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.
It appears that baseball great Randy Johnson “The Big Unit,” is asking a big price — $25 million — for his Arizona estate.
Despite the fact that the 14,939-square-foot Liberace mansion is in the middle of restoration, Mr. Showman’s opulence and unique design taste are evident throughout.
It has been said that you cannot judge a book by its cover. The same goes for homes. The outside might not accurately convey what’s inside. This is the case with the biggest home on Shirley Street, where sitting beside average homes is a mansion where the world-renowned pianist Liberace lived.
Although high-rise condominiums have been a fixture on the Strip and downtown Las Vegas for some time, suburban high-rise and midrise homes are a relatively new thing. Not all projects made it out of the Great Recession, and some are now apartment complexes. But with the economic recovery, experts say the market is slower and more stable.
For the homeowner who’s looking to reside at the pinnacle of luxury living in Southern Nevada, there’s no finer example than a high-rise Crown Penthouse residence atop One Queensridge Place.
Downtown luxury high-rises have been on a roller-coaster ride since they were built in the mid- to late-2000s.
Editor’s note: This is the first of a four-part series this month on the Las Vegas luxury high-rise market. Next Sunday, we’ll look at how the downtown high-rise properties are faring.
Richard Luke may be a famous architect known for his designs of million-dollar homes all across Las Vegas, but that’s not what people remember about him.
Casino boss Gary Primm built more than a casino empire on the Nevada-California border town that now bears his name. He constructed a fortress for his family on Tomiyasu Lane in the southeast valley near Sunset Park.
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