$7,000,000
SOLD OCT 5, 2018
5 Beds
9 Baths
13,255 Sq Ft
0.59 Acres

Recently Sold

$528 Per Sq Ft

29% Below List Price

363 Days on Market

Highlights

  • On Golf Course
  • Infinity Pool
  • Gated Community
  • Judy & John L. Goolsby Elementary School Rated A-
  • Solar Power System
  • 0.59 Acre Lot

About This Home

As of December 2020

A stunning work of art located within prestigious Promontory in The Ridges Community. Conceived from the collaboration of 3 of the top architects in Vegas. Some of the many features include home automation, solar power, acoustic design, imported Italian kitchen, hidden elevator, bowling alleys, roof decks, pool casita and custom wine refrigerators. An unparalleled resort styled masterpiece set in the desert.

Last Agent to Sell the Property

Ivan Sher

IS Luxury License #BS.0046822 Listed on: 09/06/2017

Last Buyer's Agent

Ivan Sher

IS Luxury License #BS.0046822 Listed on: 09/06/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $31,399

Year Built

  • Built in 2007

Lot Details

  • 0.59 Acre Lot
  • On Golf Course
  • Cul-De-Sac
  • North Facing Home
  • Dog Run
  • Wrought Iron Fence
  • Back Yard Fenced
  • Electric Fence
  • Drip System Landscaping
  • Artificial Turf
  • Property is in excellent condition

HOA Fees

Parking

  • 3 Car Garage
  • Parking Storage or Cabinetry
  • Inside Entrance
  • Garage Door Opener

Property Views

  • Golf Course
  • Las Vegas Strip
  • Mountain

Home Design

  • Tri-Level Property
  • Flat Roof Shape
  • Frame Construction
  • Metal Roof
  • Stucco

Interior Spaces

  • 13,255 Sq Ft Home
  • 7 Fireplaces
  • Double Sided Fireplace
  • Gas Fireplace
  • Double Pane Windows
  • Blinds
  • Great Room
  • Security System Owned
  • Basement

Kitchen

  • Double Convection Oven
  • Built-In Electric Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • ENERGY STAR Qualified Appliances
  • Disposal

Flooring

  • Wood
  • Carpet
  • Radiant Floor
  • Sustainable
  • Concrete

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom

Laundry

  • Laundry on main level
  • Gas Dryer Hookup

Accessible Home Design

  • Handicap Accessible

Eco-Friendly Details

  • Energy-Efficient Windows with Low Emissivity
  • Energy-Efficient HVAC
  • Solar Power System
  • Solar owned by seller
  • Solar Heating System
  • Sprinkler System

Pool

  • Infinity Pool
  • In Ground Spa
  • Waterfall Pool Feature

Outdoor Features

  • Balcony
  • Courtyard
  • Deck
  • Covered patio or porch
  • Outdoor Water Feature
  • Outdoor Fireplace
  • Built-In Barbecue

Schools

  • Goolsby Judy & John Elementary School
  • Fertitta Frank & Victoria Middle School
  • Durango High School

Utilities

  • Two cooling system units
  • High Efficiency Air Conditioning
  • Central Heating and Cooling System
  • Multiple Heating Units
  • High Efficiency Heating System
  • Heating System Uses Gas
  • Programmable Thermostat
  • Underground Utilities
  • Water Purifier
  • Water Softener is Owned
  • Cable TV Available

Community Details

Overview

  • Association fees include management, ground maintenance, reserve fund, security
  • The Ridges Association, Phone Number (702) 791-4600
  • Summerlin Village 18 Phase 1 U Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Recreation

  • Community Playground

Security

  • Security Guard
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$31,399

Year Built

Built in 2007

Lot Details

0

HOA Fees

$538 per month

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: Golf Course
  • Lot Size Acres: 0.59
  • Road Surface Type: Paved
  • Subdivision Name: SUMMERLIN VILLAGE 18 PHASE 1 U
  • Directions: Flamingo/Desert Inn.South to Marble Ridge, West to Ridges Gate.Guard will provide directions.
  • Architectural Style: Tri-Level
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Multi/Split
  • Efficiency: Windows, HVAC, Solar Panel(s)
  • Property Attached Yn: No
  • Year Built Details: RESALE
  • Year Built: 2007
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Single Family Residence
  • Association Fee 3 Frequency: Monthly
  • Special Features: VirtualTour
  • Year Built: 2007

Interior Features

  • Furnished: Unfurnished
  • Spa Features: In Ground, Outdoor Hot Tub
  • Private Spa: Yes
  • Appliances: Built-In Electric Oven, Convection Oven, Double Oven, Dishwasher, ENERGY STAR Qualified Appliances, Gas Cooktop, Disposal, Microwave, Refrigerator, Water Softener Owned, Water Purifier, Wine Refrigerator
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Three Quarter Bathrooms: 3
  • Possible Bedrooms: 6
  • Total Bedrooms: 5
  • Fireplace Features: Gas, Great Room, Multi-Sided, Outside
  • Fireplaces: 7
  • Fireplace: Yes
  • Flooring: Carpet, Concrete, Hardwood, Sustainable
  • Interior Amenities: Bedroom on Main Level, Window Treatments, Programmable Thermostat
  • Living Area: 13255.0
  • Window Features: Blinds, Double Pane Windows, Low Emissivity Windows

