3rd QTR 2015 Report - Las Vegas Luxury Homes

™

Luxury Homes Report Third Quarter 2015

Global Exposure | Local Presence

Featured List

FEATURED LISTING Panorama Towers - Unit 2400

L u x u r y H o m e s L a s Ve g a s . c o m

WHO WE ARE Luxury Estates International is an upscale real estate brokerage specializing in marketing and selling the finest luxury homes, high rise condos, top-of-the-line penthouses and most sought after parcels of land. With a mission to deliver the BEST

GLOBAL EXPOSURE

EDITORIAL PHOTOGRAPHY

first-class customer service in the business and

Our global marketing targets and attracts qualified buyers from all over the world resulting in more exposure for our client’s homes.

We utilize the absolute best techniques to capture the spaces of our listings. From high dynamic range photography to aerial drone-driven photography, we are equipped to deliver the very best representation.

Their listings continually attract the most affluent

MEDIA COVERAGE

3D TOURS

buyers both domestically and abroad. From

Kamran Zand’s highlight reel draws interest from all over the world. He often finds himself being approached by mainstream media to feature his market-changing results.

Our International buyers are now able to view the floor plan, a dollhouse view and virtually walk through the entire property as if they were actually inside the home.

INTERNET REACH

SOCIAL MEDIA

We are the number 1 ranked website for the top keywords that matter!

Thousands of unique visitors a month come to our website to search for luxury homes in Las Vegas.

Our social media posts spread like wildfire. From photos to cinematic tours, our listings are liked, shared and commented on from fans and prospective buyers from all over the world.

a vision to be the luxury real estate brokerage of choice, the company continues to deploy the most innovative marketing techniques.

global exposure and exclusive media coverage, to editorial photography, there is a skillful artistry behind the presentation of some of the most prestigious properties in town. No average approach will do these properties justice, let alone generate the results they are capable of receiving. At Luxury Estates International, innovation is not desired - it is a way of life.

Real Estate Millions RJrealestatemillions.vegas

LAS VEGAS REVIEW-JOURNAL • SUNDAY, JUNE14, 2015 • SECTION G

a REAL ESTATE • 702-383-0299

LAS VEGAS PENTHOUSES

COURTESY PHOTOS

No. 4505 at The Residences at Mandarin Oriental sold for $1,234.10 per square foot on May 21, which set a record this year for price.

Kamran Zand of Luxury Estate International had the listing.

HIGH-RISE UNIT FETCHES RECORD-HIGH PRICE Residence on Mandarin Oriental’s 45th floor sells for $3.4 million

By HOLLY IVY DEVORE

L

The listing agent was Kamran Zand of Luxury Estate Interna-

REAL ESTATE MILLIONS tional, and the buyer was represented by Steven Khalilzadegan of

as Vegas high-rises not only offer some pretty amazing views. Some sit high on the 2015 highest-price-persquare-foot sales chart, with No. 4505 at The Residences at Mandarin Oriental selling for $1,234.10 per square foot on May 21.

This 45th-floor, 2,755-square-foot residence within CityCenter was purchased by a California buyer for $3.4 million, making it the highest price-per-square-foot resale ever in The Residences at Mandarin Oriental and topping a $1,000-per-square-foot sale there March 5.

Savi Realty.

“The reason we were able to sell this in such a short period of time has to do with Rahimi Designs building and designing the unit combined with the marketing techniques of Luxury Estates International … and its location within the five-star Mandarin Oriental,” Zand said.

The two-bedroom, 2½-bath residence combines high-end design elements to create a sense of modern luxury and offers

▶ SEE HIGH-RISE PAGE 4G

A feeling of ‘where Zen and feng shui collide’

IDENTITY Our approach to marketing unique properties begins with the creation of a brand specific to what makes it oneof-a-kind. Increasing the perceived value with a brand allows properties to sell faster and for a higher price.

Steve Mason and Angeles Scorsetti listed their furnished Mandarin Oriental’s 41st floor penthouse for $3.1 million through Luxe Estates & Lifestyles. This is the master bath.

Custom luxury homesites. Designed by nature. Envisioned by you.

