A city synonymous with bright lights, world-class casinos, hotels and entertainment, Las Vegas has always been the place to enjoy the holiday of a lifetime. But beyond the neon lights, Nevada city is also one of the best places to live in the country, attracting home buyers from different states across the US.
A metropolis with 2.8 million residents, Vegas is seeing burgeoning growth in luxury real estate. Homebuyers looking for Las Vegas luxury homes reached record- breaking levels in 2021 and projections suggest that this trend will continue well into the future.
Overview of the Las Vegas luxury real estate market
With world famous attractions and entertainment, dramatic desert views, and 300 days of sunshine, Las Vegas has emerged as a real estate haven of luxury homes. Offering a wealth of luxury home listings ; buyers can take their pick from enormous estates, grand penthouses, palatial mansions, sophisticated apartments and gated golf estates.
The influx of affluent homeowners from other states moving to Vegas as well as homebuyers looking for second or vacation homes have driven the boom in the Las Vegas luxury home market. Homebuyers are also looking to buy luxury residences as a form of investment.
Factors that make Las Vegas more affordable than other luxury markets
Las Vegas carries a premier address for their luxury homes. But while the famed Nevada city glitters with upscale lifestyle, buying a luxury home in Las Vegas is reasonably affordable. Compared with other neighboring states, Vegas offers price-friendly luxury residential properties. Here are the factors that make the metropolis more affordable than other luxury real estate markets in the country.
○ Favorable taxation
One of the biggest perks of acquiring a luxury residential property in Vegas, are the tax benefits. With revenues from gaming, entertainment and tourism bolstering the state’s income, Nevada is able to impose one of lowest property taxes in the country. Compared to the US average of 1.08%, the property tax in Vegas stands at only 0.69%. Nevada’s property tax abatement law protects homeowners from steep property taxes. It limits the annual property tax bill increases to a maximum of 3%.
Despite being a high-end vacation spot, acquiring a luxury home in Las Vegas comes with a relatively low cost of living. Residents enjoy a tax-friendly city with no local income tax and no tax on food or medicine items.
○ Generally lower home prices compared to other luxury communities
Las Vegas is the place where luxury meets affordability. Homeowners from other US states such as California are moving to Vegas because of better buying conditions for homes. The median home price in Las Vegas is $450,000 compared to California’s $834,000. In New York, the median listing price per square foot is $805, compared with $226 in Las Vegas. With the average price per square foot much lower in Vegas than in other major cities, you get much more value for your dollar.
Search the listing of Las Vegas luxury homes here.
○ Diverse communities and property types
The city in Nevada attracts homebuyers for its diverse neighborhoods and carefully-planned communities.
Spring Valley is rated as one of the best suburbs to live in Nevada. The family-friendly community has plenty of activities for families, outdoor attractions, malls, bars and restaurants. Luxury real estate listings in Spring Valley vary from single family residence and large estate properties, and accented by spectacular mountain views. Luxury apartments are also popular , providing the comforts of a resort-style community.
Summerlin delivers first class amenities including 250 parks, resident-exclusive clubhouse, 150-miles of interconnected trails, 10 golf courses, performing arts center, multi-fitness center and nationally-recognized schools. Downtown Summerlin is the urban center for dining, fashion, entertainment, Red Rock Resort, and the famous Las Vegas Ballpark.
Founded by billionaire Howard Hughes, Summerlin is one of the highest-ranking master-planned communities in Vegas. With the Red Rock Canyon providing awe-inspiring views, Summerlin offers 20 unique neighborhoods with grand mansions, custom residences, vast estates, upscale apartments and townhomes.
Inquire about listings of luxury homes in Summerlin here
Henderson is known for first-rate master-planned communities combining relaxed suburban sensitivity with big city excitement. Just 20 minutes away from The Strip, it’s close to national attractions such as the Hoover Dam, Sloan Canyon National Conservation Area and Lake Mead.
The second largest city in Nevada, Henderson is among the most family-friendly area with a multitude of parks and is one of the Greenest Cities in Nevada. It is also ranked as the second safest city in the country by Forbes.
Luxury real estate offerings in Henderson include high-end single family homes, exclusive gated estates, and custom homes, with gorgeous views. Features and amenities spell opulence with six beds and baths, private spa and sauna, state of the art fitness center, chef’s kitchens, wine cellars, glass elevators, infinity pools , car lift, and seven or more climate controlled garages.
