Summerlin’s Mira Villa reported $17. 1 million in condo sales for 2012

Mira Villa, in its first year on the market, generated $17.1 million in sales, according to Tera Anderson, the luxury condominium community's director of sales. The project is currently pacing at roughly three sales a month, with the average sale price of more than $475,000 for the 36 units sold, she said.

"There are four main reasons buyers are attracted to Mira Villa," Anderson said. "The absolute convenience of condominium living, without sacrificing space and elegance, is Mira Villa's tremendous appeal. That coupled with great amenities, a perfect Summerlin location and a personal and transparent sales experience is why the community has been so successful."

Anderson said that in the past few years Las Vegas has largely been viewed as an investors' market. Single-family homes, condominiums and commercial real estate have been consumed by out-of-state and international buyers seeking "buy-low" investment opportunities.

The trend has changed the dynamic of neighborhoods and communities, shifting from owner occupancy to rental properties.

However, many owners at Mira Villa are Las Vegas-area locals and 75 percent of the purchased units are owner occupied.

"There is a real community here. For residents, the benefit is counter to the recent market trend in the Las Vegas area, which, unfortunately, has seen numerous short sales and foreclosures. There is also pride of ownership in a quality project with a well-funded HOA (homeowners association) that is evident to our prospective buyers. The pricing and stable HOA give buyers an added sense of security," Anderson said.

"The project's owners, Condo Capital Solutions, are recognized as leaders in developments like Mira Villa," Anderson said. "Their system of due diligence when acquiring a property is thorough and focused on stabilizing the project in all aspects. This methodical analysis subsequently attracts buyers and mortgage lenders alike, looking for suitable projects in a tough market. Without a doubt, CCS's backing has contributed to our success in the post-recession, economic climate."

Mira Villa is a new and guard-gated, luxury condominium community located 15 minutes from the Strip in the heart of Summerlin, a 22,500-acre master-planned development renowned for its cultural offerings, championship golf courses, parks and trail system, schools and easy access to Summerlin Parkway and Interstate 15.

Mira Villa overlooks the TPC Las Vegas and Angel Park golf courses in The Canyons village.

It is near shopping, Summerlin Hospital Medical Center, the Academy of Nevada Ballet Theatre, Red Rock National Conservation Area and casinos.

The community comprises 21 midrise buildings constructed of concrete and steel with emphasis on sound abatement and state-of-the-art fire protection, Anderson said.

Amenities include panoramic golf-front, city, mountain and Strip views, private terraces, private two-car garages, private elevators, pool, spa, fitness center and outdoor barbecue areas.

A relationship with JW Marriott Las Vegas Resort & Spa allows owners to take advantage of discounted spa and salon treatments, nightly room rates, discounted food and beverages, complimentary shuttle service to the resort, complimentary golf concierge, in-home catering service, in-home housekeeping services and pool memberships and day rates.

Additionally, Mira Villa owners benefit from a relationship with TPC Las Vegas, which includes discounted rounds of golf and other amenities.

For more information, visit www.LiveMiraVilla.com or call 702-254-4647.