Q2 16
L a s V e g a s
LAS VEGAS
IS YOUR HOME FIT FOR AN ATHLETE? Contact Kamran Zand today to see how your home can be featured in “The Lineup”, the official SportStar Relocation’s (SSR) digital magazine sent to our exclusive nationwide database of pro athletes, hall of famers, coaches, staff, money managers, sports agents, and athlete related professionals.
TARGETED EXPOSURE Luxury Estates International (LEI) is thrilled to begin an exciting relationship with SportStar Relocation (SSR). As a nationwide enterprise, the SSR team is dedicated to giving the very best in real estate and relocation services for athletes all over North America. With over 20 years of qualified experience helping athletes relocate to their new homes, they have perfected the art of a seamless move. Whether in need of a private jet, pet transportation, assurance of safe shipment for valuable belongings, turn-key interiors or simply having the fridge stocked with groceries, SSR has thought of it all. Catering to the most elite athletes, coaches, staff and well-known names in sports, convenience and confidentiality are an integral part of the SSR philosophy – just as that of myself and LEI.
Our partnership with SportStar Relocation not only delivers an unparalleled edge for professional athletes, but also lends to increased exposure for all of our luxury listings. With a database of pro athletes, hall of famers, coaches, staff, money managers, sports agents and everything in between, we are Las Vegas’ brokerage of choice for marketing luxury properties to the most broadest audience of qualified buyers. By utilizing our elite database, combined with the most cutting-edge and innovative marketing techniques, I promise to deliver unparalleled service and results.
Regards,
Kamran Zand Broker/Founder Luxury Estates International
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NOTEWORTHY IMPACT
LISTINGS
6
Testimonial
8
Section 3
42
New Las Vegas Record
10
Legacy Estates
12
Las Vegas South
QUARTERLY REPORT
14
Las Vegas Country Club
44
Market Statistics
16
Rancho Nevada Estates
45
Single Family Sold Homes
18
Ten Oaks
47
High Rise Sold Units
20
Southern Highlands Country Club
24
Veer Towers
LEI NEWS
26
Veer Towers
2
SportStar Relocation
28
Mandarin Oriental
22
Caimeiju Partnership
30
Mandarin Oriental
48
Event Snapshots
32
Mandarin Oriental
50
LEI Staff & Agents
34
Mandarin Oriental
36
Mandarin Oriental
38
Veer Towers
40
The Martin
41
Turnberry Place & Trump Las Vegas
5
“WORKING WITH KAMRAN WAS A PLEASURE. HE IS VERY PROFESSIONAL AND DOES WHATEVER IT TAKES TO GET MAXIMUM EXPOSURE FOR THE PROPERTY. THIS ENDS UP WITH VERY POSITIVE RESULTS IN A SHORT PERIOD OF TIME.” - Linda Tatum Mandarin Oriental | $6,500,000
4 6
Global Exposure | Local Presence
ARE YOU READY TO LIST WITH LAS VEGAS’ PREMIER LUXURY BROKERAGE? 7 0 2 3 5 4 2 0 2 3 | L u x u r y H o m e s L a s Ve g a s . c o m
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8
RESORT-LIKE MEDITERRANEAN ESTATE Section 3 2101 S Pioneer Way
Discover an architecturally significant Mediterranean estate positioned on over an acre of lush green grounds. Over 100 palm trees call this property home, and the endless pavement will host an array of automobiles from your collection. The block wall, with multiple electronic gates, surrounds the perimeter for ultimate privacy and security. Features include spacious en suite bedrooms, no HOA, expansive windows and more!
6,500 SQFT | 5 BD | 5 BA | 3-Car Garage Offered at $1,975,000
9
RESORT-STYLE REMODELED 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
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11
12
MODERN MARVEL MASTERPIECE Las Vegas South 11425 Klavans Court
This rare ultra-contemporary custom home is situated on nearly half an acre of land. Endless features include a private gated entrance, rooftop access with Strip views, and a state-of-the-art Control4 home automation system that will allow you to conveniently control audio, lighting, televisions, cameras, and more! Eco-friendly and energy efficient solar panels save you thousands of dollars a year in energy costs.
