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.
Real Estate Millions
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.
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.
Buoyed by buyers looking for more open space in the pandemic era, Taylor Morrison has doubled down in Lake Las Vegas and purchased 122 acres over a span of six months and will open three new communities.
Luxury custom homebuyers now have more options than waiting up to two years to build their own home. Increasingly, they are choosing to work with licensed architects and builders who can deliver an evolved custom build experience — a completely unique and curated custom home in less time, with a more realistic price tag and without the many heartaches and frustrations that come along with a traditional custom build.
The 2023 New American Home is under construction at 19 Rockstream Drive in the Ascaya, a luxury Henderson residential community. The showcase home unveils to event attendees during next year’s IBS, Jan. 31-Feb. 2 in Las Vegas.
“The owners took influences from the beautiful places they’ve traveled and incorporated it into the overall design.” said Frank Napoli, owner/realtor of The Napoli Group, Berkshire Hathaway HomeServices, Nevada Properties. “This home is a showpiece, but it is also a comfortable place to live. It feels like a home.”
The late Bob Stupak, or the “Polish Maverick” as he called himself, is known as one of the first 100 risk-takers who moved to the area and built Vegas into what it is today.
Las Vegas set an all-time record in March for luxury home sales of $1 million and higher, led by an $11.4 million sale in Summerlin.
In a luxury segment with limited inventory, putting an aging million-dollar-plus home on the market doesn’t guarantee there’s a buyer, even with such high demand. Buyers, today, want the latest technology, high-end finishes and more open floor plans.
Former Las Vegas Raiders head coach Jon Gruden sold his Southern Highlands home and adjoining lot for $7.025 million, just below the $7.5 million asking price.
The Reserve at Red Rock Canyon is combining a resort to host weddings and events, along with a 16-home enclave in the Red Rock National Conservation Area that will feature homes in excess of $20 million.
Las Vegas real estate brokerages doubled the value and amount of luxury homes and condos transactions in 2021 and top four firms retained their same rankings as in 2020, according to research firm BrokerMetrics, which tracks Realtor transactions on the Multiple Listing Service.
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