NOT LISTED FOR SALE

Estimated Value: $1,593,252 - $2,063,000

0.41 Acre
$4,458,844 Price per Acre
17,860 Sq Ft Lot

Last Sold October 31, 2023

Last sale price $1,500,000

Est. 22% increase in value since last sale

Current estimated payment $11,083/month

125 Days on Market

About This Lot

As of October 2023

Welcome to 5 Sky Arc Ct inside Ascaya, a private luxury community over looking Las Vegas. The next era of luxury in Las Vegas is here. From the panoramic views of the world-renowned Strip to the remarkable array of amenities and experiences, Ascaya is in a class all by itself. Take advantage of this rare opportunity to build your ultra luxury home on .41 acres of land, featuring the city's iconic strip views. At 3,000+ feet and edged by the community’s one-of-a-kind rockery walls, this homesite has been thoughtfully positioned to maximize privacy and capture views. Seller has renderings in place with an internationally known architect for a 1 story, 6000sqft home. 5 Sky Arc Ct. is a picturesque canvas for one’s dream home. Surrounded by dramatic landscapes and remarkable amenities, this homesite is the pinnacle of desert contemporary living.

Last Agent to Sell the Property

Mahsheed Barghisavar

Mahsheed Real Estate LLC Brokerage Phone: 702-769-6274 License #B.1001928 Listed on: 06/27/2023

Last Buyer's Agent

Shelly Tavison

Simply Vegas License #S.0174505

Simply Vegas

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $8,119

Lot Details

  • 0.41 Acre Lot

HOA Fees

  • $725 Monthly HOA Fees

Utilities

  • Not Connected to Water Source
  • Not Connected to Sewer

Community Details

  • Ascaya Association, Phone Number (702) 248-2262
  • Ascaya Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$8,119

Lot Details

0

HOA Fees

$725 per month

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 0.41
  • Subdivision Name: Ascaya
  • Directions: 215 & Valle Verde, South on Valle Verde, West on Horizon Ridge, South on Roma Hills, follow to Ascaya guard gate.
  • ResoPropertyType: Land
  • Attribution Contact: 702-769-6274
  • 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 #2 Fee: 725.0
  • Association #2 Fee Frequency: Monthly
  • Association Name: ASCAYA
  • Phone: 702-248-2262
  • Association: Yes

Schools

Lot Info

  • Lot Size Sq Ft: 17860.0
  • Additional Parcels Description: ---
  • Zoning Description: Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 8119.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2023
Closed on
Oct 30, 2023
Sold by
Faulkner Johnny Lloyd and Faulkner Patricia
Bought by
5 Sky Arc Llc
Seller's Agent
Mahsheed Barghisavar
Mahsheed Real Estate LLC
Buyer's Agent
Shelly Tavison
Simply Vegas
List Price
$1,550,000
Sold Price
$1,500,000
Premium/Discount to List
-$50,000
-3.23%
Views
88
Current Estimated Value
$1,828,126

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$328,126
Avg. Annual Appreciation
10.45%

Purchase Details

Listed on
Aug 4, 2021
Closed on
Sep 4, 2021
Sold by
Ascaya Inc
Bought by
Faulkner Johnny Lloyd and Faulkner Patricia
Seller's Agent
Kirstin Corsetti
Redeavor Sales LLC
Buyer's Agent
Steve Ord
Keller N Jadd
List Price
$1,406,000
Sold Price
$1,350,000
Premium/Discount to List
-$56,000
-3.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.02%
Original Mortgage
$675,000
Interest Rate
2.7%
Mortgage Type
Future Advance Clause Open End Mortgage
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
5 Sky Arc Llc $1,500,000 Wfg National Title
Faulkner Johnny Lloyd $1,350,000 First American Title Insu
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Faulkner Johnny Lloyd $675,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/31/2023 10/31/23 Sold $1,500,000 -3.2% --
06/27/2023 06/27/23 For Sale $1,550,000 +14.8% --
09/07/2021 09/07/21 Sold $1,350,000 -4.0% -- View Prior Sale
08/08/2021 08/08/21 Pending -- -- --
08/04/2021 08/04/21 For Sale $1,406,000 -- --
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 $9,469 $747,161 $735,000 $12,161
2024 $8,768 $747,161 $735,000 $12,161
2023 $2,957 $497,220 $485,625 $11,595
2022 $8,119 $483,427 $472,500 $10,927
2021 $3,872 $423,826 $413,438 $10,388
2020 $3,592 $423,652 $413,438 $10,214
2019 $5,671 $408,078 $398,125 $9,953
2018 $3,189 $407,480 $398,125 $9,355
2017 $5,869 $199,062 $199,062 $0
2016 $2,957 $336,875 $336,875 $0
2015 $2,950 $189,000 $189,000 $0
2014 $2,858 $189,000 $189,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 2506270

Las Vegas REALTORS®

APN: 178-33-610-037