Category Archive : Real Estate

LAS VEGAS, NV – One of the Las Vegas Strip’s most historic properties, the Diamond Inn Motel, closed down last year and has sat vacant and unused ever since. However, new reports indicate that it is set to be auctioned off and most likely demolished along with its iconic mascot – a large sculpture of a pink elephant that greeted visitors to the establishment for many years – signifying an erasure of yet another piece of the Strip’s rich history.

Whereas the Strip had previously featured a number of small motels and resorts, these icons of yesteryear have been giving way to massive megaresorts in the here and now, with the Diamond Inn Motel proving to be one of the last holdouts.

The motel – which is set on 1.36 acres of land and boasts 48 rooms – has called the Strip home for decades, and has witnessed the rise of its massive casino and resort industry from the very beginning, according to the business’ website.

“Built in 1940 the Diamond Inn Motel (then it was called the Desert Isle Motel), is one of the oldest buildings still standing on the Strip, which several decades ago the strip was called Arrowhead Highway/Highway 91,” the website reads. “The first hotel/casino built on the strip was called the El Rancho Vegas Hotel & Casino built in 1941. Later in the ’40’s and 50’s, dozens of motels were built next door, the Mirage, Lone Palm, Desert Rose and many others that were the high points of Old Vegas with their glittering neon signs. The Diamond Inn is still standing proud and operating with a profit after all these years, along with its colorful history (especially the landmark, iconic Pink Elephant)!”

One of the most distinctive features of the Diamond Inn Motel was the pink elephant standing at the front of the property next to the establishment’s sign, inviting weary tourists and locals to come in and rest in one of their rooms after a night of gambling and partying.

The pink elephant came from Disney World, probably in the 50’s,” the website says. “He used to trumpet loudly, but the noise caused some accidents. Because of that, the county made the owner take the sound mechanism out. The pink elephant is like the Diamond Inn’s mascot; thousands of tourists have stopped just to take pictures next to it, just like they do in front of the famous Welcome to Las Vegas sign.”

However, it has been pointed out that the website claim may have been in error and that the elephant most likely came from Disneyland, which opened in 1955, as opposed to Disney World, which opened in 1971.

J.P. King, a company that specializes in real estate auctions, is handling the Diamond Inn auction. The auction began on March 7 and a minimum bid of $12.5 million has been set for the property.

And yes, the pink elephant is indeed included in the sale.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – According to Clark County property records, JEN Partners – a real estate investment firm based out of New York – recently purchased 54 acres of underdeveloped, residential-zoned land in south Las Vegas for $33.5 million, and speculation is running rampant that the property will be used for a massive residential development.

The land in question is located within the township of Enterprise, just west of the Southern Highlands community; the previous owner was Southern Highlands Investment Partners, and neither they nor JEN Partners responded to queries from local media regarding the sale.

JEN Partners, according to the firm’s website, specializes in “residential land and real estate opportunities,” and has previously built single-family residential developments in such places as Florida, Arizona and Texas. Overall, they have over 150 active or fully realized residential real estate transactions across the country, although their new land acquisition in south Las Vegas will represent their first project in the state of Nevada, provided if JEN Partners indeed chooses to develop it.

Enterprise is an unincorporated town founded on December 17, 1996 and is known as an up-and-coming township as well as one of the fastest growing communities in the United States; as of the 2020 U.S. census, the population of Enterprise was 221,831, a significant increase from the 2000 census that put that number at just 14,676.

Given its degree of rapid growth in recent years – mainly attributed to the development of the 215 Beltway, which connects the Summerlin and Henderson communities and provides easy access to the airport and the Las Vegas Strip – experts say that Enterprise would rank only behind Las Vegas, Henderson and North Las Vegas in terms of the largest cities in the county if it were to incorporate itself today.

Enterprise has recently seen a large boom in building in terms of single-family residential developments, multifamily and apartment construction, including commercial real estate.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – Boxing legend Oscar De La Hoya recently picked up his roots and moved from his longtime home of Los Angeles, California, to Las Vegas, and recently held a media event where he publicly unveiled the new residence he and his wife will be inhabiting- a lavish mansion valued at nearly $15 million that is located in Henderson’s affluent MacDonald Highlands community.

