weather icon Partly Cloudy

One Las Vegas draws Californian buyers

California has long been a target market for Southern Nevada real estate given the Golden State’s high taxes, high cost of living, high home prices and traffic congestion.

Californians have been coming to Las Vegas in droves for an improved quality of life, and today, that is more true. According to a recent Redfin.com report, Las Vegas is a top destination for home searchers from California, and the largest share of incomers came from high-priced coastal cities, including Los Angeles, among others. And at communities like One Las Vegas, the twin 20-story condominium towers on the south end of Las Vegas Boulevard, Californians make up more than 20 percent of homeowners.

“Generally, gold is considered to be more sought-after than silver, but when comparing the homebuying markets of California — the Golden State — with Nevada — the Silver State — silver easily takes the win,” said Uri Vaknin, a partner at KRE Capital LLC, whose company, in partnership with Dune Real Estate Partners, purchased One Las Vegas in 2013 as DK Las Vegas.

“Not only are we seeing Californians uproot their lives for our city’s unrivaled 24/7 entertainment and dining, cost of living and less traffic congestion, they are choosing Las Vegas for their ability to get more for their dollar, especially when it comes to buying a home. At One Las Vegas, we offer more than just luxurious amenities, spacious floor plans and location. We offer a unique sense of community and energy unrivaled in the valley.”

According to a recently released report by realtor.com, there is tangible data showing Las Vegas to be the nation’s No. 1 market for real estate this year and that it’s expected to grow about 8.7 percent, nearly 2 percent more than the rest of the top 100 markets.

The Standard & Poor’s CoreLogic Case-Shiller national home price index released last fall revealed Las Vegas home prices rose 6.2 percent in September from a year earlier, the largest gain since June 2014, more evidence that Las Vegas homes are in demand. With One Las Vegas homes starting in the high $200,000s, pricing remains competitive, and buyers are encouraged to explore the community now, while residences are still available and interest rates low.

Best friends for 50 years, Cathy Conger and Suzette Stutton, both originally from Fountain Valley, California, bought in 2016 a two-bedroom home with mountain views and a floor plan that offered dual master bedrooms.

“Working with the One Las Vegas team made the process smooth and easy — from helping us select flooring upgrades, new appliances and walking us through the financing application process,” Stutton said. “They stood by us every step of the way.”

Globetrotters originally from Orange County, Ron and Shannon Bahra planted roots at One Las Vegas last summer, crediting the amenities, expansive views, spacious floor plans and the community’s lock-and-leave feature for their buying decision.

“Our passion has always been to travel the world, and ever since we moved into One Las Vegas, we have been living the dream. In just the first few months after moving in, we visited Argentina, Rio and even spent some time exploring the beautiful islands of the West Indies. With One Las Vegas’ security, we know our home and our belongings will be exactly as we left them,” Ron Bahra said.

And with the excitement surrounding the future home of the NFL Raiders, many die-hard fans, including Oakland, California, transplants Vivian Williams and LaVena Ward-Fowler are buying homes at the high-rise community, which is minutes from the site of the stadium.

Ward-Fowler, who jokingly refers to herself as a five-star woman, said, “I have always wanted to live in a high-rise community because of the lifestyle and amenities. My dad was a huge Raiders fan, so there is no better way to honor his legacy than to follow his favorite team to Las Vegas. I even have my own private storage, which is not only a rarity for a high-rise but a huge advantage for the belongings I don’t need every day but don’t want to let go. I wake up every morning and soak in the panoramic views of the mountains, and every night, I enjoy the glittering lights of the Strip from my balcony. I couldn’t feel more at home here.”

One Las Vegas homes range from 1,252 to 2,857 square feet and are priced from the high $200,000s with many floor plans offering views of the mountains and the Strip. A penthouse, offering 3,000 square feet of sweeping views, is priced at $1.1 million.

One Las Vegas is close to I-15 and the 215 Beltway and just minutes from McCarran International Airport. Town Square, just a few blocks north of the property, provides one-stop shopping and scores of dining and entertainment options right in the neighborhood.

For more information, call 702-405-9020 or visit the One Las Vegas on-site sales center at 8255 S. Las Vegas Blvd. or online at info@theonelv.com. The sales center is open Monday through Friday, 10 a.m. to 6 p.m.; Saturday from 10 a.m. to 5 p.m.; and Sunday from noon to 5 p.m.

Don't miss the big stories. Like us on Facebook.
Off-grid Palm Springs estate listed for $1.795M

An innovative Palm Springs estate uniquely designed to sustain an off-the-grid and self-sufficient lifestyle has been listed for $1,795,000.

Galaxy Park opens in Valley Vista in North Las Vegas

D.R. Horton’s Las Vegas division has announced the opening of the recently completed Galaxy Park inside the award-winning, master-planned community of Valley Vista. Division management, North Las Vegas city officials and distinguished guests marked the opening with a ribbon cutting ceremony May 18.

Downtown Summerlin’s new office building draws law firms

The Howard Hughes Corp., developer of the Summerlin master-planned community (MPC) and its 400-acre Downtown Summerlin, announces two new leases at 1700 Pavilion, a 10-story, Class-A office building under development at Downtown Summerlin. Clark Hill International Law firm will occupy Suite 500 spanning more than 13,000 square feet; and ER Injury Attorneys will occupy Suite 530 encompassing approximately 7,300 square feet.

StoryBook opens Libretto in Cadence

StoryBook Homes began sales for its third neighborhood, Libretto, at Cadence, a 2,200-acre master planned community in Henderson.

Summerlin celebrates women in community

Women’s History Month may be over, but the master-planned community of Summerlin continues to celebrate the accomplishments of women in its community who embody the Summerlin spirit of living their best lives, taking advantage of all the opportunities for happiness and success that the community offers.

Harmony Homes opens Quail Park in Cadence

Harmony Homes has begun sales in its second neighborhood, Quail Park, inside Cadence. Starting in the mid-$300,000s, the Southern Nevada-based builder offers two-story attached homes that are functional, stylish and designed to match the buyer’s identity.

Lake Las Vegas welcomes Reverie by Lennar

Lake Las Vegas’ newest neighborhood, Reverie by Lennar, has opened its model homes for preview. Reverie is one of several new-home neighborhoods coming to the award-winning Henderson master plan this year, with 105 single-story homes.

Trilogy opens model homes in two communities

Trilogy in Summerlin is opening two new model homes beginning May 7. Trilogy Sunstone is still celebrating the grand opening of its eight new model homes.

Howard Hughes Corp. donates to city’s tree initiative

The Howard Hughes Corp. donated $25,000 to the city of Las Vegas’ tree initiative “Going Green for Good Health” to fund more than 60 mature, park-ready trees that will be planted this year.

Richmond American unveils three Cadence neighborhoods

Richmond American Homes continues to expand its footprint at the Cadence community in Henderson by announcing its latest neighborhood offerings. The builder has two new neighborhoods in Cadence that are now beginning home sales, with a third on the way.