Las Vegas Properties Blog

Summerlin has been the most popular and successful Las Vegas Master Planned Community for the past 15 years.  And, although this community in Las Vegas has had its challenges in today’s real estate market and national economic conditions, Summerlin shows signs of recovery!  Home sales have increased, both in the resale and the new home market, Summerlin retail and commercial real estate is looking up! 

During the 4th quater of 2010, the Summerlin area had 60,000 square feet of new construction in the commercial market.  The office vacancy in Summerlin was 22%, compared to the highest vacancy percentage in other Las Vegas communities.  Summerlin’s retail vacancy rate was only 5%, compared to the highest rate of 16% throughout the Las Vegas valley.

The Shops at Summerlin, a mega-shopping center planned by General Growth Properties Inc, is still on the drawing board.  The 100-acre parcel is planned to include a 1.4 million square foot regional mall with luxury anchor tenants – Dillards, Nordstrom, Macy’s and Crate & Barel.  The construction schedule for this development has not yet been released, but this development is sure to be exciting for all Las Vegas residents and visitors.

Tivoli Village at Queensridge, which is located adjacent to Summerlin, has opened with several restaurants, upscale retail shops, galleries and outdoor cafes and bistros.  New home builders are offering great prices and incentives on new homes being built in Summerlin, with prices being the lowest since this community opened in 1990.

If you are interested in new homes or resale homes in Summerlin, contact Las Vegas Properties at 1-888-876-8383 – or email terrilvp@cox.net 

Summerlin Beauty $120K Under Value!

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Beautiful Short Sale in Summerlin!  This home features a beautiful Pool, Spa, and custom features thoughout.  It is situated on a large corner lot in the popular community of Summerlin….close to schools, shopping, houses of worship, Red Rock Canyon and all of Summerlin’s community activities.

SHORT SALE!

The Seller is offering this beautiful 4 bedroom home for less than what he paid!  This is a “Short Sale” transaction.  If you are interested in learning how a Short Sale works, and how you can purchase beautiful home in Las Vegas for much less than market value, call us today at 1-888-876-8383 or 702-379-6627.  Or, email Las Vegas Properties at terrilvp@cox.net.

North Las Vegas Welcomes Aliante Station

North Las Vegas is one of the fastest growing cities in the country.  The popular master planned community, Aliante, is home to the brand new Aliante Station Casino and Resort.  Residents of North Las Vegas are really excited about this new addition to the community.  This “destination resort” is a $662 million development that will offer 202 rooms, 14,000 square feet of convention space, beautiful casino, sports book, a 16-screen movie theatre and 650-seat multipurpose showroom.

Station Casinos Premier Properties

The owners of Aliante Station opened Red Rock Resort two years ago, and Aliante Station was designed to give patrons the same upscale feeling in a more family-oriented setting.  The property will have a TGI Friday’s, Dunkin Donuts, Johnny Rockets and a unique lounge that is a combination of a nightclub and video poker bar.  Among the guest rooms are 9 larger suites offering living rooms with marble countertops and 65-inch flat-screen TVs.  The Access Showroom will offer tabletop searing and deep-booth seating, reminiscent of the “old” Las Vegas showrooms. Read the rest of this entry

TPC PGA Tour Summerlin

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 Last weekend Summerlin and Las Vegas hosted the Justin Timberlake Shriners Hospital for Children Open, formerly knows as the Las Vegas Invitational.  We are all proud of the community’s contribution to this great organization. 

Summerlin’s first golf course, TPC Summerlin, is the first PGA TOUR Tournament Players Club stadium golf course in Nevada.  Opened in 1991, this 18-hole, private championship course was designed by golf course architect Bobby Weed, with play consultant Fuzzy Zoeller.   Tiger Woods had his first professional win at the Las Vegas Invitational in 1996.

 SUMMERLIN GOLF COURSES

The popular master planned community of Summerlin is home to nine golf courses, including Nevada’s only two PGa Tour Tournament Players Club (TPC) courses.  Six of Summerlin’s villages are designed around golf courses, including The Hills South, The Canyons, The Ridges, Sun City, Red Rock Country and Siena.  The golf courses were part of the design of Summerlin to add recreational interest and picturesque settings for its residents.  I have sold many homes to buyers in Summerlin who love golf, or who enjoy the unobstructed views of surrounding mountain ranges and the Las Vegas “strip.” 

