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Lake Las Vegas
Homes and real estate

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!
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| 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 will close May 2. Casino Montelago, the only
gambling establishment, will close its doors March 14. The two public golf
courses at Lake Las Vegas have closed. The private South Shore Course is
still open. I opinion is that both Montelago and the hotel will eventually
be sold to other entities and will re-open. The shopping area,
Montelago Village, is still open. The 493 room Lowes Lake Las Vegas, on the
north shore, will remain open and, according to them, is performing ahead of
last years numbers. This is mostly all bad news. There are presently
1,700 homes and condos finished here. I would expect foreclosures to
dominate this marketplace into the foreseeable future. |
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| February 7, 20010. The sales
activity over the last 3 months reflects free-standing
homes closing escrow ranging from $225,000 to
$950,000
with a median selling price of around $375,000. Condo/townhomes
during the same period reflects sales from $39,900 to
$255,000. Of the 112 properties currently listed, 34 are
represented as short sales or
bank owned/foreclosures.
Sales of resale homes and condos had been slow at Lake Las Vegas
,but sales have picked up probably
as a result of the great foreclosure opportunities.
Resale free-standing homes have a median asking price of $291
per sq. ft. . |
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| There is only one builder offering homes here at the time of this
writing, February 7, 2010. These condo options are available with prices ranging from
$279,995 to
$474,995. Sizes range from 1,556 sq. ft. to 2,110 sq. ft. |
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| 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. |
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| There are a couple of downsides to Lake Las Vegas, other than
the present difficulities. One area of concern may be the lack of
convenient services. Other than specialty shops and restaurants
there is really nothing close-by. The closest shopping would be in a
much older residential area close to Lake Mead Blvd. and Boulder
Highway. |
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Millie Fine
CENTURY 21 Aadvantage Gold
Toll Free 1-888-449-3463
Home office 1-702-363-5599
E-Mail Millie!
millie@milliefine.com

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