4,086 SQFT | 3 BD | 4.5 BA | 2-Car Garage Offered at $1,400,000
13
MID-CENTURY MODERN HOME Las Vegas Country Club 2911 Augusta Drive
Tastefully renovated mid-century modern home located in the established guard-gated community of Las Vegas Country Club. On the golf course, this gem boasts breathtaking Strip views. Nearly everything is new from the kitchen to the swimming pool. Home features include: top-of-the-line Fleetwood sliding doors, maple hardwood floors, surround sound, custom built-in cabinets, stainless steel appliances, and more!
3,607 SQFT | 4 BD | 4 BA | 2-Car Garage Offered at $1,095,000
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15 9
16
INDUSTRIAL MODERN GEM Rancho Nevada Estates 3100 Conners Drive
Industrial modern gem located in the historic guard-gated neighborhood of Rancho Nevada Estates.
Home
features
include:
polished
concrete floors, surround sound, game room, California shutters, corner lot over half an acre, and a large circular driveway. Ultra modern gourmet kitchen features stainless steel appliances, custom cabinets, and sub zero refrigerator. Private pool and lush landscaping accentuate this back yard oasis.
3,287 SQFT | 3 BD |3 BA | 2-Car Garage Offered at $749,500
17
BACK YARD OASIS Ten Oaks 7429 Doe Avenue
Exquisite ranch-style property within the guarded gates of Ten Oaks. This elegant home features an open floor plan accentuated by vaulted ceilings, and a two way fireplace. Hardwood flooring throughout. Gourmet kitchen includes maple cabinets, granite countertops, breakfast bar, stainless steel appliances and sub-zero refrigerator. Long stretch of windows offers a scenic view to the back yard oasis, multilevel pool, and more!
4,526 SQFT | 4 BD | 3.5 BA | 3-Car Garage Offered at $950,000
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19 9
20
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 $1,150,000
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LEI HAS GONE GLOBAL, SHOULDN’T YOUR HOME? Luxury Estates International (LEI) is proud to partner with Chinese-language real estate company Caimeiju (采美居). Founded in 2008, Caimeiju provides a powerful medium to solidify and expand LEI’s reach into the increasingly important Chinese market. Through their strong network and China-tailored marketing techniques, the company leverages accessible online media platforms such as WeChat, Weibo, Baidu and others as part of their outreach. Most importantly, Caimeiju professionally presents luxury properties overseas to wealthy clientele who would not otherwise be exposed to promising investment opportunities and second homes in cities such as Las Vegas.
Global Exposure | Local Presence
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24
VEER’S LARGEST PENTHOUSE Veer Towers 3722 Las Vegas Blvd S - Unit 3502
Views, views, views! Discover Veer Towers’ largest custom-built penthouse! The best Strip views in town come from the 50’+ stretch of 13’ high floorto-ceiling windows. Digitally sophisticated, this corner unit offers full home automation features, and top-of-the-line finishes. Dual master bedrooms, hardwood floors and enormous closets!
3,419 SQFT | 2 BD |2.5 BA | Parking: Valet Offered at $2,995,000
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BEST FOUNTAIN VIEWS Veer Towers 3726 Las Vegas Blvd S - Unit 3601
Views, views, views! Discover the best Strip and Bellagio Fountain views in town through the 13’ high floor-toceiling windows. Thirty-six floors above CityCenter, this Veer Towers penthouse presides over world-class entertainment, high-stakes gaming, the finest dining, and ultra-luxe shopping .
2,511 SQFT | 2 BD | 2.5 BA | Parking: Valet Offered at $2,100,000
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27
28
CUSTOM CROWN JEWEL Mandarin Oriental 3750 Las Vegas Blvd S - Unit 4206
Introducing Mandarin Oriental’s crown jewel. This brand new, meticulously custom-built penthouse offers dual master bedrooms, full Crestron home automation, breathtaking sunset views, plus amazing North and South Strip views. It is only here that you will find the design finishes and sophisticated features that truly celebrate fine living.
Mandarin Oriental amenities include: •
Room Service
•
Gym & Yoga Studio
•
On-site Housekeeping
•
Executive Board Room
•
World-class Salon & Spa
•
Award-winning Restaurants
•
Ultra-exclusive Pool & Cabanas
•
White-glove Concierge Services
3,922 SQFT | 2 BD | 2.5 BA | Parking: Valet Offered at $5,500,000
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EXQUISITE CUSTOM PENTHOUSE Mandarin Oriental 3750 Las Vegas Blvd S - Unit 4307
When you settle for nothing but the best, this is your penthouse! Custom built from grey shell. Luxurious features include: 36 Color indirect lighting system, wireless QMotion black-out and sheer blinds, and flush stainless steel baseboards with Fry Reglet reveal. The Vantage Home Automation System controls lights, blinds, temperature, audio, and video.
