The luxury home market in Las Vegas is on track to have its best year since the onset of the Great Recession.
Real Estate Millions
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.
Wayde King and Brett Raymer, co-owners of Acrylic Tank Manufacturing and stars of The Animal Planet Network’s reality TV series “Tanked” have created strikingly unique ponds for their own homes.
As the temperatures soar, historically, Southern Nevadans flee the valley for northern cool spots such as Lake Tahoe, well-loved for its pristine blue water, sandy beaches and anywhere-but-Vegas feel. Some who own a retreat in the area have been gone for weeks already.
When one of a few penthouses in the luxury high-rise condo tower The Martin came up for sale, celebrity interior designer Kelli Ellis and her husband, John Spencer Ellis, quickly bought it and began planning her dream urban-style loft home. Nine months later they moved into their bold, punky penthouse that puts the Las Vegas skyline front and center.
Named the “World’s Best Party Room” by HGTV and featured on the network’s “Million Dollar Rooms,” Moon Crest Estate in MacDonald Highlands features a 6,300-square-foot, $4 million mega entertainment floor.
Ask people who have lived in Southern Nevada for some time and many are of the opinion that real estate has basically flatlined at Lake Las Vegas. But in reality, all those pockets of new-home construction you see popping up throughout the Las Vegas Valley, actually mirror exacting what’s also taking place at this 3,592-acre desert oasis built adjacent to a 320-acre man-made lake.
Don’t let the tranquil setting fool you. Over the last few years, there’s been a lot going on out at Lake Las Vegas.
Demand for homes downtown is high, LeVine says, but inventory is much lower this year than it has been for the past 10 years, because “there’s an intersection happening of the popularity of both midcentury modern architecture as well as the desire to live close in the urban cores of nearly every city in America.”
■ 66 Meadowhawk Lane – $3.58 million; 11,076 square feet. Parcel No. 164-14-414-007. Seller: Jeff Rosenblum. Buyer: Mey-Ting Kuo Ting and Raymond Ting.
A multimillion-dollar estate for sale in MacDonald Ranch in Henderson is the star of its own mini-movie, a short film with a script, actors and an original musical score. The 4-½ minute mini-movie is being used as a marketing tool by the homeowner’s Realtor to try and sell the $7,695,000 home, which spans 17,268 square feet and sits on 1.3 acres at 1187 MacDonald Ranch Drive.
There are a few homes in Las Vegas on landscapes that seem to transport you to a distant, non-desert locale. Tom and Shannon Love’s compound in the Queensridge, a master-planned community in the northwest, would be one example.
