Luxury Estates International - Las Vegas | Spring Issue 2017

L a s V e g a s LAS VEGAS’ PREMIER LUXURY REAL ESTATE BROKERAGE

LAS VEGAS SPRING ISSUE | 2017

REAL ESTATE BROKER

KAMRANZAND THE RIGHT

CHOICE.

7 0 2 . 3 5 4 . 2 0 2 3 | K a m r a n @ L u x u r y E s t a t e s . c o m | L u x u r y H o m e s L a s Ve g a s . c o m

“SPRING FORWARD” TO BUYER SEASON It couldn’t be a more exciting time to live in Las Vegas. With the recent confirmation by the NFL that the Raiders will relocate here from Oakland, there’s a buzz in the air that comes with being a legit sports town.

That buzz will only grow as the Vegas Golden Knights take to the ice this fall at the T-Mobile Arena as the latest NHL expansion franchise.

Our city is growing and as we “spring forward” to a new season, people are thinking about more than sports.

They’re thinking about homes. Spring is traditionally one of the busiest times of the year for property listings.

The National Association of Realtors says the top 10 dates for home listings in 2016 were all in the months of April, May or June. So expect the market to once again be hot this spring, especially in the Las Vegas Valley where the population is among the fastest growing in the country.

When it comes to property listings worth $1 million and up, in 2016, we were able to secure 25 percent more of our original asking price and sell 68 days faster than the market average. Our success is based on having a seasoned team in place, covering every aspect of every transaction.

For the first time, I’m excited to pull back the curtain and share with you how our team works together in setting new standards in the industry for marketing and selling luxury homes. Just turn to page 18 for a behindthe-scenes look at our fine-tuned operation. I think you’ll enjoying seeing how we put the pieces together.

win. Contact us for all of your real estate needs.

Cheers,

Kamran Zand Broker/Founder Luxury Estates International

LUXURY ESTATES INTERNATIONAL

Just like any good sports team, I’m confident to say that Luxury Estates International knows how to play to

3

LAS VEGAS

KAMRAN ZAND CEO/ Publisher/Real Estate Broker

LEAH VIGIL Chief Marketing Officer/Designer

ROBERT KACHELRIESS Copywriter

CONTRIBUTORS Jennifer Stilz - Designer Luxury Homes Photography

@KamranZand | @LXRYEstates | @LuxuryEstatesLasVegas

FEATURE YOUR HOME IN THE NEXT ISSUE All listings are exclusively presented by Luxury Estates International. To be featured among the most elite properties in Las Vegas, please contact Kamran Zand at 702.354.2023 | Kamran@LuxuryEstates.com

702 354 2023 | L UXURYH O M E S LA S V E GA S. C O M

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ABOUT THE MAGAZINE The Luxury Estates International - Las Vegas magazine is a seasonal publication featuring the most sought-after properties in the Las Vegas Valley.

Providing an unprecedented level of visibility to both buyers and sellers, the publication’s annual readership is over 100,000. The magazine is distributed and targeted to a select, private and qualified group of readers who are buyers of luxury goods, collectors of fine art and investors in $500,000 to million-dollar properties. The features and editorial content focus on luxury living at its best.

VIEW MORE PHOTOS: Visit www.LuxuryHomesLasVegas.com and enter the property web ID# within the search bar to view more information. Š 2017 Luxury Estates International LLC. The Luxury Estates International logo and LEI acronym are registered service marks owned by Luxury Estates International LLC in the United States. Each office is independently owned and operated. All information in this magazine is deemed reliable, but not guaranteed. If your home is listed with a real estate broker, this is not a solicitation for your business, please disregard.

SPRING 2017

CONTENTS

12

8

Exclusive Interview: Behind the Design with Philippe Ziade, CEO Growth Luxury Homes

Exclusive Interview: I Heart Vegas with George McPhee, GM Vegas Golden Knights

24

Featured Story: Significant Milestones with Yohan Lowie 5

16

18

Featured Story: What It Takes To Market & Sell Luxury Real Estate

70 LEI Team: Meet the Luxury Estates International Family

32

Community Spotlight: The Ridges of Summerlin

Noteworthy: The Cosmopolitan of Las Vegas Gets Top Dollar

36

Building Spotlight: Park Towers

73 Market Report: View the latest Las Vegas Valley Properties Sold in the First Quarter

78 Event Snapshots: What’s Happening at Luxury Estates International

LUX URYH O ME S LA S V E GA S . CO M

6

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Featured Masterpiece: Anthem Country Club Estate

SPRING 2017

GALLERY

M AC D ON A LD HIGHLA N DS

ANTH EM COU NTRY CLU B

44, 50

40 FEATURED PR OPE RT IE S

M A N DA R IN OR IE N TA L

52, 60

VEER TOWERS

56, 64 T HE R ID GE S

46

Allure

Page 42

Eagle Hills

Page 59

Paradise Crest

Page 66

Queensridge

Page 48

Sierra Vista Rancho

Page 62

Turnberry Towers

Page 67

Blue Heron

Page 54

Centennial Hills

Page 63

The Cosmopolitan

Page 67

Park Towers

Page 57

Regency At The Lakes Page 63

Spanish Trail

Page 58

Panorama Towers

Page 66 7

I Heart Vegas HOCKEY COMES HOME

H

e may be a newcomer to Las Vegas, but George McPhee

150,000 square feet and will be one of the best in the league,

already feels right at home. The first-ever general manager for

if not the best. You need these things like this if you want to get

the Vegas Golden Knights is getting accustomed to everything

the top players in the league to play here.”

this amazing city has to offer, including the master-planned community of Summerlin.

McPhee is focused on the upcoming NHL draft and putting together a summer conditioning camp for prospects. He says

8

McPhee chose a home that was close to the team’s west valley

Las Vegas is primed to become a true sports town and the

practice facility and office complex. He’s looking forward to

T-Mobile Arena was built specifically with hockey in mind. “There

splitting time between Summerlin and the T-Mobile Arena on

aren’t any dead spots in the arena. They built it tight. Not only

the Strip, noting the team will enjoy the advantages of not only

are the sightlines good, but you’ll be able to hear everything

one, but two state-of-the-art facilities.

on the ice.”

“This might be the best setup I’ve ever seen in an NHL city,”

In addition to having the best hockey venues in the country, Las

he says, adding that construction is nearing completion at

Vegas comes with plenty of perks to enjoy. McPhee says he’s

Downtown Summerlin. “It’s a massive practice facility. It’s about

had the pleasure of seeing Cirque du Soleil shows, exploring

I Heart Vegas

The facility, situated in Downtown Summerlin, will feature two NHL-sized ice sheets for both NHL and public uses.

the city and checking out Vegas’ top restaurants. He also paid a visit to the scenic Red Rock Canyon with his daughter over the winter holidays. “We spent a lot of time climbing rocks out there,” he recalls. “She was over the moon. We loved it.”

The Vegas Golden Knights have yet to play a game, but are already making a commitment to be deeply involved in the community, whether it’s working with charities, fostering education or promoting youth athletics. The team recently hosted a Spring Break Street Hockey tour, signing up hundreds of LU XURY H OM E S LA S VE G A S .C O M

kids to try out the sport at local recreation centers. A partnership is also in place with Nevada Storm Youth Hockey to rebrand the players as Vegas Junior Golden Knights while offering them access to the Summerlin practice facility. In addition, the Golden Knights have teamed up with the “You Can Play” initiative, promoting hockey as an inclusive sport for youngsters of all backgrounds.

“We will be deeply imbedded in the community,” says McPhee.

“It’s the only way it works, and it’s the only way you want it to work.”

10

Q: A:

SO... CAN A TEAM WIN

“

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BEHIND THE

DESIGN PHILIPPE ZIADE, CEO | GROWTH LUXURY HOMES

A

s the founder of Growth Luxury Homes (GLH), Philippe Ziade

efficient than a typical new home with a focus on Energy Star

is doing more than building houses. He’s redefining an industry.

appliances or features, water management, thermal enclosure

The company is setting new standards in the construction of

and indoor air quality.

custom homes in Las Vegas - based on quality, technology, cutting-edge design and luxury features. With more than 90

“Usually the air inside a house is three to four times more polluted

properties either under construction or being designed in the

than outside,” says Ziade. “That’s due to building materials,

Ridges, MacDonald Highlands, Southern Highlands and other

bacteria in the duct system and how humans live.” With Growth

parts of the Las Vegas Valley, GLH is a driving force in creating

Luxury Homes, it’s the other way around. The air is purified and

the next generation of ultra-luxury homes.

filtered, allowing it to be cleaner than the air outside the home.

