Project plans filed with the city of Henderson show a three-story, ultraluxury house that would look strikingly similar to the Raiders’ practice facility and even, in some ways, Allegiant Stadium.
Housing
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Housing markets are always prone to ups and downs, especially in Las Vegas, and no boom lasts forever.
The typical rental rate of a Las Vegas-area home soared almost 23 percent year over year in July, compared with 9 percent nationally.
As it has become increasingly difficult to purchase a home in the Las Vegas area, industry sources say more buyers than usual in America’s casino capital are turning to Pahrump.
The three-story ultra-luxury estate in Henderson spans 14,207 square feet and is listed for the price of an apartment complex or office building.
The project on Blue Diamond Hill is smaller than past controversial proposals, but environmental advocates are still upset.
Sparrow Partners expects to open two new 55-and-older apartment complexes in mid-2022.
Las Vegas housing prices shot past $400,000 on the resale market for the first time last month, raising concerns that many locals might get priced out as home values keep setting new all-time highs.