Nicknamed “The Golden Boy of boxing,” De La Hoya, 51, competed in the squared circle from 1992 to 2008, winning 11 world titles in six weight classes and is one of the most popular boxers ever, generating approximately $700 million in pay-per-view income during his career, a record at that time.

De La Hoya originally purchased the MacDonald Highlands mansion in May 2022 in an all-cash transaction for $14.6 million, coming in as the priciest Las Vegas transaction that month. The residence, which is still undergoing construction and updating, is located on a 1-acre plot of land and features 10,460 square-feet of living space, with five bedrooms, seven bathrooms, and an eight-car garage.

De La Hoya is reportedly sparing no expense when it comes to decorating his new abode, building a trophy room that serves as a celebration of his boxing career – including displays featuring his championship belts and robes, a miniature boxing ring, and a huge wall-mounted television for watching boxing matches – in addition to a $500,000 man cave.

Not only is De La Hoya moving his family to Las Vegas from LA, but he’s also moving his business there as well; Golden Boy Promotions, his boxing promotions firm, will be taking up residence in new offices located in Henderson, near the Las Vegas Raiders’ training complex. This move continues the trend of numerous fight entities recently setting up their headquarters in Vegas, including Top Rank, PBC, and the UFC.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – January 2024 saw the second-highest number of luxury home sales in Las Vegas ever, proving that high-end residence sales in Southern Nevada are still going strong – and picking up steam – despite whatever challenges are encountered by the national real estate market overall in light of high inflation and mortgage rates.

In all, 102 homes and condominiums priced at $1 million and higher exchange hands last month, an amount eclipsed only by the current record-holding year of January 2022, during which 122 abodes in that price range were sold. The next two highest months in Las Vegas history were January 2021, when 86 luxury sales took place, and January 2023, when 76 were sold.

January’s luxury home sales in Vegas were bolstered by a number of expensive purchases, topped by the sale of an estate in Summerlin’s affluent The Summit Club community for a whopping $19 million. This home, acquired by Insight Tech Holdings NV LLC – a buyer from Asia – from Chambord Revocable Trust with Michael L. and M’Lissa M. Gravelle listed as trustees, was an all-cash deal.

The home, located on Stardust Drive, was originally built in 2020 and subsequently renovated in 2021; it features four bedrooms and 4.5 baths in a residence with an “ultra-modern design” that offers 7,908 square-feet of living space. Situated on a 1.37-acre plot of land, the property also boasts a pool and unobstructed views of the famed Las Vegas Strip.

The second highest-priced home that was sold in Vegas in January was a two-story residence in McDonald Highlands in Henderson for $8.45 million. Built in 2022, renovated in 2023, and located on a 0.3-acre plot of land on Tranquil Rim Court, the 7,373 square-foot home has five bedrooms, five full baths, two partial baths, and a six-car garage. Amenities include a movie theater, bar, game room, wine cellar, and elevator.

The third-highest luxury sale in Las Vegas in January was $7.3 million for a Southern Highlands home, followed by a home in The Ridges in Summerlin for $5.76 million.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – The Canyon at Ascaya is an upcoming exclusive residential development in Las Vegas that is currently under construction in Henderson’s affluent and guard-gated Ascaya community, slated for completion in early 2025.

Located amid the McCullough Mountains, The Canyon at Ascaya will offer 51 residences that have been designed and built by Las Vegas luxury developer Blue Heron, and will feature impressive views of the Las Vegas Valley – including the famed Las Vegas Strip – and a host of high-end amenities that place an emphasis on wellness.

The homes in The Canyon at Ascaya will be comprised of single-floor, three-to-four-bedroom residences ranging in size from 3,391 square-feet to 4,407 square-feet. The interiors will reflect a contemporary design aesthetic, with vaulted 12-foot ceilings, motorized glass pocket doors, linear gas fireplaces, and fixtures by a number of designer manufacturers including Brizo, Kohler, and MTI.

Other opulent aspects of The Canyon’s abodes will include chef’s kitchens featuring appliances from Sub-Zero and Wolf; dual primary suites with oversized closets and outdoor showers; backyards with outdoor kitchens and Linx grills; large covered terraces; and garages ranging from two to two-and-a-half cars in size.

There will be a host of communal amenities as well, including five public swimming pools; private wellness parks complete with yoga decks, meditation spaces, and cold plunges; a 23,000 square-foot clubhouse with a cutting-edge fitness center; and a sports pavilion offering tennis and pickle ball courts.

