The uber Summerlin resort community the Summit Club — the home to Celine Dion, Vegas Golden Knights owner Bill Foley and billionaires of industry — may be expanding beyond its 555 acres as the development seizes upon the strong demand that’s also permeated through the entire new-home luxury segments in Las Vegas.
Las Vegas placed four master plans in the top 11 and five in the top 25 in the nation, and homebuilding shows no signs of slowing down in those developments in 2022.
In the last two columns, I have talked about the roles of the homeowner and the homeowners associations’ management companies. Finally, we come to the role of the board of directors. By law, this role encompasses such legal terms as fiduciary obligations, duty of care, application of business-judgment rule, good faith (Nevada Revised Statute 116.3103). Board members sign a document for the state that they have read and understand the governing documents of the association and NRS 116 to the best of their ability. (NRS 116 31034 (15).
For more than a year, we’ve been breaking records virtually every month — especially when it comes to the rising price of homes sold here in Southern Nevada.
Taylor Morrison, one of nine national homebuilders developing homes in Summerlin, has announced the opening of Castellana in the district of Redpoint in Summerlin West. Located west of the 215 Beltway north of Far Hills Avenue, the Summerlin West area is now taking shape on a beautiful expanse of elevated land overlooking the valley with select vistas and vantage points throughout.
Juhl, the loft-style luxury condominium community that spans an entire city block in downtown Las Vegas, announces record sales of 21 condos valued in excess of $12,700,000 in December 2021, leaving fewer than 100 Juhl condo-homes remaining available for sale.
Paragon Life Builders, a private, locally owned homebuilder serving Southern Nevada, recently announced two new communities that will be opening this month in Henderson and the northwest. Paragon Trail and Paragon Equus will each offer generous single-story residences with high-end finishes on large homesites with recreational vehicle parking and no homeowners associations. These communities have been planned for those homebuyers seeking more space to live, work, and play in 2022.
Sauter Multifamily Group of Avison Young has announced the closing of the $105.9 million sale ($190,126 per unit) of AYA Apartments, a 557-unit property at 3600 University Center Drive.
A natural destination for Californians, Las Vegas offers what potential buyers are searching for: lower taxes, luxurious secure high-end communities, breathtaking views and incredible lifestyle amenities.
The Las Vegas high-rise market broke its all-time record in 2021 by more than doubling sales from 2020 and recording the highest price ever paid at $16.25 million for a unit at The Martin.
Some of Summerlin’s many special events are also geared toward healthy activities, including Tour de Summerlin — an annual cycling event that offers 40-, 60- and 80-mile courses through the scenic community and nearby Conservation Area; and the Summerlin Half Marathon, both scheduled to start and end at Downtown Summerlin this year on April 23. More information about these events is forthcoming.
The role of the community management company is spelled out in its management agreement with the association and the role of its managers spelled out in NRS and Nevada Administrative Code 116 state laws and regulations.
Pulte Homes has announced the grand opening of four, professionally decorated model homes at Talvona at Skye Hills, a walking-friendly, gated community in a northwest Las Vegas location, just an easy drive from great local retail, dining and many of the area’s most popular recreational opportunities.
Despite rising prices, Las Vegas homebuilders sold their highest number of homes since 2006 but shortages in labor, materials and land will continue to put a cap on growth in 2022 despite strong demand, industry insiders say.
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Christopher Todd’s luxurious holiday designs, ranging from $4,500 to over $65,000, grace the interiors of Las Vegas luxury resorts, celebrity homes and multimillionaire properties.
The Kentucky Derby is the Run for the Roses, but an equestrian lifestyle takes center stage at a Lone Mountain estate dubbed “The House of Roses” that has hit the market for $7.95 million.
A $600 million luxury resort-style condominium project is planned for MacDonald Highlands in Henderson, and if approved by the city would be the first high-rise built since the Great Recession.
Rising above the premiere Southern Highlands Golf Club community, behind the exclusive double gates of Augusta Canyon, 16 Oakmont Hills Lane is listed for $11 million through Ben and Natalia Harris of Las Vegas Sotheby’s International Realty.