2,167 SQFT | 2 BD | 2.5 BA | Parking: Valet Offered at $2,350,000
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31
32
WORLD-CLASS LUXURIOUS 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 $2,750,000
33
SLEEK LUXURY REMODEL Mandarin Oriental 3750 Las Vegas Blvd S - Unit 3306
Introducing the ever-so-popular and revivified ‘06’ floor plan. This unit has been redesigned to maximize space with custom closets and built-in cabinets. Features include: Sonos surround sound, Lutron lighting, Nest thermostats, electronic blinds, refinished hardwood floors, vanities, counter surfaces, and more!
1,675 SQFT |1 BD + Den | 2 BA | Parking: Valet Offered at $2,100,000
34
35
36
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 + Den | 2.5 BA Price Upon Request
37
STUNNING CORNER PENTHOUSE Veer Towers 3722 Las Vegas Blvd S - Unit 3501
This spacious corner unit faces southeast, capturing the best Strip and mountain views. You are in for something special as soon as you open the door. Instantly greeted with wall-to-wall and floor-to-ceiling windows, the view is undeniably breathtaking and alluring! 2,631 SQFT | 2 BD | 2.5 BA | Parking: Valet Offered at $2,095,000
BEST FOUNTAIN VIEWS Veer Towers 3726 Las Vegas Blvd S - Unit 911
Bedroom corner unit with unobstructed views of the Strip. Walking distance to the new T-Mobile arena, fine dinning, shopping, Broadway-caliber entertainment, art galleries, and more! Building Features Include: valet, rooftop pool, concierge, 24-hour security, gym, and more!
1,475 SQFT | 2 BD | 2 BA | Parking: Valet Offered at $795,000 38
RICH UPGRADED DECOR Veer Towers 3726 Las Vegas Blvd S - 606
Fully furnished, modern 1 bedroom corner unit. Desirably positioned to overlook Aria’s famous Lumia Fountain! Home features include: Sonos surround sound, custom built-ins, electronic blinds, and more!
1,048 SQFT | 1 BD | 1 BA | Parking: Valet Offered at $499,000
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 $419,000
39
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, Carrara marble, and Kashmir granite.
1,652 SQFT | 2 BD | 2.5 BA | Parking: Assigned Offered at $805,000
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, Carrara marble, and Kashmir granite. Only 585 steps to the CityCenter!
1,111 SQFT | 2 BD | 2 BA | Parking: Assigned Offered at $400,000
40
LUXURIOUS ELEGANCE THROUGHOUT Turnberry Place 2747 Paradise Road - Unit 2502
Unit features 2 large balconies, stacked stone fireplace, track lighting, tile floors, and elegant light fixtures throughout. The custom open floorplan, upgrades, and amazing Strip and mountain views make this unit truly sensational!
2,805 SQFT | 3 BD | 2.5 BA | Parking: Assigned Offered at $1,250,000
WHITE GLOVE LUXURY Trump Las Vegas 2000 Fashion Show Drive - Unit 6109
The perfect pied-Ă -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 SqFt 1 bedroom turn-key luxury penthouse, you will feel the quality, pride, and attention to detail that can only mean a Trump property.
1,529 SQFT | 1 BD | 1.5 BA | Parking: Valet Offered at $995,000
41
NEW LAS VEG
42
GAS RECORD
MARKET-CHANGING KAMRAN ZAND SETS RECORDS IN 2016 The newly remodeled Mandarin Oriental Penthouse Unit 4503 just sold at $1,633 PSF, the highest price per square foot in Las Vegas, and the highest sales price in the Mandarin Oriental Las Vegas for a resale condo! Kamran Zand represented both buyer and seller. 3,980 SQFT | 2 BD | 2.5 BA | SOLD: $6,500,000
43
LAS VEGAS MARKET STATISTICS
Q2 ACTIVE HOMES
448
ACTIVE UNITS
91
EXPIRED HOMES
64
EXPIRED UNITS
17
PENDING HOMES
69
PENDING UNITS
5
SOLD HOMES
80
SOLD UNITS
11
YTD
44
Q2
YTD
SOLD HOMES
139
SOLD UNITS
24
AVG DOM
135
AVG DOM
109
SALE PRICE - AVG
$1,823,051
SALE PRICE - AVG
$1,902,625
SALE PRICE - HIGH
$7,000,000
SALE PRICE - HIGH
$6,500,000
SP / SQFT - AVG
$302.77
SP / SQFT - AVG
$655.54
SP / SQFT - HIGH
$685.42
SP / SQFT - HIGH
$1,633
LIST PRICE - AVG
$2,518,243
LIST PRICE - AVG
$2,570,514
LIST PRICE - HIGH
$22,000,000
LIST PRICE - HIGH
$29,000,000
Data are comprised of $1M+ resale homes between 4/1/16–6/30/16. Information deemed reliable, but not guaranteed.
