Inspirada Las Vegas Henderson

This is a brand new planned that has opened for sales. In the way of background, Focus Property Group purchased this land at a BLM auction a couple of years ago, at what was at the time the highest price ever paid per acre for a parcel of this size. In order for this investment to pay off it has been necessary to configure this project so that they can build more homes per acre than has been necessary in the past. The new philosophy is sometimes called 'new urbanism" or "neo-traditional" This will involve smaller lot sizes in conjunction with extensive common areas.

After observing the initial construction of this community, it is my opinion that this concept is the future for true planned communities in this area. This is not just building houses closer together and throwing in a couple of parks. This is a totally new concept and esthetic. It truly does have an urban feel. I like the idea that you will be able to walk to one of these parks, walk your dog, have a cup of coffee, read the newspaper, visit with neighbors or have a sandwich.

This is the first of many planned village parks at Inspirada. Included are common area facilities, a lit walking trail around the perimeter of the park as well as a few retail locations for likely coffee shops, sandwich shops, mini-markets and such.

This community is 2,000 acres in all with seven villages to be constructed, each will be 200 to 250 acres in size. There will be an approximately 300-acre city center filled with restaurants, shops, offices and other commercial amenities. The builder represents that no matter where a person lives in Inspirada, they are within a pleasant walk from one of the many community parks. Streetscapes dominated by garage doors, according to the developer, do not exist at Inspirada. Innovative architectural guidelines compel other approaches to parking, so streets are characterized by the beauty of architecturally designed homes. This really looks to be a radical departure from what has been previously built in the Las Vegas Valley. Their "live work homes" with a commercial store front downstairs and living areas upstairs is totally unique to this area. I have seen some development where condos are built over commercial, but not where the living and working areas are combined. The builders participating at Inspirada will be Beazer, KB Home, Kimball Hill, Meritage, Pardee, Toll Bros. and Woodside.

The development of this community will be market driven. I do not believe that construction has proceeded as quickly as originally anticipated. I do think that, given the location and the planned amenities, that this community will eventually flourish. As of February 2008, the Las Vegas Journal has represented that the master developer, Focus Group, has stopped paying interest on their outstanding loans. What arrangements they may make with their lenders and how that may affect future development remains to be known. Additional communities are coming on-line irrespective of this issue.

As of May 3, 2008, Toll Bros., KB homes and Meritage have opened for sale. Free standing homes presently range from 1,524 sq. ft. to 4,005 sq ft. with base prices ranging from $191,990 to $559,950. Condo and townhomes range from 1,406 sq. ft. to 2,817 sq. ft. with prices ranging from $188,990 to $415,950. As more homes become available and more developers come on-line I will update this information. Toll Bros. have taken some large price reductions here over the last 30 to 90 days. Free standing homes reduced 21%+ and condo/townhomes even more, some at 36-37% off.

Note that the developer's of this community just received a zoning change for land in the center of this community that will allow for casino/hotel.

This is a conveniently located development. It is east of the I15 in the southern part of the valley. Commute to the strip area and airport should be relatively short. Infrastructure should be thin for awhile. Closest grocery stores and such will probably, for now, be just to the east of Seven Hills and south of Anthem. Both communities are just east of this new development.

Below is information courtesy of the developer with respect to the different home offerings to be available here.

Estate Homes
These grand single family residences stand at the pinnacle of inspired living. With an extensive selection of exterior architecture and an equally impressive array of floor plans, these homes are designed to give you the space, the stature, and the finishing choices you need to perfect your new estate at Inspirada.

Village Homes
Form and function come together in stirring harmony in our village homes. Each home is designed with innovations that recall the neighborhoods of venerable cities in the eastern U.S. and even Europe. When combined together in neighborhoods, the streetscapes created are appealing and intimate in a manner that simply has not existed in the Las Vegas Valley until now.

Garden Homes
If a touch of nature in the heart of civilization sounds appealing to you, the garden homes at Inspirada are well worthy of your consideration. These charming homes are configured to share an intimate, landscaped courtyard even as they provide the benefit of living within walking distance of the conveniences of a larger village.

City Homes
This home style brings all the comfort and convenience of city living to the suburbs. Since these attached residences have garages located near the rear of each property, the front architecture is free to exude style and character. The combined effect is a streetscape unlike anything ever seen in the Las Vegas Valley.

Mansion Homes
Designed with up to six residences joined together to appear as one massive home with estate-style composition and detailing, these homes offer the visual impact of a mansion with the conveniences of a condominium. The style is reminiscent of reconfigured mansions in cities like New York and San Francisco.

Live/Work Homes
These homes are designed to make the live-and-work-at-home lifestyle a reality. Front sidewalk access creates the opportunity for office and retail uses on the first floor, while the upper floors are intelligently crafted to make living "above the store" everything you've always imagined it to be.

Millie Fine
CENTURY 21 Aadvantage Gold
Toll free 1-888-449-3463
Home office 1-702-363-5599
E-Mail Millie!
millie@milliefine.com

Inspirada Henderson