The second and only other Nevada TPC stadium golf course is TPC Las Vegas, formerly TPC Canyons, also located in Summerlin.  This daily-fee course opened in 1996 and was designed by Bobby Weed, with consultant Raymond Floyd.

Summerlin’s other popular golf courses are Bear’s Best, located in The Ridges, high above the Las Vegas valley, designed by Jack Nicklaus.   Red Rock Country Club, a private country club in Summerlin, was designed by Arnold Palmer.  Both courses are surrounded by beautiful semi-custom and custom homes priced from the high $600,000′s to several millions. 

Sun City Summerlin offers its residents a choice of 3 public golf courses, while Siena features one very popular public golf course Sun City Summerlin and Siena are age-qualified communities in Summerlin.

Whether you are an avid golfer, or a looking for a home with beautiful views and open spaces, Summerlin is one of the top choices in Las Vegas.  Las Vegas Homes and Condos can provide you with current inventory, pricing and details of amenities offered at every golf course and country club community.  Please call us today at 1-888-876-8383 or email terrilvp@cox.net.

Las Vegas Loves Summerlin!

For those of us who have been involved in the real estate industry in Las Vegas, we have appreciated the continuous success of the master planned community of Summerlin.  Summerlin was the concept of the Howard Hughes Corp, with development that began 20 years ago.  Summerlin’s master planned community model is one of the most successful in the country, for many good reasons.   Summerlin has won the award of “best selling master planned community in the country” for several years, and for good reason.

Summerlin’s Success

Summerlin has always emphasized recreational activities and outdoor facilities, having taken resident surveys to find out what is most important to its residents.  Of the 22,500 acres, Summerlin has 18 paks, several ball fields, tennis courts, swimming pools, community centers, miles of biking and hiking trails and other outdoor facilities.  These facilities fall under the oversight of the Summerlin Council, which serves as an umbrella over the 3 dependent associations that comprise the Summerlin villages.  There are also 3 independent associations that include Sun City Summerlin, Red Rock Country Club and Siena.  Sun City Summerlin and Siena are age-qualified communities, with golf courses and recreational activities for active adults. 

Summerlin Community Events

Annual art fairs, holiday celebrations, golf tournaments, cultural events and sporting events all contribute to the Summerlin lifestyle.  Summerlin is expected to be home to approximately 200,000 residents when the community is fully developed.  Home prices range from the $200,000′s to several millions.  There are new homes, resale homes, townhomes, condominiums and custom homesites within Summerlin.  If you would like more information about the fastest growing master planned community in the country, call Las Vegas Properties at 1-888-876-8383 or email terrilvp@cox.net.

 Las Vegas will be home to the new Jack Nicklaus Academy of Golf.  DragonRidge Country at MacDonald Highlands is the site for this exciting new golf academy.  Scheduled to open in spring 2009, the Nicklaus Academy is the leading golf instruction academy in the world.  This is really exciting news for the both residents and visitors!

MacDonald Highlands has recently opened its newest custom homesite community for sales.  This beautiful community overlooks the McCullough mountain range, high above the valley in Henderson, Nevada.  Just minutes from McCarran International Airport,  the community is close to the nightlife and excitement of Las Vegas.  These beautiful homesites provide a secluded lifestyle surrounding the DragonRidge Country Club, with beautiful views of the Las Vegas strip.  The club offers a spectacular golf course, two dining rooms, cocktail lounge, grand ballroom and luxurious spa and fitness center.  Residents will also enjoy ten acres of parks that include tennis, volleyball and basketball counrts, as well as beautiful hiking trails.   Homesites start in the $700,000′s. 

Las Vegas and Henderson Golf Course Homes

Las Vegas is home to some of the most beautiful golf courses in the southwest.  Whether you are looking for a Country Club home, golf course home or home near a public golf course, there are several choices in Las Vegas, Henderson and North Las Vegas.  Among the golf course communities are Summerlin, Southern Highlands, Anthem, Aliante, Lake Las Vegas, to name just a few.

 If you would like to learn of availability, current pricing and the details of amenities and community features, call us at Las Vegas Properties - 1-888-876-8383 or email terrilvp@cox.net.

North Las Vegas Announces New Projects

The City of North Las Vegas has announced several new projects in its effort to continue growing.  North Las Vegas has been popular for its residential development, such as the master planned community of Aliante and the community of Eldorado.  These newest plans involve commercial and industrial development that will add to the city’s popularity.  Aliante Station, the newest resort casino is due to open next month, and will employ more than 1,000. 

