Q1 16
L a s V e g a s
LAS VEGAS
GIVE REAL SERVICE, YOU MUST “ TO ADD SOMETHING THAT CANNOT BE BOUGHT OR MEASURED WITH MONEY, AND THAT IS SINCERITY, INTEGRITY, AND THE DRIVE TO GIVE THE VERY BEST.
”
CELEBRATING
10 YEARS
2006 - 2016
REAL SERVICE, REAL RESULTS. In celebration of my 10 years in the industry this month, I stop to reflect... It has been an honor to not only work with some of the most amazing clients, but to also build a long-lasting relationship with them. On this journey, I have learned many things along the way. The most important of these lessons being that to give real service, you must add something that cannot be bought or measured with money, and that is sincerity, integrity, and the drive to give the very best. When I first entered the business, I thought I would instantly become a millionaire. Little did I know that I would be eating Top-Ramen noodles for breakfast, lunch, and dinner. However, no matter what the hurdle, my vision remained clear. It is to become the Las Vegas luxury real estate broker of choice and to create a brokerage that offers services second to none. Today, I’m proud to say that I have broken numerous records within various communities and high rises that were once held by well-established brokers. It is these milestones that Luxury Estates International-Las Vegas has grown to over 20 well-polished agents trained by yours truly. And so, I would like to say thank you to all who have supported this dream and entrusted Luxury Estates International to list and sell your most prized possessions, and even find you your dream home. It has been my greatest pleasure to represent some of the most distinctive properties in the valley and to work alongside Las Vegas’ most affluent individuals and families. Here’s to another decade! Regards,
Kamran Zand Broker/Founder
3
“AFTER LISTING OUR HOME, KAMRAN AND HIS TEAM SHOWED THE HOUSE TO EIGHT DIFFERENT POTENTIAL BUYERS IN 12 DAYS! TO OUR SURPRISE AND DELIGHT, HE SECURED AN ALL CASH OFFER FOR FULL ASKING PRICE WITHIN 13 DAYS OF LISTING!” - Mark & Courtney Sudol MacDonald Highlands | $2,250,000
4
C
O
N
T
E
N
T
S
NOTEWORTHY IMPACT
LISTINGS
4
Sales: MacDonald Highlands
6
Seven Hills
28
Marketing: Single Property Sites
8
Veer Towers
10
Legacy Estates
QUARTERLY REPORT
12
Mandarin Oriental
29
Market Statistics
14
Southern Highlands Country Club
30
Single Family Sold Homes
16
Trump Las Vegas
32
High Rise Sold Units
18
Red Rock Country Club
20
Mandarin Oriental
LEI NEWS
22
Section 3
33
Event Snapshots
23
Desert Shores
34
LEI Agents
24
The Martin
35
LEI Fan Photo Winner
26
Veer Towers
5
6
BLUE HERON DESIGN Seven Hills 2801 Via Tazzoli Court
La Vita, a guard-gated community in Seven Hills, is the ideal location for this incredible custom home. Tucked away between the rolling greens of the Rio Secco Golf Club you’ll find 2801 Via Tazzoli, a Blue Heron masterwork of contemporary desert living. With an array of collapsible pocket doors, the chic floor plan expands to blur the lines between indoors and out, offering thrilling views and indulgence in the desert’s beauty. The distinct architecture and muted color palette lends a striking curbside appeal to this home, which takes every opportunity to invite in light and beauty. As you admire the gleaming glass, a gated courtyard greets you with its cascading fountains. The atrium entrance reveals a towering ceiling with large picture windows. The whole home features factory-tinted glass, yet the atrium and other sun-bearing windows have an added layer of after-market tint, enhancing the home’s ability to maintain that just-right temperature. Use the Crestron Whole Home Automation system for unsurpassable mobile control of the home’s digital features.