Chris Beucler, president of Blue Heron, noted that The Canyon at Ascaya community will reflect a “modern desert living” look and feel.

Our architectural philosophy is rooted in the belief that a home should be a sanctuary, and at The Canyon, we’ve created sanctuaries that celebrate the distinct canvas of the desert landscape,” he said. “In every detail of The Canyon homes, you’ll find a commitment to excellence, sustainability, and design that enhances the human experience. This is modern desert living reimagined.” 

Residences at The Canyon at Ascaya will go on sale in spring 2024, with a starting price of $2.9 million.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – With Super Bowl LVIII attracting thousands upon thousands of sports fans to Las Vegas – where the big game is being hosted on February 11 at Allegiant Stadium – police have announced that they will be cracking down on loud and rowdy parties at short-terms rentals this weekend, and are asking the public to contact them to report any disturbances in their neighborhoods.

Super Bowl LVIII will determine the champion of the National Football League (NFL) for the 2023 season. A rematch of Super Bowl LIV, it will be played between the National Football Conference (NFC) champion San Francisco 49ers and the American Football Conference (AFC) champion and defending Super Bowl champion Kansas City Chiefs.

In response to community concerns about disruptive parties at short term-rentals during the Super Bowl, the Las Vegas Metropolitan Police Department has been passing out flyers urging the public to contact them if they are experiencing any issues this weekend.

It’s almost Super Bowl weekend and we need your help,” the flyer reads, a copy of which was shared by authorities on X (formerly Twitter). “Please report large parties at short term rentals in your neighborhood. See flyer on how to report them. Thank you!”

The flyer states that the “LVMPD needs your help to report chronic nuisance or party homes in your neighborhood.” Residents are asked to call 911 to report “active emergencies or crimes” taking place, and 311 if they think that police “need to be aware of suspicious or nuisance behavior,” including large and disruptive parties. Service requests can also be filed at www.lvmpd.com, and anonymous online tips can be submitted to Crime Stoppers of Nevada at www.crimestoppersofnv.com.

If you are aware of a problem or a party house in your community, we want to know about it,” the flyer says.

The crackdown on short term rentals by police comes in the wake of the city of Las Vegas starting to impose large fines on unlicensed renters; recently, the city imposed a $180,000 penalty upon the owner of an Airbnb who they say was operating without the required license.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – With 2023 representing the slowest year for real estate in Las Vegas in over a decade, January 2024 showed a significant rebound with both home and condominium sales improving significantly, giving experts hope that the upcoming year will show great improvement as the national economy continues to stabilize.

According to a new report by Las Vegas Realtors, the prices of homes were higher – and the inventory lower – last month when compared to January 2023. The median sales price of an existing single-family home in January was $445,000, which represents an approximate 5 percent increase year-over-year. In addition, the median sales price of condominiums and townhomes in Las Vegas in January was $275,000, nearly a 9 percent increase from the same month one year prior.

Merri Perry, President of Las Vegas Realtors, noted that the escalating economy – coupled with the affordability factor that has long been associated with Las Vegas – is contributing to the improvements in the local real estate market in the new year.

Over the past few months, we’ve seen benefits from lower interest rates and relatively stable home prices here in Southern Nevada,” she said. “Now, if we could just get more homes on the market, we’d really be in good shape.”

Sales of homes, condominiums, and townhomes in Las Vegas totaled almost 2,000 in total in January, representing an approximate 12 percent increase in home sales year-over-year, and a 20 percent increase for condos in townhomes.

At the end of last month there were over 3,555 single-family homes for sale on the open market without any offers, which is a whopping 35 percent decrease from January 2023; in addition, there were more than 1,130 condos and townhomes listed for sale without offers, which is an 8 percent decrease.

The total combined value of all Las Vegas-based real estate transactions in January was more than $842 million for homes – a year-over-year increase of 19.6 percent – and approximately $139 million for condos and townhomes, up 17 percent.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – Situated an approximate 20-minute drive west of the Las Vegas Strip, the master-planned community of Summerlin South has been becoming one of the most in-demand neighborhoods among the growing number of affluent sports stars and celebrities who have been calling Southern Nevada home in recent years.

