The custom-built home has views of the entire Las Vegas Valley, including the Strip.
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More renters and a lack of construction is putting pressure on local real estate market.
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.
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.
More than 50 percent of Las Vegas-area homes that sold in April got picked up within a week of going on the market.
Nearly two years after developer Rich MacDonald sold DragonRidge Country Club in Henderson at his MacDonald Highlands development, he’s buying it back.