3,642 SQFT | 4 BD | 4.5 BA | 3-Car Garage Offered at $1,650,000
7
EXQUISITE PENTHOUSE PLEASURE Veer Towers 3722 Las Vegas Blvd S - Unit 3502
Thirty-five floors above CityCenter, this Veer Towers penthouse presides over world-class entertainment, high-stakes gaming, the finest dining, and ultraluxe shopping where you can live out your every desire. This spacious corner unit faces northeast, capturing the best Strip views, including the famous Bellagio fountains! You are in for something special as soon as you open the door. Instantly greeted by wall-to-wall, floor-to-ceiling windows, the view is undeniably breathtaking. This unit is as digitally sophisticated as it is visually stunning. Remote DropShade window coverings offer shade and privacy, Lutron lighting sets the right mood, and the Nest system monitors comfort control. To top it off, the Sonos Sound System brings it all together to create the perfect ambiance for any occasion night or day.
3,414 SQFT | 2 BD | 2.5 BA | Parking: Valet Veer3502.com | Offered at $3,500,000
8
9
10
RESORT STYLE MASTERPIECE Legacy Estates 2024 Troon Drive
Remember the days when a golf community meant rich tree-lined streets, sweeping views of an emeraldgreen course, and an air of exclusivity you don’t find today? The Grand Legacy is a guard-gated community that brings back that feeling. You’ll love the convenient Henderson location, close to all the fine amenities the city has to offer, and you’ll absolutely fall in love with this incredible home. Gifted with a $700K+ gut-out interior/exterior remodel, this home brings oldstyle charm and modern features to life. 2024 Troon sits in the private Legacy Estates enclave. With stamped-and-stained concrete and sharp clean architectural lines, this double-gated masterpiece is sure to impress. Step through the custom wood-andglass double doors to the raised formal entrance. You’ll immediately notice the backlit soffit ceilings, gleaming imported Cappuccino marble flooring with Alder wood insets and Paris Peach mosaic accents, and the incredible bank of three French doors overlooking the rear lawn and 8th hole golf frontage.
5,129 SQFT | 4 BD | 5.5 BA | 4-Car Garage 2024Troon.com | Offered at $1,500,000
11
WORLD CLASS DESIGN Mandarin Oriental 3750 Las Vegas Blvd S - Unit 3308
Discover the most remarkable turn-key residence in the Mandarin Oriental. Designed and decorated by world-class designer Linda Tatum of L2 Luxurious Lifestyle Consultants. Features include: amazing North Strip views from every window, dual master bedrooms, Venetian glass chandeliers, custom fireplace, built-in closets, and more!
2,910 SQFT | 2 BD | 2.5 BA | Parking: Valet Offered at $2,995,000
12
13
14
DIVINE DAVINCI MODEL Southern Highlands Country Club 11986 Port Labelle Drive
Popular DaVinci model on the golf course within
Southern
Highlands
Country
Club!
Original owners! Home features include: 5 fireplaces, separate guest quarters, en suite bedrooms, forest-like views, stainless steel Dacor appliances,
granite
countertops,
travertine
flooring, and a full-service wet bar. Back yard features include: grand swimming pool, lush grass areas, separate courtyard with fireplace, and mature landscaping.
5,098 SQFT | 5 BD | 5.5 BA | 3-Car Garage Offered at $1,300,000
15
WHITE GLOVE LUXURY Trump Las Vegas 2000 Fashion Show Drive - Unit 6109
The perfect pied-à-terre! From the time you pull into the convenient and spotless valet and are greeted personally, to the moment you enter your fully furnished 1,529 sq. ft one bedroom turn-key luxury penthouse, you will feel the quality, pride, and attention to detail that can only mean a Trump property. This unit features a drop-dead strip view from every window!
Trump Tower amenities include: •
Executive board room
•
Ultra-exclusive pool
•
Award-winning restaurants
•
State-of-the-art fitness center
•
White-glove concierge services
1,529 SQFT | 1 BD | 1.5 BA | Parking: Valet Offered at $1,100,000
16
17
18
MOUNTAIN VIEW ESTATE Red Rock Country Club 2821 Soft Horizon Way
Exceptional 5 bedroom home on the golf course in the heart of Red Rock Country Club. Home features include: en suite bedrooms, central vacuum, 3 balconies, wet bar, spa-like master bathroom with ample built-in closet space, and breathtaking views of the golf course and mountains. Lot features include: stamped concrete driveway, enclosed courtyard, covered patio, swimming pool and spa, outdoor fire pit, and more!
