Las vegas finest q2 2017

LAS VEGAS FINEST

SHAPIRO & SHER PRESENTS

LAS VEGAS FINEST 2

SPRING 2017 THE LAS VEGAS LUXURY LIVING SHOWCASE

VOLUME II SPRING 2017 SHAPIRO & SHER GROUP

1

ARRIVING SUMMER 2017

C O N C I E R G E R E A L E S TAT E & R E LO CAT I O N FO R T H E P R O F E SS I O N A L AT H L E T E

7 0 2 . 3 1 5 . 0 2 2 3 | W W W. S H A P I R O A N D S H E R . C O M ©2017 BHH AFFILIATES, LLC. AN INDEPENDENTLY OWNED AND OPERATED FRANCHISEE OF BHH AFFILIATES, LLC. EQUAL HOUSING OPPORTUNITY.

We have now passed the first quarter of 2017 and are halfway through a gorgeous springtime. With our beloved warmer weather and trees and flowers in full bloom, we are enjoying what is arguably the best desert living environment in the world. So, what could make Las Vegas an even more amazing place to live? Professional sports!

According to Fox Sports, Mayor Carolyn Goodman said last June that Las Vegas would have three major sports teams within 10 years. By the time the Raiders’ stadium is complete in 2020, her prediction may very well come true. We are more than excited to welcome the Golden Knights and Raiders to our city. The upcoming hockey season and stadium plans have created quite the buzz throughout the Las Vegas valley. I was thrilled to be among the first to purchase Golden Knights season tickets, and I hope to see you at the season opener in October at the T-Mobile Arena!

As we look forward to cheering for our two new teams, the question remains—what will the third team be? NBA or MLB? Either way, Las Vegas is ready. Having professional sports teams will certainly contribute to both real estate and overall economic growth. Not only will we have a new tourism demographic beyond the gaming and hospitality industries, but also we will have more jobs, and of course, team spirit.

With the arrival of professional sports in Las Vegas, we will officially launch our Athletica Division this summer. Offering this concierge service in our luxury portfolio will ensure that professional athletes and team employees moving to Las Vegas receive the same level of service that Shapiro & Sher clients have come to expect.

In addition to Sports, it is also a very exciting time for Las Vegas real estate: the market is up, and we have never been busier. Although inventory, in general, is at a low, homes are sitting on the market a little longer in the luxury arena. However, I encourage my clients to remain optimisitc —if priced correctly, homes will sell. It’s merely a timing issue. Buyers now have more options available than ever before at their fingertips: to build, buy new, or select from the resale inventory across the valley. Additionally, the high-rise market is extremely strong with sales approaching record prices in the last year. When stepping back and looking at the complete picture, I am more than optimistic regarding our trajectory and where the Las Vegas market is headed.

We are so proud to share our latest issue of Las Vegas Finest2—our finest issue yet—with you.

I VA N SH ER

Cover property ‘Shades of White’ featured on page 4

‘SIMPLICITY IS THE ULTIMATE SOPHISTICATION.’ - Leonardo da Vinci

TA B L E O F C O N T E N T S SUMMERLIN & THE WEST

F E AT U R E D P R O P E R T Y ‘ S H A D E S O F W H I T E ’ THE RIDGES TOURNAMENT HILLS S PA N I S H H I L L S M O U N TA I N T R A I L S QUEENSRIDGE RED ROCK COUNTRY CLUB SECTION 10 E Q U E S T R I A N E S TAT E

4 10 20 22 26 27 28 30 32

HENDERSON & THE SOUTH

ASCAYA ANTHEM COUNTRY CLUB SEVEN HILLS SOUTHERN HIGHLANDS MACDONALD HIGHLANDS LAKE LAS VEGAS

38 43 44 47 50 60

HISTORIC DISTRICT

66

HIGH RISE DIVISION

68

DINE IMBIBE SHOP RELAX

18 31 42 46

2 0 1 7 F I R S T Q U A R T E R S TAT S COMMUNITY SCENE

34 57 78

G LO B A L R E A L E S TAT E S U M M I T EXECUTIVE INSIDER MEET THE TEAM

74 80 82

AUTHENTIC MODERN PERFECTION

SHADES OF WHITE

4

4

FEATURED PROPERTY

photos by Byron Mason words by Sabrina Chapman

5

5

Through a set of double gates, down a delightful lane with just the slightest winding way is 16 Hawk Ridge Drive ~ 8,150 square feet of modern refinement, entitled “Shades of White.”

A vision of pristine perfection, “Shades of White” is a home designed and built by Chuck and Katie Reibel with a well-researched understanding of the history of modernism and the remarkable modernist architects who gave life to the movement. “Our goal was to create a home inspired by the ‘reason and rationale’ defining authentic modern architecture.”

Having grown up in Pacific Palisades and the resurgent modern mecca of Palm Springs, California, Katie Reibel was exposed to and influenced by the extraordinary work of many pioneering modern architects at a very early age.

6

Ironically, Charles and Ray Eames were Katie’s neighbors, having built and resided in “The Arts and Architecture” Case Study House #8 in Pacific Palisades, California. Katie also spent her childhood winters vacationing in a 1960 mid-century modern home designed by the acclaimed firm of Palmer and Krisel in Palm Springs. These early modern impressions would later resonate with the entire Reibel Family and define their elegant minimalist lifestyle in the Las Vegas desert.

Over the course of the past decade, Chuck, Katie and their daughter Catherine, an accomplished landscape architect, have designed and built four unique modern homes, all demonstrating how minimalist design, impeccable quality, and a connection to nature can improve quality of life.

‘THE DETAILS ARE NOT THE DETAILS, THEY MAKE THE DESIGN.’ - Charles Eames

FEATURED PROPERTY

7

‘Sunlight and shadows dance throughout the home during the day, inspiring an environment of optimism, well-being, and creativity.’

Careful selection of the homesite for “Shades of White” was of paramount importance for Chuck and Katie. They chose a north-south orientation on a rare and quiet private cul-de-sac. The awe-inspiring site is nearly 1/2 acre, capturing alluring vistas of the rugged desert, dramatic sunsets, stunning mountain ridges, twinkling city lights, and swaths of emerald green fairways.

The modernist design is comprised of nearly 50% glass, creating interior spaces which encourage a visual conversation between carefully curated art, architecture, and desert flora and fauna.

“We pride ourselves on a reputation of using only the finest quality products, fixtures and finishes, as well as technological advancements and an environmentally conscious design.”

The stunning white kitchen is an open concept with Scavolini Italian glass cabinets and Gaggenau Hausgerate appliances. Amenities include a temperature controlled 144-bottle wine wall, state-of-the-art Control4 home automation, 12’ high floor-to-ceiling Western Window Systems windows and doors, designer tiles sourced from Italy and Spain, residential elevator, steam shower with DTV, 4-car side load garage, and backyard with lap pool/spa, peaceful meditation garden, and mindful water-smart landscaping.

