A cottage industry of private administrators, real estate agents, house-flippers and others cashed in on homes across Southern Nevada after the owners died.
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The Las Vegas City Council approved an agreement that calls for a five-story, 84-unit rental complex with commercial space in a segregation-era neighborhood.
The movie star bought a townhome for $14.5 million this month, following his purchase of a plot of land in the same wealthy enclave for an even higher price last month.
Shaquille O’Neal is looking to cash in on his luxury Las Vegas home. The 7-foot-1-inch basketball Hall of Famer put his 4,824-square-foot house near Sunset Park on the market this month.
The garden-style complex will feature a 3,000-square-foot clubhouse, a fitness center, a dog park, a playground and a pool area with cabanas.
The luxury house, which spans about 11,000 square feet and was priced at $13.5 million, is under contract to sell, according to its listing on Zillow.
Southern Nevada home prices were up 25.7 percent year over year in November, compared with an 18.8 percent gain nationally.
Instead of demolishing homes, builders sometimes give them to firefighters to burn in training exercises.
The typical rental rate of a Las Vegas-area home soared almost 23 percent year over year in July, compared with 9 percent nationally.
Home prices in Southern Nevada were up 10.6 percent year-over-year in March, below the national rate of 13.2 percent, a new report says.