4,083 SQFT | 5 BD | 6 BA | 3-Car Garage Offered at $899,000
19
FIVE DIAMOND PENTHOUSE Mandarin Oriental
European opulence at its best. The finest combined design elements, technology, and materials create this exclusive, one-of-a-kind, top floor private penthouse. Defining the upscale lifestyle, Mandarin Oriental is one of only six properties in the country to hold the AAA Five Diamond Award, and three Forbes Five Star Awards for its hotel, restaurant, and spa. At the heart of the Strip, you are within walking distance of the finest shopping, dining, entertainment, and the new T-Mobile Arena.
2,247 SQFT | 2 BD | 2.5 BA | Den Price Upon Request
20
21
CUSTOM MODERN ESTATE Section 3 1909 Plantea Court
One-of-a-kind custom Executive Home Builder (EHB) home located at the end of a cul-de-sac within an exclusive gated community. Home features include: Jerusalem stone, 3 fireplaces, motor court with remote control gate, RV/ boat parking, 5-car garage, security cameras, downstairs
junior
master
bedroom,
steam
shower, recessed coffered ceilings, travertine floors, 2 wine coolers and wet bar, 3 balconies, pool, spa, and waterfall!
5,228 SQFT | 4 BD | 4.5 BA | 5-Car Garage Offered at $799,000
22
BEAUTIFUL WATERFRONT OASIS Desert Shores 2513 Seascape Drive
Exquisite waterfront home in Desert Shores’ Racquet Club gated community. This home is gorgeous and tastefully remodeled for the most discerning buyer. Home features include: downstairs master bedroom, pleasant sunset and lake views, brand new laminate flooring, light fixtures, kitchen cabinets and countertops. Desert Shores is a 682-acre master planned community featuring 4 man-made lakes and a plethora of amenities.
1,968 SQFT | 2 BD | 2.5 BA | 2-Car Garage Offered at $435,000 23
RICH UPGRADED DECOR The Martin 4471 Dean Martin Drive - Unit 2305
Highly
upgraded,
professionally
decorated
south facing unit overlooking the new T-Mobile Arena. Upgrades include: hardwood floors, automatic shades and black-outs, stainless steel appliances, cararra marble, kashmir granite, and much more!
1,111 SQFT | 2 BD | 2 BA | Parking: Assigned Offered at $385,000
FRESH OPEN PERFECTION The Martin 4471 Dean Martin Drive - Unit 3706
Pristine, north-facing 2 bedroom residence with views of the famous Las Vegas Strip. Upgrades include: stainless steel appliances, soft close cabinets, cararra marble and kashmir granite. Only 585 steps to the CityCenter!
1,111 SQFT | 2 BD | 2 BA | Parking: Assigned Offered at $400,000
24
CORNER BALCONY VIEWS The Martin 4471 Dean Martin Drive - Unit 4009
Spectacular end-cap unit with unparalleled views of the Las Vegas Strip. Upgrades include: hardwood floors, automatic shades and blackouts, stainless steel appliances, cararra marble and Kashmir granite.
Tower features include: •
585 steps to CityCenter
•
Fitness center & yoga studio
•
Garden & library lounge
•
Pool, cabanas, spa, & grilling area
1,652 SQFT | 2 BD | 2.5 BA | Parking: Assigned Offered at $805,000
25
TURN-KEY CORNER COMFORT Veer Towers 3726 Las Vegas Blvd S - 2106
Fabulous turn-key corner unit located in the heart of the CityCenter. Walking distance to the new T-Mobile arena, fine dining, shopping, Broadway-caliber entertainment, art galleries, and more!
