A Summit Club home built by Blue Heron leads the way as the top listing in Las Vegas with an asking price of $32 million, and is one of eight homes on the market at the $19.9 million-plus range.
Real Estate Millions
Every inch of the home is carefully considered and designed using different textures, colors, light, ceiling treatments and sound. Even the transitions between rooms/spaces are designed and methodically considered.
Two high-rise projects have surpassed $800 million in sales in what will add more luxury inventory to the Las Vegas marketplace.
The ultra high-end luxury residential market slowed in August with a $7.6 million sale topping the market as higher-priced transactions are expected to pick up in the fall.
Renowned architect Richard Luke, AIA, creates custom luxury homes that embody a striking “wow” factor. His design for 665 Overlook Rim Drive takes the concept to a whole new level — actually, three levels.
The vibrant, Vegas contemporary interior renovation of 11436 Opal Springs Way drew its design inspiration from “The Peacock Sisters” — a painting by Spanish Artist Joselu Montojo.
A modern oasis designed to redefine luxury living in Palm Springs has hit the market for $5.2 million, with construction anticipated to be complete in spring of 2024. Dean Sipe with The Dean Sipe Group at Berkshire Hathaway HomeServices California Properties has been selected to represent the home, located at 3172 E. Bogert Trail in the highly sought-after Andreas Hills community.
Led by a $21.25 million sale in The Summit Club in Summerlin, the Las Vegas existing home luxury market recorded its best August in history and had its highest number of sales since June 2022.
Aided by price increases and strong demand at the luxury level, Las Vegas recorded its highest number of new-home sales in excess of $1 million during the first six months of 2023.
Usually, when a luxury mansion is placed on the market, the seller is looking to sell the whole property. However, this Lake Tahoe estate formerly owned by a casino icon is being listed for a for a 50 percent ownership.
There’s been a change at the top of the standings of luxury brokerages in Las Vegas through the first half of 2023.
As site preparation continues, a $1 billion resort-style condominium project in MacDonald Highlands in Henderson has announced it has 48 contracts totalling $260 million and will go vertical with the project in December.
Despite a national report that highlighted luxury listings in Las Vegas fell 36 percent during the second quarter — the largest decline in the nation — the valley’s luxury market continues to remain elevated in the ultra luxury category as evidenced by former MGM Resorts International CEO Jim Murren’s Summerlin home under contract after being listed for $17.75 million.
The home — powered by solar, propane and a Generac generator — is a self-sustainable off-the-grid property that provides all the conveniences of home.
Smart home products and services have evolved rapidly over the last 20 years to connect every niche of a luxury custom home with features limited only by the imagination of the homeowner.
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