ASCAYA.COM I Henderson, NV I 702 978 5800

VIDEOS We provide full motion, high definition property videos using state-of-the-art equipment. Our video tours offer a smooth as glass walkthrough into the luxury and elegance of our listings.

COPY Our subcontracted copywriters and editors apply their years of public relations, marketing and newsroom experience to enhance the descriptions of each listing’s unique features.

I highly recommend Kamran Zand to anyone who has a high-end home for sale. He brings a unique combination of energy, enthusiasm, knowledge and marketing strategies to every sale. He will vet all prospects and not waste your time showing the home to buyers who are unqualified for any reason. I’ve dealt with lots of Realtors over the years and Kamran is by far the best.

- Peter Simon Client | 9028 Players Club Drive | $3,800,000

Artist Rendering

INTRODUCING UNLIMITED POSSIBILITIES 4471 Dean Martin Drive - Unit 4500

One-of-a-kind top floor gray shell penthouse! This extravagant property gives the buyer the option to customize their entire 45th floor penthouse and build out a floor plan designed by Richard McGrew, well known for his work with the Mondrian Delano, MGM Grand and many other properties on the Las Vegas Strip. The Design comes complete with Mechanical, Electrical and Plumbing (MEP) under-deck services and includes: 2 master suites, 2 kitchens, catering pantry, formal dining, wine room, library, steam and massage room, water feature, optional skylights and atrium, 4 balconies, access controlled elevator, 4 parking spots, elevator and floating stairs to a private rooftop deck overlooking breathtaking panoramic strip, city and mountain views! There are unlimited possibilities nestled above it all, on the top floor of The Martin!

12,940 SQFT | 7 BD | 10 BA $4,500,000

LUXURY LIVING ELEVATED 9103 West Alta Drive - Unit 501

One Queensridge Place is among Las Vegas’ premier residences. Enjoy breathtaking Strip, mountain, and golf course views from this stunning modern masterwork. Inspired designer, Cary Vogel, combines the finest materials and amenities to create a truly upscale living experience. Travertine flooring with polished marble accent gleams. Pristine wood veneers with ebony trim flow throughout. Hand-made glass features by renowned artist Leslie Rankin bring sheer beauty to this exclusive property.

The only model to offer hers-and-his baths with individual walk-in closets, the master bedroom indulges your every whim. Finally, the chef’s kitchen boasts a full-suite of Viking appliances, Grohe faucets and Miele dishwashers. Altogether, this is one of the finest residences available in One Queensridge Place.

4,826 SQFT | 3 BD | 5.5 BA | 3-Car Garage

$2,250,000

$4,995,000

LEI

High Rise Third Quarter 2015

Sold Units

LEI

Unit

List Price

Sale Price

SP/SqFt

DOM

Closing Date

SqFt

Bed

Bath

High Rise Tower

2407

$1,829,500

$1,623,500

$775

217

8/26/2015

2094

2

3

Mandarin Oriental

T1-1801

$9,990,000

$6,030,000

$384

618

8/17/2015

15691

5

9

One Queensridge Place

T2-202

$1,850,000

$1,750,000

$454

90

7/1/2015

3856

3

4

One Queensridge Place

T1-1103

$1,329,000

$1,300,000

$493

15

9/28/2015

2638

2

3

One Queensridge Place

2101W

$2,300,000

$2,000,000

$887

0

9/21/2015

2256

2

3

Veer Towers

LEI

LEI

LEI A Luxury Estates International Transaction

EI GALLERY

SOLD L

LEI

One Queensridge Place - Unit 501-T2

$2,250,000

3rd Quarter - High Rise

LEI

One Queensridge Place - Unit 1103-T1

Veer Towers - Unit 911W

$1,300,000

$699,900

(In Contract)

The Martin - Unit 2709

Panorama Towers - Unit 2012-T1

Veer Towers - Unit 3403E

The Ogden - Unit 2210

$675,000

$590,000

$445,000

$234,900

(In Contract)

(In Contract) (In Contract)

Information deemed reliable, but not guaranteed. Data is comprised of $1M+ resale units between 07/01/15-09/30/15.