905 SQFT | 1 BD | 1 BA | Parking: Valet Offered at $430,000
ELEGANT SOPHISTICATED PENTHOUSE Veer Towers 3722 Las Vegas Blvd S - Unit 3504
Beautiful
custom-built
penthouse
in
Veer
Towers at CityCenter. Visually stunning and digitally sophisticated, this unit offers full home automation features and top-of-the-line finishes. Fully furnished and turn-key!
2,216 SQFT | 2 BD | 2 BA | Parking: Valet Offered at $1,995,000
26
CUSTOM STUNNING TURN-KEY Veer Towers 3722 Las Vegas Blvd S - Unit 3501
One-of-a-Kind
custom-built
penthouse
of
Veer Towers. Visually stunning and digitally sophisticated, this unit offers the very best Las Vegas Strip views, Floor-to-ceiling windows, home automation features, and top-of-the-line finishes. Fully furnished and turn-key!
2,631 SQFT | 2 BD | 2.5 BA | Parking: Valet Offered at $2,600,000
CHIC GLAMOR VIEWS Veer Towers 3722 Las Vegas Blvd S - Unit 2606
Views and more views! Fully furnished and located in the heart of CityCenter. Walking distance to the new T-Mobile Arena, fine dining, shopping, Broadway-caliber entertainment, art galleries, and more!
1,651 SQFT | 2 BD | 2 BA | Parking: Valet Offered at $1,320,000
27
2024TROON.COM
THE2400.COM
DISCOVER | VIEW | LEARN | TOUR (3D)
DISCOVER | VIEW | WATCH | TOUR (3D)
VEER3502.COM
1636LIEGE.COM
DISCOVER | VIEW | WATCH | TOUR (3D)
DISCOVER | VIEW | LEARN | TOUR (3D)
UNIQUE EXPOSURE. 28
LAS VEGAS MARKET STATISTICS
Q1
Q1
ACTIVE HOMES
459
ACTIVE UNITS
94
EXPIRED HOMES
44
EXPIRED UNITS
15
PENDING HOMES
61
PENDING UNITS
3
SOLD HOMES
58
SOLD UNITS
14
YTD
YTD
SOLD HOMES
58
SOLD UNITS
14
AVG DOM
132
AVG DOM
112
SALE PRICE - AVG
$1,820,115
SALE PRICE - AVG
$2,077,714
SALE PRICE - HIGH
$6,500,000
SALE PRICE - HIGH
$4,250,000
SP / SQFT. - AVG
$296.10
SP / SQFT. - AVG
$635.80
SP / SQFT. - HIGH
$685.40
SP / SQFT. - HIGH
$1060.00
LIST PRICE - AVG
$2,553,185
LIST PRICE - AVG
$2,614,418
LIST PRICE - HIGH
$25,000,000
LIST PRICE - HIGH
$29,000,000
Data are comprised of $1M+ resale homes between 1/1/16-3/31/16. Information deemed reliable, but not guaranteed.
29
I
Single Family First Quarter 2016
Sold Homes Luxury Residence
LEI
LEI
List Price
Sale Price
SP/SqFt
DOM
Closing Date
SqFt
Bed
Bath
Community
103 GROSSE POINTE PL
$3,500,000
$3,350,000
$367
243
1/29/16
9920
6
8
Anthem CC
2 BLOOMFIELD HILLS DR
$2,799,000
$2,450,000
$293
219
3/14/16
8349
6
7
Anthem CC
5 CRYSTAL TREE PS
$2,285,000
$2,100,000
$280
127
3/29/16
7487
5
9
Anthem CC
6 CHARTIERS CT
$1,800,000
$1,675,000
$259
194
1/26/16
6465
6
6
Anthem CC
53 KITTANSETT LP
$1,399,900
$1,325,000
$230
7
2/23/16
5756
6
7
Anthem CC
207 RED ROCK RD
$1,175,000
$1,000,000
$257
138
1/29/16
4942
4
5
Boulder City
400 ST ANDREWS CT
$1,495,000
$1,300,000
$130
6
1/26/16
10032
6
6
Canyon Fairways
9312 CANYON CLASSIC DR
$1,099,900
$1,025,000
$255
400
1/26/16
4019
4
5
