Las Vegas Luxury Homes are some of the most sought after properties in the international real estate market. Currently 30% of Las Vegas buyers are from California. It is no surprise with California being our neighbor that these Las Vegas mansions and estates are owned by some of the most globally recognized A-LIST celebrities, actors, ,business owners, musicians and athletes in the world.
Below I will show a map where people buy luxury homes in Las Vegas
Now before I go into what drives these people to Las Vegas besides no-personal income tax, low property taxes and one of the lowest cost-to-live index ratios in the USA, lets see what $1Million dollars looks like in this image.
NOTE: Nevada residents only pay taxes on 30% of the property value*
Double Down in Vegas for a Huge Home.
Nevada is not only a no-income-tax haven, the property tax on Nevada’s median home value of $192,100 is $1,426. Compared to California which can be 3xs as much or New York which can be 4-5xs as much. People moving to Las Vegas are getting way more for there money. Cutting their expenses and taxes by moving to Las Vegas, they also pay less per square footage on large floor plans and are buying homes they could never afford in other cities. Take a look at the average cost of living index compared to Las Vegas
You can compare your city to Las Vegas to see if Las Vegas is a could match for you at Numbeo.com.
Las Vegas Luxury Homes and Lifestyle
People who live in Las Vegas also have access to world class food and entertainment made possible by the gaming industry. Casinos and gambling are one of the largest industries in the world. It also creates the best 5-star hotels, dining and shows to attract people looking for the ultimate vacation. Living in Las Vegas can create an endless opportunity to explore food and entertainment.
Currently Las Vegas also has over 10,000 unfilled job positions for 3 mega projects going up to include the NLF Raiders Stadium. The 1st NFL game is do to play in 2020.
Where to Get One of These Luxury Homes!
First, let me just say I am not telling you where to buy. I am simply just going to show you where they are selling by the facts. It makes sense that if you are going to buy a $1-million plus home you will want to do it where you can also sell a $1-million dollar home. There are several homes that have been on the market for years that simply dont sell because they are over priced and in an area that does not command the price people ask. And then there are communities like “The Ridges Las Vegas” that see the largest amount of $1-Million+ sales.
Las Vegas Luxury Homes Migration Map
I have been in Las Vegas real estate since 1995 and am a 3rd generation agent. My grandmother was the 1st female broker in Mohave County right next door. This goes back to the “Rat Pack” days and Frank Sinatra and the Mob days. The great thing about Las Vegas is all those homes owed buy the stars and mafia are in some of the most interesting areas by the strip and still hold that sense of history and some for sale today. You could own one of them now.
If you are looking to buy a home by the Las Vegas strip you may wish to look at the communities were stars such as Jerry Lewis, Dean Martin, ELVIS, Micheal Jackson and any all the stars use to live. The 2 most popular back in the day were around Scotch 80′ an ungated area & gated communities of Rancho Bel Air Cirlce. The other area is where Mike Tyson first bought his house on Tomiyasu Ln by Wayne Newtons 52 acres estate by Pecos and Sunset.
For An Idea of Old School Luxury Homes in Las Vegas Check Out:
Spanish Trails Homes for Sale In the middle of the time line is one of the first largest gated master planned communities and still popular with offerings from small townhouses from $250K to Las Vegas Mansions over $15 Million.
Top 7 Las Vegas Luxury Homes
Communities by Sales 2017
Here is where buyers are buying in 2017
Summerlin area and specifically The Ridges is dominating in luxury home sales.
- The Ridges (Summerlin)
- Red Rock Country Club (Summerlin)
- Tournament Hills (Summerlin)
- MacDonald Highlands (Henderson)
- Seven Hills (Henderson)
- Southern Highlands
This Map will shows you the current sold 2017 luxury homes
2017 Las Vegas Luxury Homes Popular Communities by SalesIf you are looking to buy a luxury home it is important to see if there is a market in that area and if homes consistently sell in that area. You may see homes for $10,000,000 priced by a seller in an area that has never seen even a $1,000,000 sale in 10 years. Sellers set the asking price so when making an offer always look to see what homes have actually been selling for.
Everyday Las Vegas is Selling and Recording a $1Million + Sale
This makes it easy to see on a map where buyers are buying and that if you had to sell your house, which area is getting the most amount of money and is consistent for home sales. Are team specializes in luxury homes and can pull a market evaluation on a property and provide very accurate information.
If you are a serious buyer looking to buy a Las Vegas Mansion or Penthouse, contact are office and we can get you in the properties, do the paperwork, walk you thru escrow and deliver the keys. ………………………………….Call 702-882-8240
100+ Luxury Homes in Las Vegas for Sale NOW!
Please note the most Las Vegas luxury homes for sale are guard gated or gated and require notice and an agent to access the gate. It is best to contact us 24 hours prior to arrange showing with owners and gate guards. To set a showing just call our office and speak to an agent. …………………….Call 702-882-8240