Two high-rise projects have surpassed $800 million in sales in what will add more luxury inventory to the Las Vegas marketplace.
Real Estate Millions
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.
The high-rise condo market recorded its second highest average sales price in history during the second quarter and is off to a strong start in the third quarter with an $8.8 million sale at the Waldorf Astoria, the estate of Elaine Wynn selling her unit in Park Towers for $8.25 million and a condo in the Summit Club selling for $7 million. All three sales were in August.
Builders are targeting Summerlin with luxury townhomes and condos, and the master-planned community is also seeing an influx of attached homes that’s making it more affordable as well.
Royce Woods started building custom homes in Las Vegas in the 1970s, but it seemed every place he built, soon neighbors started sprouting up around him like Joshua trees. Not that Royce didn’t like company, he just yearned for a little more elbow room to ride his horses and let the dogs run freely.
George and Mimi Murdock knew they had come to the right place when house hunting in 2010 they found a gated compound with their initial stamped on the gates.
For a variety of reasons, one section of southeast Las Vegas is gaining the attention of residential and commercial developers but the main one may be that old real estate axiom, location, location, location.
Steve Messer said the five owners of the former Las Vegas Country Club home of gangster Frank “Lefty” Rosenthal, who was depicted by Robert De Niro in the film “Casino,” are part of a club.
The luxury home market in Las Vegas is on track to have its best year since the onset of the Great Recession.
Slow and steady gains and give the Raiders a little credit. That’s the description from Realtors and real estate analysts on the Las Vegas high-rise condo market nearly a decade after the market plunged because of the Great Recession and oversupply. Some are even pointing to the 2020 relocation of the Oakland Raiders as boosting sales.
The Strip high-rise condominium market continues its rebound and nothing epitomizes that more than what’s happening at Sky Las Vegas.
Ascaya, a luxury residential development in Henderson, opened its 23,000-square-foot, two-level clubhouse July 4.
An ultra-exclusive lot in The Ridges in Summerlin that’s been withheld from development for more than a decade is on the market for the first time.
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