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.
Real Estate Millions
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.
Led by an emerging luxury custom-home community in Summerlin called Ascension, Las Vegas homebuilders have sold 47 percent more homes during the first half of 2025 priced at $1 million and higher.
Southern Nevada’s housing market has shown volatility during the past few years with many highs and lows — in both sales numbers and prices. According to realty executives and statistics, 2014 was a year of continued recovery for this market.
A year ago, longtime Liberace fan Martyn Ravenhill was excited about his August 2013 purchase of The Showman’s former home. He was preparing for the challenge of preserving the mansion and the pianist’s memory.
One may wonder why Martyn Ravenhill decided to purchase the 14,939-square-foot Liberace Mansion out of foreclosure for $500,000 and to restore it for more than double the purchase price. For the businessman from the United Kingdom and Liberace fan, it was a desire to preserve its history and the memory of Liberace, and starting anew would be counterintuitive to this intent.
The soon-to-be-released Olympia Ridge hillside lots overlooking Southern Highlands Golf Club and Spa puts the woodsy enclave into a view category of its own.
About 400 people live on Mt. Charleston year around. Check out their digs.
When Garry Tomashowski, owner of Mount Charleston Realty Inc., isn’t selling homes on the mountain, he is engaging in his passion. He guts existing homes and starts from scratch. Tomashowski says he has refurbished about a dozen homes. His company purchases the homes based on their location.
If you haven’t been to Boulder City in the last year or so, you would notice immediately the change to the entrance where Nevada Highway and U.S. Highway 93 separate. Seated beneath an iron arch at the entrance to old town now is a winged allegorical figure seated on a cement block, a replica of those down the road at Hoover Dam. Also there are two side towers, representing the dam intake towers.
Longtime Las Vegas entertainer Frank Marino, who stars in “Divas” at The Linq, has purchased a home in Eagle Hills behind the Tournament Players Club golf course in Summerlin.
Luxury homeowners are spending more money on their kitchens because it is a good investment and adds value to their home. Check out the photo gallery for some of the valley’s most over-the-top kitchens.
Kristen Routh-Silberman is glad she moved earlier this year from her well-manicured Las Vegas Valley neighborhood to Calico Basin’s tranquil, picturesque desert setting. With the help of architect Richard Luke she is creating a family-centric ranch affectionately called the White Dove Ranch.
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