“Shades of White” strikes a chord of emotional purity, a place where after a long day one can snuggle into the comfort of an Eames lounge chair while enjoying a moment of simple clarity as refreshing as a sip of fresh Alsatian spring water.

A peacefulness so rare and so pure that Katie says, “We are often asked, How can you devote so much research, passion, and energy to your projects, and then sell them?” To which she responds, “The answer is quite simple, you never really leave a place you love. Part of it you take with you, leaving part of you behind.”

8

FEATURED PROPERTY

16 HAWK RIDGE DRIVE $

5,477,000 I 8,150 sqft I 5 bed I 6 bath I 4 car

9

SHAPIROANDSHER.COM

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702.315.0223

THE RIDGES

10 PROMONTORY RIDGE DRIVE $

9,995,000

|

14,611 sqft

|

7 bed

|

13 bath

|

10 car

|

.74 acre

|

guest quarters

11

SHAPIROANDSHER.COM

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702.315.0223

THE RIDGES

15 GOLDEN SUNRAY LANE $

5,495,000

|

8,489 sqft

|

5 bed

|

6 bath

|

4 car

|

guest house

13

98 SUN GLOW LANE $

4,675,000

|

7,138 sqft

|

5 bed

|

7 bath

|

4 car

SHAPIROANDSHER.COM 14

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702.315.0223

$

4,250,000

|

7,741 sqft

|

35 SKYBIRD COURT

6 bed

|

7 bath

|

4 car

THE RIDGES

15

A drive up the hillside of the crown jewel of Summerlin – The Pointe at The Ridges – leads to a private gated entrance that melds custom artwork with a modern flair and natural elements at 9 Echo Peak. Those who peer above its gated entrance, past the trees and to the desert mountainside, will find their eyes naturally moving up toward the sky as they become fixated upon a luxe residence tiered against the mountainside.

When the gates open, the gaze turns to the elegantly laid stone driveway that travels around a sunken pond filled by a waterfall trickling down the desert mountain. The curved driveway leads to the grand porte-cochere entrance of 9 Echo Peak – better known as SkySide – a one-of-a-kind residence designed by its world-renowned architect owner and constructed by internationally known, award-winning Sunwest Custom Homes.

SkySide merges elements of nature – the neighboring Red Rock Conservation Area mountains, stone, wood, water, fire and sky – with the artistic flair of fine architecture and fivestar-hotel-quality luxurious interior design to create a oneof-a-kind, Zen-filled masterpiece that is sure to impress.

Limestone stairs lead from the porte-cochere to SkySide’s grandiose entrance: A custom floor-to-ceiling glass door. This door leads to an artistically designed six-level, 23,748-square-foot custom residence made of steel and concrete.

SHAPIROANDSHER.COM

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702.315.0223

THE RIDGES

SKYSIDE - 9 ECHO PEAK LANE $

30,000,000

|

23,748 sqft

|

5 bed

|

13 bath

|

8 car

|

1.17 acres

|

guest quarters

17

DINE

SPARROW + WOLF

a conversation with chef Justin Kingsley Hall

Justin, the highly anticipated, Sparrow + Wolf, is set to open May. What can diners expect when they visit? Sparrow + Wolf can be called a Modern-American restaurant with a focus on seasonality, woodfire cooking, craft cocktails, and guestcentered hospitality.

But that’s definitely not all you’re getting. There is a lot of talent both in the dining room and in the kitchen, and everyone has been working hard to build a place that is going to showcase what we can do without taking ourselves too seriously. From the time guest are greeted as they walk through the doors and after we say our thank-yous and good-byes, we want you to feel like you truly were a guest not just a table number.

What about Las Vegas inspires you?

People. Over the past 5 years I’ve been lucky to surround myself with incredible people. Some of the most creative, hardworking, soulful individuals I’ve come across. All of them find a way to make their communities stronger through charitable work, advocating for positive change at social and political levels, and at the foundation just being good to others. These inspirations don’t exist in just one area of town, but instead are spread out in several different neighborhoods and industries. I watch the work my friends and family do, and it pushes me to do more all the time.

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Recently, one cannot go to a restaurant without either brussels sprouts or avocado on toast on the menu.

What are the next trends in food?

When it comes to ingredients I think you’ll see more influence from Indian and Middle Eastern cuisine, especially with spices like cardamom and turmeric. With dishes on a menu, there will be more use of charred (insert vegetable), ( meat ) over wood-fire, or even burnt.

Wood fire cooking has been making a big comeback with more chefs trying to use it as a means of imparting flavor almost as its own ingredient. Both trends feel like we are attempting to return to the old world by renewing our love of the spice trade and primal cooking.

What is your must-have kitchen gadget?

My rondeau (brazier pan). It’s a wide but short pot that you can use to braise, roast, stew, or fry. Seems simple as far as gadgets go but really it’s one of the most important pieces of equipment in my kitchen. Cooking for me, is about bringing people together; How can I get a group around a table and keep them talking? The initial attraction of this old copper lined pot provides a shocking sex appeal as it hits the center of the table. Then it keeps the food in front of the guest allowing them to serve each other. Before you know it hours have past. w w w.sp ar row an d wo l f lv.co m

$

2,795,000

|

5,856 sqft

70 HAWK RIDGE DRIVE |

4 bed

|

5 bath

|

4 car

THE RIDGES

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PRIVATE LUXURY RETREAT Experience your own private resort within this exceptional, European estate. A world of opulence, grandeur, and unparalleled custom finishes compose each space while providing comfort, design, and a touch of class. Upon entering the grand foyer, the sheer elegance provides for true appreciation of detail and design. Remarkable ceilings, ornate chandeliers, hand-carved stone and resort-caliber amenities leave one immersed within this picturesque residence. Points of interest include: an exceptional library composed of refined wood finishes, state-of-the-art home cinema, an executive office, personal gym, security room, residential elevator and endless views of TPC Golf Course and Red Rock mountain peaks.

Elements such as white Venetian plaster, 24k gold fixtures, statuesque columns, and exquisite Carrara marble lend themselves as pieces of art catering to a home that is truly incomparable. The definition of luxury is defined in the master suite; indulge yourself within one of the three expansive closets, the massage room, the salon station, the private fitness room or either of the exceptional master bathrooms. French doors throughout this home frame beautifully manicured outdoor living spaces. A heavenly blue pool is the centerpiece for what can be described as a backyard paradise. Infinite covered patios with misters and ceiling fans, relaxing cabanas and an outdoor kitchen can be enjoyed anytime of the year.

SHAPIROANDSHER.COM

20

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702.315.0223

TOURNAMENT HILLS

9021 GROVE CREST LANE $

22,000,000

|

15,479 sqft

|

6 bed

|

11 bath

|

5 car

|

.73 acres

|

guest quarters

21

SPANISH HILLS

22

TIMELESS MANOR It’s the golden hour of the day, the sun is preparing to set and casting a romantic glow upon the winding streets of Paris.

