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Lake Las Vegas Homes and Real Estate

Lake Las Vegas

Lake Las Vegas Homes for Sale – Resales – Property Search

Focused search reflecting only resale homes condos currently listed for sale in Lake Las Vegas.
Includes search for foreclosed homes only!

Below is a showcase of some of the currently listed properties in Lake Las Vegas. This information is updated every 24 hours.

Google map of community – New feature! Shows location and boundaries. Zoom in or out at your pleasure.

As of April 7, 2017, the sales activity over the last 3 months reflects free-standing homes closing escrow at prices ranging from $300,000 to $986,900 with a median selling price of $528,000. Condo/townhomes during the same period reflected sales from $190,000 to $465,000 with a median selling price of $325,000. Of the 96 properties currently listed, three are represented as short sales or bank owned/foreclosures.Resale free-standing homes have a median asking price of $220 per sq. ft. Condo and townhomes have a median asking price of $184 per sq. ft.

Lake Las Vegas Resort is located in the southeast, between the Las Vegas Valley and Lake Mead, approximately 20 miles from the airport/strip area. It is built on 3952 acres and features 19 distinct neighborhoods including custom home sites, courtyard villas, waterfront and golf villas, resort condominiums, luxury executive homes and courtyard town homes. I would guess that approximately 50% or more of the available housing here at present would be condos and townhomes. The architectural designs throughout Lake Las Vegas Resort are based on a Mediterranean theme, featuring classical proportions and traditional detailing that create the distinctive enclaves surrounding a privately owned 320-acre lake with 10 miles of shoreline. The elevation at Lake Las Vegas ranges from 1,400 ft. to 1,700 ft. above sea level.

The Ritz-Carlton Lake Las Vegas has been closed. It has been purchased by Dolce Hotels and is now operating as La Ravella. Casino Montelago, the only gambling establishment at Lake Las Vegas, closed its doors March 14, 2010. It has now re-opened and is run by Intrepid Gaming. The two public golf courses at Lake Las Vegas have closed. The private South Shore Course is still open. The shopping area, Montelago Village, is still open. The 493 room Lowes Lake Las Vegas, on the north shore, is open and according to them is performing ahead of last years numbers. There are presently 1,700+ homes and condos finished here.

The range of housing options is huge. Homes range from a 450 sq ft. condo at MonteLago Village to custom homes well over 10,000 sq. ft. Condos alone range to over 4,100 sq. ft. MonteLago Village is a quaint shopping area with cobblestone streets and very much of an old world flavor to it. It is located between the MonteLago Casino and the Ritz-Carlton Hotel.

There are a couple of downsides to Lake Las Vegas, other than the present difficulties. One area of concern may be the lack of convenient services. Other than specialty shops and restaurants there little close-by. There is now some shopping, including a CVS pharmacy across from Tuscany on Lake Mead. A Smiths Center is under construction in the same area. Note: A new grocery store “New Seasons” is now open at MonteLago Village.¬† Additional good news! Galleria Dr. is now open from Lake Las Vegas to the I95 and shopping. Very close to Costco, Galleria Mall, the big box stores on Marks as well as the Sunset Station Casino. Previously, over the last many years, the only access and egress from Lake Las Vegas was Lake Mead Dr, which passed through older area and not convenient to much shopping.

Millie Fine, Realtor, ABR, SRES

Elite Realty

Direct: 702-363-5599

Toll Free: 888-449-3463

8625 S. Eastern Ave. - Las Vegas, NV 89123 - Contact Me

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