ORGANIC HOMES

Organic homes also take advantage of emerging “smart

“If you eat organic food, you might as well live in an organic

home” technology. Body heat and motion sensors throughout

house,” says Ziade. “The air that you breathe is just as important

the residence keep track of the people in each room, making

as the food you eat.”

climate adjustments accordingly while minimizing the use of energy. “Wherever you go in the house, it’s always the same

GLH’s approach to building “organic homes” goes far beyond

temperature, regardless of how many people are in a room,”

traditional building practices by meeting and exceeding the

adds Ziade. “We also have a special loop where hot water only

Zero Energy Ready Home standards set by the Department

exists in an occupied room. If you move to the next room, the

of Energy. Under the scrutiny of third-party verification, the

hot water will follow you within three to five seconds.”

designation comes with being at least 40 percent more energy 13

GLH is in the process of finalizing a groundbreaking project with one of the largest energy-focused tech companies in the world.

Ziade is able to further maximize performance by keeping the

custom home in eight months instead of the routine 18-24

home “100 percent insulated from the exterior” and ensuring

months. Transparency is the key element of what Ziade calls

there is no air leakage with a thorough pressure testing system.

a “true partnership” with the client. The company developed its own cloud-based software to manage the entire project

GLH recently unveiled the largest Zero Energy Ready Home

online while allowing the homeowner to follow the progress

in the country at 45 Painted Feather Way in The Ridges of

in real time.

Summerlin. At nearly 15,000 square feet, the residence is a

702 354 2023 | L UXURYH O M E S LA S V E GA S. C O M

14

timeless masterpiece, blending a European exterior with an

“Whatever I see, they can see,” says Ziade. “They can track

ultra-contemporary interior, luxury furnishings and energy

the schedule, budget, design, change orders, every drawing,

efficiency. With views of the Strip, multiple outdoor balconies

the pictures we upload every week on the progress, how

and a living room that majestically opens wide to a stunning

much is paid to date and the balance.” A livestream camera

infinity pool twisting through the backyard and patio, this

system is also being put together, so the job can be viewed

organic home sets a new benchmark for luxury living in Las

online anywhere in the world.

Vegas.

LOOKING TO THE FUTURE ACCOUNTABILITY

Ziade is in the process of finalizing a groundbreaking deal for

Growth Luxury Homes invests heavily into spec building,

Growth Luxury Homes that could inspire and reshape how

development creation, in-house design and architecture.

people live in the future: building the first self-dependent

However, Ziade knows a home has to be more than innovative

luxury community in the world.

and efficient. It has to be pleasing to the eye. “If I don’t build something that’s beautiful, it’s not going to sell,” he says,

Under a partnership with one of the largest energy-focused

noting that GLH has recently drafted designs based on a an

tech companies in the world, the plan is for the guard-gated

eye-popping Mediterranean modern style.

enclave to be constructed in the MacDonald Highlands area of Henderson, with the goal of being at least partially (if not

With technology, innovative systems and the right personnel

totally) off the grid. The homes will be solar-powered with

in place, Growth Luxury Homes can build a cutting-edge

zero emissions and as much renewable energy as possible.

Property Highlights: Page 46

“

GLH recently unveiled the largest Zero Energy Ready Home in the country located in The Ridges of Summerlin.

”

IF YOU EAT ORGANIC FOOD, YOU MIGHT AS WELL LIVE IN AN ORGANIC HOUSE,

THE AIR THAT YOU BREATHE IS JUST AS IMPORTANT AS THE FOOD YOU EAT.

Six different home designs have already been drafted. The team behind Growth Luxury Homes is also exploring “passive home” technology that disregards traditional heat and air conditioning - even in a desert environment. Instead, a new system will utilize thick walls, water-filled pipes and solar power

If that wasn’t enough, a technology development division is working hard on a new product that will monitor, rate and control the air quality of a home while detecting allergens and identifying them on a smartphone app.

All of these projects are fueled by innovation and a desire to push boundaries. “The knowledge is not what sets you apart,”

LUXURY ESTATES INTERNATIONAL

to control the climate of the house.

says Ziade. “What sets you apart is the willingness to push beyond your comfort zone. This is what we’re trying to do.”

15

NOTEWORTHY SALE

THE COSMOPOLITAN OF LAS VEGAS Kamran Zand sets another record on The Strip. At $1,423 per square foot, his most recent closing became the most expensive price per square foot for a resale condo in The Cosmopolitan of Las Vegas. It’s no surprise the unit was in high demand. Sitting on the 46th floor of the west tower, the one bedroom terrace suite featured a jaw-dropping unobstructed view of the Strip to the north, sitting in perfect position to overlook iconic landmarks like the Fountains at Bellagio next door, the High Roller observation wheel and the Eiffel Tower replica at Paris Las Vegas.

16

RAIDER S! WE LCO ME TO L AS V E GAS

SPORTSTAR RELOCATION

WHAT IT

TAKES

Action. Strategy. Execution.

TO MARKET & SELL These are the elements

that explain why the average listing over one million dollars with Luxury Estates International (LEI) is on the market for just 60 days - compared to an industry average of 128 days. As the fastest growing luxury real estate company in Las Vegas, LEI takes extra steps to exceed all expectations, thanks to a highly skilled team behind the scenes. Under the leadership of Broker and Founder Kamran Zand, the experienced and innovative operation is moving full steam ahead with what is already shaping up to be another record-breaking year in 2017.

18

LUXURY

REAL ESTATE

LISTED FOR OVER 4 YEARS WITH PREVIOUS BROKERAGES, KAMRAN ZAND

SOLD IT IN 48 DAYS!

HIGHEST SALE PRICE IN 4 YEARS FOR PANORAMA TOWERS | $1,850,000 19

THE PROCESS & THE RESULTS “It starts with a call,” says Zand about a new listing. “It’s typically

3D tour allows them to look at every part of the home without

from a past client, a referral or someone who received a copy

actually having to be there. They can look at the ceiling, the

of our magazine. From there, we’ll set up an appointment to

floor - nothing’s hidden.”

meet the prospect, look at the property and explain how our marketing works and how we offer exposure to potential buyers.”

Once the shoot is done, the photos are digitally edited with care and precision by Almeida’s team. “We’ll make sure colors

Once an asking price is agreed upon and an agreement is

are correct, windows aren’t blown out and things are exposed

secured, Listing Manager Liz Orozco discusses the property with

evenly so when someone looks at a photo, it’s not too dark or too

Zand and quickly moves the

bright,” he says. The whole

process forward. “I basically

process can take between

oversee the listings from

two and five days.

beginning to end,” she says.

When the photos are ready,

702 354 2023 | L UXURYH O M E S LA S V E GA S. C O M

20

That includes coordinating a

they land in the hands of the

photoshoot to showcase the

marketing team, led by Chief

property, a responsibility that

Marketing Officer Leah Vigil.

falls into the hands of Fraser

“Our listings are artwork in

Almeida of Luxury Homes

their own right,” she says. “We

Photography. His team will

approach the marketing plan

set up a shoot based on the

as if we are an art gallery,

ideal time of day to show off

and we’re presenting a

the home in the best lighting.

specific piece of rare art.”

“Most of the time, Kamran likes us to get everything done,” says

Vigil coordinates with Zand from the very beginning, crafting

Almeida. “Wide-angle shots of the entire property, detailed

a marketing blueprint before a single photo is taken. “There’s

interior photography and aerial photography.”

an initial meeting that goes into strategizing what needs to happen and from there, we establish an action plan to ensure

From cleaning the windows to staging the home with any

each listing’s unique attributes are presented in a manner that

needed furniture, all bases are covered. “Kamran is very

draws in appeal and interest. It is our mission to ensure our listings

meticulous about details,” adds Almeida. “He doesn’t just

make the buyer’s must-see list.”

want a photo. He wants the image to represent a mood and feel. It’s more than just a space.”

