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.
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
DateNameOwned ForOwner Type
Jun 2019 - PresentNalbone Vincent P and Vegas Summit Trust5 Years and 11 Months
Private Individual
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%
Total Days on Market
119
Current Estimated Value
$7,970,810
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,670,810
Avg. Annual Appreciation
5.23%
Original Mortgage
$4,400,000
Interest Rate
4.1%
Mortgage Type
Commercial
Nov 2011 - Jun 2019One Promontory Point Llc7 Years and 7 Months
Company
Purchase Details
Closed on
Nov 14, 2011
Sold by
Neilsen Ray H
Bought by
One Promontory Point Llc
Nov 2011 - Nov 2011Neilsen Ray HLess than a month
Private Individual
Purchase Details
Closed on
Nov 7, 2011
Sold by
Neilsen Nancy P
Bought by
Neilsen Ray H
Oct 2011 - Nov 2011Neilsen Ray H1 Month
Private Individual
Purchase Details
Closed on
Oct 4, 2011
Sold by
Neilsen Ray H and Kanofsky Gordon R
Bought by
Neilsen Ray H
Sep 2011 - Oct 2011Neilsen Ray H and Kanofsky Gordon R1 Month
Private Individual
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
Dec 2004 - Sep 2011Neilsen Craig H6 Years and 9 Months
Bustling southwest location with great I-215 SW exposure. Daily traffic counts over 100,000. Parcels to the north and east are owned by Clark County Aviation Department. Formerly planned for Target Arroyo Center. Adjacent western parcels in development for a luxury auto dealership. Further west is Sansone Development's medical bldg. & new luxury apartment building in progress north of the parking
Excellent Location, Corridor Mixed-Use (CM) / C2 - land for sale.Strong Demographics and a high traffic trade area, with Striped View.National and regional businesses nearby include Sam's Club, Wal-Mart, 99 Cent Store, Panda Express, Petco, Krispy Kreme Doughnuts, Wingstop, Applebee's, and IHOP………………Great opportunity to develop in the China Town Corridor with 5 Acres Net
Zoned H-2 Highway Frontage with planned land use CT-Commercial Tourist-H-2 Zoning allows for a variety of residential, office and commercial usesCommercial Tourist plan allows for uses that cater to tourists such as casinos, resorts, and theme parksClose to M Resort, Southern Highlands Golf Club, Henderson Executive Airport
Ideally located within close proximity to I-15 and St. Rose Pkwy, +/- 5-acre parcel has 320' of Las Vegas Blvd frontage. Nearby amenities include the Henderson Executive Airport, the expanding M Resort, Amazon, and the Raiders practice facility. Parcel also has income producing billboard.
Four Parcels: APN #’s 177-28-301-015/ 016/ 018/ 019Total 5.06 +/- Gross AcresUnincorporated Clark County Enterprise JurisdictionZoned H-1- Limited Resort and Apartment for gaming enterprises, compatible commercial, and mixed commercial and residential uses. Planned Land Use is EM-Entertainment Mixed UseClose to the South Point Casino & ResortSouth Vegas Valley area is
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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
Vegas Summit Trust
$9,900,000
Closed
Nalbone Vincent P
$4,400,000
Source: Public Records
Property History
Date
Event
Price
Change
Sq Ft Price
06/21/201906/21/19
Sold
$5,300,000
-18.5%
--
05/22/201905/22/19
Pending
--
--
--
01/22/201901/22/19
For Sale
$6,500,000
--
--
Source: Las Vegas REALTORS®
Tax History Compared to Growth
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax 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.
This home is located at 1 Promontory Pointe Ln, Las Vegas, NV 89135 since 22 January 2019 and is currently estimated at $7,970,810. 1 Promontory Pointe Ln is a home located in Clark County with nearby schools including Judy & John L. Goolsby Elementary School, Victoria Fertitta Middle School, and Durango High School.
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The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. Information is deemed reliable but not guaranteed. Copyright 2025 of the Greater Las Vegas Association of REALTORS® MLS. All rights reserved.
