NOT LISTED FOR SALE

Estimated Value: $1,219,000 - $1,556,314

0.53 Acre
$2,604,394 Price per Acre
23,087 Sq Ft Lot

Last Sold March 28, 2024

Last sale price $1,490,000

Est. 7% decrease in value since last sale

Current estimated payment $8,506/month

253 Days on Market

Highlights

  • Lake Front
  • 0.53 Acre Lot
  • Cul-De-Sac

About This Lot

As of March 2024

Presenting The Island at Lake Las Vegas!! Located on the northeast side of the lake, The Island is a once-in-a-lifetime opportunity to enjoy the waterfront lifestyle in the Las Vegas Valley. Featuring 56 acres of land, approximately 222 home sites and four main peninsulas that protrude into the lake!! Wanting the luxury of living out a true lakeside lifestyle in the desert? Now is the perfect time to make that a reality!! Other lots available, not on MLS. Purchase includes Sports Club Membership at closing, valued at $15,000.00. LID & Property taxes are approximated and will change.

Last Agent to Sell the Property

Gene Northup

Las Vegas Sotheby's Int'l Brokerage Phone: 702-360-1414 License #S.0037249 Listed on: 06/12/2023

Las Vegas Sotheby's Int'l

Last Buyer's Agent

Gene Northup

Las Vegas Sotheby's Int'l Brokerage Phone: 702-360-1414 License #S.0037249 Listed on: 06/12/2023

Las Vegas Sotheby's Int'l

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,500

Lot Details

  • 0.53 Acre Lot
  • Lake Front
  • Cul-De-Sac

HOA Fees

  • $553 Monthly HOA Fees

Utilities

  • Not Connected to Water Source
  • Not Connected to Sewer

Community Details

  • Llv Master Association, Phone Number (702) 568-7948
  • The Island Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$7,500

Lot Details

0

HOA Fees

$553 per month

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 0.53
  • Road Surface Type: Paved
  • Subdivision Name: The Island
  • Directions: 95 & Lake Mead, E on Lake Mead, L on Lake Las Vegas, R on Montelago, go past Westin to Sales Center (2030 Lake Las Vegas Pkwy) on right.
  • ResoPropertyType: Land
  • Attribution Contact: 702-360-1414
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Exterior Features

  • Lot Features: Cul-De-Sac, Lake Front

Utilities

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

Condo/Co-op/Association

  • Association #2 Fee: 553.0
  • Association #2 Fee Frequency: Monthly
  • Association Name: LLV Master
  • Phone: 702-568-7948
  • Association: Yes

Schools

Lot Info

  • Lot Size Sq Ft: 23087.0
  • Additional Parcels Description: ---
  • Zoning Description: Family-1/2-2 Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 7500.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2023
Closed on
Mar 27, 2024
Sold by
Lake Las Vegas Recovery Acquis
Bought by
Mersho Ralph
Seller's Agent
Gene Northup
Las Vegas Sotheby's Int'l
Buyer's Agent
Gene Northup
Las Vegas Sotheby's Int'l
List Price
$1,490,000
Sold Price
$1,490,000
Views
132
Current Estimated Value
$1,380,329

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$109,671
Avg. Annual Appreciation
3.90%
Source: Public Records

Range of Values:

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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
Mersho Ralph $1,490,000 First American Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2024 03/28/24 Sold $1,490,000 0.0% --
02/21/2024 02/21/24 Pending -- -- --
06/12/2023 06/12/23 For Sale $1,490,000 -- --
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 $5,181 $432,250 $432,250 --
2024 $5,181 $432,250 $432,250 --
2023 $5,181 $38,889 $38,889 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 2502891

Las Vegas REALTORS®

APN: 160-14-315-008