Talk to a top Realtor in Henderson here.
New luxury developments added to the inventory
Ascaya, Henderson NV
At 3,000+ feet sitting in the McCullough Mountain range, Ascaya has a panoramic view of the Valley and offers homesites that are designed to capture amazing vistas while providing the highest levels of privacy.
Superior amenities include a 23,000 -foot clubhouse with zero-edge swimming pool, chef’s catering kitchen, fitness center and tennis pavilion. Soon to open is a family park with a play area for kids, splash pad, picnic areas, dog park and climbing structures.
Browse prime properties in Ascaya here.
Dragon Rock, MacDonald Highlands, Henderson, NV
A private, gated community within the affluent MacDonald Highlands, in the foothills of Black Mountain. The luxury development is envisioned to have a flexible floor plan that magnifies the stunning desert vistas and heightens the privacy of the homeowners.
Find out more about MacDonald Highlands here.
Mesa Ridge by Toll Brothers, Summerlin
A staff-gated community, Mesa Ridge by Toll Brothers has three collections of uniquely stylish homes ranging from 3,200- 5,000 square feet. The sleek community is situated on the Spring Mountain ridgeline offering a radiant backdrop, luxurious retreat, and contemporary lifestyle.
Regency at Summerlin® by Toll Brothers
Designed for a luxurious and active adult lifestyle, the guard-gated neighborhood has 425 single-story homes measuring from 1,600 to 2,400 square feet.
Active adults can enjoy a fun and relaxing lifestyle in the community with 2,000 -square-foot amenity center, indoor lap pool, outdoor resort-style pool, and 150 miles of bike and walking paths.
Upscale communities in Las Vegas & Henderson
Las Vegas is the pinnacle for upscale master-planned communities, offering huge estates with modern interiors and architectural designs, stunning views, and exceptional privacy.
○ MacDonald Highlands
A series of affluent neighborhoods, MacDonald Highlands in Henderson, NV presents the perfect combination of stylish living and magnificent views of Vegas skyline.
Situated in the foothills of McCullough Mountains and expansive at 1,200 acres, MacDonald Highlands features a bounty of parks, miles of walking, jogging, and biking trails. You can be at ease living in the upscale neighborhood as MacDonald Highlands is one of the most exclusive guard-gated communities in Las Vegas.
One of the main attractions of the premier community is Dragon Ridge’s world-renowned 18-hole golf course. Recognized as one of the Best Private Golf Courses by Las Vegas Review-Journal, the Dragon Ridge Golf Course is one of the main reasons discerning buyers choose MacDonald Highlands.
The Dragon Ridge Country Club provides residents easy access to first-rate amenities such as the fitness center, swimming pool, tennis courts and a pro shop.
Luxury homes in MacDonald Highlands
You can choose from an expansive estate on the hillside or a custom home near the golf course. Listings include high-end single family homes with more than five beds and baths. Expect top end amenities like walk-in closets, wine cellars, spa bathroom, chef’s kitchen, gym,infinity pool, and golf cart garages.
View properties in MacDonalds Highlands here.
○ The Ridges
Touted as the crown jewel of Summerlin, The Ridges provides the finest in luxury living. Situated against the impressive Red Rock Canyon National Conservation Area, the 800-acre gated- community is opulent and secluded.
Sitting at the highest elevation of Summerlin, The Ridges boasts not only lavish luxury homes and world class amenities; but it brings with it the glorious vistas of the Las Vegas Valley.
Recognized as one of the most exclusive in the US, the centerpiece of the community is the award-winning Bear’s Best Golf. Designed by Jack Nicklaus, the meticulously groomed 18-hole course is the sight to behold.
Luxury homes in The Ridges
The Ridges offers the best of luxury homes from custom-built to multi-million dollar mansions with modern architectural styles and well-appointed amenities. Home sites are typically 4,000 to 10,000 square feet meaning you’ll have more than enough room for any type of lifestyle you want.
Browse the prime properties in The Ridges here.
○ Tournament Hills
One of the original guard- gated custom home communities that began in the early 1990’s, Tournament Hills set the bar for luxury real estate.
The renowned top-tier golf community was created with prestige in mind. Home of The Tournament Players Club (TPC) where TigerWoods won his first PGA Tour, Tournament Hills exemplifies refined living.
Luxury homes in Tournament Hills
Luxury homes in Tournament Hills are in demand as they are built around the world class golf course, the Tournament Players Club. The guard-gated community features exclusive custom-built million dollar homes and elegant estates. Spectacular views of the golf course, the Mountains and even the Strip add value and beauty to the luxury homes.
