiums, and custom-built residences in exclusive communities.
• High-Rise & Condo Sales Specialized brokerage service for the sale and purchase of high-rise condominiums and penthouses on the Las Vegas Strip, including luxury towers such as Waldorf Astoria, Veer Towers, Trump International, Turnberry, and Allure.
• Luxury Resort Home Sales Brokerage service for the sale and purchase of luxury resort and custom-built homes in exclusive Las Vegas communities including Summerlin, Henderson, Centennial Hills, MacDonald Highlands, and The Ridges.
• Commercial & Retail Property Services Acquisition, disposition, and distribution services for commercial and retail properties throughout the Las Vegas valley, including multi-family residential development opportunities.
• Terra Firma Development (Custom Resort Home Development) Custom-designed luxury resort home development at MacDonald Highlands, the most exclusive enclave in Southern Nevada, with an overall project development value of $950,000,000. Operated as a sub-brand of MDB Realty.

Quantifiable outcome

• 664% increase in sales volume at Trump International
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

14 partnerships are on record, tiered core, major and minor.

• Terra Firma DevelopmentcoreStrategic or Co-development PartnerStrategic partnership with Terra Firma Development for custom-designed resort homes at MacDonald Highlands, the most exclusive enclave in Southern Nevada. The bespoke product offering has an overall project development value of $950,000,000.
• The Related GroupmajorStrategic or Co-development PartnerPartnership with one of the largest residential developers for luxury condominium projects.
• FifieldmajorStrategic or Co-development PartnerPartnership with major real estate developer for high-rise residential projects.
• CB Richard EllismajorStrategic or Co-development PartnerPartnership with global commercial real estate services firm.
• Northcap CommercialmajorStrategic or Co-development PartnerPartnership with commercial real estate brokerage.
• The Sunshine GroupmajorStrategic or Co-development PartnerPartnership with luxury real estate services firm.
• Del AmericanmajorStrategic or Co-development PartnerPartnership with multi-billion-dollar developer of luxury condominium high-rise communities throughout the US.
• The Trump OrganizationmajorStrategic or Co-development PartnerPartnership with Trump Organization for luxury residential projects including Trump International Hotel Las Vegas.
• Ladder CapitalminorStrategic or Co-development PartnerFinancial partner for real estate investments.
• Pordes ResidentialminorStrategic or Co-development PartnerPartnership with residential developer.
• SRFminorStrategic or Co-development PartnerPartnership with real estate development company.
• Waldorf Astoria Las VegascoreGTM or Marketing PartnerExclusive sales partner for Waldorf Astoria Residences Las Vegas.
• Veer TowerscoreGTM or Marketing PartnerExclusive sales partner for Veer Towers luxury high-rise condominiums.
• Trump InternationalcoreGTM or Marketing PartnerHistoric sales partnership with Trump International Hotel Las Vegas.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• The Agency: Global luxury real estate brokerage operating in Las Vegas with a focus on celebrity, high-net-worth and international clientele. Comparable because both compete for the same Strip high-rise, MacDonald Highlands, and Seven Hills luxury listings via a boutique-but-globally-marketed model.
• Rob Geller Realty / Turf-level Vegas Luxury Brokerage: Longstanding Las Vegas luxury agent and boutique brokerage operating on the Strip and Henderson luxury submarkets. Comparable as a competing boutique agent-led brand competing for the same pool of ultra-high-net-worth buyers and high-rise inventory.
• Las Vegas Sotheby's International Realty: Affiliated luxury brokerage serving the Las Vegas market with global Sotheby's referral reach. Comparable because both target luxury resort homes, high-rise condos, and international luxury buyers; MDB's Wendy Bass previously worked at LV Sotheby's before joining MDB.
• Luxe Realty & Development: Las Vegas boutique brokerage specializing in luxury homes, custom builds, and development projects. Comparable because both compete for high-end listings in the same Henderson/Strip submarkets and pair resale brokerage with developer relationships.
• Huntington & Ellis, A Real Estate Agency: Las Vegas luxury brokerage specializing in high-rise and custom homes in Summerlin, Henderson, and on the Strip. Comparable as a competing boutique firm focused on the same luxury buyer segments and exclusive communities such as MacDonald Highlands.
• Simply Vegas: Boutique Las Vegas luxury real estate firm serving Henderson, Summerlin, and the Strip. Comparable because both compete for the same mid-to-upper-tier residential luxury segment with similar boutique marketing-heavy approaches.
• The Ivan Sher Group / IS Luxury: Las Vegas luxury boutique brokerage led by Ivan Sher, focused on high-rise and luxury home sales on the Strip. Directly comparable as a competing boutique firm targeting the same ultra-high-net-worth and high-rise condominium segments; one MDB team member (Wendy Bass) previously worked there.

Broad incumbents

• Compass Las Vegas: Tech-forward national real estate brokerage with a Las Vegas presence competing for luxury agents and listings. Comparable as a competing platform for top-producing agents and luxury inventory, differentiated by Compass's proprietary technology stack and scale-driven commission model.
• Engel & Völkers Las Vegas: Global luxury real estate franchise with a Las Vegas office targeting luxury resort and high-rise buyers. Comparable because both leverage an internationally-recognized luxury brand and refer buyers across geographies into Las Vegas luxury inventory.
• Berkshire Hathaway HomeServices Nevada Properties: Large incumbent brokerage serving the broader Las Vegas residential and luxury market as part of a national franchise. Comparable as a competing channel for luxury listings and agents, though operating at broader scale with a less concentrated luxury-only positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/mbrimhall
• Facebookfacebook.com/mdbrealty
• LinkedInlinkedin.com/company/mathewdbrimhall

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MDB Realty