Lennar retained its top spot as the No. 1 Las Vegas builder and Summerlin remained the top master plan during the first quarter of 2023 as builders closed out March with their best sales in a year despite elevated mortgage rates.
The four-level custom estate once served as a secondary residence to magician and entertainer David Copperfield for four years as part of his MGM contract.
Undefeated boxing champion Devin Haney set to defend his undisputed lightweight title May 20 at MGM Garden Arena paid $4.7 million for a MacDonald Highlands mansion while Golden Knight Alexm Pietrangelo paid $5.32 million for a Summerlin home. Meanwhile, poker player Phil Hellmuth has listed his home in Las Vegas Country Club.
The rise of mortgage rates over the past year has increased the percentage of people who are paying cash for their newly constructed homes, especially at the upper end of the market.
A lack of land in Las Vegas is pushing more industrial developers to the outlying area where more land is available for their projects.
The Penta Building Group and its strategic partner All 5’s Construction commenced a multi-city safety tour, hosting three major events bringing together more than 1,000 construction professionals.
One luxury home on the tour was custom-built by casino executives Frank and Shirlee Schivo. In October 1952, they opened and operated the Sahara, and, according to their son, were hands-on and would greet guests.
KISS rocker Gene Simmons and a home of the late Siegfried and Roy highlighted the top sales in Las Vegas in March when the luxury market showed signs of a rebound.
The sale of lots for custom homes slowed in 2022 with the economy and higher interest rates, but actor Mark Wahlberg led the way, spending $15.6 million in The Summit Club for 2.5 acres.