Single Family Second Quarter 2016
Sold Homes List Price
Sale Price
SP/SqFt
DOM
Closing Date
SqFt
Bed
Bath
Community
75 KITTANSETT LP
Luxury Residence
$2,645,000
$2,400,000
$307
78
5/20/16
7,817
5
7
Anthem CC
1 YORKRIDGE CT
$2,450,000
$2,350,000
$411
10
5/17/16
5,711
4
5
Anthem CC
6 SANKATY CIR
$1,675,000
$1,450,000
$254
189
5/23/16
5,716
5
7
Anthem CC
4 ANTHEM POINTE CT
$1,300,000
$1,300,000
$299
4
6/29/16
4,354
5
5
Anthem CC
11 GREELY CLUB TR
$1,250,000
$1,075,000
$179
37
4/21/16
6,003
4
6
Anthem CC
2 LA CROSSE CT
$1,200,000
$1,025,000
$266
19
6/10/16
3,847
4
5
Anthem CC
219 RED ROCK RD
$1,099,000
$1,000,000
$219
178
4/11/16
4,558
3
5
Boulder City
14375 TRACY ST
$2,180,000
$1,530,000
$254
446
6/30/16
6,010
5
6
Calico Basin
965 BLACK LAVA CT
$1,695,000
$1,525,000
$225
53
6/30/16
6,775
5
6
Calico Ridge Canyon Fairways
9600 GRAND ISLE LN
$2,100,000
$1,950,000
$269
50
6/17/16
7,250
5
7
613 CANYON GREENS DR
$2,000,000
$2,000,000
$354
67
5/25/16
5,945
4
5
Canyon Fairways
9400 PLAYERS CANYON CT
$1,420,000
$1,300,000
$340
154
5/17/16
4,468
5
7
Canyon Fairways
8804 CANYON SPRINGS DR
$1,750,000
$1,521,400
$192
149
4/15/16
7,929
4
4
Canyon Gate
8816 CANYON SPRINGS DR
$1,645,000
$1,150,000
$235
141
4/1/16
4,903
4
6
Canyon Gate
8920 WILD CREEK CT
$1,250,000
$1,000,000
$191
17
6/24/16
5,247
4
5
Canyon Gate
8925 BROOK BAY CT
$1,425,000
$1,425,000
$300
16
5/2/16
4,743
4
5
Country Club Hills
1808 WHITE HAWK CT
$1,699,000
$1,650,000
$266
4
6/6/16
6,195
5
7
Eagle Hills
2276 CANDLESTICK AV
$1,490,000
$1,287,500
$253
67
6/13/16
5,087
5
4
Green Valley Ranch Estates
382 CACTUS RIVER CT
$1,049,000
$1,015,000
$168
36
4/21/16
6,036
5
7
Henderson
$999,000
$1,090,000
$278
12
5/6/16
3,918
4
4
Henderson
9 VIA RAVENNA CT
$3,250,000
$2,850,000
$374
97
4/14/16
7,627
4
5
Lake Las vegas
28 VIA TIBERIUS WY
$2,500,000
$1,300,000
$317
269
5/31/16
4,421
4
5
Lake Las Vegas
650 DU FORT AV
7 PLACA SANTA MARIA CT
$1,300,000
$1,100,000
$184
164
5/2/16
5,987
6
6
Lake Las Vegas
4 MEZZA LUNA CT
$1,299,000
$1,015,000
$245
57
5/18/16
4,151
5
5
Lake Las Vegas
2820 HIGH SAIL CT
$1,699,999
$1,500,000
$249
675
5/5/16
6,029
4
5
Lakes Estates
509 DRAGON GATE CT
$3,950,000
$4,000,000
$608
185
5/26/16
6,581
4
6