Canyon Fairways
8628 TITLEIST CIR
$1,880,000
$1,770,000
$275
32
2/26/16
6444
5
7
Canyon Gate
2037 GROUSE ST
$2,750,000
$2,342,250
$209
226
2/3/16
12274
7
8
Eagle Hills
9140 GOLDEN EAGLE DR
$1,200,000
$1,020,000
$217
13
3/21/16
4693
6
5
Eagle Hills
29 VIA MIRA MONTE
$1,000,000
$1,050,000
$339
1
3/22/16
3099
4
5
Lake Las Vegas
1607 LIEGE DR
$4,250,000
$4,000,000
$486
56
3/17/16
8237
4
7
MacDonald Highlands
1452 MACDONALD RANCH DR
$3,995,000
$3,550,000
$392
135
2/24/16
9060
7
8
MacDonald Highlands
604 ST CROIX ST
$3,499,990
$3,250,000
$323
115
3/31/16
10067
5
8
MacDonald Highlands
1474 REIMS DR
$3,499,000
$3,125,000
$391
207
1/26/16
7998
5
7
MacDonald Highlands
588 ST CROIX ST
$3,250,000
$3,000,000
$308
23
2/1/16
9756
8
10
MacDonald Highlands
638 ST CROIX ST
$2,350,000
$2,300,000
$294
573
2/9/16
7827
4
6
MacDonald Highlands
1636 LIEGE DR
$2,250,000
$2,250,000
$303
13
3/31/16
7424
5
8
MacDonald Highlands
525 BIGHORN RIDGE AV
$1,750,000
$1,625,000
$271
152
1/12/16
5993
4
6
MacDonald Highlands
2305 CEDARDALE PL
$1,795,000
$1,640,000
$247
246
3/28/16
6632
6
9
Mountain Trails
2313 CEDARDALE PL
$1,535,000
$1,505,000
$248
163
1/28/16
6071
5
5
Mountain Trails
4540 N CONQUISTADOR ST
$1,099,900
$1,049,900
$202
11
3/28/16
7496
4
4
Northwest
8537 VERDE PARK CIR
$1,000,000
$1,000,000
$200
1
3/17/16
4998
3
6
Northwest
$119,000
$11,500,000
$8,203
7
3/31/16
1402
3
3
Northwest
3820 SUMMER BREEZE CIR 2556 RED ARROW DR
$3,499,000
$3,400,000
$384
71
2/9/16
8845
5
7
Red Rock CC
2922 RED ARROW DR
$1,650,000
$1,500,000
$285
64
1/7/16
5687
4
5
Red Rock CC
11476 MORNING GROVE DR
$1,595,000
$1,545,000
$278
4
2/3/16
5555
5
5
Red Rock CC
11495 MORNING GROVE DR
$1,450,000
$1,410,000
$298
84
2/26/16
4725
5
5
Red Rock CC
2737 TURTLE HEAD PEAK DR
$1,349,000
$1,300,000
$310
16
2/10/16
4200
3
4
Red Rock CC
11358 WINTER COTTAGE PL
$1,300,000
$1,300,000
$411
4
3/23/16
3496
4
5
Red Rock CC
11305 GOLDEN CHESTNUT PL
$1,290,000
$1,270,000
$259
88
1/27/16
4899
4
5
Red Rock CC
2551 TURTLE HEAD PEAK DR
$1,199,000
$1,150,000
$301
184
1/29/16
3823
3
4
Red Rock CC
3269 ELK CLOVER ST
$1,150,000
$1,100,000
$251
64
2/26/16
4374
4
5
Red Rock CC
1612 QUARTZ LEDGE CT
$1,249,701
$1,100,000
$238
112
3/15/16
4623
4
6
Sandstone Edge
2021 S VALADEZ ST
$3,500,000
$1,450,000
$223
26
3/24/16
7419
5
6
Section 4
2000 STRADA MIA
$1,385,000
$1,285,000
$203
141
1/29/16
6631
6
6
Section 4
1377 RUBY SKY CT
$1,175,000
$1,100,000
$222
1
3/22/16
4964
4
4
Seven Hills
7199 RANCHITO CR
$2,599,900
$2,100,000
$183
331
2/26/16
11478
6
8
Sierra Vista Ranchos
2256 EDGE RIDGE CT
$2,325,000
$2,050,000
$353
124
3/31/16
5809
4
5
Sky Terrace
4231 SAN ALIVIA CT
$1,195,000
$1,195,000
$229
3
3/21/16
5225
6
6
Southern Highlands
Data are comprised of $1M+ resale homes between 1/1/16-3/31/16. Information deemed reliable, but not guaranteed.