A listing is about more than just photos. LEI employs an in-house copywriter to research the home, interview the seller and craft

The team will also scan every corner of the residence to create

a profile that goes beyond merely listing stats and figures. The

an online 3D tour. “Sometimes we’ll have buyers from out of

listing may also feature a cinematic video with professional

the country purchase a property sight unseen,” says Zand. “The

actors portraying how a new owner’s lifestyle will match up

SOLD IN DAYS

13

SOLD FOR 100% OF ASKING PRICE | $2,250,000 with the property. In addition, LEI can design a custom website

Eric White, both licenced agents, to plan how each property

to highlight the unique features of a home.

will be presented. “Each home has a specific and unique presentation,” says Zand. “We don’t just tour a property, we

“

LEI’s unique style is also seen in the seasonal publication that

create an experience, using trained specialists who know the

you’re holding in your hands right now. In addition to profiles,

story of the home, how the technology works and the details

interviews and features, the magazine has descriptions of highly

about the neighborhood.”

desirable properties, allowing them to be seen by a readership of affluent potential buyers. “We give our clients targeted local and international exposure they may not find elsewhere,” adds Vigil. “It also aligns them with other hand-selected companies and brands that connect with readers as well as our red carpet level of service.”

By having an in-house marketing team with depth and resources,

”

THERE’S NO BROKERAGE IN TOWN THAT WILL PROVIDE YOU WITH A BETTER COMPETITIVE

ADVANTAGE FOR GETTING THE MOST MONEY IN THE LEAST AMOUNT OF TIME, SAYS ZAND.

LEI stands apart from the status quo. Vigil works frequently with

“The showings are very organized and structured,” adds White.

Marketing Coordinator Jennifer Stilz, noting that “we brainstorm

“We have a formula we follow to showcase the house in the

together, building many layers to make the best choices for

best way possible.” LEI doesn’t leave keys in lockboxes for

each property.”

strangers to allow themselves inside the home unattended.

“When inquiries come in, we take care of them personally and make sure they’re actually qualified buyers before scheduling

“I’m deeply involved in our digital marketing and direct mail

an appointment to tour the home. We’re not doing unnecessary

campaigns,” she says. “We’re able to design concepts, from

showings and bringing unnecessary traffic through someone’s

written content to graphics, and execute them ahead of the

house.” Zand, White or Aleman will arrive 30 minutes before

trends, while setting new standards in the market.” Vigil agrees,

the appointment to get the home in order, going the extra

adding, “To captivate an audience, you have to generate

mile with water bottles, brochures and anything else needed

emotion. That’s why we we stand out from the rest. We truly

for the showcase experience. “Even if it’s not a brand new

love what we do and are passionate about creating the very

home, we make it feel brand new,” says Aleman. “If it needs

best results for our clients.”

staging, we’ll do that too. Couches, furniture or even a flower arrangement in the middle of a kitchen can change the entire

Once the marketing is in place, Zand works closely with his

mood of the home.”

LUXURY ESTATES INTERNATIONAL

Stiltz keeps web, print and social media marketing on brand.

Executive Assistant Nattaly Aleman and Showing Specialist 21

When a showing is complete, Zand, White or Aleman will touch base with both the seller and Orozco back in the office to provide feedback on how the tour went and where the potential lies for an offer. “The clients absolutely love our level of customer service,” Aleman continues.

“It’s very personal. Within an hour after every

SOLD IN

21

DAYS

100% ASKING PRICE & MULTIPLE OFFERS | $1,350,000

showing, the seller knows the home is locked up and the lights are off.”

In today’s market, it’s also vital to harness the power of the internet. With an in-depth understanding of social media and online marketing, LEI has the number one ranked website on Google for searches of keywords related to luxury real estate in Las Vegas. Yet when social media has it’s limits, LEI is able to find alternatives.

“We have a partnership with Caimeiju, which is

SOLD IN DAY

a company that markets our properties to Asian

1

buyers looking to purchase homes in the United States,” says Zand. “Sites that are popular in the U.S. may not be available in Asia, so Caimeiju allows us to market our properties through their database, especially to Chinese buyers who are now the most aggressive foreign investors of American real estate.”

HIIGHEST PRICE PER SQFT IN NEVADA | $1,633 PER SQFT

International is able to consistently sell homes

702 354 2023 | L UXURYH O M E S LA S V E GA S. C O M

for more money in less time. Every member of the team plays an important role in preserving and elevating the standards and success of the company. It’s an operation that’s built on innovation, putting clients first and allowing the company to effectively grow under an established and experienced support structure.

“We have specialists who handle each aspect

SOLD IN

9

SOLD FOR 96% OF THE ASKING PRICE | $1,050,000 22

With each piece firmly in place, Luxury Estates

DAYS

of our listings. It’s not one agent trying to do everything,” Zand points out. “Our process is sophisticated, polished, organized and systematic while still offering that boutique experience and personal attention that every client deserves.”

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SIGNIFICANT MILESTONES

YOHAN LOWIE

O

ver the past 25 years, Yohan Lowie has been the man behind

some of the most unique and creative real estate designs in the Las Vegas Valley. In addition to One Queensridge Place, Tivoli Village, commercial parks, and hundreds of lavish custom homes, the founder and CEO of EHB Companies has led the effort to construct the elegant and majestic Nevada Supreme Court building that recently opened in Downtown Las Vegas. Built in just 14 months, the structure is a neoclassical masterpiece of stone and marble, enveloped by towering Roman columns. “I decided this was a once-in-a-lifetime opportunity to build something unique,” says Lowie, who found inspiration for the design from historic buildings in Washington, D.C. The project is a robust progression from the early 90s, when Lowie first arrived in Las Vegas to work for a developer. “I came here to learn how to build homes very quickly,” he remembers. “I took this business model of building tract-homes and turned it into building custom homes.

Within a couple years I started building for myself.” Lowie founded Executive Home Builders (later redefined as EHB Companies) in 1996 with Paul Dehart as head of construction operations. They believed the Las Vegas market was ripe for large single-story custom homes, building more than 50 of them within a period of about three years.

The number grew to 40-50 custom luxury homes a year.

Yohan Lowie led the effort to construct the elegant and majestic Nevada Supreme Court building that recently opened in Downtown Las Vegas.

Lowie remembers experimenting with the use of stone back in

than 20 countries. Tivoli Village first opened in 2011 with a second

the late 90s, prompting his company to source and manufacture

phase revealed in late 2016, further increasing its presence as an

its own materials. “Since then, I don’t think one house we built or

attraction for those living nearby in the Queensridge community.

structure we’ve erected doesn’t have a significant amount of stone in it,” he says. As the homes became larger, typically north of 15,000 square feet, the masonry used produced a timeless aesthetic appeal, as well as a potential two to three-hundred year lifespan. “I started moving away from the typical wood and metal framed buildings to then create permanence in those mega-estates,” he adds. “To create an heirloom if you will.”

”

TO DREAM IT, EXECUTE IT AND BUILD IT.

LUXURY H O ME S LA S V E GA S . CO M

EHB Companies took on a unique challenge with One

Lowie is sharpening his vision for the area, hoping to develop

Queensridge Place, a pair of skyscrapers that brought the

density around the Rampart corridor between the Summerlin

concept of luxury residential high-rise living from the Strip to the

Parkway and Charleston Boulevard, while setting the stage for an

edge of Summerlin. Constructed in 2006, the 219-unit complex

upscale community of the future. The plan includes large estates,

was able to ride out the recession that hit the same year, and

lush landscaping and scenic views. “Every house is going to be

eventually generate revenue of more than $500 million. “It was

different,” he says. “Every lot is going to be different.” Lowie also

a custom home neighborhood made vertically,” says Lowie.

wants to take advantage of technological ingenuity, including

“That’s how I designed them.” He notes the towers are attractive

a system of underground geothermal loops to maintain and

to people accustomed to big homes and swimming pools, but

modify the temperature of each residence.

don’t want the upkeep that often comes with maintaining that affluent lifestyle.

