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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