MacDonald Highlands
582 LAIRMONT PL
$3,899,888
$3,500,000
$405
105
5/17/16
8,648
4
8
MacDonald Highlands
663 SCENIC RIM DR
$3,875,000
$3,290,000
$532
55
5/5/16
6,185
5
5
MacDonald Highlands
583 ST CROIX ST
$3,450,000
$3,415,000
$355
885
5/4/16
9,614
5
7
MacDonald Highlands
1468 MACDONALD RANCH DR
$2,599,900
$2,300,000
$263
112
6/24/16
8,731
6
7
MacDonald Highlands
1476 MACDONALD RANCH DR
$2,550,000
$2,125,000
$405
166
4/1/16
5,249
4
5
MacDonald Highlands
1327 QUIET RIVER AV
$1,235,000
$1,175,000
$233
20
6/9/16
5,037
5
6
MacDonald Highlands
9904 GLENROCK DR
$1,795,000
$1,600,000
$310
10
6/7/16
5,157
5
5
Mountain Trails
9808 MOUNTAIN GROVE CT
$1,725,000
$1,700,000
$286
4
5/13/16
6,334
5
6
Mountain Trails
6860 West ROME BL BL
$3,450,000
$2,750,000
$454
516
6/1/16
6,063
5
5
Northwest
4998 North GRAND CANYON DR
$1,099,950
$1,060,000
$226
20
6/6/16
4,560
6
6
Northwest
7350 SKYLINE VISTA CT
$1,012,600
$1,095,368
$195
29
5/26/16
6,031
4
5
Northwest Northwest
$871,000
$1,043,141
$196
78
6/13/16
5,312
4
4
101 South ROYAL ASCOT DR
7370 SKYLINE VISTA CT
$1,299,900
$1,205,000
$229
220
4/22/16
5,252
4
6
Palisades
105 QUAIL RUN RD
$1,649,000
$1,475,000
$214
212
5/5/16
6,896
5
8
Qual Ridge Estates
9301 VERLAINE CT
$3,500,000
$2,550,000
$287
527
4/7/16
8,880
5
6
Queensridge
9317 VERLAINE CT
$1,750,000
$1,650,000
$251
42
4/29/16
6,579
4
6
Queensridge
9720 VERLAINE CT
$1,599,000
$1,150,000
$246
176
6/28/16
5,494
5
6
Queensridge
2438 East GREEN MOUNTAIN CT
$1,875,000
$1,600,000
$304
56
6/20/16
5,687
4
5
Red Rock CC Red Rock CC
2215 ALCOVA RIDGE DR
$1,695,000
$1,225,000
$243
203
6/14/16
5,037
5
6
11624 GLOWING SUNSET LN
$1,599,900
$1,315,000
$344
105
6/30/16
3,823
4
4
Red Rock CC
11635 EVERGREEN CREEK LN
$1,375,000
$1,380,000
$287
8
5/26/16
5,209
5
6
Red Rock CC Red Rock CC
2525 GRASSY SPRING PL
$1,239,000
$1,230,000
$322
6
4/28/16
3,823
3
4
2050 CHERRY CREEK CIR
$1,199,975
$1,135,000
$240
10
6/29/16
4,738
4
5
Red Rock CC
3080 RED SPRINGS DR
$1,099,000
$1,000,000
$262
1
5/25/16
3,823
4
4
Red Rock CC
763 RICOTA CT
$5,699,999
$4,000,000
$415
217
6/13/16
12,649
7
13
Roma Hills
Data are comprised of $1M+ resale homes between 4/1/16–6/30/16. Information deemed reliable, but not guaranteed.