Each one of Yohan Lowie’s projects are based on a unique passion for art, design and composition. There’s little doubt

Lowie and his team also developed several commercial

that EHB Companies will draw further excitement and interest

properties, including Tivoli Village, a 785,000 square foot retail,

while continuing to help shape the modern image of Las Vegas.

dining and office complex that includes vibrant outdoor promenades and Old World architecture. $850 million was spent to create the 35-acre masterpiece with malachite, sapphire, citrine, onyx and other forms of exotic stone imported from more

26

“

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“The court floor is exactly the same construction as the Boston Gardens where the Celtics play,” says Ackerman.

G

702 354 2023 | L UXURYH O M E S LA S V E GA S. C O M

30

ary Ackerman got more than an architect when he hired

connected to the swimming pool is similar to a trough used to

the late Gordon Rogers to design and build his dream home.

collect silver sediment.

“He was an artist,” Ackerman remembers. “He would do

Rogers, familiar with a more vibrant desert in Arizona, originally

drawings on napkins. Everything was hand drawn. He said, ‘I

wanted to use natural materials from the surrounding

don’t use computers for a reason. They change what I draw.’

Southern Nevada environment. “But you can’t build a house

Every time there was a major change, he’d hand draw a new

out of mesquite wood or sagebrush,” notes Ackerman. Using

set of blueprints.”

Nevada desert rock was also out of the question, since it didn’t lend itself well for construction. So they imported stone

The two joined together to design Ackerman’s “dream home

from Arizona. “We ended up ordering so much, we bought

in the desert,” a masterpiece of stone, wood and light. It was

the last stone in the quarry.”

the first custom estate built within Anthem Country Club, a private Henderson golf course community with lush scenery

The stone was stacked and assembled by Rogers’ team of

and sweeping views of the Las Vegas Valley.

specially-trained Navajo Native Americans. “They stayed in town for six months,” remembers Ackerman. “They used no

Based in Arizona, Rogers found inspiration in the history of

power tools. It was all done by hand. They chipped each

Nevada and modeled elements after the state’s rich legacy

stone to fit properly. It was amazing to watch them work.”

of mining silver. “The interior courtyard is representative of a mine shaft,” Ackerman points out. “The way he did the

That careful attention-to-detail is seen in every element of

trusses and triangular shape is the same way ceilings are held

the home, from the koi pond that shares indoor and outdoor

up in the old mine shafts up north.” A tranquil water feature

space to the stunning infinity pool that shifts direction and

“

”

THEY USED NO POWER TOOLS. IT WAS ALL DONE BY HAND.

lines up perfectly to blur the distinction of where it ends and a nearby lake begins. An indoor garden serves as the formal dining room with furniture custom designed to match unique spaces throughout the residence. Rogers even refused to stain any wood, insisting on natural colors.

When the home was initially finished, an opportunity came up for Ackerman to buy the lot next door. He considered using the property to create a neighborhood park and playground while covering the cost himself. However, the HOA turned down the idea, saying the land could only be used for residential construction.

So Ackerman got back together with Rogers and the two masterminded a second wing for the home. It includes an indoor full-length Olympic volleyball court that doubles as an NCAA regulation half-size court for basketball. “The court floor is exactly the same construction as the Boston Gardens where the Celtics play,” says Ackerman. “That wing is probably my favorite part of the house.” Both wings are connected by an elegant loggia, lined with stone, stained glass and serene landscaping.

The 15,873 square foot home also includes six bedrooms, eight bathrooms, a theater room, two bars, gym, casita and garage space for eight cars. Sitting on a full acre, it overlooks Club, but also the Strip and mountains in the distance.

Every element of the home was crafted with precision, offering a unique mix of art, space and family comfort. Before he died, Rogers told Ackerman that the home was his favorite creation. “It was the largest one he ever did. And I was probably the owner who gave him the most power. He was an Old World artist.”

LUXURY ESTATES INTERNATIONAL

not only the nearby fairways and lakes of Anthem Country

31

COMMUNITY

SPOTLIGHT

THE RIDGES There’s more than one way to enjoy life in Las Vegas. While the Strip and downtown both offer a busy pace and countless tourist attractions, Summerlin is better suited for those looking for a quiet retreat away from the action.

Featured Listing: Page 46

32

Located in the far west valley, the master-planned community by the Howard Hughes Corporation is comprised of several villages with The Ridges now considered the most exclusive and one of just four actively selling right now.

Featuring a concentration of custom homes that fill out eight neighborhoods, The Ridges sits high on the western rim of Summerlin, framed by the spectacular natural beauty of the Red Rock Canyon National Conservation Area. The elevation gives residents the rare opportunity to enjoy both Strip and mountain views from their estates.

Covering 793 acres, The Ridges offers a balance of contemporary architecture, upscale living and scenic surroundings. Construction on the village first got underway in 2000 with two remaining neighborhoods, Azure and Indigo, still actively selling lots at prices that start above $700,000. Three neighborhoods (Boulder Ridge, Silver Ridge and Sterling Ridge) are building highly personalized homes from just under $900,000 to over $2 million. A secluded custom homesite known as “the Sanctuary” can only be reached by its own private drive and is perched in a spectacular location that overlooks the entire Las Vegas Valley.

Many homes in The Ridges border Bear’s Best Golf Course, designed by Jack Nicklaus, one of the sport’s greatest competitors. The 18-hole daily-fee course is comprised of more than 7,190 yards of gorgeous green grass and recreates signatures holes from other Nicklaus courses throughout North America. There is also Club Ridges, a 9,000 square foot fitness center exclusively reserved for residents with five tennis courts, a resort-style swimming pool and workout areas.

However, homeowners frequently site Summerlin’s 150-mile long system of walking trails as their favorite amenity. They sit alongside more than 150 parks well suited for hiking, rock climbing and other outdoor activities.

Sitting just west of the 215 beltway, The Ridges is just a short drive away from the Strip and McCarran International Airport while being close to the Downtown Summerlin retail district and Red Rock Resort. It’s also near the practice facility expansion team for the National Hockey League. The team will play its first game later this year and is planning to be an involved member of the community.

The Ridges was designed to represent the pinnacle of luxury living in Summerlin and continues be a top choice for business leaders, celebrities and affluent families in Southern Nevada.

LUXURY ESTATES INTERNATIONAL

and administrative headquarters for the Vegas Golden Knights, the latest

33

Contemporary Art Focusing on Mixed-Media Paintings & Sculpture

Gallery Row at CityCenter - Las Vegas, Suite 275 | 760.600.0417 | ElenaBulatovaFineArt.com

b. 1946

ELENA Elena portrays a beautiful Cirque du Soleil performer.

Suspended in a ring of infinity, she magically defies gravity.

Elena symbolizes the human capacity for beauty, grace, and exceptional physical strength.

Elena Bronze 34 x 19.5 x 16.5

Gallery Row, next to ARIA Bellagio “O” Theatre theartofrichardmacdonald.com

702.730.3990 FINE ART GALLERIES: Carmel • Hong Kong • Laguna Beach Palm Desert • Singapore

BUILDING

SPOTLIGHT

PARK TOWERS Views. Convenience. Luxury. Location.

These are just a few reasons why the residential high-rise lifestyle is so appealing in Las Vegas. Yet Park Towers at Hughes Center manage to combine those elements into an identity that is truly their own.

Opened: 2000 | 2 Towers | 20 Stories | 84 Units | 2,000-9,000 SQFT | $650,000-$7M+ | Featured Listing: Page 57 36

Built in 2000, Park Towers helped kick off the modern high-rise boom in and around the Strip. Developed by Irwin Molasky and Steve Wynn, the two-tower complex powered through the recession with tenacity and continues to set new standards for balancing comfortable home living with luxury features.

Most buyers gravitate to Park Towers because they’re close to the excitement of the Strip, but still secluded and quiet, without any in-house restaurants or shops that might attract outsiders. The property makes privacy and security a priority, as every person who enters the front door must be cleared by a 24-hour security team - some of whom have been in place for years and know residents by name. A separate entrance is used for deliveries. The exterior of the complex is elegant in design, yet blends in well with the layout of the Hughes Center business park, where activity tends to die down after work hours.