Downtown Redevelopment Plans

The North Las Vegas downtown redevelopment plan has achieved real progress this year.  The city spent $16 million for 12 acres for the new City Hall, while the Silver Nugget Casino serves ad the “showplace” of the city’s downtown redevelopment plans.  The Silver Nugget will add a 200-room hotel, movie theatres, upgraded gaming floor and restaurants, all designed to cater to local residents.  The city will also start on the Fifth Street Corridor, which will improve traffic flow and bring more people to the downtown area of the city.  Plans are under way for the Las Flores shopping center, which will include 350,000 square feet of retail space.  According to Mijewski, North Las Vegas economic development director, said that private developers have shown plans for at least $1 billion in new projects for downtown North Las Vegas, which is very exciting to all of us in the Las Vegas valley.

New VA Hospital

The new Veterans Affairs Medical Center will be built in North Las Vegas; plans include 90 acute-care hospital beds, 120 long-term nursing beds and an adjacent Veterans Benefits Administration building.  The center will also include beds for veterans in need of physical rehabilitation, or who suffer from other conditions.  The goal of this VA Medical Center is to bring together several treatment regimens and administrative support, improving overall patient care.  A federal advisory commission reported in 2004 was instrumental in the decision to build a new VA medical facility in North Las Vegas, so that VA patients can receive quality care in Nevada, as rather than going to California for care.  The location of this new facility was arranged  by a no-cost land transfer from the federal Bureau of Land Management.

North Las Vegas Industrial Park

Apex is a master planned industrial park that will create new jobs and business opportunities in North Las Vegas.  Apex will be a 20,000-acre master planned area that is starting with Industrial Properties Development’s industrial building of 475,000 sqauare feet.  The developer anticipates a total of 10 phases, totaling 20 million square feet of industrial space.  Apex is also trying to become a Foreigh Trade Zone, with the help of the Nevada Development Authority and Nevada International Trade Corp.  This designation would allow park tenants to receive raw materials without customs or duty fees until distributed.  This is a great benefit to distribution companies and will draw many companies to reloate to North Las Vegas.

If you are interested in the details of any of these projects, or are looking for commercial or residential properties in North Las Vegas, contact Las Vegas Properties at 1-888-876-8383 or email terrilvp@cox.net.  Las Vegas Properties is a proud member of the North Las Vegas Chamber of Commerce!

The Brookings Institution report last month named Nevada as one of five states that are poised to become a “new American heartland.” Rapid growth, economic and demographic changes in 5 “megametro” areas are reasons cited for this report.

Las Vegas

is among the cities named.

The region includes Nevada, Arizona, Colorado, New Mexico and Utah; this region “is growing up, flexing its muscles, and distancing itself from California, which historically has had an outsized impace on the West’s development,” accoridng to the Washington, D.C.-based Brookings Institution. Read the rest of this entry

Las Vegas Luxury Home Market

For the past year, the luxury home market in Las Vegas has been the only market unaffected by the real estate downturn. But, that has changed recently. It has been reported by Marketing Solutions consultants that the luxury market has declined in recent months. It is not that buyers are not wanting these homes in the $1 million-plus range, but that they are finding it difficult to find mortgages for those homes due to the ongoing mortgage crisis throughout the country. In the first 6 months of 2008, 161 luxury homes sold – which is less than half of the number sold during that time period of 2007. It is interesting to see how the Las Vegas real estate market has changed…in 1995 there were only 2 homes for sale that were priced more than $1 million. This city has changed so much with the addition of new communities like Summerlin, Southern Highlands, Anthem Country Club, Red Rock Country Club and MacDonald Ranch, Lake Las Vegas, etc.

Great Time To Buy Luxury Homes!

What does that mean? If you are a buyer who is looking for a luxury home in Las Vegas, this is the time to buy! As of June, Las Vegas had approximately 1,200 homes valued at $1million and higher. Most of these homes are now being offered at discounted prices. This is a great opportunity for buyers, many of whom are looking for these luxury properties as second homes or vacation homes. There is financing available, but buyers need to know where to look and how to approach the loan process. We have lenders who can help with financing these homes, so please call Las Vegas Properties if you are considering buying a luxury home in Las Vegas. You can reach us at 702-379-6627 or email terrilvp@cox.net.