VEGAS ROYALTY VIEW 4525 Dean Martin Drive - Unit 2400 - Panorama Towers

Welcome to the most unique high-rise residence in all of Las Vegas. Fit for royalty, this unit has everything you would ever want, plus more. Retractable glass pocket doors will give you the elevated indooroutdoor living experience you’d expect in a custom home, while the home automation system will allow you to set the right mood for enjoying breathtaking 270 degree views of the city, mountains and famous Las Vegas Strip.

3,414 SQFT | 2 BD | 2 BA | 3 Parking Spaces $2,000,000

Featured listing on the cover.

Single Family Third Quarter 2015

Sold Homes Luxury Residence

List Price

Sale Price

SP/SqFt

DOM

Closing Date

SqFt

Bed

Bath

Community

2 AYDEN DR

$3,375,000

$3,000,000

$351

228

8/26/2015

9920

6

8

Anthem Country Club

10 CORRAL DE TIERRA PL

$2,499,000

$2,300,000

$388

188

9/4/2015

7228

5

8

Anthem Country Club

11 SANKATY CR

$1,495,000

$1,425,000

$296

89

9/15/2015

4812

4

5

Anthem Country Club

28 BROOKRIDGE DR

$1,100,000

$1,050,000

$187

422

7/17/2015

5624

5

5

Anthem Country Club

10 OLD MARSH CT

$1,099,000

$1,072,500

$272

0

9/25/2015

3943

4

5

Anthem Country Club

9 GOLF CREST CT

$1,080,000

$1,029,000

$261

62

8/28/2015

3943

4

5

Anthem Country Club

19 ISLEWORTH DR

$1,049,990

$1,030,000

$261

36

8/27/2015

3942

4

5

Anthem Country Club

10416 SUMMIT CANYON DR

$2,975,000

$2,550,000

$356

74

8/11/2015

7155

5

7

Bellacre

217 DESERT ROSE CT

$1,250,000

$1,175,000

$227

612

8/10/2015

5181

4

4

Boulder City

9329 CANYON CLASSIC DR

$1,695,000

$1,695,000

$292

22

7/29/2015

5799

4

5

Canyon Fairways

8644 SCARSDALE DR

$1,195,000

$1,160,000

$268

141

8/24/2015

4333

4

4

Canyon Gate

9037 PARK FOREST CT

$1,249,000

$1,210,000

$230

5

9/21/2015

5268

7

7

Country Club Hills

1700 WINCANTON DR

$1,199,900

$1,165,000

$230

109

9/15/2015

5055

5

5

Country Club Hills

9012 BALD EAGLE DR

$1,349,000

$1,260,000

$317

0

7/7/2015

3972

4

5

Eagle Hills

6775 AGAVE AZUL CT

$2,350,000

$2,125,000

$345

67

9/18/2015

6161

4

7

East Las Vegas

2287 FEATHERTREE AV

$1,250,000

$1,258,000

$255

4

7/21/2015

4932

5

5

Green Valley Ranch Estates

2284 CANDLESTICK AV

$1,189,000

$1,145,000

$190

345

9/28/2015

6015

5

5

Green Valley Ranch Estates

1869 WOODHAVEN DR

$1,150,000

$1,100,000

$157

17

9/4/2015

7003

7

7

Hllsboro Estates

3 PLACA SANTA MARIA CT

$1,695,000

$1,400,000

$243

468

7/31/2015

5770

4

5

Lake Las Vegas

14 PLACA DE REI CT

$1,250,000

$1,112,000

$224

98

7/9/2015

4956

3

5

Lake Las Vegas

2931 AUGUSTA DR

$1,899,990

$1,585,000

$249

137

7/1/2015

6374

5

5

Las Vegas Country Club

1501 FOOTHILLS VILLAGE DR

$1,599,000

$1,600,000

$253

17

7/24/2015

6315

5

7

MacDonald Highlands

1676 TANGIERS DR

$1,499,000

$1,366,000

$248

47

9/29/2015

5498

5

7

MacDonald Highlands