30
Single Family First Quarter 2016
Sold Homes Luxury Residence
List Price
Sale Price
SP/SqFt
DOM
Closing Date
SqFt
Bed
Bath
Community
$1,695,000
$1,625,000
$319
8
2/25/16
5419
5
6
Southern Highlands CC
5870 W OQUENDO RD
$1,200,000
$1,150,000
$215
24
3/16/16
6799
9
7
Southwest
5039 SPANISH HEIGHTS DR
$2,299,999
$2,100,000
$184
338
2/18/16
11390
5
7
Spanish Hills
5083 MOUNTAIN FOLIAGE DR
$1,299,000
$1,300,000
$306
48
2/19/16
4245
4
4
Spanish Hills
5008 MOUNTAIN FOLIAGE DR
$1,199,900
$1,100,000
$261
10
3/25/16
4217
3
5
Spanish Hills
11937 OAKLAND HILLS DR
4654 BERSAGLIO ST
$1,265,000
$1,175,000
$392
32
3/18/16
2994
2
3
Sun City Siena
2804 COAST LINE CT
$2,000,000
$1,500,000
$171
1297
2/16/16
8753
4
8
The Lakes
2900 COAST LINE CT
$1,499,000
$1,449,500
$255
64
3/9/16
5678
5
6
The Lakes
10425 ORKINEY DR
$1,299,000
$1,235,000
$227
83
1/25/16
5446
5
6
The Palisades
28 PAINTED FEATHER WY
$8,450,000
$6,500,000
$658
221
2/16/16
9873
5
8
The Ridges
18 DRIFTING SHADOW WY
$2,999,000
$2,900,000
$685
80
2/19/16
4231
4
6
The Ridges
48 WILDWING CT
$2,750,000
$2,690,000
$435
39
3/18/16
6481
5
7
The Ridges
63 PANORAMA CREST AV
$1,749,000
$1,575,000
$392
64
1/27/16
4013
4
5
The Ridges
60 WILDWING CT
$1,649,000
$1,500,000
$248
398
3/4/16
6040
3
4
The Ridges
42 MOONFIRE DR
$1,599,900
$1,465,000
$317
223
4618
4
5
The Ridges
84 TAPADERO LN
$1,199,000
$1,185,000
$346
4
3/22/16
3955
4
5
The Ridges
1309 REISLING CT
$1,095,000
$1,010,000
$293
142
3/29/16
3800
4
5
The Vineyards
10964 WILLOW HEIGHTS DR
$1,195,000
$1,150,000
$267
LEI
3/31/16
3/7/16
4309
4
4
Willow Creek
LEI
16
LEI A Luxury Estates International Transaction
Data are comprised of $1M+ resale homes between 1/1/16-3/31/16.
Q1 16 WHICH COMMUNITY DEMANDS THE MOST?
WHICH COMMUNITY SOLD THE MOST? % - Based on the Total Homes Per Community
$ - By Average Sale Price Per Square Foot Red Rock CC
MacDonald Highlands
The Ridges
Anthem CC
Queensridge
All Other
$700
70%
$600
60%
49%
$500
$412
$400 $300 $200
40%
$320
$280 16%
50%
$242 14%
30%
$181 12%
$100
20%
9%
10%
n/a Average sale price per SqFt is comprised from all homes sold between 1/1/16-3/31/16.
n/a
Percentage data are comprised of $1M+ resale homes between 1/1/16-3/31/16.