Exterior Features

  • Fencing: Back Yard, Electric, Wrought Iron
  • Lot Features: 1/4 to 1 Acre Lot, Cul-De-Sac, Drip Irrigation/Bubblers, Desert Landscaping, Landscaped, On Golf Course, Synthetic Grass
  • Pool Features: In Ground, Negative Edge, Private, Waterfall
  • Pool Private: Yes
  • View: Golf Course, Mountain(s), Strip View
  • View: Yes
  • Disclosures: Covenants/Restrictions Disclosure
  • Construction Type: Frame, Stucco
  • Direction Faces: North
  • Exterior Features: Built-in Barbecue, Balcony, Barbecue, Courtyard, Deck, Dog Run, Handicap Accessible, Patio, Private Yard, Sprinkler/Irrigation, Water Feature
  • Foundation Details: Basement
  • Patio And Porch Features: Balcony, Covered, Deck, Patio
  • Property Condition: Excellent, Resale
  • Roof: Flat, Metal, Other

Garage/Parking

  • Garage Spaces: 3.0
  • Parking Features: Finished Garage, Garage Door Opener, Inside Entrance, Storage

Utilities

  • Laundry Features: Gas Dryer Hookup, Main Level, Upper Level
  • Security: Security System Owned
  • Cooling: Central Air, Electric, High Efficiency, 2 Units
  • Cooling Y N: Yes
  • Heating: Central, Gas, High Efficiency, Multiple Heating Units, Solar, Radiant Floor
  • Heating Yn: Yes
  • Electric: Photovoltaics Seller Owned
  • Sewer: Public Sewer
  • Utilities: Cable Available, Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: Gated, Playground, Guard, Security
  • Association Fee: 495.0
  • Association Fee Frequency: Monthly
  • Association Name: THE RIDGES
  • Phone: 702-791-4600
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly
  • HOA Fee 3: 43.0

Fee Information

  • Association Fee Includes: Association Management, Maintenance Grounds, Reserve Fund, Security

Schools

  • Elementary School: Goolsby Judy & John,Goolsby Judy & John
  • High School: Durango
  • Middle Or Junior School: Fertitta Frank & Victoria

Lot Info

  • Current Use: Residential
  • Horse Amenities: None
  • Lot Size Sq Ft: 25700.0
  • Zoning Description: Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 31399.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2019
Closed on
Dec 7, 2020
Sold by
Koehler Peter and Rydberg Kory L
Bought by
Faulk Matthew S and The Matthew S Faulk Trust
Seller's Agent
Ivan Sher
IS Luxury
Buyer's Agent
Sarah Gabany
Huntington & Ellis, A Real Est
List Price
$8,250,000
Sold Price
$7,320,000
Premium/Discount to List
-$930,000
-11.27%
Total Days on Market
363
Current Estimated Value
$8,524,588

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,204,588
Avg. Annual Appreciation
3.47%

Purchase Details

Listed on
Sep 6, 2017
Closed on
Oct 5, 2018
Sold by
Klai John R and Sparer Jonathan S
Bought by
Koehler Peter and Rydberg Kory L
Seller's Agent
Ivan Sher
IS Luxury
Buyer's Agent
Ivan Sher
IS Luxury
List Price
$9,890,000
Sold Price
$7,000,000
Premium/Discount to List
-$2,890,000
-29.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.07%

Purchase Details

Closed on
Dec 8, 2015
Sold by
Klai John R and Sparer Jonathan S
Bought by
Klai Ii John R and Sparer Jonathan S

Purchase Details

Closed on
Apr 2, 2002
Sold by
Howard Hughes Properties Inc
Bought by
Klai Ii John R and Sparer Jonathan S
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $7,320,000 Equity Title Of Nevada
Bargain Sale Deed $7,000,000 Equity Title Of Nevada
Interfamily Deed Transfer -- Ticor Title Las Vegas
Bargain Sale Deed $670,000 Nevada Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $5,012,000 Adjustable Rate Mortgage/ARM
Previous Owner $5,100,000 New Conventional
Previous Owner $3,000,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2020 12/08/20 Sold $7,320,000 -11.3% $552 / Sq Ft
11/08/2020 11/08/20 Pending -- -- --
08/31/2019 08/31/19 For Sale $8,250,000 +17.9% $622 / Sq Ft
10/05/2018 10/05/18 Sold $7,000,000 -29.2% $528 / Sq Ft
09/05/2018 09/05/18 Pending -- -- --
09/06/2017 09/06/17 For Sale $9,890,000 -- $746 / Sq Ft
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 $48,629 $2,388,936 $560,000 $1,828,936
2024 $44,740 $2,388,936 $560,000 $1,828,936
2023 $44,740 $2,133,822 $385,000 $1,748,822
2022 $41,426 $2,016,414 $350,000 $1,666,414
2021 $38,358 $1,932,274 $350,000 $1,582,274
2020 $35,613 $1,915,250 $350,000 $1,565,250
2019 $34,575 $1,902,294 $350,000 $1,552,294
2018 $33,568 $1,768,591 $262,500 $1,506,091
2017 $52,334 $1,783,301 $262,500 $1,520,801
2016 $31,399 $1,620,943 $206,500 $1,414,443
2015 $31,364 $1,599,566 $140,525 $1,459,041
2014 $30,450 $1,434,295 $183,750 $1,250,545
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 1929152

Las Vegas REALTORS®

APN: 164-14-217-003