As you meander through the tree-lined neighborhoods, you find each building proudly stands as a testament to European architecture. Elegant wrought-iron twists and turns to create methodic works of art while traditional detail surrounds each entry way beckoning guests to further explore its charm within. Here and now, you decide that a classic French estate is the home for you.

We p res ent , Ti meless M a n o r.

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‘Each room presents itself as fine art, yet provides functionality and comfort.’

As if created for the iconic neighborhoods in France, this residence pays homage to worldly ideals of elegance. The entry hall sets a palatial scene detailed with crisp white wainscoting and a grand curved staircase. At the end of this long corridor sits an upscale lounge to sip delightful treats from the bar with a glittering Strip view in the distance. Rounded glass doors then disappear creating a poolside atmosphere. Upscale amenities throughout allow one to live, dine and play with ease. Enjoy a full cinematic experience while drinking an aged bottle of vino from the wine cellar, then gather in the great room for a casual meal.

It is rare to find a home such as this in today’s market. Each room presents itself as fine art, yet provides functionality and comfort. In a modern world, you will appreciate the timeless enchantment that is brought to life through classic elegance.

5114 SPANISH HILLS DRIVE $

24

3,999,750

|

12,181 sqft

|

5 bed

|

8 bath

|

4 car

RANGE ROVER:

LUXURY EXTENDED. When the Range Rover was introduced 45 years ago, it changed the way the world went off-road. It embodied capability. It exemplified performance. Over the years, it has come to represent the very pinnacle of refinement and British craftsmanship. The current generation of Range Rover vehicles build on that legacy.

And go even further. To experience the 2017 Range Rover for yourself, visit Jaguar Land Rover Las Vegas for a test drive today.

Jaguar Land Rover Las Vegas

5255 West Sahara Avenue, Las Vegas, NV 89146 702.579.0400 www.jlrlv.com 25

9813 MOON VALLEY PLACE $

2,850,000

|

9,334 sqft

|

6 bed

|

8 bath

|

8 car

|

guest house

MOUNTAIN TRAILS

SHAPIROANDSHER.COM 26

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702.315.0223

$

2,750,000 |

7,120 sqft

|

9721 ORIENT EXPRESS COURT 5 bed

|

6 bath

|

4 car

|

.98 acre

QUEENSRIDGE

27

2813 RED ARROW DRIVE $

4,188,800

|

9,243 sqft

|

6 bed

|

9 bath

|

4 car

|

casita

SHAPIROANDSHER.COM 28

|

702.315.0223

$

1,980,000

|

5,224 sqft

|

11654 MORNING GROVE DRIVE

5 bed

|

7 bath

|

3 car

|

guest quarters

RED ROCK COUNTRY CLUB

29

SHAPIROANDSHER.COM

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702.315.0223

SECTION 10

$

30

2,600,000

|

9,773 sqft

|

5 bed

|

1660 S VALADEZ STREET 6 bath

|

4 car

|

1.07 acres

IMBIBE

WINE TRENDS with Vintner Grill’s Sommelier Scott Torbett

What drew you to this locals’ favorite, nestled away in a Summerlin office park?

I discovered this restaurant through a friend nine years ago. I loved the decor, the cuisine and, most importantly, their wine program. I knew the Sommelier, Troy Kumalaa, back then. He and I both shared a passion for wine after working as Sommeliers for Wolfgang Puck for many years. I was honored when I had the chance to take over the program. I love that Vintner Grill is so far off the strip, like it’s our own little Summerlin secret.

Whose wine list are you wowed by?

Probably the three best in Las Vegas right now are Aureole at Mandalay Bay, Joel Robuchon at The MGM Grand and Delmonico Steakhouse at The Venetian. I’ve always enjoyed Aureole because you can find wines that no one else has.

As a sommelier, what can you share with us about your inspiration in selecting the appropriate wine for a perfect al fresco meal?

A lot of Sommeliers look down on Rose, but it is one of my favorite wines to drink here in the summertime. My favorite Rose of all time is the Chateau D’Aqueria from Tavel in the Southern Rhone, a full expression of Rose made from Grenache grapes. Of course we have it on the wine list at Vintner Grill. A lot of our guests love the new Rose I put on the by-the-glass last year, our 2016 Mulderbosch Rose of Cabernet Sauvignon from the Coastal Region of South Africa. It offers juicy strawberry and raspberry fruit with a little bit of melon while still retaining a dry profile. Delicious!

What do you see as the next trend in wine?

Trends are hard to predict, but there are some regions around the world to watch in the next ten years. I see Rhone wines becoming more popular as wine enthusiasts look to other varietals to explore. Washington State Syrahs are just starting to get the respect they deserve and Grenache plantings there are also showing huge potential for the future. Oregon Chardonnay has also improved greatly over the last ten years and will continue to do so. It is an exciting time for wine making in the Northwest right now. www.v g l a sveg a s .com