Despite its reclusive nature, Park Towers are just a mile east of the Strip. A total of 84 units are spread among 20 floors in the two buildings. That leaves room for plenty of space in condominiums that tend to range from 2,000 to over 9,000 square feet, with larger units on higher floors. Renovations are common, allowing each home to retain a unique identity while staying current with contemporary trends, technology and features. Outdoor spaces and balconies are abundant, with views that wrap around corners and soak in every element of Las Vegas from all directions. It’s not uncommon to see the Strip, McCarran International Airport and mountain scenery from a single residence. An unobstructed view of the High Roller observation wheel is especially impressive.

The amenities rival those found at busy hotels on the Strip, but without the large crowds. A beautiful swimming pool is surrounded by a hot tub, cabanas and lush landscaping with tennis courts nearby. There’s a fitness center to keep your body in top shape, along with pilates and circuit training classes. A full-service spa offers hair and beauty treatments with appointments booked in the lobby at the front desk.

A further walk around the property reveals a stylish library with comfortable movie theater, especially popular during sporting events, comes with a popcorn machine, soft pretzels and full-size candy bars. The grand salon serves as a large gathering area and can be reserved for private parties with a full kitchen and a barbecue lounge area just outside on the patio. A billiards room with leather furniture is the only public space in the complex that allows smoking. Ideal for cigars, it includes a special filtration system to cycle out the air.

Park Towers offers a rare opportunity to enjoy resort-style luxury with privacy,

LUXURY ESTATES INTERNATIONAL

couches near an office with fax, copying and shredding services. A 14-seat

security and seclusion. Live life on your own terms, with spacious and spectacular custom living spaces in a prime location that’s hard to beat in Las Vegas.

37

Interior design that defines your individuality

JS INTERIORS GROUP

T:

702.963.6014 | info@ jsinteriorsgroup.com | jsinteriorsgroup.com

LAS VEGAS

FEATURED PROPERTY GALLERY

YOUR LUXURY HOME & HIGH-RISE SPECIALIST

39

702 354 2023 | L UXURYH O M E S LA S V E GA S. C O M

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MACDONALD HIGHLANDS Rooms, this multi-million dollar estate sits mountainside on an 18-hole championship golf course overlooking the best view in the city. For a distinctive lifestyle, the estate known as Moon Crest will not only meet every entertainer’s dream imagined but provide a tranquil resort-like escape. From the fully-equipped massage parlor, state-of-the-art gym, master chef kitchen to the two-lane bowling alley, golf simulator and full arcade - every desire is met within this jaw-dropping estate.

LUXURY ESTATES INTERNATIONAL

Declared the “World’s Best Party Room” by HGTV and featured on Million Dollar

14,031 SQFT | 4 BD | 7 BA | Price Upon Request | WEB ID: LEI2327

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702 354 2023 | L UXURYH O M E S LA S V E GA S. C O M

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ALLURE house, featuring a massive 1800+ sq. ft. outdoor terrace that overlooks the entire valley. Designed by Marc Tracy of Chemical Spaces, floor-to-ceiling windows frame the fun interior throughout. Highlights include 3 ensuite bedrooms, 144” motorized movie screen, surround-sound, inset accent lighting, automated blinds and much more!

LUXURY ESTATES INTERNATIONAL

Artistic two level penthouse brings style to the strip! Discover Allure’s top floor sky

4,237 SQFT | 3 BD |4 BA | $1,697,200 | WEB ID: LEI2293

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702 354 2023 | L UXURYH O M E S LA S V E GA S. C O M

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ANTHEM COUNTRY CLUB use of light, wood and hand assembled stone. Indoor and outdoor elements blend together with spacious atrium, koi pond, fire pits and large automated doors that open to infinity pool around corner of home. Also includes indoor basketball court, theater room, two bars, gym and casita. Impressive golf course, Strip and mountain views.

LUXURY ESTATES INTERNATIONAL

Timeless masterpiece by acclaimed architect Gordon Rogers makes dramatic

15,873 SQFT | 6 BD | 8 BA | $7,500,000 | WEB ID: LEI2297

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702 354 2023 | L UXURYH O M E S LA S V E GA S. C O M

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THE RIDGES home� in the country. Built by Growth Luxury Homes, the estate exceeds standards from the Department of Energy for Zero Energy Ready Homes. Timeless Mediterranean modern masterpiece has Strip, golf course and mountain views plus multiple balconies, 12-car garage, theater and towering ceilings that open wide to a stunning infinity pool twisting through the backyard.

LUXURY ESTATES INTERNATIONAL

The home of the future! This lavish estate in The Ridges is the largest “organic

14,615 SQFT | 5 BD | 10 BA | $12,000,000 | WEB ID: LEI2224

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702 354 2023 | L UXURYH O M E S LA S V E GA S. C O M

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QUEENSRIDGE drive up under the classic porte cochere to a welcoming double door entrance.

Immaculately maintained, the estate is a palace of elegance and convenience with fully equipped gym and indoor basketball court. A true “Baller home”, the entertainment wing features a theater with reclining stadium seating, bar and game room. With unimpeded views from the gourmet kitchen and expansive lanai to the 2-tiered pool and guest house, there’s a place for everyone.

LUXURY ESTATES INTERNATIONAL

Stunning and lavish 2-acre estate brings a classic Hollywood movie feel as you

15,816 SQFT | 8 BD | 10 BA | $7,500,000 | WEB ID: LEI2223

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702 354 2023 | L UXURYH O M E S LA S V E GA S. C O M

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ANTHEM COUNTRY CLUB of you. The iconic skyline can be seen from the master bedroom of this 9,338 square foot estate in the exclusive guard-gated community of Anthem Country Club in Henderson. However, one good view deserves another. The home is also surrounded by panoramic mountain scenery with a country club golf course just steps away, complete with rocks, water and fresh green grass.

LUXURY ESTATES INTERNATIONAL

Imagine waking up each morning with a view of the Las Vegas Strip right in front

9,338 SQFT | 6 BD | 9 BA | $2,999,500 | WEB ID: LEI12232

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702 354 2023 | L UXURYH O M E S LA S V E GA S. C O M

MANDARIN ORIENTAL A rare opportunity to enjoy plenty of space in a luxury-filled Las Vegas highrise. This corner unit penthouse at the Mandarin Oriental is loaded with special features, including iron gates to welcome you at the front door and spectacular views through floor-to-ceiling windows from the 43rd floor. Gorgeous sunsets can be seen over the mountain view to the west while iconic Strip landmarks like the Bellagio fountains can be seen to the north.

3,922 SQFT | 3 BD+Den | 4 BA | $5,500,000 | WEB ID: LEI2285

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MANDARIN ORIENTAL built from grey shell. Luxurious features include disappearing glass wall, multi-color indirect lighting system, imported cabinetry, surround sound, wireless QMotion sheer/blackout blinds and flush stainless steel baseboards with Fry Reglet reveal. The Vantage Home Automation System controls lights, blinds, temperature, audio and video.

LUXURY ESTATES INTERNATIONAL

When you settle for nothing but the best, this is your penthouse! Custom-

2,167 SQFT | 2 BD | 3 BA | $2,250,000 | WEB ID: LEI2236

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702 354 2023 | L UXURYH O M E S LA S V E GA S. C O M

BLUE HERON | VEGAS MODERN Modern Marvel! This rare ultra-contemporary custom home is situated on nearly half an acre. Endless features include a private gated entrance, rooftop access with Strip views and a state-of-the-art Control4 home automation system to conveniently control audio, lighting, televisions, cameras and more! Eco friendly & energy efficient solar panels save thousands of dollars a year in energy costs.

4,068 SQFT | 3 BD | 5 BA | $1,250,000 | WEB ID: LEI2252

54

BLUE HERON | VEGAS MODERN panoramic rooftop terrace views! Loft-style layout with 21’ ceilings, AMX home automation, polished concrete floors, surround-sound and heated floors in master among the upgrades. Disappearing Fleetwood doors reveal gorgeous back patio with dipping pool while garage-style roll-up door opens to serene courtyard by front gate. Solar panel ready and much more!

