An innovative Palm Springs estate uniquely designed to sustain an off-the-grid and self-sufficient lifestyle has been listed for $1,795,000.
Real Estate Millions
Las Vegas and Southern Nevada had a record 218 luxury resales in April, led by a $9 million sale, and a high-profile $3 million purchase in Summerlin by the daughter of the late Los Angeles Lakers owner Jerry Buss.
Led by a $6.5 million cash sale of a penthouse at Turnberry Place on May 5, Las Vegas had its most-ever highrise resales to start the year.
A $900 million luxury resort-style condominium project within the private guard-gated MacDonald Highlands is on track to begin site work in early June after the Henderson City Council gave the green light.
Buoyed by buyers looking for more open space in the pandemic era, Taylor Morrison has doubled down in Lake Las Vegas and purchased 122 acres over a span of six months and will open three new communities.
Luxury custom homebuyers now have more options than waiting up to two years to build their own home. Increasingly, they are choosing to work with licensed architects and builders who can deliver an evolved custom build experience — a completely unique and curated custom home in less time, with a more realistic price tag and without the many heartaches and frustrations that come along with a traditional custom build.
The 2023 New American Home is under construction at 19 Rockstream Drive in the Ascaya, a luxury Henderson residential community. The showcase home unveils to event attendees during next year’s IBS, Jan. 31-Feb. 2 in Las Vegas.
“The owners took influences from the beautiful places they’ve traveled and incorporated it into the overall design.” said Frank Napoli, owner/realtor of The Napoli Group, Berkshire Hathaway HomeServices, Nevada Properties. “This home is a showpiece, but it is also a comfortable place to live. It feels like a home.”
The late Bob Stupak, or the “Polish Maverick” as he called himself, is known as one of the first 100 risk-takers who moved to the area and built Vegas into what it is today.
Las Vegas set an all-time record in March for luxury home sales of $1 million and higher, led by an $11.4 million sale in Summerlin.
In a luxury segment with limited inventory, putting an aging million-dollar-plus home on the market doesn’t guarantee there’s a buyer, even with such high demand. Buyers, today, want the latest technology, high-end finishes and more open floor plans.
Former Las Vegas Raiders head coach Jon Gruden sold his Southern Highlands home and adjoining lot for $7.025 million, just below the $7.5 million asking price.
The Reserve at Red Rock Canyon is combining a resort to host weddings and events, along with a 16-home enclave in the Red Rock National Conservation Area that will feature homes in excess of $20 million.
Las Vegas real estate brokerages doubled the value and amount of luxury homes and condos transactions in 2021 and top four firms retained their same rankings as in 2020, according to research firm BrokerMetrics, which tracks Realtor transactions on the Multiple Listing Service.
Real estate deals involving Gene Simmons and Jon Gruden — but not Davante Adams — have kept the Las Vegas luxury real estate market buzzing in 2022.
1
2
3
4
5
Notorious Las Vegas killer Timmy ‘TJ’ Weber has died
Britney Spears back on the Strip for a quick trip
EDC Las Vegas rolls through Saturday night into Sunday morning — PHOTOS
$9M Summerlin mansion purchase tops record month for luxury home sales
Commute clash: Worst of EDC traffic may come Monday morning