45
Single Family Second Quarter 2016
Sold Homes List Price
Sale Price
SP/SqFt
DOM
Closing Date
SqFt
Bed
Bath
Community
2765 South TENAYA WY
Luxury Residence
$1,900,000
$1,900,000
$278
54
5/18/16
6,824
6
7
Section 10
1701 South TIOGA WY
$1,590,000
$1,536,700
$247
125
5/19/16
6,227
5
5
Section 3
1644 QUARTZ LEDGE CT
$1,565,000
$1,369,600
$296
111
5/5/16
4,623
4
6
Section 3
7511 CAPTAINS HARBOR DR
$1,179,000
$1,095,000
$177
31
6/10/16
6,180
4
6
Section 3
1376 OPAL VALLEY ST
$2,950,000
$2,700,000
$365
37
6/2/16
7,395
5
7
Seven Hills
1573 VILLA RICA DR
$2,499,900
$2,400,000
$300
14
4/29/16
8,013
6
8
Seven Hills
1356 OPAL VALLEY ST
$1,999,990
$1,900,000
$294
197
5/17/16
6,461
5
6
Seven Hills
2801 VIA TAZZOLI CT
$1,650,000
$1,575,000
$432
35
5/9/16
3,642
4
5
Seven Hills
1294 IMPERIA DR
$1,499,999
$1,475,000
$257
10
4/11/16
5,804
5
6
Seven Hills
2681 PONTE VECCHIO TE TE
$1,499,000
$1,350,000
$256
85
5/26/16
5,283
4
5
Seven Hills
6990 South PECOS RD
$5,999,990
$4,430,000
$228
511
6/30/16
19,429
7
12
Southeast
6631 TOMIYASU LN
$2,075,000
$1,925,000
$360
146
6/24/16
5,348
3
4
Southeast
46 RAVENSWOOD AV
$3,975,000
$3,000,000
$371
57
5/13/16
8,093
5
7
Southern Highlands CC
30 PEBBLE DUNES CT
$2,699,000
$2,550,000
$376
395
6/3/16
6,780
6
7
Southern Highlands CC
14 GREENSIDE DR
$2,475,000
$2,150,000
$355
206
5/26/16
6,050
5
6
Southern Highlands CC
12007 OAKLAND HILLS DR
$1,395,000
$1,125,000
$293
78
5/2/16
3,846
4
4
Southern Highlands CC
40 SAWGRASS CT
$2,150,000
$1,450,000
$190
546
5/27/16
7,636
4
7
Spanish Trail
$11,975,000
$7,000,000
$640
107
6/24/16
11,093
5
9
The Ridges
$2,950,000
$2,700,000
$426
20
6/10/16
6,342
6
7
The Ridges
23 HAWK RIDGE DR 62 MEADOWHAWK LN 20 SKYBIRD CT
$2,950,000
$2,850,000
$473
6
6/3/16
6,020
5
6
The Ridges
37 PROMONTORY RIDGE DR
$2,495,000
$1,875,000
$353
340
5/5/16
5,312
4
5
The Ridges
8 LOOKOUT RIDGE DR
$1,475,000
$1,528,781
$382
629
6/27/16
4,007
3
4
The Ridges
3 BOULDER ROCK CIR
$1,399,900
$1,399,900
$349
1
5/13/16
4,405
4
5
The Ridges
90 PRISTINE GLEN ST
$1,150,000
$1,050,000
$278
28
4/27/16
3,776
4
5
The Ridges
9029 GREENSBORO LN
$2,895,000
$2,750,000
$356
26
5/11/16
7,717
5
8
Tournament Hills
4103 VILLA RAFAEL DR
$1,089,500
$1,050,000
$186
123
4/5/16
5,644
5
6
Tuscan Cliffs
10885 IRIS CANYON LN
$1,250,000
$1,225,000
$301
2
6/20/16
4,376
6
6
Willow Creek
A Luxury Estates International Transaction
Data are comprised of $1M+ resale homes between 4/1/16–6/30/16.
Q2 16 WHICH COMMUNITY DEMANDS THE MOST?
WHICH COMMUNITY DEMANDS THE HIGHEST?
$ - By Average Sale Price Per Square Foot Red Rock CC
MacDonald Highlands
The Ridges
$ - Based on Homes Sold in Q2 Anthem CC
Queensridge
Southern Highlands
$7,000,000
$700
7M
$600
6M
$500 $4,000,000
$400 $300 $200
5M
$414
4M
$344
$257 $1,600,000
$3,000,000
$233
$2,400,000
$100
$252
3M 2M 1M
Average sale price per SQFT and the highest home price is comprised of all homes sold between 4/1/16–6/30/16.
46
$226
$2,550,000
High Rise Second Quarter 2016 Q2 16 WHICH BUILDING DEMANDS THE HIGHEST?
WHICH BUILDING DEMANDS THE MOST?
$ - By Average Sale Price Per Square Foot Mandarin Oriental
$ - Based on Units Sold in Q2 Park Towers
Veer Towers
The Martin
One Queensridge Place
Turnberry Towers
$966 $900
9M
$800
8M
$700
7M
$6,500,000
$564
$600
6M
$546
$500
5M
$361
$400
$335
$300 $200 $950,000
3M
$2,400,000
$2,000,000
$100
4M
$321
2M
$619,000
$385,000
1M
Average sale price per SQFT and the highest unit price is comprised of all units sold between 4/1/16–6/30/16.
