The community in northwest Las Vegas is designed to have around 3,000 homes and just under 30 acres of parks, trails and open space, according to a spokeswoman for one of the builders.
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Commissioners voted 4-3 to support the proposed ban, which would grandfather in short-term rentals already permitted by the city. The decision followed more than an hour of public comment, with a majority of speakers opposing the ban.
A Texas homebuilding giant has bought land in a North Las Vegas community that was cleaved off a larger, troubled project after the recession hit.
The idea to redevelop the east side of Maryland Parkway has been budding for at least 20 years.
Las Vegas is forecast to have the fastest rising home values in the country in the next year, according to a new report.
As home construction increases in Las Vegas, the luxury market is viewing energy efficiency as a necessity instead of an option.
The median sales price of a Las Vegas home in May was $250,000, up 3.3 percent from April and 13.3 percent from a year ago, a new report shows.
Cottonwood Lake Homes, a suburban-style subdivision in Searchlight, has street names like Aqua View and Shady Cove, and even some palm trees. But the failed project, a relic of the housing bubble, has far more empty land than developed.
Millions of dollars meant to help distressed Nevada homeowners stay in their homes at the height of the recession were squandered by a Nevada contractor on excessive rent, holiday parties, employee gift cards and other luxuries.
While Las Vegas is running ahead of 2015 in terms of home and condo sales, the limited supply has finally caught up with the market.