Lake Las Vegas real estate

Lake Las Vegas

Homes and real estate

Lake Las Vegas homes for sale - Property search
Focused search reflecting only homes & condos currently listed for sale in Lake Las Vegas.

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. There is much new to report in Lake Las Vegas. Several builders will be coming on-line with a variety of projects. The master developer projects as much development at Lake Las Vegas in the next two years as in the past 13. “The Island,” the new 60-acre village to compliment the MonteLago Village is under construction. They are removing hundreds of thousands of cubic yards of dirt to create the channel that will separate the island from the mainland of LLV. Plans call for three hotel sites, approximately 1,200 condominiums, restaurants and shopping. Several new residential areas will be opening up including building on both sides of the mountain just south of the Lake. A new ingress egress to the community is planned. It will run from the west end of LLV down to Sunset Rd at Costco. This will be a great improvement. A shopping center is also in the works with a grocery store. Right now one of the downsides to this community is the commute necessary for groceries and such.

May 3, 2008. The sales activity over the last 6 months reflects free-standing homes closing escrow ranging from $597,664 to $3,625,000. Condo/townhomes during the same period reflects sales from $205,000 to $310,000. Of the 306 properties currently listed, 53 are represented as short sales or bank owned/foreclosures. That is up from 43 from two months ago. Sales of resale homes and condos have been very slow at Lake Las Vegas over the last few months with some significant increase in short sales and foreclosures.

7 communities are building here at the time of this writing, May 3, 2008. They are selling new product ranging from condos and townhomes to free-standing homes. Casa Palermo, Villa Palermo and Bella Fiore are in the process of construction in the proximity of The Falls Golf Club Base prices for these free-standing home communities range from $399,990 to $889,990 with home sizes ranging from 1,350 to 4,265 sq. ft. Good prices for Lake Las Vegas, but these homes are basically away from the lake area, hence the lower pricing. Tremezzo is selling in the north shore area with prices between $860,000 and $970,000. Home sizes range from 3,168 to 4,320 sq. ft. The Tremezzo prices have dropped substantially. The previous base prices ranged from $1,115,325 to 1,285,000. A number of condo options are available with prices ranging from $666,000 to $3,833,500. Sizes range from 1,600 sq. ft. to 4,100 sq. ft.

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.

Among Lake Las Vegas Resort's wealth of amenities are a collection of three challenging signature golf courses, spas, gourmet restaurants, 2 casinos, a convenient helipad, a full service marina with watercraft rentals and yacht cruises.

It is hard to think of a downside to Lake Las Vegas, other than the prices. One area of concern may be the lack of convenient services. Other than specialty shops, casinos 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.

Millie Fine
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