Sold Units Unit #
List Price
Sale Price
SP/SqFt
DOM
Closing Date
SqFt
Bed
Bath
High Rise Tower
4503
$6,500,000
$6,500,000
$1,633
0
6/30/16
3,980
2
3
Mandarin Oriental
3404
$2,150,000
$2,000,000
$780
258
5/23/16
2,563
2
3
Mandarin Oriental
2806
$1,700,000
$1,600,000
$955
51
5/18/16
1,675
1
2
Mandarin Oriental
2606
$1,474,888
$1,400,000
$836
97
4/22/16
1,675
1
2
Mandarin Oriental
1401
$2,995,000
$2,400,000
$683
235
5/19/16
3,515
2
3
Park Towers
1501
$2,250,000
$1,650,000
$469
0
4/15/16
3,515
2
3
Park Towers
1002 - D
$1,995,000
$1,900,000
$541
161
6/15/16
3,515
2
4
Park Towers
3602W
$2,995,000
$2,000,000
$601
76
4/20/16
3,328
3
4
Veer Towers
2701W
$1,425,000
$1,425,000
$681
125
4/7/16
2,093
3
3
Veer Towers
2606E
$1,320,000
$1,200,000
$727
21
6/8/16
1,651
2
2
Veer Towers
3106W
$1,050,000
$1,000,000
$559
18
6/30/16
1,788
2
2
Veer Towers
Data are comprised of $1M+ resale units between 4/1/16–6/30/16.
A Luxury Estates International Transaction
47
SNAPSHOTS Kamran Zand, Svetlana Bulatova, Elena Bulatova, and Ellie Shefler pose for the camera at the Elena Bulatova Fine Art Event held at The Shops at Crystals, June 2, 2016. The event presented the contemporary art of world-famous Elena Bulatova, the unique “Screw Art” of Efraim Mashiah, and the many other paintings and sculptures of other respected artists. “Elena Bulatova is well recognized around the world for her mixedmedia paintings, and large-scale installations. I am so honored to have both Elena’s and Efraim’s artwork hanging at the Luxury Estates International headquarters,” Zand said.
Kamran Zand and Nattaly Aleman share in the excitement with Bill Foley, Las Vegas’ very own NHL franchise majority owner, at a private event held last month in honor of his recent accomplishments. It has been over 16 years since the NHL expanded, and now Las Vegas will make history by leading the newest team for the 2017–18 season. “What this means for the city will for sure bring many different headlines; most importantly it will bring our community together,” Zand said.
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Headlining Real Estate Millions, Kamran Zand along with Steve Jones of Merlin Contracting, and design consultant Linda Tatum of L2 Luxurious Lifestyles Consultants enjoyed a moment of accomplishment with the creation and sell of a true masterpiece.
Las Vegas Review-Journal
Sunday, July 17, 2016 • Page 3G
a
Millions Real Estate
RJrealestatemillions.vegas MARKET UPDATE
HOME TOUR
Luxury high-rise market on the move Sky Las Vegas places 64 renovated units on the market By HOLLY IVY DEVORE
A
COURTESY OF LUXURY ESTATES INTERNATIONAL
In the main living room is a bright red Pramberger Legacy Series player piano placed on a platform that can be controlled by iPad and provide choices of playing solo or accompanying programmed vocals or other instruments.
The process of selling and marketing luxury real estate is unequivocally in a class of its own. Kamran Zand, Broker/ Founder, and Leah Vigil, Marketing Director of Luxury Estates International, work closely with Luxury Homes Photography to not only capture a property’s unique artistic expression, known as the “money shot,” but the story of a lifestyle – a lifestyle often described as opulent and unrivaled.
