A recent Las Vegas Realtors report shows local home prices rebounded a bit after stalling for months, while sales continued to slide.
The sale when it closes will eclipse the $25 million deal in 2021 for a newly built 15,000-square-foot home in MacDonald Highlands that sits on 1.26 acres
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.