Summerlin South is located within the development of Summerlin – also home to the communities of Sutherland North and West – and it is situated upon a 6,200-acre plot of land that originally began construction towards the end of the 1980s. Summerlin South is comprised of six residential districts, including the Red Rock Country Club, the Willows, the Gardens, Ridgebrook, Trilogy and Siena, all with their own unique layout, style, and amenities.

While Summerlin South features the same desert climate as the rest of Las Vegas, its residents experience a slightly cooler climate overall – anywhere from 5 to 7 degrees on average, with low humidity – due to the community’s higher elevation in general, which places it approximately 3,500 feet above sea level.

The homes in Summerlin South range in price by a wide degree depending on which neighborhood you’re looking at, going anywhere from a low of $500,000 to over $20 million, with the average luxury property fetching a minimum of $1 million and up.

A plethora of high-end amenities are the name of the game in Summerlin South, whose residents enjoy access to over 150 parks, 200 miles of scenic trails, numerous top-rated golf courses, recreational facilities, and Downtown Summerlin, which is a lavish, walkable shopping and entertainment center. In addition, Summerlin South’s constituent districts have their own dedicated amenities as well, including clubhouses, golf courses, parks, gyms, upscale restaurants and tennis clubs.

As for some of the more notable residents of Summerlin South, they include Hollywood A-lister Mark Wahlberg, acclaimed singer Celine Dion, musician Carlos Santana and numerous professional athletes such as Las Vegas Raiders wide receiver Davante Adams and Major League Hall of Fame baseball player Greg Maddux.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – A custom-built home overlooking the famed Las Vegas Strip, described by its listing agent as “breathtaking” and boasting an aviation-themed design and impressive 30-foot ceilings, has been listed on the market for $18.5 million.

Located in Henderson within the MacDonald Highlands master-planned community of Dragon’s Reserve, the home – built by noted luxury developer Blue Heron in 2021 – features over 10,067 square-feet of living space with seven bathrooms.

The listing agent, Natalia Harris of Las Vegas Sotheby’s International Realty, said that the incredible views offered by the elevated property make it a unique find in Southern Nevada.

As you step inside, you instantly feel like you are soaring over Vegas,” she said. “The combination of the 30-foot ceilings, open floor and panoramic Strip, city and mountain views truly make it one of a kind.”

The listing notes that the home is filled with clever technological gadgets that give it a vibe like something out of a James Bond movie; these features include a hand sensor that allows you to access the primary suite with a mere gesture in the air, as well as 23-foot motorized pocket sliding doors.

1526 DRAGON CREST AVENUE, HENDERSON – $18,500,000.00

There are numerous other high-end amenities included with the impressive abode, including a full gym, a well-equipped chef’s kitchen, a spa, and even a 2,000-square-foot infinity pool.

The current owners of the property are both pilots, and have noted that the home was custom-built for them around an aviation-themed design aesthetic; to that end, the residence has numerous angles reminiscent of those you would find within airplanes and hangers, as well as glass walls and tall ceilings. There is also a large garage that houses the sellers’ personal aviation museum.

Despite sales of homes being down overall currently in Vegas, the luxury home market – as well as all-cash sales – are still red hot, and account for the majority of the transactions made in the region this past year.

See full listing details for 1526 Dragon Crest Avenue, Henderson

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – While it had previously been known as a place where individuals would purchase vacation homes they would mainly visit on weekends, the Lake Las Vegas master-planned community has seen an explosion in development over the last few years – starting with the early months of the pandemic – and is currently poised to have its biggest sales year ever in 2024.

This news comes as additional nationwide attention will be focused on Lake Las Vegas in February, as both participating football teams in Super Bowl LVIII will be lodging at hotels located there, with the Kansas City Chiefs staying at Westin Lake Las Vegas, and the San Francisco 49ers at Hilton Lake Las Vegas.

In 2023, Lake Las Vegas saw its second-highest level of sales since the mid-2000s recession, with 302 new homes purchased; this represents a 42 percent jump over 2022, when 212 homes were sold. However, the highest number of homes sold at that community following the recession was 389 in 2021, which took place during the height of the COVID-19 pandemic when many people across the country were purchasing new residences.