LUXURY ESTATES INTERNATIONAL

Completely renovated ultra-modern Blue Heron home with 360-degree

3,824 SQFT | 3 BD+Den | 4 BA | $895,000 | WEB ID: LEI2326

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702 354 2023 | L UXURYH O M E S LA S V E GA S. C O M

VEER TOWERS Views, views, views! This outstanding corner unit has the best Strip and Bellagio fountain views in town through 13 foot tall floor-to-ceiling windows.

Located 36 floors above CityCenter, this Veer Towers penthouse includes a sleek kitchen with an island that can double as a seated countertop.

Both bedrooms are framed by giant windows and are complemented by bathrooms with stylish contemporary furnishings.

2,511 SQFT | 2 BD | 3 BA | $1,950,000 | WEB ID: LEI2238

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PARK TOWERS on one of the largest balconies in the building while enjoying breathtaking views. Endless features include chef’s kitchen with SieMatic cabinets and designer appliances, Crestron home automation system, electronic blinds, Brazilian cherry hardwood floors, double master suites, library, his-and-her private offices and more!

LUXURY ESTATES INTERNATIONAL

Gorgeous contemporary corner unit located in Park Towers. Entertain guests

4,903 SQFT | 2 BD+Den | 4 BA | $2,500,000 | WEB ID: LEI2233

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702 354 2023 | L UXURYH O M E S LA S V E GA S. C O M

SPANISH TRAIL A one-of-a-kind custom estate! From the cathedral-inspired woodwork to the indoor shooting range, there’s something unique around every corner.

A masterpiece of stone, brick, wood and stained glass, it’s easy to soak in the mountain and golf course views from the backyard pool, second floor terrace or outdoor elevator. With tall ceilings, porte cochere and doublegated security, you’ll feel at home in this elegant palace.

7,553 SQFT | 4 BD | 8 BA | $1,589,000 | WEB ID: LEI2328

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EAGLE HILLS Summerlin retreat, this family home blends contemporary style and modern comfort with fine touches seen in the French doors, fireplace and built-in office furnishings. Head outside and lose track of time by the swimming pool and lush backyard. Interior lot and serene circular driveway underscore the peace, privacy and seclusion of the neighborhood.

LUXURY ESTATES INTERNATIONAL

Feel at home among the trees and green grass of Eagle Hills. A private

4,624 SQFT | 4 BD | 5 BA | $1,375,000 | WEB ID: LEI2298

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702 354 2023 | L UXURYH O M E S LA S V E GA S. C O M

MANDARIN ORIENTAL This unit offers a new spin on the ever-popular 06 floor plan. It’s been redesigned to maximize space with custom closets and built-in cabinets.

Features include Sonos surround-sound, Lutron lighting, Nest thermostats, electronic blinds, refinished hardwood floors, vanities, counter surfaces and more!

1,675 SQFT | 1 BD+Den | 2 BA | $1,950,000| WEB ID: LEI2242

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MANDARIN ORIENTAL suite in the Mandarin Oriental is a must-have! This luxurious residence features the most amazing north and south Strip views in the building, while the two-bedroom and den floor plan provides plenty of space to live comfortably.

LUXURY ESTATES INTERNATIONAL

When space and views are a priority, the highly sought-after 05 corner

2,998 SQFT | 2 BD+Den | 3 BA | $3,250,000| WEB ID: LEI2229

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702 354 2023 | L UXURYH O M E S LA S V E GA S. C O M

SIERRA VISTA RANCHOS Spanish Colonial-style villa in the highly sought-after, guard-gated equestrian community of Sierra Vista Ranchos. This elegantly renovated single-story home sits on over half an acre and features a circular driveway, RV/boat parking, future tennis court area, swimming pool, outdoor kitchen and separate guest quarters. Additional features include chef’s kitchen, custom built-in closets, hardwood and travertine flooring, surround-sound speakers and more!

4,320 SQFT | 4 BD+Casita | 5 BA | $899,500 | WEB ID: LEI2262

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CENTENNIAL HILLS 4,008 SQFT | 4 BD+Den | 4 BA | $698,500 | WEB ID: LEI2283

LUXURY ESTATES INTERNATIONAL

REGENGY AT THE LAKES 5,295 SQFT | 4 BD | 5 BA | $1,625,000 | WEB ID: LEI2248

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VEER TOWERS 1,797 SQFT | 3 BD | 3 BA | $1,395,000 | WEB ID: LEI2253

702 354 2023 | L UXURYH O M E S LA S V E GA S. C O M

VEER TOWERS 1,489 SQFT | 2 BD | 2 BA | $975,000| WEB ID: LEI2258

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VEER TOWERS 1,061 SQFT | 1 BD | 1 BA | $495,000| WEB ID: LEI2287

LUXURY ESTATES INTERNATIONAL

VEER TOWERS 937 SQFT | 1 BD | 1 BA | $499,500| WEB ID: LEI2267

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PANORAMA TOWERS 3,364 SQFT | 3 BD+Den | 5 BA | $1,600,000 | WEB ID: LEI2299

702 354 2023 | L UXURYH O M E S LA S V E GA S. C O M

PARADISE CREST 2,701 SQFT | 4 BD | 3 BA | $599,888 | WEB ID: LEI2289

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THE COSMOPOLITAN OF LAS VEGAS 613 SQFT | 1 BD | 1 BA | $849,888 | WEB ID: LEI2288

LUXURY ESTATES INTERNATIONAL

TURNBERRY TOWERS 1,657 SQFT | 2 BD+Den | 2 BA | $560,000 | WEB ID: LEI2295

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Custom International CustomInternational.com info@CustomInternational.com 888-848-7477 • Consultation • System Design • Project Management • Estate Management • Residential Concierge

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LUXURY H O ME S LA S V E GA S . CO M

LUXURY SALES ASSOCIATES

70

TEAM MEET THE TEAM

KAMRAN ZAND

NATTALY ALEMAN Executive Assistant/REALTOR 速

Broker/CEO/Founder

MICHAEL ZELINA

LIZ OROZCO Listing Manager/REALTOR 速

Director of Sales &

RACHEL SMITH

LEAH VIGIL

Chief Financial Officer

Chief Marketing Officer

JENNIFER STILZ

ROBERT KACHELRIESS

Marketing Coordinator

Copywriter

Business Development/REALTOR 速

ALMA TORRES Transaction Coordinator

NERIC WHITE Showing Specialist/REALTOR 速

MADISON GEIGES Administrative Office Assistant

71

e q t i t l e n e v. c o m

LOCAL EXPERTISE, NATIONAL STRENGTH. Equity Title of Nevada has been providing exceptional customer service to real estate professionals and families for over 15 years. With four convenient locations across Southern Nevada and more than a dozen experienced and certified escrow officers, you can count on Equity Title of Nevada to deliver impeccable results.