1640 LIEGE DR

$1,399,000

$1,175,000

$197

139

7/27/2015

5952

5

7

MacDonald Highlands

427 STONE LAIR CT

$1,299,900

$1,300,000

$258

89

8/28/2015

5037

7

7

MacDonald Highlands

535 REGENTS GATE DR

$1,200,000

$1,100,000

$243

28

7/17/2015

4535

4

5

MacDonald Highlands

532 REGENTS GATE DR

$1,125,000

$1,050,000

$301

46

7/6/2015

3968

3

4

MacDonald Highlands

1513 FOOTHILLS VILLAGE DR

$2,690,000

$2,761,714

$425

60

7/2/2015

7241

4

7

McDonald Highlands

8514 VERDE PARK CR

$1,600,000

$1,520,000

$195

78

9/15/2015

7809

5

7

Northwest

6280 W DEER SPRINGS WY

$1,390,000

$1,200,000

$207

834

9/29/2015

5802

5

6

Northwest

3011 PINTO LN

$2,885,000

$2,200,000

$321

713

9/18/2015

8721

6

9

Pinto/Palomino

908 PONT CHARTRAIN DR

$1,395,000

$1,300,000

$258

220

7/27/2015

5044

4

5

Queensridge

308 QUEENS GATE CT

$1,295,000

$1,125,000

$226

25

8/26/2015

4976

5

6

Queensridge

2592 RED ARROW DR

$3,750,000

$3,000,000

$451

77

9/2/2015

6648

5

6

Red Rock Country Club

2620 RED ARROW DR

$1,995,000

$1,900,000

$361

151

7/29/2015

5268

4

5

Red Rock Country Club

2794 RED ARROW DR

$1,650,000

$1,550,000

$405

11

8/11/2015

4104

4

5

Red Rock Country Club

2485 GRASSY SPRING PL

$1,625,000

$1,542,741

$293

57

9/4/2015

5268

4

5

Red Rock Country Club

Single Family Third Quarter 2015

Sold Homes Luxury Residence

List Price

Sale Price

SP/SqFt

DOM

Closing Date

SqFt

Bed

Bath

Community

3084 RED ARROW DR

$1,480,000

$1,400,000

$366

137

7/29/2015

4359

4

5

Red Rock Country Club

11432 MORNING GROVE DR

$1,299,500

$1,250,000

$248

124

8/13/2015

5037

5

6

Red Rock Country Club

1977 CHERRY CREEK CR

$1,294,000

$1,235,000

$245

28

7/6/2015

5037

5

6

Red Rock Country Club

3027 RED SPRINGS DR

$1,098,000

$1,000,000

$227

383

8/31/2015

4410

4

5

Red Rock Country Club

767 DIBASIO CT

$1,275,000

$1,000,000

$178

69

7/1/2015

5607

5

6

Roma Hills

1408 MARBELLA RIDGE CT

$1,999,900

$1,980,000

$215

45

8/10/2015

9198

7

7

Section 10

1312 VILLA BAROLO AV

$1,950,000

$1,925,000

$256

84

8/28/2015

7519

4

7

Seven Hills

1309 DILEVANTE DR

$1,850,000

$1,600,000

$273

56

9/8/2015

5856

4

5

Seven Hills

2697 PONTE VECCHIO TE

$1,699,900

$1,570,000

$239

210

7/10/2015

6579

4

5

Seven Hills

1525 VILLA RICA DR

$1,500,000

$1,450,000

$238

4

7/22/2015

6101

5

6

Seven Hills

1341 DILEVANTE DR

$1,374,900

$1,250,000

$247

241

8/14/2015

5065

5

6

Seven Hills

1363 OPAL VALLEY ST

$1,229,900

$1,099,999

$196

101

9/18/2015

5624

4

5

Seven Hills

1522 VILLA RICA DR

$1,200,000

$1,045,000

$209

74

8/17/2015

5005

4

5

Seven Hills

1282 IMPERIA DR

$1,050,000

$1,020,000

$244

232

8/31/2015

4183

4

4

Seven Hills

11420 KLAVANS CT

$1,149,500

$1,100,000

$289

59

8/7/2015

3805

4

4

South Las Vegas

11857 OAKLAND HILLS DR

$1,149,000

