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LAS VEGAS SOLIDIFIES ITS POSITION IN THE LUXURY REAL ESTATE MARKET Main Photo

LAS VEGAS SOLIDIFIES ITS POSITION IN THE LUXURY REAL ESTATE MARKET


Introducing three new exceptional listings from Coldwell Banker Premier Realty
Posted: June 27, 2024 by Coldwell Banker

Coldwell Banker Premier Realty Global Luxury proudly announces the listing of three extraordinary properties in the Las Vegas Valley, collectively showcasing the pinnacle of luxury living with prices ranging from $3.95 million to $10.92 million. These new listings not only emphasize the premium quality and exclusivity synonymous with the Global Luxury brand but also underscore the remarkable growth of the luxury real estate market in Southern Nevada.

“Las Vegas is quickly emerging as the sports and entertainment capital of the world, and this growth is mirrored in the booming luxury real estate market,” said Bob Hamrick, chairman and CEO of Coldwell Banker Premier Realty. “With a 34 percent increase in homes selling for over $1 million and a market for properties over $3 million already reaching 60 percent of last year’s sales, the demand for high-end residences is stronger than ever.”

This announcement follows the remarkable sale of 11051 Witchcraft Court located in The Summit Club for $19.7 million last fall by Coldwell Banker Premier Realty’s Lillie Shines, solidifying its reputation for representing some of the most significant and sought-after properties in the greater Las Vegas area.

The first new listing is an 8,400-square-foot custom estate which is now under development by Growth Luxury Homes. 3 Climbing Canyon Drive, exclusively represented by Hicks & Richburg of Coldwell Banker Premier Realty, will be part of an exclusive collection of only seven guard-gated estates perched high above Henderson with breathtaking unobstructed views of the entire Las Vegas Valley and the iconic Las Vegas Strip. Priced at $10.92 million, this residence blends modern desert contemporary design with ultimate seclusion.

“There is still a window of opportunity to tailor this exceptional home to your exact desires,” said Stan Hicks. “Envision a sanctuary with four spacious bedrooms, a luxurious primary suite, a tranquil interior garden, and dedicated spaces for work and play including an office, gym, media room, and an independent pool house. The possibilities are endless—let your imagination shape your dream living experience.”

The next exceptional residence being featured is another secluded hilltop estate located at 232 Valare Street in Henderson. This home is offered at $5.25 million.

This private hilltop oasis provides unmatched privacy and stunning panoramic views of the Las Vegas Strip and surrounding mountains, truly a sight to behold. The home boasts exquisite features such as custom African Mahogany doors at the front entry and wine gallery, two city-view balconies, an elevator, two wet bars, a butler's pantry, and a saltwater zero-edge pool, making it a perfect place to entertain guests. Set on 1.3 acres, this residence is adorned with intricate details and custom cabinetry, including sophisticated closet systems throughout. With its exceptional craftsmanship and Tuscan-inspired design, this property is the perfect retreat for discerning homebuyers relocating to the Valley from California.

“The influx of residents migrating to Las Vegas from California has accelerated the growth of our luxury market,” said Global Luxury Property Specialist, Christy Heil, with whom the Valare listing is exclusively represented. “Las Vegas offers a unique blend of high-end living and world-class entertainment, establishing it as a premier global destination.”

Another custom home that will soon be under construction in Northwest Las Vegas is 9748 West Ann Road which is offered at $3.95 million and is exclusively represented by Leticia Owens and Wanda Mullen.

Nestled at the end of a soon-to-be-built cul-de-sac, this 5,860-square-foot luxury home will feature an oversized entry door, expansive windows, and a generous 25,031-square-foot homesite. Highlights will include a home office, theater room, gym with sauna, and a 4-car garage. The foyer's dramatic 22’ ceiling will lead to a great room with multi-slide glass doors opening to a pool and waterfall. The primary suite will boast a lounge, hot tub access, and a spa-like bathroom with a three-fixture shower. Upstairs, you’ll find a loft with wet bar, activity room, outdoor kitchen, and two additional suites with walk-in closets and private bathrooms.

“Luxury residences are an outperforming subset of the Valley's housing supply,” said John McClelland, vice president of research with the brokerage. “Single family homes trading through the multiple listing service are up five percent when comparing the January to May period to the same months of last year.”

For those seeking the epitome of luxury living, these listings represent unparalleled opportunities to experience the best of what Las Vegas has to offer. Whether it’s the breathtaking views from the hills of Henderson, the serene private mountain oases, or the sophisticated modern amenities of these premier homes, Coldwell Banker Premier Realty Global Luxury is at the forefront of delivering exceptional real estate experiences.

As the luxury market in Southern Nevada continues to thrive, we invite discerning buyers to explore these exquisite properties and discover why Las Vegas is rapidly becoming the ultimate destination for luxury living. For more information on these listings or to learn about other premier properties, visit Coldwell Banker Global Luxury or contact us at 702.871.9500 to speak with one of our esteemed advisors.

 

About Coldwell Banker Premier Realty

Coldwell Banker Premier Realty is a full-service residential real estate brokerage in Southern Nevada owned and operated by Las Vegas natives, Bob and Molly Hamrick. With a spirited commitment to the continuous development and coaching of their expert team across three local campuses, the Hamricks have catapulted their residential company into the number five ranked woman-owned Coldwell Banker in the United States and one of the top Coldwell Banker franchises nationwide. Its commercial brokerage, Coldwell Banker Commercial Premier, services the principal asset classes of multifamily, office, industrial, land and retail and was the top new company for Coldwell Banker Commercial in 2021.

 

About Coldwell Banker Global Luxury

The Coldwell Banker Global Luxury program sets the premier standard for modern luxury real estate marketing, continuing a legacy established by the Coldwell Banker® brand in 1906. The essence of the program is simple: combine the prestige of the Coldwell Banker name with the top luxury real estate masters and the reach of an international network of over 100,000 agents in 3,000 offices worldwide. Coldwell Banker Global Luxury specialists have a track record of representing some of the most significant properties of all time. On average in 2023, the Coldwell Banker brand sold over $200 million every day in luxury homes priced at over $1 million or more, with an average sales price of $2.2 million. *Average daily sales data is based on closed and recorded transaction sides of million plus (USD$) homes sold as reported by the U.S. Coldwell Banker franchise system for the calendar year 2023.

 

About Growth Luxury Homes

Growth Luxury Homes (GLH), a luxury custom home builder with over two decades of experience, has revitalized the homebuilding process by bringing cutting-edge technology and smart-home automation with maximum energy efficiency, all without compromising beauty or design. GLH designs and constructs personalized and smart ultra-luxury homes using proprietary technology powered by artificial intelligence and machine learning. This has led to a significant breakthrough in intelligent automation with an integrated system that dynamically adapts a GLH home to its occupants and their lifestyle preferences. The company has built homes ranging from $5 million to over $50 million, with projects completed and under development totaling over $1.172 billion. Currently, GLH is building more than five communities in Las Vegas and has over 34 luxury homes under construction, including record-setting homes in The Summit Club and other prestigious guard-gated communities. Renowned for their innovative approach, GLH continues to lead the market with homes featuring cutting-edge AI technology.

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