Summerlin

This is by far the largest planned community in the Las Vegas Area at 22,500 acres ranging from Cheyenne Ave at the northern end to just south of Russell Rd. On completion it will include 30 separate and distinct villages with over 64,000 homes and a projected 160,000 residents. It features parks, pools, ball fields, tennis courts, walking trails, schools, hospital, golf courses, commercial centers, shopping centers and 22 public and private schools . There are presently 150 miles of trails and over 100 parks, 12 of which are considered major. There are 17 villages finished or under construction including "The Ridges", "The Vistas", "The Paseo", "The Mesa " and "Summerlin Centre Village" which are in the process of development. The initial construction was to the north with the current construction farther south, south of Sahara and West of Hualapai. The next village will be west of the 215, north of Lake Mead and South of Cheyenne. This village, called Reverence, will be farther north and west than any of the previous development. It will be directly west of Sun City Summerlin. With its many amenities, Summerlin is a popular choice for families. Note: the projected build-out of this project is 2015. The elevation at Summerlin, for the presently developed and developing areas, ranges from 2,500 ft. to around 3,500 ft. above sea level. The higher elevations are west of the I215.

Summerlin Centre Village is the largest, by far, mixed use development in this area. It will ultimately be home to a 2 million sq. ft. regional retail center, a series of grand public plazas that will be home to cultural performances and community celebrations, a non-gaming hotel and a wide variety of dining and entertainment options. The construction of residences here will be much higher density that anything yet built in this community. This "new urbanism" concept is also the driving force in Inspirada currently under construction in Henderson. Summerlin Centre will feature free standing homes, condos, mid rise condos and condos over retail, all presumably within walking distance of entertainment, shopping, and even possibly employment.

Note: This has been a highly desirable planned community with homes increasing in value at an even higher rate than the average in the Las Vegas Valley.

New home "brochure" prices in Summerlin as of May 3, 2008 for free standing homes range from $269,990 to $647,975. New home sizes range from 1,515 sq. ft. to 3,175 sq. ft. Incentives are available on may of these new homes that in effect substantially reduce the base prices. Resales for the last 90 days ranged from $171,000 to $5,800,000 for free standing homes with a median price of $315,000. Condo resale prices ranged from $139,000 to $710,000 with a median price of around $210,000. Of the 879 properties currently listed, 302 are represented as short sales or bank owned/foreclosures.

There are several new condo, townhome and loft developments building in Summerlin. Unit sizes range from 1,305 sq. ft to 2,826 sq. ft. Base prices range from $286,000 to $765,975. There are also two mid-rise condo developments with prices ranging from $359,900 to 994,900. Sizes of these units range in size from 1,432 to 2,705 sq. ft

If you are interested, I can e-mail you property information with photos and floor plans on anything presently modeled in Summerlin that meets your with your criteria. I can also forward you additional information with photos on any resale property.

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

Summerlin Las Vegas