Million Dollar Homes in Las Vegas for Sale
A Million Dollar home for sale in Las Vegas, Summerlin, or Henderson may be the best value for among all other major cites in the USA for cost-of-living, low property taxes and most bang for your buck on size and square footage. Compared to our closest neighbors California – buyers and investors are getting over 2xs the property in Las Vegas. Major investors are buying and renting as Las Vegas has a consistent high end rental pool of celebrities and sports athletes. If you are looking to buy a Million Dollar House – Las Vegas is the right location.
We specialize in Million Dollar Luxury Homes in Las Vegas
(financing available with 10-20% down programs. more info below listings*)
* with $200,000 down the estimate payment is $4,300 a month on a million dollar home excluding property taxes, insurance and monthly home owners fees depending on community. We see the average for total monthly payment around $6000 a month all in. We can have a mortgage lender contact you for more accurate figures based on your situation and needs. Call 702-882-8240.
Las Vegas Million Dollar Homes
Every day in Las Vegas since 2017 & on into 2018 …a home has sold for at, or above, a million dollars. The most important thing about buying a million dollar home is to ask your self – “Can I sell it?” if I need the money back in my pocket. Location, Location, Location as they say is the key and so you want to buy were million dollar homes sell the most. The below map is a good idea of were the most expensive homes in Las Vegas are selling.
Million Dollar Communities in Las Vegas
You can see by the map that there are clusters here and there and a pattern forms from these homes that have sold for over a million. If you are a local buyer or out of state investor there are a few specific communities you are going to want to get familiar with if you are serious about buying. Now, by law we can not steer you into any one community. The decision on were you buy is yours entirely and yours alone. However, some day you are going to want to sell that home and it is just common sense to at least look at where the largest multi- million dollar homes are moving the most.
Las Vegas Million Dollar Homes Communities
Las Vegas Mansions over 8000+ sq.ft.
Las Vegas Millionaire Lifestyle
The greatest thing about buying a home in Las Vegas for a million dollars is that you are probably going to get the lifestyle you are actually thinking about compared to New York, San Francisco or any other major city in the USA were you get at best a box or something that looks comparable to four walls and a toilet. In Las Vegas you can find a large house, in a guard gated community, on the golf course with a pool just like you have always dreamed about.
You can compare your city to Las Vegas to see if Las Vegas is a could match for you at Numbeo.com.
Million Dollar Questions?
If you are paying cash then you can disregard the financing fees like mortgage insurance, but this is just a little list of things to keep in mind. I have helped many people buy and sell Las Vegas luxury homes for over 20+ years and bigger is not always better if you overextend yourself. A good tip is to always ask the previous owner if he kept records of maintenance and costs. But lets just run thru a few questions to keep in mind before buying.
- How much is the HOME OWNERS ASSOCIATION?
- How much are the yearly property taxes?
- How much are the average monthly utilities?
- Do you have a landscaper and what do they charge?
- Do you have a maid and what do they charge?
- Do you have a pool service and what is that cost?
- When was the last time the pool was fully resurfaced and maintenance?
- Do you have a copy of the home inspection from when you purchased the home?
- Has the property ever had a slab leak or plumbing problems?
- How old is the hot water heaters and air conditioning units?
- Why are you selling your Million Dollar Home in Las Vegas?
There is always a reason people are selling and its always interesting to see if they found a community they like better, are just downsizing because their kids moved out or is the property to much to keep up with. Some custom homes like Blue Heron are known for there easy of maintenance while a custom home with lots of exterior wood and landscaping could have yearly cost to reseal or keep the home protected. Some have huge windows facing the sun all day and have huge AC bills.
Do you research to find home may face a certain direction or have the construction or installation to minimize the sun heat and wear and tear.
3 Recommendations When Buying a Million Dollar Home
- Get a Million Dollar Home Inspection (Cost about $1000 one time fee)
- Get a Million Dollar Home Warranty ( Cost between $1000-$1500 yearly)
- Get Home Insurance with Slab Leak rider (ask your agent, normally $100 extra)
Your home inspector, home warranty and insurance are all key components to making sure you have a level of financial protection. Ask you home inspector if he uses an infrared camera to check for water leaks and actually crawls in the attic to check the insulation. Have your agent put you in contact with a home warranty rep and choose options such as AC with crane service and Hot Water heater with carry away. Ask you insurance agent about slab leak insurance and other riders that you should consider.
Remember that real estate agent are not home inspectors, home warranty reps, or insurance sales men – so you need to choose whom you feel has the experience you need and ask as many questions as possible about what options can be taken on a large house.
What Does a Million Dollars Look Like?
1 Million Dollars in $100 Bills
Even if you had a steel briefcase, a stack of $100 bills equal to a million dollars wouldn’t fill the entire briefcase. You’d need bubble wrap so the money would’t flop around during the exchange.
Most Americans will never earn a million dollars. But if they could, then they could afford a small fixer-upper apartment in San Francisco or they could go to Nevada and buy one of the Las Vegas Mansions.
More Than a Million!
One thing Las Vegas delivers on consistently with out of state buyers is they almost always comment on they feel they get more than a million dollar home. Nevada has some of the lowest property taxes in the USA and Nevada has NO PERSONAL STATE INCOME TAX! Yes, you read that right. If you can afford a million dollar house then you should ask you accountant to work up what you would save a year by having lower property taxes and no personal state income tax. A lot of Californian move to Las Vegas just to save money. 30% of our buyers are coming right from the state of California after driving back and forth and enjoying all the entertainment and fun here.
Las Vegas is like an onion and you have to keep peeling the laying, asking the questions, and discovering the different communities like Henderson, SUMMERLIN and Southern Highlands to see the difference and diversity only Las Vegas can offer just minutes from the strip.
Most communities are guard gated so allow 24 hours for clearance. Some homeowners may ask for proof of funds that you can afford or qualify to buy their home so be prepared to show a letter from your bank or a letter from your lender.
If you are a serious buyer and would like a tour of the Million Dollar homes for sale in Las Vegas, Henderson or Summerlin, we can get you in the gates.