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SHAPIROANDSHER.COM

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702.315.0223

EQUESTRIAN

6855 W DEER SPRINGS WAY $

4,250,000

|

10,588 sqft

|

8 bed

|

10 bath

|

20 car

|

10 acre

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2 017 COMMUNITY / ADDRESS

FIRS T SALE PRICE

QUARTER

S TATS

SP/SQFT

SQFT

BED

BATH

CLOSING DATE

A N T H E M C O U N T RY C L U B 2 OLD MARSH CT

$1,200,000

$205.23

5,847

7

7

1/17/17

22 GOLF CREST CT

$915,000

$201.36

4,544

5

5

2/28/17

11 PINE HOLLOW DR

$1,060,000

$263.35

4,025

4

5

2/28/17

27 KITTANSETT LP

$757,500

$224.51

3,374

4

4

3/6/17

18 CRYSTAL TREE PS

$925,000

$162.42

5,695

5

6

3/14/17

8 PARADISE VALLEY CT

$2,300,000

$317.77

7,238

5

7

3/20/17

$964,500

$248.07

3,888

4

4

2/13/17

713 CANYON GREENS DR

$1,625,000

$331.90

4,896

5

6

1/3/17

636 CANYON GREENS DR

$2,200,000

$368.63

5,968

4

5

1/27/17

517 CANYON GREENS DR

$1,400,000

$257.07

5,446

4

6

1/31/17

BELLACERE 10217 STONY RIDGE DR

C A N Y O N FA I R WAY S

C A N Y O N G AT E C O U N T RY C L U B 8629 CANYON VIEW DR

$975,000

$221.24

4,407

5

5

3/1/17

8901 CANYON SPRINGS DR

$870,000

$213.24

4,080

4

4

3/6/17

2305 GLENBROOK WY

$848,888

$227.64

3,729

3

4

3/14/17

8608 SCARSDALE DR

$1,788,000

$180.04

9,931

5

6

3/16/17

1804 WINCANTON DR

$970,000

$220.25

4,404

4

5

1/4/17

1800 GLENVIEW DR

$850,000

$185.31

4,587

4

5

1/12/17

9004 THORNBURY LN

$784,000

$223.81

3,503

3

3

3/28/17

$1,060,000

$252.44

4,199

4

5

3/20/17

C O U N T RY C L U B H I L L S

EAGLE HILLS 1900 SOARING CT

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LUXURY HOMES SOLD $750,0 0 0 & HIGHER COMMUNITY / ADDRESS

SALE PRICE

SP/SQFT

SQFT

BED

BATH

CLOSING DATE

MACDONALD HIGHLANDS 1465 FOOTHILLS VILLAGE DR

$873,500

$212.69

4,107

4

4

1/24/17

1402 FOOTHILLS VILLAGE DR

$840,000

$204.53

4,107

5

3

2/13/17

1421 FOOTHILLS VILLAGE DR

$950,000

$231.31

4,107

4

3

2/27/17

407 STONE LAIR CT

$1,050,000

$208.46

5,037

5

6

3/16/17

532 REGENTS GATE DR

$1,170,000

$294.86

3,484

3

4

3/24/17

9812 MOON VALLEY PL

$2,500,000

$289.18

8,645

5

7

1/9/17

9804 MOONRIDGE CT

$1,300,000

$239.72

5,423

4

5

2/17/17

117 SOUTH ROYAL ASCOT DR

$999,000

$168.49

5,929

5

6

1/9/17

10212 STONE BRIAR CT

$1,175,000

$182.20

6,449

5

6

2/24/17

9521 VERLAINE CT

$1,385,000

$285.27

4,855

4

5

2/21/17

9501 ORIENT EXPRESS CT

$6,200,000

$256.41

22,000

5

10

3/8/17

M O U N TA I N T R A I L S

PA L I S A D E S

QUEENSRIDGE

R E D R O C K C O U N T RY C L U B 11488 MORNING GROVE DR

$1,225,000

$243.20

5,037

5

6

1/9/17

2117 ORCHARD MIST ST

$935,000

$219.64

4,257

5

4

1/20/17

2112 COUNTRY COVE CT

$944,500

$229.97

4,107

5

5

2/1/17

2055 ALCOVA RIDGE DR

$1,250,000

$239.28

5,224

5

7

2/6/17

2603 RED SPRINGS DR

$975,000

$316.05

3,085

3

4

2/8/17

2178 ORCHARD MIST ST

$1,375,000

$272.98

5,037

5

6

2/15/17

2162 COUNTRY COVE CT

$1,015,000

$247.14

4,107

5

5

2/17/17

2507 RED SPRINGS DR

$1,200,000

$244.95

4,899

4

5

2/24/17

11463 MORNING GROVE DR

$1,200,000

$285.37

3,865

4

5

3/7/17 CONTINUED

35

2 017

COMMUNITY / ADDRESS

FIRS T

QUARTER

S TATS

SALE PRICE

SP/SQFT

SQFT

BED

BATH

CLOSING DATE

R E D R O C K C O U N T RY C L U B 11321 GOLDEN CHESTNUT PL

$1,100,000

$287.73

3,823

3

4

3/10/17

1991 ALCOVA RIDGE DR

$1,005,000

$199.52

5,037

5

6

3/10/17

3023 RED SPRINGS DR

$1,115,000

$291.66

3,823

3

4

3/13/17

2536 GRASSY SPRING PL

$1,025,000

$251.04

4,083

6

6

3/17/17

11513 GLOWING SUNSET LN

$1,250,000

$340.51

3,671

4

5

3/22/17

11635 EVERGREEN CREEK LN

$1,919,800

$368.55

4,812

5

6

3/22/17

2805 EVENING ROCK ST

$825,000

$186.52

4,423

4

5

3/24/17

2087 ORCHARD MIST ST

$929,000

$218.23

4,257

5

4

3/24/17

2225 ALCOVA RIDGE DR

$894,000

$177.49

5,037

5

6

3/27/17

11681 GLOWING SUNSET LN

$955,000

$303.46

3,147

4

5

3/29/17

2175 ALCOVA RIDGE DR

$1,300,000

$258.09

5,037

5

6

3/31/17

1757 HARPSICHORD WY

$1,050,000

$212.34

4,945

5

6

1/31/17

1799 MEZZA CT

$920,000

$286.69

3,209

3

3

3/28/17

1520 VILLA RICA DR

$1,050,000

$198.68

5,285

6

6

1/24/17

1597 VILLA RICA DR

$1,850,000

$322.86

5,730

4

6

1/26/17

1328 VILLA BAROLO AV

$2,575,000

$377.84

6,815

5

6

2/24/17

1599 VILLA RICA DR

$1,625,000

$203.86

7,971

5

7

3/17/17

1539 TERAMO ST

$2,200,000

$228.00

9,649

7

8

3/23/17

1350 VILLAFRANCA CIR

$1,360,000

$228.26

5,958

4

6

3/24/17

ROMA HILLS

SEVEN HILLS

BOUTIQUE EXPERIENCE

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MARKET EXPERTS

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U N D E N I A B L E R E S U LT S

702.315.0223 | SHAPIROANDSHER.COM 36

LUXURY HOMES SOLD $750,0 0 0 & HIGHER

COMMUNITY / ADDRESS

CLOSING DATE

SALE PRICE

SP/SQFT

SQFT

BED

BATH

12058 WHITEHILLS ST

$760,000

$225.85

3,365

3

4

2/3/17

5 WOOD CREEK CT

$3,500,000

$295.08

9,424

5

9

2/14/17

11992 WHITEHILLS ST

$1,100,000

$341.61

3,220

3

4

2/16/17

12057 OAKLAND HILLS DR

$809,000

$196.69

4,113

4

4

3/6/17

18 EAGLE KNOLL CT

$900,000

$218.50

4,119

4

4

3/16/17

16 CHINESE FIR DR

$1,100,000

$235.66

3,904

4

4

3/21/17

54 GRAND MASTERS DR

$900,000

$220.44

4,990

6

5

3/22/17

28 PRINCEVILLE LN

$755,000

$164.13

4,600

5

5

1/9/17

8220 TURTLE CREEK CIR

$816,000

$197.39

4,134

3

4

3/17/17

32 CROSS RIDGE ST

$1,285,000

$341.21

3,421

4

5

1/17/17

81 PRISTINE GLEN ST

$1,340,000

$376.19

3,562

3

4

1/17/17

11 MORNING SKY LN

$3,600,000

$384.74

9,357

5

8

1/25/17

16 SOARING BIRD CT

$3,800,000

$332.37

11,433

5

8

2/17/17

68 PANORAMA CREST AV

$1,050,000

$278.81

3,421

4

5

2/24/17

82 MEADOWHAWK LN

$3,544,500

$449.35

7,888

4

7

3/1/17

33 PROMONTORY RIDGE DR

$2,250,000

$379.17

5,934

5

7

3/3/17

11 DRIFTING SHADOW WY

$2,500,000

$490.00

5,102

4

5

3/15/17

4222 BRONZE RIDGE ST

$1,999,000

$408.96

4,888

5

8

3/17/17

61 MEADOWHAWK LN

$1,750,000

$328.95

5,320

4

5

3/23/17

35 PANORAMA CREST AV

$1,400,000

$319.63

4,380

5

6

3/31/17

SOUTHERN HIGHLANDS

S PA N I S H T R A I L

THE RIDGES

37

For anyone who’s ever had a dream, then made it real.