31
I
I
High Rise First Quarter 2016
Sold Units LEI
LEI
LEI
LEI
Unit #
List Price
Sale Price
SP/SqFt
DOM
Closing Date
SqFt
Bed
Bath
High Rise Tower
4303
$4,950,000
$4,100,000
$1,030
119
2/19/2016
3980
3
4
Mandarin Oriental
3005
$3,300,000
$3,177,999
$1,060
29
3/4/2016
2998
2
3
Mandarin Oriental
2705
$2,799,888
$2,725,000
$909
258
3/5/2016
2998
2
3
Mandarin Oriental
2504
$1,699,000
$1,500,000
$585
89
2/24/2016
2563
2
3
Mandarin Oriental
1201-T1
$2,475,000
$2,360,000
$492
223
1/26/2016
4792
5
6
One Queensridge Place
1402-T1
$2,295,000
$2,200,000
$571
16
2/13/2016
3856
3
4
One Queensridge Place
904-T2
$1,699,900
$1,575,000
$508
23
3/19/2016
3100
2
4
One Queensridge Place
1104-T2
$1,499,999
$1,400,000
$452
13
2/27/2016
3100
3
4
One Queensridge Place
504-T2
$1,485,000
$1,425,000
$460
184
2/17/2016
3100
3
4
One Queensridge Place
503-T2
$1,125,000
$1,100,000
$417
223
3/31/2016
2638
2
2
One Queensridge Place
601 - A
$1,175,000
$1,100,000
$535
108
2/17/2016
2055
2
3
Park Towers
4500
$4,500,000
$4,250,000
$328
264
1/8/2016
12940
0
0
The Martin
2804E
$1,200,000
$1,075,000
$772
32
3/8/2016
1392
2
2
Veer Towers
1708E
$1,100,000
$1,100,000
$781
0
1408
2
2
Veer Towers
LEI
LEI
3/15/2016
Data are comprised of $1M+ resale units between 1/1/16-3/31/16.
LEI A Luxury Estates International Transaction
Q1 16 WHICH BUILDING DEMANDS THE MOST? $ - By Average Sale Price Per Square Foot Mandarin Oriental $900
One Queensridge Place
The Martin
Veer Towers
Park Towers
Turnberry Towers
$844
90%
$800
80%
$700
70%
$600
38%
$400 $300
31%
$456
50%
$374
40%
$329
30%
15%
$200 $100
60%
$523
$461
$500
8%
20%
8% n/a
Average sale price per SqFt is comprised from all units sold between 1/1/16-3/31/16.
32
WHICH BUILDING SOLD THE MOST? % - Based off Total Units Sold Per Building
Percentage data are comprised of $1M+ resale units between 1/1/16-3/31/16.
10%
SNAPSHOTS 1
Real Estate Millions
4
RJrealestatemillions.vegas
LAS VEGAS REVIEW-JOURNAL • SUNDAY, MARCH 6, 2016
QUESTIONS • 702-383-0299
a
SECTION
G
HOME TOUR
1--FRONT PAGE NEWS Luxury Estates International (LEI) headlines news for representing some of the most distinctive properties in the valley.
5 COURTESY
A Veer Towers penthouse suite, unit No. 3502, has Strip views from every room.
Penthouse showcases Strip views Techie unit has European class with touch of bling By VALERIE PUTNAM REAL ESTATE MILLIONS
T
hirty-five floors above City Center, Veer Towers penthouse suite, unit No. 3502, differentiates itself with its breathtaking view of the Strip. “It has the longest stretch of floor-to-ceiling windows of any unit in Las Vegas, making the view ever-present and quite unique,” said owner James Park of the view provided by 13-foot-high windows. “The apartment at dusk is really something to behold, as the sunset glow from the desert mountains is pierced by the bright lights of the city.” The suite is listed for $3.5
COURTESY
Premium finishes and fixtures such as custom white lacquer cabinets, granite counters with a leather finish and professional-grade stainless-steel appliances clad the gourmet kitchen.