$1,075,000

$211

232

9/29/2015

5098

5

6

Southern Highlands Country Club

21 OLYMPIA HILLS CR

$2,375,000

$2,150,000

$296

106

9/29/2015

7264

3

7

Southern Highlands Country Club

11865 BRIGADOON DR

$1,299,000

$1,200,000

$235

28

7/1/2015

5435

5

6

Southern Highlands Country Club

11786 ALNESS LN

$1,249,000

$1,225,000

$240

248

7/23/2015

5098

5

6

Southern Highlands Country Club

5070 SCENIC RIDGE DR

$1,495,000

$1,350,000

$286

210

9/18/2015

4713

4

5

Spanish Hills

1401 SILVER OAKS ST

$1,199,999

$1,050,000

$245

73

9/8/2015

4282

4

6

Ten Oaks

2232 CHATSWORTH CT

$1,200,000

$1,150,000

$204

35

9/16/2015

5631

4

4

The Fountains

3012 ISLAND VIEW CT

$1,199,500

$1,100,000

$267

53

7/31/2015

4116

3

4

The Lakes

10217 ORKINEY DR

$1,350,000

$1,300,000

$319

21

7/2/2015

4079

4

4

The Palisades

7 FALCON VIEW CT

$17,500,000

$11,000,000

$761

132

8/18/2015

14464

6

9

The Ridges

25 PAINTED FEATHER WY

$4,399,900

$4,250,000

$472

90

9/18/2015

9013

6

8

The Ridges

16 WILD RIDGE CT

$3,200,000

$3,000,000

$552

3

8/31/2015

5439

3

5

The Ridges

18 DRIFTING SHADOW WY

$2,750,000

$2,550,000

$603

0

7/16/2015

4231

4

6

The Ridges

70 HAWK RIDGE DR

$2,600,000

$2,550,000

$435

71

7/8/2015

5856

4

5

The Ridges

76 MIDNIGHT RIDGE DR

$2,090,000

$2,098,597

$355

455

8/19/2015

5904

5

6

The Ridges

68 MIDNIGHT RIDGE DR

$1,999,000

$1,975,000

$492

56

7/10/2015

4405

3

5

The Ridges

36 HUNTING HORN DR

$1,945,000

$1,880,000

$409

62

8/28/2015

4600

3

5

The Ridges

9 MIDNIGHT RIDGE DR

$1,935,000

$1,938,197

$406

435

7/27/2015

4778

4

5

The Ridges

29 OWL RIDGE CT

$1,361,165

$1,200,000

$246

49

7/30/2015

4871

5

6

The Ridges

76 PANORAMA CREST AV

$1,199,990

$1,165,000

$279

20

8/31/2015

4179

4

5

The Ridges

3010 AMERICAN RIVER LN

$1,449,900

$1,310,000

$280

129

8/20/2015

4997

4

6

Willow Creek

Information deemed reliable, but not guaranteed. Data is comprised of $1M+ resale homes between 07/01/15-09/30/15.

HIGH RISE STATS Market Statistics

Year To Date Stats

3rd Qtr

93 16 10 5

Active Pending

Sold Expired

Sold Units:

51

SP / SqFt. - Average:

$652.90

Sale Price - Average:

$1,985,953

SP / SqFt - High:

$1,234.10

Sale Price - High:

$7,700,000

List Price - Average:

$2,758,719

Average Days on Market:

130

List Price - High:

$29,000,000

Data is comprised of $1M+ resale units between 07/01/15-09/30/15.

SINGLE FAMILY STATS Market Statistics

Year To Date Stats

3rd Qtr

387 77 64 50

Active Pending

Sold Expired

Sold Homes:

205

SP / SqFt. - Average:

$290.70

Sale Price - Average:

$1,712,978

SP / SqFt - High:

$890.50

Sale Price - High:

$11,000,000

List Price - Average:

$2,691,411

Average Days on Market:

126

List Price - High:

$28,000,000

Data is comprised of $1M+ resale homes between 07/01/15-09/30/15.

WHO IS SPENDING THE MOST?