Dreams, after all, need a place to live. In this breathtaking expanse of homesites, beauty and inspiration forge an aesthetic that’s rare in this world, let alone in southern Nevada. This is a terrain unto itself. With astounding topography, uncompromising views, and exclusive clubhouse amenities. It’s a new standard for custom homesites.

And an elevated sensibility for those with the vision to match it. For a private tour, contact a Personal Sales Concierge today.

702 978 5800 I ASCAYA.COM

F E AT U R E D A S CAYA H O M E

$

7,950,000

13 CLOUD CHASER BOULEVARD |

6,441 sqft

|

5 bed

|

6 bath

|

3 car

SHAPIROANDSHER.COM

40

|

702.315.0223

ASCAYA

13 CLOUD CHASER BOULEVARD $

7,950,000

|

6,441 sqft

|

5 bed

|

6 bath

|

3 car

41

SHOP

SPRING FORWARD

Jimmy Choo fashion expert Heather Caravella

What’s your strategy for daily stylish dressing?

I love dressing up yet because I’m consistently running around, I have to be comfortable. However, with the right pair of shoes you can instantly change your entire outfit and attitude. I tend to gravitate towards dresses due to their movability, ease of dressing up/down and ability to layer with tall thigh high boots in the winter or wedges in the summer, grab a jacket. An outfit isn’t just the clothes it’s the hair, makeup, accessories and when you take the time to invest in yourself it shows.

Your store is in the Forum Shops at Caesars Palace.

What’s special about this location?

I oversee both the Forum Shops at Caesars Place and also our boutique in The Shops at Crystals. Both are uniquely different. Our Forum Shops location is a flagship and thus we receive almost the entire U.S. buy and limited edition exotic pieces. The store is over 3000 square feet and is the only location in Vegas that carries our Men’s line. Our Crystals location is special in that it caters to the high end luxury client in an extraordinary designed center. I enjoy selling at Crystals due to its more intimate setting. Both stores are able to cater to different client experiences and you’ll be able to find exceptional pieces such as our world renowned CINDERELLA shoe.

Not naming names, we have friends with jammedpacked closets. Any tips for streamlined organization.

Thin out your closet and take care of your clothes!!!

I am consistently shopping and adding new pieces to my wardrobe but every time I buy something, I take something out and donate to Good Will. A few times a year I’ll purge and give to The Shade Tree or Opportunity Village and also donate some of my work outfits to Dress for Success. It’s imperative to keep organized. I prefer to color code and I splurge on hangers. If my closets a mess, I’m a mess.

42

What are the must-have pieces for spring?

For the fashion forward, trend setter, I am obsessed with the LOLITA in our canyon mix. It has beautiful hand sewn panels comprised of 66 separate pieces that takes 4 hours to stitch and is truly a masterpiece. However, I could not live without my classic LANCE sandal in patent nude with my MIA clutch. With spring comes countless events and charitable functions and this duo seems to match with every outfit and I can last for an entire day due to their comfort without having to sacrifice style.

$

6,999,999

|

11,132 sqft

|

7 bed

|

9 bath

|

6 car

45 CLUB VISTA DRIVE |

1.2 acres

|

guest house

ANTHEM COUNTRY CLUB

43

SHAPIROANDSHER.COM

44

|

702.315.0223

SEVEN HILLS

2673 BOBOLI COURT $

6,250,000

|

8,452 sqft

|

5 bed

|

6 bath

|

6 car

|

casita

|

new construction

45

RELAX

HOLISTIC PERSPECTIVE

five questions for Gloria Wild, C. HT.

What can you share about your practice?

When I decided to start my practice my main objective was to introduce meditation into the workplace. I was able to share the benefits of consciousness with others who may not have otherwise been able to experience it first hand. It has since organically evolved into offering personal sessions for anyone who would like to.

How does the Las Vegas area inspire a holistic lifestyle?

Las Vegas is definitely one of a kind! Obviously everyone knows of the world famous Strip, however, when you step just outside of that realm, you will find an oasis from Red Rock Canyon to our gorgeous night sky where the stars just radiate their light upon us. There is something so peaceful when you are in nature.

Any tips to de-stress?

Some of the best de-stressing tips would be to start and end your day with three deep cleansing breaths and gratitude. This allows us to go throughout the day and reference back to what we are thankful for when stressful situations arise and always remember to take those cleansing breaths.

How do you relax?

When I need to take some time for myself and relax, I always draw a nice bath, add essential oils and some meditative music. It is so important for me to take time for myself and re-center.

What can the average person do to create an oasis in their own home?

The key to creating your very own oasis is to find a peaceful place. However, that can vary depending on the individual.

You can sit outside on your on your patio, your bedroom, near the pool or anywhere that you associate peacefulness with.

The main thing is to close your eyes and be really present in this place without distraction. I would also suggest lighting a candle or diffusing essential oils. One should really take this moment to incorporate all of your senses and focus on your breathing.. You will be amazed how quickly you start to unwind and relax your mind.

Recommended essential oils/diffuser?

Personally, I use Aura Cacia in my practice and for personal use. I would definitely recommend adding aromatherapy into any oasis that you create. The healing benefits are insurmountable. www.gloriawild.com

46

SHAPIROANDSHER.COM

|

702.315.0223

SOUTHERN HIGHLANDS

$

4,499,995

|

34.23 Acres

|

SOUTHERN HIGHLANDS LAND

Stunning views of the Strip & Southern Highlands Golf Course

47

46 OLYMPIA HILLS CIRCLE $

5,495,000

|

11,288 sqft

|

5 bed

|

6 bath

|

6 car

|

Casita

SHAPIROANDSHER.COM 48

|

702.315.0223

$

4,175,000

|

9,741 sqft

|

2 OLYMPIA HILLS CIRCLE

7 bed

|

9 bath

|

4 car

|

casita

SOUTHERN HIGHLANDS

49

PINCELADA See Pincelada as it’s never been seen before. Brand new home automation, innovative technology, and exceptionally redesigned finishes. Experience an oasis courtyard with private, resort-style guest suites and endless luxury amenities. This home can only be described as an incomparable architectural masterpiece.

The great room was intended for the appreciation of art and architecture, the vastness of the space is brought to balance by the modern artistic interpretations of the five elements; glass, wood, stone, metal and fire. Details of art through glass and painting give stage to an oceanic dining experience and the aquarium in its presence appears to hold guardianship over the wine conclave. Designed for a chef, the kitchen is a masterpiece of its own, purely extravagant yet exceptional in its function and is manipulated through its use of position and materials.