We’ve had our second-best year ever and the sales are piling up on themselves,” said Pat Parker, President of Lake Las Vegas developer Raintree Investment Corp. “We had one person who bought four custom lots and then bought a house at (our Shoreline project). If you get a customer who does that, you’re doing well. We’re strong from $8 million all the way to $500,000.”

Sales in Lake Las Vegas have grown to such a degree that Pulte Del Webb Lake Las Vegas – a 55-and-up retirement community – saw the second highest number of sales in the entire Las Vegas Valley in 2023 with 148 brand-new homes purchased.

Sales of existing single-family homes have also been brisk in Lake Las Vegas, with 187 sold via the Multiple Listing Service (MLS) in 2023 – with an average sales price of $933,000 – exceeding the 144 sold in 2022 and 163 sold in 2021.

There were also 18 townhomes sold in Lake Las Vegas in 2023, with an average price of $516,000.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – After changing hands several times in recent years, the former Las Vegas home of comedy legend Jerry Lewis is once again for sale, with the current owner asking $2.5 million.

Lewis had resided in the home – located in Las Vegas’ swanky Scotch 80s neighborhood – for almost 35 years; upon his death in 2017, it initially had difficulty in finding a buyer before eventually being sold to Jane Popple in 2019 for $1.2 million. It was then auctioned off for the sum of $2.5 million, but when the bid fell through, it was listed on the open market for $1.8 million.

Thereafter, the property was sold to Iddo Gavish of Century 21 Gavish Real Estate for approximately $1.4 million. Gavish had spruced up the property before putting up for sale, modernizing the home with several large-scale updates to the landscaping, gates, pool, master bathroom and kitchen due to a need for “rehab and renovation.”

Later, the home – which comes in at 7,230 square-feet and offers an impressive six bedrooms and six bathrooms – was purchased by Blooming Desert LLC in 2021 for $1.4 million. It was then put up for sale for a brief amount of time in 2022 for an asking price of $2.7 million; however, the home was later sold in September 2023 in a foreclosure sale for approximately $2 million to Brumbies Capital, a private lending company.

1701 WALDMAN AVENUE, LAS VEGAS – $2,500,000.00

Nate Strager of Luxury Estates International Is the listing agent for the property, which was put on the market on January 17. The home listing notes that additional renovations were carried out following the foreclosure amounting to approximately $40,000 worth of work, which focused mainly on landscaping and refinishing the pool.

Two sets of sliding glass doors gaze out to an extensively renovated backyard with new turf, mature trees, brick walkways, a gazebo and firepit-ready corner patio,” the listing says.

Other amenities in the house include a large chandelier in the family room, a covered balcony overlooking downtown Las Vegas, and a three-car garage with a small living space that could function as an additional bedroom.

See full listing details for 1701 Waldman Avenue, Las Vegas

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – 2023 saw an impressive number of condominium sales in Las Vegas, with the highest-priced property that exchanged hands last year taking place courtesy of Mark Davis, the owner of the Las Vegas Raiders NFL team, who sold off his condo located in Summerlin’s affluent The Summit Club for a cool $10.5 million.

Davis – who had originally listed the condo for $13.5 million – purchased the 2,862-square-foot unit in March 2021 for $5.3 million, making the sale price a substantial return on his initial investment.

Clark County property records lists Stay Away LLC as the buyer of the two-story condo, which boasts two bedrooms, two three-quarter baths, one half bath, a great room with a fireplace, a large kitchen, and a balcony.

Davis made the decision to sell his condo because he wanted to be closer to West Henderson, where the Raiders’ headquarters is located. At the time of the listing, he reportedly stated he realized he would be unable to see the Raiders’ Allegiant Stadium from The Summit Club abode, which was “starting to drive me crazy.”

Davis currently has a $14 million home under construction at 77 Sunset Strip in the Henderson hillsides of Ascaya, where he plans to reside full-time.

The 15,000-square-foot Ascaya residence is being developed by luxury builder Blue Heron on a 6.3-acre plot of land that Davis purchased for $6 million. The three-story home is being built so that it resembles Allegiant Stadium – of which it will have unobstructed views – with the upper floor being patterned after the bridge of a ship.

Following Davis’ condominium, the number two condo sale in Las Vegas for 2023 was an $8 million tie between a 6,401-square-foot penthouse at Turnberry Place and a 3,922-square-foot condo at the Waldorf Astoria on the Las Vegas Strip.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.