Attorneys for Hsieh’s family filed court papers Monday showing the sprawling home is set to trade hands.
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The median sales price of previously owned single-family homes was $420,000 in November, up $10,000 from the prior month.
The county Planning Commission will consider Touchstone Living’s proposal to build around 1,300 homes on a golf course once owned by gambler Bill Walters.
The former casino mogul’s opulent estate in Summerlin spans 15,000 square feet and includes an art room, a crystal staircase, silk carpets, and marble pillars, according to listing materials.
Construction is underway on Wood Partners’ 228-unit project off Southern Highlands and St. Rose parkways, near the M Resort.
Home prices soared across the country at a record speed in July, though in Las Vegas, prices accelerated even faster than the national average, a new report shows.
Auric Symphony Park apartment complex will hold its grand opening Tuesday afternoon in downtown Las Vegas.
The median sales price of previously owned single-family homes was $405,000 last month, unchanged from the record high set in July.
Housing markets are always prone to ups and downs, especially in Las Vegas, and no boom lasts forever.
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.