Devoted to the ideas of guests, hospitality and entertainment, the family room and game room are perfect for all occasions with disappearing walls to expand this amazing space outdoors. The amenities within this home truly set it apart, including a spectacular atrium, home theater, arcade, executive office, wine cellar, fitness room, spa, an amazing master retreat plus five additional bedroom suites. The finishes are unmatched and the views indescribable. Gaze out at the entire valley from the infinity edge pool or one of the many patios.

SHAPIROANDSHER.COM

50

|

702.315.0223

MACDONALD HIGHLANDS

605 ST CROIX STREET $

8,695,000

|

14,485 sqft

|

6 bed

|

9 bath

|

4 car

|

casita

51

SHAPIROANDSHER.COM

52

|

702.315.0223

MACDONALD HIGHLANDS

605 ST CROIX STREET $

8,695,000

|

14,485 sqft

|

6 bed

|

9 bath

|

4 car

|

casita

53

SHAPIROANDSHER.COM

54

|

702.315.0223

MACDONALD HIGHLANDS

586 LAIRMONT PLACE $

4,650,000

|

13,163 sqft

|

5 bed

|

10 bath

|

10 car

|

casita

55

459 ST. MORITZ DRIVE $

3,499,000

|

7,812 sqft

|

4 bed

|

6 bath

|

4 car

|

.74 acre

MACDONALD HIGHLANDS

SHAPIROANDSHER.COM 56

|

702.315.0223

COMMUNITY

CELEBRATING OUR VERY OWN

we are proud of our shapiro & sher team

MAUREEN ROBISON

Honored as ‘40 under 40’ Hall of Fame Member

by The Greater Las Vegas Association of Realtors

LISA GOULSTON

Nominated ‘2017 People to Watch’ in Las Vegas Women Magazine

HATTIE BAKER

Promoted to Assistant Manager at Ascaya

57

650 ST CROIX STREET $

2,498,000

|

8,631 sqft

|

5 bed

|

7 bath

|

4 car

MACDONALD HIGHLANDS

SHAPIROANDSHER.COM 58

|

702.315.0223

INTEGRITY. TRUST. SERVICE. Nevada Title Company has the experience to close your transaction on schedule. No matter how complex or simple your escrow is, we have the experience to do it right. And that experience is in the Nevada marketplace, right where you do business.

Nevada Title Company is the only nationally recognized, yet locally owned player in the industry. Our stable management team, committed officers and dedicated technology guarantee you will get the service you need to close the deal, every time.

2500 North Buffalo Dr. Las Vegas, Nevada 89128

702.251.5000

WATERSIDE LIVING, VEGAS STYLE. O N E A C R E L A K E F R O N T H O M E S I T E S S TA R T I N G F R O M L O W

$

1MILLIONS

1

2

3 4

NORTH

Private Park

5

6

Private Park

9

8

7

Reflection Bay Golf Course

Reflection Bay Golf Course

N O W A V A I L A B L E F O R P R I V AT E T O U R S Sales Office

Lake Las Vegas Parkway

702.564.0785 - WWW.LAKELASVEGAS.COM

SHAPIROANDSHER.COM

62

|

702.315.0223

LAKE LAS VEGAS

43 RUE MEDITERRA DRIVE $

6,300,000

|

9,328 sqft

|

4 bed

|

6 bath

|

4 car

|

casita

|

4000 sqft atrium

|

Indoor Pool

|

lake front 63

42 RUE MEDITERRA DRIVE $

2,799,000

|

7,710 sqft

|

5 bed

|

7 bath

|

3 car

LAKE LAS VEGAS

SHAPIROANDSHER.COM 64

|

702.315.0223

LOCAL EXPERTISE, NATIONAL STRENGTH Equity Title of Nevada has grown to become one of the top companies in the title & escrow industry. We attribute our success to the experience of our employees, the quality of our services, and our ongoing commitment to outstanding customer service.

EQUITY TITLE OF NEVADA www.equitynv.com

SHAPIROANDSHER.COM

66

|

702.315.0223

HISTORIC DISTRIC

2609 PINTO LANE $

3,199,000

|

6,294 sqft

|

4 bed

|

4 bath

|

2 car

|

tennis court

67

Soaring Heights. Spectacular Views.

Extraordinary Lifestyle. The Next Era. 68

69

2 017

FIRS T

COMMUNITY / ADDRESS

C O S M O P O L I TA N

3708 S LAS VEGAS BLVD 4619

METROPOLIS

360 E DESERT INN RD 1601

ONE QUEENSRIDGE PLACE

9101 ALTA DR 1104 9101 ALTA DR 607 9101 ALTA DR 1202 9101 ALTA DR 207 9101 ALTA DR 1403 9103 ALTA DR 501

PA N O R A M A T O W E R S

4471 DEAN MARTIN DR 1409 4575 DEAN MARTIN DR 1504 4471 DEAN MARTIN DR 2310 4471 DEAN MARTIN DR 3608

PA R K T O W E R S

1 HUGHES CENTER DR 1102 1 HUGHES CENTER DR 1204

M A N D A R I N O R I E N TA L

3750 S LAS VEGAS BLVD 4601 3750 S LAS VEGAS BLVD 4501 3750 S LAS VEGAS BLVD 2707 3750 S LAS VEGAS BLVD 3603 3750 S LAS VEGAS BLVD 3903 3750 S LAS VEGAS BLVD 4706 3750 S LAS VEGAS BLVD 3109 3750 S LAS VEGAS BLVD 3308 3750 S LAS VEGAS BLVD 2807 3750 S LAS VEGAS BLVD 2808 3750 S LAS VEGAS BLVD 2503

SKY LAS VEGAS

2700 S LAS VEGAS BLVD 3202

TRUMP TOWERS

2000 FASHION SHOW DR 5507 2000 FASHION SHOW DR 4007 2000 FASHION SHOW DR 4008

T U R N B E R RY P L A C E

2747 PARADISE RD 2502 2777 PARADISE RD 2101 2857 PARADISE RD 2202 2777 PARADISE RD 3605 2777 PARADISE RD 3501 2747 PARADISE RD 2002

