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Real Estate Millions

Luxury market slows in August; experts predict uptick in fall

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.

Vegas high-rise prices continue to increase

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.

THE LATEST
Sotheby’s slates second event in Vegas for 2017

London’s 1744 Sotheby’s Auction House founded the Sotheby’s International Realty in 1976. In 2004, Realogy Holdings entered into a business arrangement with the company and began to globally expand the business. It has 845 offices in 63 countries.

Las Vegas’ ‘Thriller Villa’ listed for $9.5 Million

When Aner Iglesias purchased the one-of-a-kind Spanish Mediterranean-style estate at 2710 Palomino Lane in 2004, the businessman knew that it was special. But at the time, he had no idea that the mega residence would garner international attention as “Thriller Villa” — the Las Vegas residence that music icon Michael Jackson was renting at the time of his unexpected death in 2009.

Couple create their own slice of Vegas with $1.5 million home — PHOTOS

Joe and Sharon Orzechowski built their own private slice of the Strip in their home at Legacy Estates. The two spent more than $11,000 to build and install a 12-foot, custom Cleopatra craps table manufactured by Pharaoh Manufacturing in California.

Private golf club community in Summerlin takes shape

In the rugged desert near the Red Rock National Conservation Area a private golf course community is quietly forming. You can see where the 18-hole, Tom Fazio course is being shaped into the heart of what will become The Summit Club, a ultra-luxury residential community near Tropicana Avenue and Town Center Drive, just south of The Ridges in Summerlin.

Southern Highlands offers a European feel

When Garry Goett and his team at Olympia Cos. starting acquiring land in the southwest part of the Las Vegas Valley in 1995, he envisioned someday creating a village-style community with the warm, cozy feeling of being “quietly close to everything.”

The next generation

Five local architects and architectural designers are changing the landscape of our valley by creating bold, contemporary designs that will possibly outlive them.

THE NEW LOOK OF VEGAS

The people who design and build our homes have their own lingo. They talk about “production homes.” They use terms like clean lines, thin profile, light and airy to describe a model house, not a supermodel.

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