million through Kamran Zand, broker/owner of Luxury Estates International. Its northeast-
facing wall of windows stretches more than 50 feet, showcasing a 180-degree unobstructed view
Preserving Liberace By HOLLY IVY DEVORE REAL ESTATE MILLIONS
A lot can change in a few years. Need evidence? Look at the Liberace Mansion at 4982 Shirley St. In summer 2013, the 14,393-squarefoot former part-time residence of iconic piano virtuoso Wladziu Valentino Liberace (1919-1987) – known for his showmanship while performing on the Las Vegas Strip, sequined costumes and opulent lifestyle – was in foreclosure after several changes of ownership following his 1987 death. Signs of neglect were evident both inside and out, and its cracking walls were a sign of a sink hole hidden under its master suite wing. Its glory days of glitz and glamour were no more. That was then and this is now. Now the Liberace Mansion is back in
including Harmon Corner, Paris Las Vegas and partial Bellagio fountain vistas. Turning inward from the view reveals the masterful design and modern luxury embodying the fully furnished 3,419-square-foot unit. “The property has never been lived in,” Zand said. “This is turn-key, whoever purchases the unit won’t have to worry about anything.” The Penthouse is comprised of two spacious master bedrooms, 2½ luxurious baths and a sleek and stylish gourmet kitchen that opens to a formal dining room and expansive great room. Every room showcases the outstanding view. Park, an entrepreneur who has been a stocks and currency trader for the past 10 years, purchased it in March as a gray shell. The unit had not been completed other than structural framing, giving Park a blank canvas to design the interior
COURTESY/LAS VEGAS NEWS BUREAU
Tune in to Real Estate Live on 720 AM Radio KDWN
R E A L E S TAT E P R O F E S S I O N A L S
The LEI team enjoys a company outing to Venice Beach for a brainstorming session and to discuss goals for 2016.
▶ See VEER, page 4G
Liberace poses at a piano in his namesake museum at 1775 E. Tropicana Ave. in 1979.
▶ See LIBERACE, page 2G
every Wednesday from 9:00a.m.-10:00a.m. for FREE Valuable Lending and Real Estate Information
702-570-0073
FOX5 KVVU-TV featured LEI to share insight and expertise into the Las Vegas luxury housing market.
3--BRAINSTORMING BY THE BEACH
4--LEI PUTS THE “L” IN LUXURY
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the spotlight, receiving the first Clark County Historical Designation with an unanimous vote of the Clark County Commissioners last week. This is a big step from when United Kingdom businessman and long-time Liberace fan Martyn Ravenhill purchased the foreclosed home for a mere $500,000 or $34.74 per square foot in August 2013 and embarked on extensive preservation and restoration efforts after fixing the sink hole. He said he has spent more than $1 million in restoring this slice of Las Vegas history. These efforts are still ongoing. “We pursued this designation because we were very concerned about the future of the mansion, and I wanted to make certain that it remains intact. It was neglected when I purchased it,
2--LEI GOES LIVE
Luxury Las Vegas Magazine features Kamran Zand, topproducing broker of LEI.
6
www.homesforsale-lasvegas.com
Richard Emanuele “Short Sale Expert & Probate Specialist”
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5--LEARNING THE LATEST The LEI team attended a 3-day conference to enhance their real estate sales negotiation tactics, and to be inspired by the latest, cutting-edge real estate marketing techniques.
6--HOT OFF THE PRESS Business Press sits down with Kamran Zand for an intimate interview on what has led to his success in luxury real estate.
7--REACHING GLOBAL CLIENTS LEI brings virtual reality (VR) property tours to its global clients.
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REDEFINING THE REALTOR
THE 34
LEI FAMILY L
LEI FAN PHOTO WINNER Facebook.com/LuxuryEstatesInternational 35
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Global Exposure | Local Presence
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© 2016 Luxury Estates International LLC. The Luxury Estates International logo and LEI acronym are registered service marks owned by Luxury Estates International LLC in the United States. Each office is independently owned and operated. Information is deemed reliable, but not guaranteed. If your home is listed with a real estate broker, this is not a solicitation for your business, please disregard.