T U R N B E R RY T O W E R S

222 KAREN AVE 1207 322 KAREN AVE 3604

VDARA

2600 W HARMON AV 53001

VEER TOWERS

3722 S LAS VEGAS BLVD 3106 3726 S LAS VEGAS BLVD 807 3726 S LAS VEGAS BLVD 3604

70

QUARTER

HIGH

RISE

S TATS

SALE PRICE

SP/SQFT

SQFT

BED

BATH

CLOSING DATE

$1,325,000

$1,423.20

931

1

2

3/24/17

$655,000

$245.78

2,665

3

4

2/21/17

$1,400,000 $800,000 $2,150,000 $715,000 $1,150,000 $2,200,000

$451.61 $352.27 $557.57 $314.84 $435.94 $455.86

3,100 2,271 3,856 2,271 2,638 4,826

3 2 3 2 2 3

3 3 4 3 3 6

1/20/17 2/10/17 2/15/17 3/17/17 3/17/17 3/30/17

$640,000 $530,000 $850,000 $515,000

$387.41 $317.75 $433.23 $358.39

1,652 1,668 1,962 1,437

2 2 1 2

2 2 3 2

1/18/17 3/15/17 3/17/17 3/23/17

$2,000,000 $2,300,000

$568.99 $447.30

3,515 5,142

2 4

4 6

2/17/17 3/24/17

$1,825,000 $2,430,000 $1,149,000 $1,100,000 $1,160,000 $6,240,000 $1,650,000 $2,500,000 $999,999 $2,000,000 $1,820,000

$858.42 $1,142.99 $725.84 $665.86 $702.18 $1,591.02 $787.97 $859.11 $631.71 $687.29 $1,101.69

2,126 2,126 1,583 1,652 1,652 3,922 2,094 2,910 1,583 2,910 1,652

2 3 1 1 1 3 2 2 1 2 1

3 3 2 2 3 4 3 3 2 3 3

1/5/17 1/19/17 1/20/17 2/3/17 2/28/17 3/8/17 3/14/17 3/17/17 3/17/17 3/17/17 3/22/17

$500,000

$280.74

1,781

3

4

1/25/17

$639,000 $650,000 $650,000

$656.06 $667.35 $1,219.51

974 974 533

1 1 0

2 2 1

1/26/17 2/28/17 2/28/17

$895,000 $700,000 $650,000 $540,000 $990,000 $550,000

$319.07 $249.55 $231.73 $347.04 $352.94 $196.08

2,805 2,805 2,805 1,556 2,805 2,805

3 3 3 2 3 1

3 3 3 2 3 2

1/6/17 1/17/17 2/24/17 2/28/17 3/1/17 3/2/17

$518,000 $685,000

$312.61 $416.16

1,657 1,646

2 3

2 3

3/3/17 3/29/17

$529,000

$550.47

961

1

2

1/20/17

$1,235,000 $910,000 $1,782,500

$690.72 $491.89 $818.79

1,788 1,850 2,177

2 2 2

2 3 3

3/3/17 3/30/17 3/31/17

SHAPIROANDSHER.COM

|

702.315.0223

TURNBERRY PLACE

2777 PARADISE ROAD #3801 $

6,900,000

|

8,205 sqft

|

5 bed

|

9 bath

|

penthouse

71

2877 PARADISE ROAD #3703 $

4,499,975

|

6,401 sqft

|

4 bed

|

6 bath

|

penthouse

SHAPIROANDSHER.COM 72

|

702.315.0223

$

3,900,000

|

2857 PARADISE ROAD #3201

5,779 sqft

|

4 bed

|

7 bath

|

penthouse

TURNBERRY PLACE

73

R E A L E S TAT E

GLOBAL REAL ESTATE SUMMIT

when good people come together, great things happen

In a market saturated with real estate agents, what differentiates the exceptional from the average?

Collaboration.

Las Vegas is not an isolated market. Many luxury home buyers have homes elsewhere like Beverly Hills, Aspen, Scottsdale, Lake Tahoe and more. When you put your luxury home on the market, you need an agent that will go beyond staking a sign in the front yard. You want someone with connections to the top brokers throughout the country and even the world. Someone who doesn’t just sit back and wait for things to happen, but leverages relationships with the best of the best.

Shapiro & Sher hosted the Inaugural Global Real Estate Summit on April 1, 2017, inviting the 8 top worldwide Luxury Real Estate brokers, including the best brokers from Beverly Hills, Aspen, Tahoe, Newport, San Diego, Scottsdale, Paris and Monaco, to tour the Las Vegas market.

“Our goal for this weekend was to bring these agents together, educate them about the Las Vegas Market, and find out what’s been going on in their markets,” said Ivan Sher, Fine Home Specialist and co-founder of the Shapiro and Sher Group. “Las Vegas is now the home to some of the finest architecture, design, lifestyle components, and pricing that is considered a true value compared to like homes in our feeder markets.

We are excited to share that with the top luxury agents internationally. “ Since many luxury home buyers are searching for the perfect oceanfront, lakefront, or ski mountain property, Las Vegas may not be the first place that buyers, or agents think of for dramatic views. Until now. The tour began at Ascaya, a new development in Henderson that promises to be the finest desert contemporary community in the nation.

According to Ivan, “Unlike other developments where you have varied designs, Ascaya is dedicated to one theme and architectural elegance.

It will be like driving through a magazine.”

74

REAL ESTATE

75

The agents were astounded by the magnificent beauty as disappearing pocket glass doors married the living space with the Vegas skyline. Remarkable views set the backdrop for the infinity edge pool. “I didn’t even notice that there wasn’t any grass. I looked right beyond that to how beautiful the views were,” said Amy Joffe who works with her husband, Robert and handles the marketing for the Joffe Group in Scottsdale, Arizona.

One of the most astounding benefits of the Las Vegas luxury home market is the lavish opulence you will find for the money. The tour took agents to six extravagant listings ranging in price from $6 to $30 million. According to Laurent Demeure, owner of the #1 international Coldwell Banker office, a home in the South of France similar in size to Ascaya would be listed for between $12 and $15 million.

“In the coastal market, a home like this would be close to $13 million,” said George Geronsin, a Berkshire Hathaway broker and the #1 top Selling Agent in Orange County who represents homes ranging from $800,000 to $18 million. “On Ocean Blvd you’d be looking at $6 million (to start) just for a tear down.”

What could a client get in other markets for around $3 to $5 million?

According to Jade Mills (#1 Beverly Hills realtor) and Drew Fenton (a top producer at Hilton and Hyland), in California, $3.4 million will get you a 2700 square foot 76

home south of Wilshire with decent finishes that backs up to a busy commercial street, while $5 million will get you a tear down in Beverly Hills, near Santa Monica.

Carrie Wells, Aspen’s Finest Luxury Real Estate Agent with Coldwell Banker represents condos ranging from $550k up to homes listed for $30 million in Red Mountain.

“Aspen is experiencing a real lack of inventory for condos,” said Carrie. “All of the condominium projects were built in the late 60’s and you can’t develop that type of density anymore.” You may find a home for $3 -$5 million. “$4.5 million will get you a new construction 1 mile east of town. The finishes won’t be that good and you are looking at a property right on Highway 82 (one of the main roads to enter Aspen) so there will be a lot of traffic noise. Aspen is location driven. The further you get from the Core, the less expensive.”

Interested in a vacation home in Tahoe? “The area is so diverse,” says Trinkie Watson, a top luxury broker covering Lake Tahoe and Truckee. “Tahoe is 25 miles long and is made up of so many different communities.

