NOT LISTED FOR SALE

Estimated Value: $5,193,062 - $5,999,000

1.85 Acres
$3,088,119 Price per Acre
80,586 Sq Ft Lot

Last Sold April 06, 2023

Last sale price $4,634,553

Est. 23% increase in value since last sale

Current estimated payment $33,699/month

197 Days on Market

Highlights

  • On Golf Course
  • Gated Community
  • Mountainous Lot
  • Judy & John L. Goolsby Elementary School Rated A-
  • 1.85 Acre Lot
  • Cul-De-Sac

About This Lot

As of April 2023

A once-in-a-lifetime opportunity to bring the luxury of resort living to life with an Amangiri-inspired residence in Las Vegas. Perched at one of the highest points in The Ridges of Summerlin and boasting the ultra-rare trifecta of canyon, golf course, and Las Vegas strip views, this incredible ready-for-construction 1.85-acre elevated lot awaits the perfect desert escape. Located at the end of a private cul-de-sac in double-gated Rim Rock and lined by 500 acres of unencumbered Red Rock Conservation Area, this homesite offers premiere vantage and access points to outdoor recreation, golfing, and urban living. Architectural plans by famed Woods & Dangaran along with permits are available for purchase to build a world-class desert masterpiece, as well as pre-approved plans for a private pickleball or sports court. This homesite offers a highly coveted and tremendously unique combination of size, location, privacy, and views.

Last Listed By

Ivan Sher

IS Luxury License #BS.0046822 Listed on: 09/20/2022

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $10,574

Lot Details

  • 1.85 Acre Lot
  • On Golf Course
  • Cul-De-Sac
  • Mountainous Lot

HOA Fees

  • $740 Monthly HOA Fees

Utilities

  • Underground Utilities

Community Details

Overview

  • The Ridges Association, Phone Number (702) 791-4600
  • Summerlin Village 18 Parcel D Subdivision

Security

  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$10,574

Lot Details

0

HOA Fees

$740 per month

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 1.85
  • Road Surface Type: Paved
  • Subdivision Name: Summerlin Village 18 Parcel D
  • Directions: West Desert Inn, left on Flamingo, right on Marble Ridge, through the gate.
  • ResoPropertyType: Land
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Exterior Features

  • Lot Features: Cul-De-Sac, On Golf Course
  • Topography: Mountainous

Utilities

  • Security: Gated Community
  • Electric: Underground
  • Sewer: Public Sewer
  • Utilities: Electricity Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Gated
  • Association #2 Fee: 740.0
  • Association #2 Fee Frequency: Monthly
  • Association Name: The Ridges
  • Phone: 702-791-4600
  • Association: Yes

Schools

Lot Info

  • Lot Size Sq Ft: 80586.0
  • Additional Parcels Description: ---
  • Zoning Description: Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 10574.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2022
Closed on
Apr 5, 2023
Sold by
34 Ridge Blossom Llc
Bought by
Thirty 4 Llc
Seller's Agent
Ivan Sher
IS Luxury
Buyer's Agent
Paul Bowler
Simply Vegas
List Price
$7,500,000
Sold Price
$4,634,553
Premium/Discount to List
-$2,865,447
-38.21%
Total Days on Market
197
Views
34
Current Estimated Value
$5,713,021

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,078,468
Avg. Annual Appreciation
10.32%

Purchase Details

Listed on
Feb 13, 2021
Closed on
Mar 15, 2021
Sold by
Gaughan Michael J
Bought by
34 Ridge Blossom Llc
Seller's Agent
Danielle Stonestreet
Six Star Realty
Buyer's Agent
marina jezzini
Real Broker LLC
List Price
$4,000,000
Sold Price
$3,500,000
Premium/Discount to List
-$500,000
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.24%

Purchase Details

Closed on
Dec 31, 2020
Sold by
Full Red Moon Llc
Bought by
Gaughan Michael J and Michael J Gaughan Revocable Trust

Purchase Details

Closed on
Mar 11, 2008
Sold by
Y M L Ridge Blossom Family Lp
Bought by
Full Red Moon Llc

Purchase Details

Closed on
Jan 21, 2005
Sold by
Lowie Yohan and Lowie Merav
Bought by
Y M L Ridge Blossom Family Lp

Purchase Details

Closed on
Nov 14, 2003
Sold by
Howard Hughes Properties Inc
Bought by
Lowie Yohan and Lowie Merav

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
Thirty 4 Llc $4,634,553 Chicago Title
34 Ridge Blossom Llc $3,500,000 First American Title Insu
Gaughan Michael J $1,862,510 Clear Title Company
Full Red Moon Llc $4,800,000 Equity Title Of Nevada
Y M L Ridge Blossom Family Lp $1,096,000 None Available
Lowie Yohan $1,096,000 Stewart Title Of Nevada
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/06/2023 04/06/23 Sold $4,634,553 -22.7% --
03/13/2023 03/13/23 Price Changed $5,999,000 -20.0% --
09/20/2022 09/20/22 For Sale $7,500,000 +114.3% --
04/12/2021 04/12/21 Sold $3,500,000 -12.5% --
03/13/2021 03/13/21 Pending -- -- --
02/13/2021 02/13/21 For Sale $4,000,000 -- --
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 $11,762 $1,615,546 $1,614,375 $1,171
2024 $11,762 $1,615,546 $1,614,375 $1,171
2023 $11,762 $1,576,096 $1,575,000 $1,096
2022 $11,420 $1,182,251 $1,181,250 $1,001
2021 $10,574 $788,449 $787,500 $949
2020 $9,815 $788,443 $787,500 $943
2019 $9,199 $788,495 $787,500 $995
2018 $8,778 $788,664 $787,500 $1,164
2017 $23,129 $787,500 $787,500 $0
2016 $8,211 $590,625 $590,625 $0
2015 $8,203 $422,625 $422,625 $0
2014 $7,946 $422,625 $422,625 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 2435810

Las Vegas REALTORS®

APN: 164-14-312-008