A modern oasis designed to redefine luxury living in Palm Springs has hit the market for $5.2 million, with construction anticipated to be complete in spring of 2024. Dean Sipe with The Dean Sipe Group at Berkshire Hathaway HomeServices California Properties has been selected to represent the home, located at 3172 E. Bogert Trail in the highly sought-after Andreas Hills community.
Led by a $21.25 million sale in The Summit Club in Summerlin, the Las Vegas existing home luxury market recorded its best August in history and had its highest number of sales since June 2022.
Aided by price increases and strong demand at the luxury level, Las Vegas recorded its highest number of new-home sales in excess of $1 million during the first six months of 2023.
Usually, when a luxury mansion is placed on the market, the seller is looking to sell the whole property. However, this Lake Tahoe estate formerly owned by a casino icon is being listed for a for a 50 percent ownership.
There’s been a change at the top of the standings of luxury brokerages in Las Vegas through the first half of 2023.
As site preparation continues, a $1 billion resort-style condominium project in MacDonald Highlands in Henderson has announced it has 48 contracts totalling $260 million and will go vertical with the project in December.
Despite a national report that highlighted luxury listings in Las Vegas fell 36 percent during the second quarter — the largest decline in the nation — the valley’s luxury market continues to remain elevated in the ultra luxury category as evidenced by former MGM Resorts International CEO Jim Murren’s Summerlin home under contract after being listed for $17.75 million.
The home — powered by solar, propane and a Generac generator — is a self-sustainable off-the-grid property that provides all the conveniences of home.
Smart home products and services have evolved rapidly over the last 20 years to connect every niche of a luxury custom home with features limited only by the imagination of the homeowner.
The two-story home, known as Sky Summit, measures 8,936 square feet with seven bedrooms, six full baths, two partial baths and a five-car garage.
Flooring has come a long way from linoleum, invented by Frederick Walton in 1860, to colorful shag carpeting popular in the 1970s, to the upscale, high-end material used today.
The rooftop solar power industry is poised to surge again over the next decade in Southern Nevada. A federal Investment Tax Credit and other financial incentives make solar panel and energy storage installations more justifiable for homebuilders, while providing an attractive return on investment for potential homebuyers.
A mansion in Ascaya in Henderson sold for $20.5 million and comedian and actor Joseph Herbert, known as Jo Koy, paid $10 million for a three-story home in The Ridges in Summerlin to lead the valley’s sales in June.
The family who bought Siegfried and Roy’s original Las Vegas home to preserve it as a shrine are putting in as much as $1 million in renovations and furnishings.
Outdoor kitchens have become a hub for this desert lifestyle. An outdoor cooking island is a sculpture of industrial art as well as a robust, weatherized food preparation center.