Its East Side is the least populated, as most of the land belongs to the state.” While Tahoe is experiencing a very low inventory right now, it’s possible to find a home for under $5 million. “For $2 million, you could find an older home on the east side lakefront, probably a smaller, older cabin with no pier.”

One of the goals of the weekend was to counteract any preconceived notions about the Las Vegas market.

“I don’t think I had any specific thoughts coming in to this,” said Trinkie. “There has been so much change in Las Vegas since the last time I was out here that I didn’t know what to expect. The one thing that’s very noticeable is that all of the product is pretty much new.

In Tahoe, other than Martis Camp development, most of our stuff is older, which has been a challenge.”

The agents discussed best practices and how they went above and beyond in their own businesses. “I’m not big on personal marketing, but I think of each property as its own account and I am its account executive. Each campaign is specific to the property”, said Drew. “In general, it’s about keeping the client happy ahead of everything else; making sure they are satisfied.”

Tahoe isn’t the only market stalled by a lack of new inventory. Orange County is experiencing a similar shortage of new homes. “Any new homes that you are seeing on the coast are tear downs and redevelopment,” said George.

Peter Middleton, leader of the Pete Knows Team for Coldwell Banker in San Diego and La Jolla, explained how he connects with his clients on a deeper level: “I like to dig deep and find out what really drives people.

I had one client who was very standoffish in the beginning. I found out that her big driver was animals and she supported Helen Woodward Animal Center. I was able to connect with her on that and she opened up. When I sold her property, I made a donation on her behalf.” Ivan Sher agrees: “It’s that personal touch that our clients strive for us to have.”

In some areas, a lack of new homes is actually a positive.

“People that come to Europe want to buy something old,” said Laurent. “They want to get the true experience.” He was suitably impressed by the extravagant, old world style of a home in the Enclave (Summerlin) designed to mimic a palatial French cottage.

While market trends and average home prices may differ, one thing is obvious with every agent - their commitment to excellent customer service. Overlooking stunning scenery at Lake Las Vegas, the group engaged in a lunchtime mastermind, sharing how they best serve their clients through their marketing and going that extra mile. “This weekend is about learning from each other,” said Ivan. “We have similar clients and we work with similar designers, we need to stay connected.

When good people come together, great things happen.”

What was the best part of the weekend? The mastermind proved to be the overwhelming response. This portion of the Summit allowed them to share ideas, connect with one another, and learn how they could serve their clients better through the relationships forged. “It’s not about the money, it’s about the client,” said Ivan Sher.

It’s this spirit of collaboration and a commitment to fully understand the luxury home market throughout the world that sets Shapiro & Sher apart from the competition.

77

ASCAYA

‘Ink and Alcohol’ by Alan Hunter raising over $35,000 for Nevada Partnership for Homeless Youth

SCENE

THE ESTATES AT REFLECTION BAY 78

Exclusive Champagne Brunch revealing the newest expansion in Lake Las Vegas

Superior Protection For Your Property & Lifestyle As an owner of a luxury home, your personal insurance needs are anything but ordinary. With its custom design and unique architectural details, you deserve peace of mind knowing that if your home is damaged, your insurance will cover the costs of restoring it to its original condition.

For more than 35 years, Marsh Private Client Services has specialized in building custom personal insurance programs to better protect the property and lifestyles of successful individuals and families.

As a client of Shapiro & Sher, we invite you to receive a complimentary personal risk analysis and review of your current personal insurance program. To get started, please contact Clare Schachter at 702-804-7440.

FINANCE

EXECUTIVE INSIDER

an interview with Mike Gould of Nevada State Bank

Mike Gould is Senior Vice President of Nevada State Bank and mortgage lending manager for the bank’s parent company, overseeing a division that includes Nevada, Colorado, Washington and Oregon. He has spent the last 18 years managing mortgage teams in several different organizations, from small independent brokerages to large-scale corporate organizations.

Gould has been involved in real estate lending in southern Nevada for seven years, and is familiar with the special needs of high-income clients purchasing luxury homes or building custom homes. Because of his experience and perspective on the local market, we asked him for some insights into the unique southern Nevada real estate market.

What trends do you see in southern Nevada real estate?

Both home sales and prices are rising, while inventory continues to be thin. New home construction continues to improve, but we are still considerably off our prerecession numbers.

There are rumors of a bubble. Do you think we are in a bubble, or will the real estate market continue to grow?

I believe the market will continue to grow. With inventory on a national level being at a 20-year low and the job market continuing to improve, we still have some room to run. The economic outlook remains positive. This was reflected in the 2017 Nevada State Bank Small Business Survey, in which 77 percent of the business owners surveyed said Nevada’s economy is heading the right direction, and nearly 23 percent said they were planning to expand this year. Also, the median sales price in Las Vegas for the month of March was $242,000, making homeownership in Las Vegas very affordable.

MIKE GOULD | Mortgage Division Manager 702.855.4526 | Michael.Gould@nsbank.com 80

What part of the valley do you see as the next up-andcoming area?

The south end of the valley near Southern Highlands continues to grow and is adding new-construction housing projects.

Have you seen many out-of-state people buying luxury homes here? What are their reasons? We see a lot of out-of-state buyers making purchases in the Las Vegas luxury market. There are several reasons for this.

Housing prices here compare favorably with real estate in other areas, especially California. People can take the proceeds from selling a home in a high-priced area and either upgrade to an existing luxury home here or buy a lot and design their own dream home. We have a favorable state tax structure, especially for business owners who want to set up a primary residence in Nevada. We also offer great weather, entertainment options, and affordability for retirees.

What are the advantages of dealing with a broker that specializes in high-end properties?

A real estate broker that specializes in high-end properties has the knowledge and contacts to place a client in the right house that meets all their needs. They are also able to list luxury properties for a client and get that listing in front of the right prospects who may be in the market for a luxury home. From a financing perspective, it’s critical to have a banker that offers portfolio mortgage products designed to service the self-employed client who may have complicated tax returns and multiple businesses. At Nevada State Bank, our Private Banking Mortgage Loan Officers are well versed in working with high-net-worth clients who may have more complicated financials. The Private Mortgage Bankers at Nevada State Bank receive rigorous training in tax returns* and financial analysis so they can offer a mortgage that meets their clients’ needs.

Loans subject to credit approval. Terms and conditions apply. *Mortgage Loan Officers do not offer tax advice.

BANKING MEANS LUXURY LIVING If you’re in the market for a luxury home, Nevada State Bank is the door to your future. Our experienced lending team can take what seems like a complicated process and make it feel easier for you. And with low rates and the ability to finance* large transactions, we can help make buying the home of your dreams a reality.

BRING YOUR BANKING HOME.

nsbank.com | 866.535.3065

*Loans subject to credit approval. Amounts exceeding $424,100 qualify as a Luxury (Jumbo) Loan. Terms and conditions apply. ZB, N.A. NMLS# 467014.

A division of ZB, N.A. Member FDIC

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