REAL ESTATE:

Posh pads: The priciest Las Vegas home sales of 2012

Courtesy Photo

The home at 30 Olympia Hills Circle sold for $5.6 million in May 2012, one of the most expensive residential real estate transactions of the year. This is a view of the home’s foyer.

VEGAS INC coverage

The Las Vegas housing market had a strong year in 2012 with increased sales and rising prices.

Most of the deal flow was at the lower end of the market, where investors keep picking up cheap homes to rent out. The luxury-homes sector, while accounting for a small portion of overall sales, had a fair number of deals, as well.

Las Vegas broker Cristine Lefkowitz, who specializes in high-end homes, said she sold $35 million worth of real estate in 2012. That’s up from about $14 million in 2011 and no more than $8 million in 2009, at the depths of the recession.

One house she sold, 30 Olympia Hills Circle, went for $5.6 million, one of the top deals in the valley this year.

Many luxury buyers are out of state, sometimes overseas.

“We’re getting an invasion from California, and I’m loving it,” Las Vegas broker Florence Shapiro said.

Here are 12 of the most expensive homes sold in 2012. Sources include the Greater Las Vegas Association of Realtors, Clark County property records and Zillow.

    • 1. 7 Falcon View Court, Las Vegas

      Sale recorded: Sept. 11

      Price: $8.35 million

      Description: Two-story, 10,650 square feet, five bedrooms, seven bathrooms. Built in 2009 and located in Summerlin. Features a porte cochere, motorized glass pocket doors, double island kitchen, wine room and theater.

    • At $7 million, the residence at 9401 Kings Gate Court, Las Vegas, was among the most expensive homes sold in the Las Vegas Valley during 2012. This is a backyard view of the property.

      2. 9401 Kings Gate Court, Las Vegas

      Sale recorded: July 16

      Price: $7 million

      Description: Two-story, 15,802 square feet, five bedrooms, seven bathrooms. Built in 2002. Has theater and fitness rooms, an elevator, a lazy river pool and an eight-car garage.

    • Eight bedrooms, 13 bathrooms, 14,148 square feet: The residence at 30 Olympia Hills Circle was among the most expensive homes sold in Las Vegas during 2012.

      3. 30 Olympia Hills Circle, Las Vegas

      Sale recorded: May 31

      Price: $5.6 million

      Description: Two-story, 14,148 square feet, eight bedrooms, 13 bathrooms. Built in 2009. Has an elevator, marble floors, home theater, hand-painted ceilings and a wine cellar that holds more than 600 bottles.

    • The residence at 5 Promontory Pointe Lane sold for $5.15 million in May 2012, one of the biggest residential transactions of the year.

      4. 5 Promontory Pointe Lane, Las Vegas

      Sale recorded: May 2

      Price: $5.15 million

      Description: Two-story, 12,496 square feet, five bedrooms, nine bathrooms. Built in 2009. Sits on a Summerlin hillside overlooking the valley. Includes a 480-bottle wine cellar, six-car garage, theater, game room, security cameras around the perimeter, a 12-person spa and an outdoor kitchen.

    • 5. 5100 Spanish Heights Drive, Las Vegas

      Sale recorded: Jan. 19

      Price: $4.5 million

      Description: Two-story, 14,306 square feet, seven bedrooms, 11 bathrooms. Built in 2003. Former home of actor Nicolas Cage. Has 16-car garage, an elevator and a theater room. Master bedroom has a balcony and a sitting room.

    • This image shows the game room at 45 Hawk Ridge Drive, one of the priciest homes sold in the Las Vegas Valley during 2012.

      6. 45 Hawk Ridge Drive, Las Vegas

      Sale recorded: Aug. 16

      Price: $3.7 million

      Description: Two-story, 7,016 square feet, four bedrooms, six bathrooms. Built in 2009. Located in Summerlin on the eighth green of Bear’s Best Las Vegas golf course.

    • 7. 8 Morning Sky Lane, Las Vegas

      Sale recorded: Jan. 31

      Price: $3.6 million

      Description: One-story, 11,223 square feet, eight bedrooms, 10 bathrooms. Located in Summerlin, and built in 2007. Features a game room, movie theater and 2,000-bottle wine cellar.

    • 8. 2540 Red Arrow Drive, Las Vegas

      Sale recorded: March 20

      Price: $3.5 million

      Description: Two-story, 10,780 square feet, six bedrooms, six bathrooms. Built in 2005. Located in Summerlin alongside the 18-hole Arroyo Golf Club at Red Rock Country Club.

    • This image shows the backyard pool of the residence at 15 Wild Ridge Court, one of the most expensive homes sold in Las Vegas during 2012.

      9. 15 Wild Ridge Court, Las Vegas

      Sale recorded: Aug. 21

      Price: $3.2 million

      Description: One-story, 9,913 square feet, four bedrooms, seven bathrooms. Located in Summerlin and built in 2006. The home features a gym, wine cellar and aquarium, and its 2,500-square-foot basement contains a theater, card room, wet bar and bathroom.

    • The residence at 641 Saint Croix St., Henderson, features a deck with an outdoor fireplace and a view of the Las Vegas Strip. It sold for $3.2 million in October 2012.

      10. 641 Saint Croix St., Henderson

      Sale recorded: Oct. 1

      Price: $3.2 million

      Description: Two-story, 9,185 square feet, four bedrooms, seven bathrooms. Built in 2004. Has an exercise room, massage area and roof-top patio.

    • 11. 55 Quintessa Circle, Las Vegas

      Sale recorded: Aug. 23

      Price: $3 million

      Description: Two-story, 7,998 square feet, five bedrooms, eight bathrooms. Built in 2005. Includes a wine cellar and a library with fireplace.

    • The residence at 2812 Coast Line Court is shown from Lake Sahara. A boat dock and an Irish pub are among the amenities of the home, which sold for $2.9 million in February 2012.

      12. 2812 Coast Line Court, Las Vegas

      Sale recorded: Feb. 27

      Price: $2.9 million

      Description: Two-story, 9,469 square feet, six bedrooms, nine bathrooms. Built in 2008. Sits on the man-made Lake Sahara and features a boat dock, a swimming pool and a 20-foot slide to the pool. House also includes an elevator, gym, wine cellar and Irish pub.

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    1. These prices are still "way over" inflated. But as long as those California people come here "thinking" they're getting a bargain so be it !!. I look at those multi million dollar sales and noticed one that took my breathe away. On one side a house for 5.6 mil,two house down just under 10 mil. The one in the middle??? in foreclosure for $465k. There goes the neighborhood !!!