Hair growth formula inventor buys Henderson 2BD for $1.5M

Shane Malek bought a two-bedroom, 2.5 bath at 544 Regents Drive in Henderson from Jerry L. Coots for $1.5 million on Jan. 24, 2006.

Mr. Coots paid $198,000 for the property in Jan. 2003. The 3,526 square foot house was built in 2005.

Mr. Malek is the director of the Nevada Hair and Scalp Institute in Las Vegas.

He invented Scalp Med, a commercially marketed hair growth formula that is being marketed by Modern Health Labs in Culver City, Calif.

Home sales in Henderson dropped almost 27 percent in 2007 versus sales in 2006. The median sales price also fell from $350,000 to $325,000.

Address: 544 Regents Gate Drive
Buyer(s): Jerry L Coots
Seller(s): Jerry Coots
Sale date: Sep. 15, 2005