S e ve n H i l l s • 7 0 2 . 9 4 0 . 5 5 5 5

Town Center • 702.462.6000

Sunset • 702.685.3388

Village View • 702.432.1111

Q1 17 LAS VEGAS

LAS VEGAS PROPERTY REPORT

73

Single Family First Quarter 2017

SOLD HOMES

74

Luxury Residence

List Price

Sale Price

SP/SqFt

DOM

Closing Date

SqFt

Bed

Bath

Community

2323 PINTO LN

$1,399,990

$1,200,000

$157

172

3/20/2017

6,865

6

6

Alta - Historic

8 PARADISE VALLEY CT

$2,500,000

$2,300,000

$318

152

3/20/2017

7,238

5

7

Anthem Country Club

22 CHENAL PS

$1,392,500

$1,392,500

$242

0

2/10/2017

5,756

6

7

Anthem Country Club

2 OLD MARSH CT

$1,300,000

$1,200,000

$205

62

1/17/2017

5,847

7

7

Anthem Country Club

11 PINE HOLLOW DR

$1,074,000

$1,060,000

$263

192

2/28/2017

4,025

4

5

Anthem Country Club

503 AARON WY

$1,595,000

$1,595,000

$227

21

2/15/2017

7,015

4

7

Boulder City

636 CANYON GREENS DR

$2,200,000

$2,200,000

$369

8

1/27/2017

5,968

4

5

Canyon Fairways

713 CANYON GREENS DR

$1,775,000

$1,625,000

$332

30

1/3/2017

4,896

5

6

Canyon Fairways

517 CANYON GREENS DR

$1,525,000

$1,400,000

$257

71

1/31/2017

5,446

4

6

Canyon Fairways

8608 SCARSDALE DR

$1,888,000

$1,788,000

$180

119

3/16/2017

9,931

5

6

Canyon Gate

1900 SOARING CT

$1,125,000

$1,060,000

$252

90

3/20/2017

4,199

4

5

Eagle Hills

671 DUFORT

$1,699,999

$1,555,000

$246

246

3/31/2017

6,312

6

6

Henderson

10 VIA TIBERIUS WY

$1,200,000

$1,100,000

$197

72

2/17/2017

5,591

5

6

Lake Las Vegas

821 MAJESTIC RIDGE CT

$1,699,999

$1,675,000

$178

119

2/8/2017

9,423

8

9

MacDonald Highlands

532 REGENTS GATE DR

$1,225,000

$1,170,000

$295

96

3/24/2017

3,484

3

4

MacDonald Highlands

407 STONE LAIR CT

$1,079,000

$1,050,000

$208

18

3/16/2017

5,037

5

6

MacDonald Highlands

9812 MOON VALLEY PL

$2,725,000

$2,500,000

$289

10

1/9/2017

8,645

5

7

Mountain Trails

9804 MOONRIDGE CT

$1,499,000

$1,300,000

$240

258

2/17/2017

5,423

4

5

Mountain Trails

6294 MAGNIFICO CIR

$1,031,590

$1,139,666

$202

93

3/17/2017

5,640

4

4

Northwest

8920 HICKAM AV

$1,099,000

$1,050,000

$172

165

3/13/2017

4,812

5

6

Northwest

9582 West CRAIG RD

$1,050,000

$1,050,000

$175

91

3/20/2017

5,997

6

7

Northwest

6180 KINGS BROOK CT

$1,036,880

$1,000,000

$140

69

1/18/2017

6,638

4

6

Northwest

9501 ORIENT EXPRESS CT

$6,799,000

$6,200,000

$256

372

3/8/2017

22,000

5

10

Queensridge

9521 VERLAINE CT

$1,485,000

$1,385,000

$285

0

2/21/2017

4,855

4

5

Queensridge

750 RANCHO CIR

$1,249,999

$1,050,000

$274

64

2/15/2017

3,833

5

4

Rancho Circle

11635 EVERGREEN CREEK LN

$1,950,000

$1,919,800

$369

31

3/22/2017

4,812

5

6

Red Rock Country Club

2178 ORCHARD MIST ST

$1,449,000

$1,375,000

$273

128

2/15/2017

5,037

5

6

Red Rock Country Club

2175 ALCOVA RIDGE DR

$1,425,000

$1,300,000

$258

247

3/31/2017

5,037

5

6

Red Rock Country Club

2055 ALCOVA RIDGE DR

$1,335,000

$1,250,000

$239

88

2/6/2017

5,224

5

7

Red Rock Country Club

11513 GLOWING SUNSET LN

$1,250,000

$1,250,000

$341

5

3/22/2017

3,671

4

5

Red Rock Country Club

11488 MORNING GROVE DR

$1,399,000

$1,225,000

$243

206

1/9/2017

5,037

5

6

Red Rock Country Club

2507 RED SPRINGS DR

$1,299,000

$1,200,000

$245

50

2/24/2017

4,899

4

5

Red Rock Country Club

11463 MORNING GROVE DR

$1,200,000

$1,200,000

$285

1

3/7/2017

3,865

4

5

Red Rock Country Club

3023 RED SPRINGS DR

$1,149,000

$1,115,000

$292

160

3/13/2017

3,823

3

4

Red Rock Country Club

11321 GOLDEN CHESTNUT PL

$1,175,000

$1,100,000

$288

15

3/10/2017

3,823

3

4

Red Rock Country Club

2536 GRASSY SPRING PL

$1,200,000

$1,025,000

$251

41

3/17/2017

4,083

6

6

Red Rock Country Club

2162 COUNTRY COVE CT

$1,050,000

$1,015,000

$247

14

2/17/2017

4,107

5

5

Red Rock Country Club

1991 ALCOVA RIDGE DR

$1,095,000

$1,005,000

$200

169

3/10/2017

5,037

5

6

Red Rock Country Club

1757 HARPSICHORD WY

$1,095,000

$1,050,000

$212

128

1/31/2017

4,945

5

6

Roma Hills

2715 SOUTH TENAYA WY

$2,795,000

$2,795,000

$280

1

3/30/2017

9,974

7

10

Section 10

2755 SOUTH TENAYA WY

$2,250,000

$2,135,000

$302

35

3/15/2017

7,067

6

7

Section 10

2780 TWIN PALMS CIR

$1,150,000

$1,150,000

$205

142

2/1/2017

5,597

5

5

Section 10

1328 VILLA BAROLO AV

$2,700,000

$2,575,000

$378

19

2/24/2017

6,815

5

6

Seven Hils

1539 TERAMO ST

$2,650,000

$2,200,000

$228

127

3/23/2017

9,649

7

8

Seven Hils

1597 VILLA RICA DR

$1,850,000

$1,850,000

$323

3

1/26/2017

5,730

4

6

Seven Hils

1599 VILLA RICA DR

$1,799,000

$1,625,000

$204

116

3/17/2017

7,971

5

7

Seven Hils

1350 VILLAFRANCA CIR

$1,495,000

$1,360,000

$228

206

3/24/2017

5,958

4

6

Seven Hils

Data derived from local Multiple Listing Service and comprised of $1M+ resale homes between 1/1/17 and 3/31/17

A Luxury Estates International Transaction

Single Family First Quarter 2017

SOLD HOMES Luxury Residence

List Price

Sale Price

SP/SqFt

DOM

Closing Date

SqFt

Bed

Bath

Community

1520 VILLA RICA DR

$1,125,000

$1,050,000

$199

217

1/24/2017

5,285

6

6

Seven Hils

6691 TOMIYASU LN

$2,950,000

$2,900,000

$442

34

3/30/2017

6,566

5

6

Southeast

3590 TOBIAS LN

$1,500,000

$1,400,000

$223

42

2/1/2017

5,484

4

6

Southeast

5 WOOD CREEK CT

$3,999,999

$3,500,000

$295

315

2/14/2017

9,424

5

9

Southern Highlands CC

54 GRAND MASTERS DR

$1,149,000

$1,100,000

$220

161

3/22/2017

4,990

6

5

Southern Highlands CC

11992 WHITEHILLS ST

$1,195,000

$1,100,000

$342

126

2/16/2017

3,220

3

4

Southern Highlands CC

717 TANDOORI LN

$1,250,000

$1,200,000

$259

11

2/15/2017

4,639

5

5

Summerlin - The Vistas

609 TANDOORI LN

$1,150,000

$1,125,000

$246

2

3/10/2017

4,582

5

4

Summerlin - The Vistas

861 MAJESTIC RIDGE CT

$1,199,900

$1,000,000

$158

41

1/31/2017

6,311

6

6

Sunridge Heights

2335 DOLPHIN CT

$1,400,000

$1,300,000

$214

59

3/24/2017

6,089

5

9

The Fountains

2812 HIGH SAIL CT

$1,399,999

$1,250,000

$290

116

3/15/2017

4,305

4

3

The Lakes

10212 STONE BRIAR CT

$1,277,000

$1,175,000

$182

32

2/24/2017

6,449

5

6

The Palisades

16 SOARING BIRD CT

$3,999,999

$3,800,000

$332

11

2/17/2017

11,433

5

8

The Ridges

11 MORNING SKY LN

$3,699,000

$3,600,000

$385

9

1/25/2017

9,357

5

8

The Ridges

82 MEADOWHAWK LN

$3,997,500

$3,544,500

$449

123

3/1/2017

7,888

4

7

The Ridges

11 DRIFTING SHADOW WY

$2,750,000

$2,500,000

$490

124

3/15/2017

5,102

4

5

The Ridges

33 PROMONTORY RIDGE DR

$2,499,000

$2,250,000

$379

115

3/3/2017

5,934

5

7

The Ridges

7 BOULDER CROSSING CIR

$2,200,000

$2,200,000

$378

0

1/4/2017

5,822

5

6

The Ridges

4222 BRONZE RIDGE ST

$1,999,000

$1,999,000

$409

21

3/17/2017

4,888

5

8

The Ridges

61 MEADOWHAWK LN

$1,999,000

$1,750,000

$329

149

3/23/2017

5,320

4

5

The Ridges

35 PANORAMA CREST AV

$1,449,900

$1,400,000

$320

17

3/31/2017

4,380

5

6

The Ridges

81 PRISTINE GLEN ST

$1,425,000

$1,340,000

$376

83

1/17/2017

3,562

3

4

The Ridges

32 CROSS RIDGE ST

$1,299,000

$1,285,000

$341

205

1/17/2017

3,421

4

5

The Ridges

68 PANORAMA CREST AV

$1,299,999

$1,050,000

$279

123

2/24/2017

3,421

4

5

The Ridges

A Luxury Estates International Transaction

Data derived from local Multiple Listing Service and comprised of $1M+ resale homes between 1/1/17 and 3/31/17

Q1 17 WHICH COMMUNITY DEMANDS THE MOST?