Former Kerkorian-owned penthouse sells for $6.5 million Unit sets record at $1,633 per square foot By HOLLY IVY DEVORE
W
REAL ESTATE MILLIONS
hile walking through the ornate doors of a 45th-floor penthouse that ultimately would fetch the highest price per square foot at The Residences at Mandarin Oriental last month, a cherry red piano stood out amidst the home’s crisp white backdrop. Outside the windows, a helicopter flew by at what seemed to be the windows’ level, giving perspective as to just how high the elevators had traveled to reach this penthouse. Kamran Zand of Luxury Estates International had invited Real Estate Millions to visit while finishing touches were being made to what appeared to already be luxury-magazine quality, quipping that, when sold, Unit No. 4503 would “crush” the 47-story luxury hotel-condo’s previous $1,200-plus per square foot sales high in 2015. He was right. The 3,980-squarefoot, two-bedroom, two-bath unit sold for $6.5 million – an astounding $1,633 per square foot – on July 5. “This is one of the largest penthouses for sale at the Mandarin Oriental. It is truly one of
ASCAYA
COURTESY OF LUXURY ESTATES INTERNATIONAL
In the fully furnished main living room, bursts of red were incorporated in the design.
a kind with its 270-degree views of the city, it’s new and beautiful. It’s a trophy property,” Zand said. The residence had a “claim to fame” as well. It once had been owned by renowned businessman and developer Kirk Kerkorian, whose many projects included CityCenter, home to the Mandarin Oriental. It was what happened after Kerkorian’s 2015 death that led to the top (as of today) sales mark: An extensive renovation that removed the high-end builder-quality finishes and replaced them with even higher-end finishes. Artistic elements were blended into the glamorous design. “After my clients purchased it, they decided to redesign the penthouse. Basically, they went
Where dreams live.
down to the studs and rebuilt it. The white floors, walls and furniture create a sleek backdrop, and the buyer can personalize the space by bringing in accent pieces and artwork,” said Zand, who quickly credited Steve Jones of Merlin Contracting and design consultant Linda Tatum of L2 Luxurious Lifestyle Consultants for their efforts. In the fully furnished main living room, bursts of red were incorporated in the design. Most notable was a bright red Pramberger Legacy Series player piano placed on a platform that can be controlled by iPad and provide choices of playing solo or accompanying programmed vocals ▶ See MANDARIN, Page 4G
REAL ESTATE MILLIONS
fter the Great Recession, Las Vegas high-rises were hard hit. But eight years after the crash, notable things are happening in Las Vegas’ niche high-rise market. Prices have climbed with an eyebrow-raising $1,633-per-squarefoot sale, move-up buyers and renovations. There are projections that demand for Strip high-rise homes may increase with the opening of T-Mobile Arena, the announcement of an NHL expansion franchise and talks could that lead to an NFL team in Las Vegas. Plus, unique opportunities exist to purchase top-level penthouses, gray shell penthouses, and even “a bulk” package of condos. “Our high-rise market has gone through a roller-coaster ride where sales and prices go over a bump, level out and then go over another bump. The market is continuously on the move,” said Shari Sanderson of Award Realty. “What has been happening in the high-rise market is consistent with other segments of Las Vegas’ real estate market in that it has been steadily rising. This leads to specific high-rise developments having smaller and smaller amounts of inventory for buyers.” Sanderson and her business partner, Michelle Manley, who have been involved in hundreds of highrise sales, including 160 at Mandarin Oriental, view this niche market in segments based on physical location — the Strip; downtown; “midtown” between the Strip and downtown (where Juhl, Newport Lofts and Soho Lofts are located); and offStrip – with each going through its own cycle of price highs and sales. “High-rises in the downtown cost less than those along the Strip, and some off the Strip are mid-priced while others off the Strip like Park Towers and One Queensridge provide luxury multimilliondollar homes,” Sanderson said. “It seems like the window is closing on certain price points in specific developments, and I feel that this will be escalating.” RAISING THE SALES BAR Raising eyebrows is a July 5 sale of a penthouse at The Residences at Mandarin Oriental for $6.5 million or $1,633 per square foot. This
▶ See PENTHOUSE, Page 4G
COURTESY OF LUXURY REAL ESTATE LOUNGE
Sky Las Vegas has placed renovated units on the market this summer.
In this breathtaking expanse of homesites, beauty and inspiration forge an aesthetic that’s rare in this world. With astounding topography and uncompromising views. It’s a new standard for custom homesites. For a private tour, contact a Personal Sales Concierge today.
702 978 5800 I ASCAYA.COM
The Luxury Estates International team and friends enjoyed a company outing at Las Vegas’ very own Topgolf, the premier golf entertainment complex new to the city nightlife scene. On this night, the competition for the best golf swing met with the ugly truth... that everyone agreed to stick to their day jobs! However, there were some nice shots on target and over the net by the end of the night!
49
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50
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DREAM WORK.”
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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.