Ask an experienced Realtor about Tournament Hills here.
○ Anthem Country Club
Anthem Country Club resonates with “Living Life on a Grand Scale.” Offering a grand synergy of luxury living, the 1000 -plus acres gate guarded is a landmark in the country club community.
You’ll be greeted with waterfalls at the entrance and be charmed by the resort ambience. Pine tree dotted landscapes, grass lined walkways and the lush grass of the golf course make it one of the most stunning golf communities in the Valley.
Rich recreational amenities include a golf course designed by Hale Irwin, of course there’s a top tier clubhouse. When you’re not on the lawn, you can enjoy a game of tennis, lounge by the swimming pool or work out in the fitness center, which holds state of the art equipment.
Luxury homes in Anthem Country Club
Located 15 minutes away from the Las Vegas Strip, and nestled at the base of the Black Mountains of Henderson, Anthem Country Club is more than picturesque. The guard-gated golf community features a selection of elite homes from customized grand villas to million dollar estates of varying sizes and beautiful styles. Square footage of homes are around 1,400 square feet to over 14,700 square feet, with great views of desert terrain, and the oasis of a golf course.
○ Country Club Hills
The quiet master-planned community is nestled around the secluded beauty of TPC Summerlin Golf Course. The luxury guard-gated community is within walking distance of The Trails Village Center and close to a number of Downtown Summerlin amenities.
Explore seven acres of recreation at The Hills Park outside the northeast access, offering movies at dusk, ample central picnic pavilion, children’s play area, open lawn amphitheater, tennis and volleyball court. Cultural hotspots like the Nevada Ballet Theater and Summerlin Library are nearby.
Luxury homes in Country Club Hills
At Country Club Hills, you will find semi-custom residences built by renowned home builder Christopher Homes. The luxury homes are surrounded by the Tournament Players Club Summerlin, astonishing views of the mountains and The Strip. Floor plans are extensive ranging from 3,000 to 5,000 square feet.
Within the gated-community are the seven- custom homes called “The Enclave” These ultra luxurious homes range from 13,000 to over 18,000 square feet.
The exclusive community is home of some of the biggest names in the casino industry.
○ The Summit Club
The private residential lifestyle club community is considered as Las Vegas ‘s elite neighborhood. Set against the spectacular Red Rock Mountain Ranges, the 555-acre community is pristine and luxurious.
Summit Club has an 18-hole championship golf course designed byTom Fazio. You can hike and bike at the Red Rock Canyon or savor the farm-to-table offerings of its tasteful restaurants.
Top amenities include a spa, a fitness center, kids center, indoor basketball court and various outdoor pursuits programs. Services such as laundry, baby-sitting and bill management are provided.
Luxury homes in The Summit Club
The refined residences in Summit Club are some of the most sought after in Las Vegas. Its collection of bespoke homes range from full-custom luxury homes, golf cottages, bungalows and Club villas.
If you love entertaining family and friends, a Desert Bungalow is perfect for your lifestyle. Golf Cottages bring an indoor and outdoor experience while Club Villas boast spacious beds and baths, ideal for multi-generational living.
Choose Rebecca Mckenna as your trusted Realtor
A Realtor with expertise in high-end real estate is a vital partner in navigating a competitive buying market. Hiring a trusted Realtor gives you access to exclusive listings, and market insights to the neighborhood that suits your lifestyle. They’ll guide you to getting the right luxury home while keeping you within budget.
Work with one of the top Realtors in the luxury real estate, Rebecca McKenna-Inman of RE/MAX Advantage. With decades of experience, her expertise has helped homebuyers make the right choices in finding their dream homes in the Las Vegas area. She provides clients with a seamless home buying experience, and builds a personalized connection that goes beyond real estate transactions.
Here’s what some clients have said about Rebecca:
“Rebecca was great in helping my wife and I purchase a home and move to Henderson! She went above what a normal realtor would do for you.” – Dean
“Rebecca has been a pleasure to work with. Her knowledge of the business along with her fantastic personality is by far the best ever. She was there for me through the entire process. Being a first time home buyer she made me feel very comfortable and confident in every decision made during the process. She gets to know her clients and what their wants and needs are and goes above and beyond to achieve them. I would highly recommend her services to all my family and friends. She’s the best!!! ” – Kim