WHICH COMMUNITY DEMANDS THE HIGHEST?

$ By Average Sale Price Per Square Foot Red Rock CC

MacDonald Highlands

$ Based on Highest Home Sale in Q1

The Ridges

Anthem CC

Queensridge

7M

$6,200,000

$600

6M 5M

$500

$377

$400 $300 $200

$252 $1,919,800

$238

$3,800,000

$3,500,000

$211

$2,300,000

$205

$211

$1,170,000

$100

4M 3M 2M

LUXURY ESTATES INTERNATIONAL

$700

Southern Highlands

1M

Average sale price per SQFT and the highest home price is comprised of all homes sold between 1/1/17 and 3/31/17. Data derived from Multiple Listing Service.

75

High-Rise First Quarter 2017 Q1 17 WHICH BUILDING DEMANDS THE HIGHEST?

WHICH BUILDING DEMANDS THE MOST?

$ By Average Sale Price Per Square Foot Mandarin Oriental $900

$ Based on Highest Unit Sale in Q1 Veer Towers

The Martin

One Queensridge Place

Turnberry Place

Park Towers

$887

9M

$800

8M

$700

7M

$6,240,000

$600 $500

$551

6M

$508

5M

$428

$400

4M

$334

$300

$2,300,000

$2,200,000

$1,782,500

$200

3M

$231

2M $990,000

$850,000

$100

1M

Average sale price per SQFT and the highest unit price is comprised of all units sold between 1/1/17 and 3/31/17. Data derived from Multiple Listing Service.

SOLD UNITS

76

Unit #

List Price

Sale Price

SP/SqFt

DOM

Closing Date

SqFt

Bed

Bath

High Rise Tower

4619

$1,350,000

$1,325,000

$1,423

13

3/24/2017

931

1

2

Cosmopolitan

4706

$6,598,000

$6,240,000

$1,591

10

3/8/2017

3,922

3

4

Mandarin Oriental

3308

$2,750,000

$2,500,000

$859

257

3/17/2017

2,910

2

3

Mandarin Oriental

4501

$2,700,000

$2,430,000

$1,143

79

1/19/2017

2,126

3

3

Mandarin Oriental

2808

$2,394,000

$2,000,000

$687

203

3/17/2017

2,910

2

3

Mandarin Oriental

4601

$1,900,000

$1,825,000

$858

1

1/5/2017

2,126

2

3

Mandarin Oriental

2503

$1,950,000

$1,820,000

$1,102

24

3/22/2017

1,652

1

3

Mandarin Oriental

3109

$1,750,000

$1,650,000

$788

59

3/14/2017

2,094

2

3

Mandarin Oriental

3903

$1,200,000

$1,160,000

$702

3

2/28/2017

1,652

1

3

Mandarin Oriental

2707

$1,299,000

$1,149,000

$726

143

1/20/2017

1,583

1

2

Mandarin Oriental

3603

$1,275,000

$1,100,000

$666

18

2/3/2017

1,652

1

2

Mandarin Oriental

501

$2,299,000

$2,200,000

$456

26

3/30/2017

4,826

3

6

One Queensridge Place

1202

$2,300,000

$2,150,000

$558

1

2/15/2017

3,856

3

4

One Queensridge Place

1104

$1,450,000

$1,400,000

$452

118

1/20/2017

3,100

3

3

One Queensridge Place

1403

$1,199,000

$1,150,000

$436

197

3/17/2017

2,638

2

3

One Queensridge Place

1204

$2,695,000

$2,300,000

$447

395

3/24/2017

5,142

4

6

Park Towers

1102

$2,550,000

$2,000,000

$569

358

2/17/2017

3,515

2

4

Park Towers

3604W

$1,782,500

$1,782,500

$819

3

3/31/2017

2,177

2

3

Veer Towers

3106E

$1,299,999

$1,235,000

$691

184

3/3/2017

1,788

2

2

Veer Towers

Data derived from local Multiple Listing Service and comprised of $1M+ resale condos between 1/1/17 and 3/31/17.

A Luxury Estates International Transaction

HOW’S THE MARKET?

SI N G L E FAMI LY R E S I DE N C E S

-10%

$1 , 84 6, 228

AVERAGE ORIGINAL

LIST PRICE

H IG H -RIS E CO NDOS

-4%

10% DECREASE FROM Q1-2016

-9%

$1 , 65 6,1 05 AVERAGE

SALE PRICE

94

AVERAGE ORIGINAL

LIST PRICE 4% DECREASE FROM Q1-2016

-5%

9% DECREASE FROM Q1-2016

89.7%

$2,208,342

$1, 9 69, 2 89 AVERAGE

SALE PRICE

5% DECREASE FROM Q1-2016

110

89.2%

AVERAGE SOLD PRICE VS.

AVERAGE DAYS

AVERAGE SOLD PRICE VS.

AVERAGE DAYS

ORIGINAL LIST PRICE. 2%

ON MARKET. 29%

ORIGINAL LIST PRICE. 1%

ON MARKET. 3%

INCREASE FROM Q1-16

DECREASE FROM Q1-16

DECREASE FROM Q1-16

DECREASE FROM Q1-16

-13%

$1,300,000 AVERAGE MEDIAN

SALE PRICE

13% DECREASE FROM Q1-2016

-8%

20% INCREASE FROM Q1-2016

18%

SALE PRICE

36%

1 9 SA LES IN Q1 2017

$273

AVERAGE PRICE PER

SQUARE FOOT 8% DECREASE FROM Q1-2016

AVERAGE MEDIAN

18% INCREASE FROM Q1-2016

36% INCREASE FROM Q1-2016

$788

24%

Data derived from local Multiple Listing Service and comprised of $1M+ resale homes and condos between 1/1/17 and 3/31/17.

AVERAGE PRICE PER

LUXURY ESTATES INTERNATIONAL

20%

7 1 SA L E S IN Q1 2017

$1,820,000

SQUARE FOOT 24% INCREASE FROM Q1-2016

77

SNAPSHOTS [2]

[1]

[1]

[2]

[3]

[1] 78

[4]

[4]

[4]

[4]

[4]

[5]

[5]

[1] Lights, camera, action! The LEI team joins Michael Zelina at his MacDonald Highland’s listing to produce the latest LEI property video. (See page 40) [2] Vegas Golden Knights General Manager George McPhee shares his thoughts with Kamran Zand and Robert Kachelriess on the team’s upcoming first season and his new life in Las Vegas.

(See page 8) [3] Kamran Zand caught up with Donald Bowman, General Manager of the Mandarin Oriental, Las Vegas during an event at the hotel to celebrate Chinese New Year and welcome the Vegas Golden Knights to the Strip. [4] LEI hosted the “Wine with a View” fundraiser for Opportunity Village at the Mandarin Oriental, Las Vegas. Guests enjoyed wine, cocktails and fabulous food from Elizabeth Blau’s culinary team while touring some of the finest high-rise condos on the Strip. [5] Kamran Zand celebrated his recent birthday in style with a party inside the Hardwood Suite at the Palms Casino Resort.

79

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