TOP 3 FOREIGN BUYERS OF U.S. REAL ESTATE This year, for the first time since the National Association

China

estate, buyers from China have surpassed buyers from Canada, Europe, Mexico and the Middle East as the top overseas purchasers of homes in the United States.

9% Mexico

Average Sales Price

of Realtors (NAR) has tracked foreign buyers of U.S. real

$831,800

International $499,600 U.S. $255,600

14% Canada 16% China

Moreover, international buyers spent, on average, $499,600

61%

on their home purchases compared to the overall U.S.

All Other

average home price of $255,600. Buyers from China spent the most, with an average price of $831,800 on their U.S. home purchases.

Data provided by RealtyTrac.

SOPHISTICATION SECLUSION ELEGANCE 2275 Feathertreee Ave - Green Valley Ranch Estates

The Vegas White House! Columned facade with drive-thru, subterranean 10 car garage. Marble flooring, 3-level elevator, European furniture, silk draperies and Austrian crystal chandeliers. Ideal for formal hosting. Sprawling private master suite with sitting room. Sparkling blue pool with columned backdrop in private yard.

8,753 SQFT | 3 BD | 6 BA | 10-Car Garage | Gym $1,350,000 $4,995,000

TIMELESS MODERN ESTATE 2211 S Tioga Way - Section 3

Timeless modern estate in exclusive 4-home gated community. Open spacious floor plan with an array of distributed windows and ample natural

lighting.

Features

include:

circular

driveway with porte-cochere, huge pool/spa, expansive hobby room, den, en-suite bedrooms with large built-in closets, 25’ ceiling height, 3-car garage, separate upstairs master bedroom with retreat and balcony, marble flooring, new carpet and paint.

6,306 SQFT | 5 BD | 5.5 BA | 1/2 Acre $995,000

$4,995,000

CLASSIC DAVINCI MODEL 3863 Glasgow Green Drive - Southern Highlands Country Club

Brand new Davinci model! Completely rebuilt from the studs! The most impressive upgrades and features include: crown molding, 8� baseboards, plantation shutters, intercom system throughout, 300 bottle wine room, indirect lighting, surround sound, 3 fireplaces, dacor appliances, upgraded kitchen cabinets with pull-outs and oil bronzed hardware, full service wet bar, granite counters, built-in closets and more!

5,114 SQFT | 5 BD | 5 BA | 3-Car Garage $1,175,000

EI

™

Global Exposure | Local Presence

WE PROVIDE A PEACE OF MIND Property Management Services

ELITE SERVICES AVAILABLE 1. LEASING & MARKETING • Full Marketing Campaign • Credit Check • Background Check 2. ADMINISTRATIVE PAYMENTS • Utilities, Insurance & HOA • Mortgage & Real Estate Taxes • Maintenance Fees 3. COORDINATE SERVICES • Maintenance & Repairs • Insurance Claims • Home Warranty Claims 4. PROPERTY INSPECTIONS • Routine Inspections • Move-In & Move-Out Inspections 5. SUBMIT PERIODIC REPORTS • Monthly or Quarterly Statements • Annual Report of Income/Expenses

CALL FOR MORE INFORMATION. 702.354.2023

CONTACT KAMRAN ZAND TO LIST AND SELL YOUR HOME

TO MEET OUR CLIENTS NEEDS, WE TAKE PRIDE IN BEING A MULTILINGUAL BROKERAGE

Every Luxury Estates International (LEI) listing is powered by an expert team of sales, marketers, designers, public relation consultants and financial professionals to achieve the best results for the most distinctive properties in the Las Vegas Valley. Now offering Property Management Services!

Kamran Zand Broker/Founder

Hablamos Español Nous parlons Français

702 354 2023 | Kamran@LuxuryEstates.com

LuxuryHomesLasVegas.com

AS FEATURED ON:

2015 Luxury Estates International LLC. Information is deemed reliable, but not guaranteed. The Luxury Estates International logos are registered (or unregistered) service marks owned by Luxury Estates International LLC LEI ©in the United States. Each office is independently owned and operated. If your home is listed with a real estate broker, this is not a solicitation for your business, please disregard.