NOT LISTED FOR SALE

1 Promontory Pointe Ln Las Vegas, NV 89135

Summerlin Neighborhood

Estimated Value: $8,392,134

4.75 Acres
$1,766,765 Price per Acre
206,910 Sq Ft Lot

Last Sold June 21, 2019

Last sale price $5,300,000

Est. 58% increase in value since last sale

Current estimated payment $48,149/month

119 Days on Market

About This Lot

As of June 2019

The Crown Jewel of the Ridges...One of a kind 4.75 acre estate lot situated in Promontory Point on top of the mountain. Total tranquility, offering unparalleled 360 degree city and mountain views as far as the eye can see. Perhaps the most Quintessential property in Las Vegas...This is for the discerning Buyer who demands the best! Please contact listing agent for complete details.

Last Agent to Sell the Property

Dino Satallante

Queensridge Realty License #B.0035285 Listed on: 01/22/2019

Last Buyer's Agent

Gavin Ernstone

Simply Vegas License #B.1000642

Simply Vegas

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $22,168

Lot Details

  • 4.75 Acre Lot

HOA Fees

  • $966 Monthly HOA Fees

Utilities

  • Not Connected to Water Source
  • Not Connected to Sewer

Community Details

  • The Ridges Association, Phone Number (702) 791-4600
  • Summerlin Village 18 Phase 1 U Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$22,168

Lot Details

0

HOA Fees

$966 per month

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 4.75
  • Subdivision Name: SUMMERLIN VILLAGE 18 PHASE 1 U
  • Directions: West on Desert Inn past Town Center, left on Flamingo Road, right to Marble Ridge Guard, next right is Promontory Gate, Guard will direct you.
  • ResoPropertyType: Land
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Utilities

  • Sewer: Not Connected (nearby)
  • Utilities: Electricity Available
  • Water Source: Not Connected (nearby), Public

Condo/Co-op/Association

  • Association Fee: 966.0
  • Association Fee Frequency: Monthly
  • Association Name: The Ridges
  • Phone: 702-791-4600
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Sq Ft: 206910.0
  • Additional Parcels Description: NumParcels:1
  • Zoning Description: Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 22168.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2019
Closed on
Jun 20, 2019
Sold by
One Promontory Pointe Llc
Bought by
Nalbone Vincent P and Vegas Summit Trust
Seller's Agent
Dino Satallante
Queensridge Realty
Buyer's Agent
Gavin Ernstone
Simply Vegas
List Price
$6,500,000
Sold Price
$5,300,000
Premium/Discount to List
-$1,200,000
-18.46%
Current Estimated Value
$8,392,134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,092,134
Avg. Annual Appreciation
7.39%
Original Mortgage
$4,400,000
Outstanding Balance
$3,868,676
Interest Rate
4.1%
Mortgage Type
Commercial
Estimated Equity
$4,523,458

Purchase Details

Closed on
Nov 14, 2011
Sold by
Neilsen Ray H
Bought by
One Promontory Point Llc

Purchase Details

Closed on
Nov 7, 2011
Sold by
Neilsen Nancy P
Bought by
Neilsen Ray H

Purchase Details

Closed on
Oct 4, 2011
Sold by
Neilsen Ray H and Kanofsky Gordon R
Bought by
Neilsen Ray H

Purchase Details

Closed on
Sep 21, 2011
Sold by
Neilsen Ray H and Kanofsky Gordon R
Bought by
Neilsen Ray H and Kanofsky Gordon R

Purchase Details

Closed on
Dec 8, 2004
Sold by
Howard Hughes Properties Inc
Bought by
Neilsen Craig H
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Nalbone Vincent P $5,300,000 First American Title Ncs
One Promontory Point Llc $4,750,000 First American Title Howard
Neilsen Ray H -- First American Title Howard
Neilsen Ray H -- None Available
Neilsen Ray H -- None Available
Neilsen Craig H $6,500,000 Stewart Title Of Nevada
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nalbone Vincent P $4,400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/21/2019 06/21/19 Sold $5,300,000 -18.5% --
05/22/2019 05/22/19 Pending -- -- --
01/22/2019 01/22/19 For Sale $6,500,000 -- --
Source: Las Vegas REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $35,957 $1,996,171 $1,995,000 $1,171
2024 $33,294 $1,996,171 $1,995,000 $1,171
2023 $33,294 $1,829,846 $1,828,750 $1,096
2022 $30,828 $1,663,501 $1,662,500 $1,001
2021 $28,545 $1,663,449 $1,662,500 $949
2020 $26,501 $1,663,443 $1,662,500 $943
2019 $24,837 $1,663,495 $1,662,500 $995
2018 $23,699 $1,663,664 $1,662,500 $1,164
2017 $48,791 $1,662,500 $1,662,500 $0
2016 $22,168 $1,155,000 $1,155,000 $0
2015 $22,143 $799,750 $799,750 $0
2014 $21,558 $1,032,500 $1,032,500 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2019

    Dino Satallante

    Queensridge Realty

    (702) 869-8888

    Dino Satallante
    Section Image
  • Gavin Ernstone

    Buyer's Agent in 2019

    Gavin Ernstone

    Simply Vegas

    (702) 523-3677

    85 in this area

    143 Total Sales

    Gavin Ernstone
    Section Image
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Map

Source: Las Vegas REALTORS®

MLS Number: 2064051

Las Vegas REALTORS®

APN: 164-14-215-001

Nevada Clark County Las Vegas 89135 Summerlin

1 Promontory Pointe Ln, Las Vegas, NV

Not Listed for Sale

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