Las Vegas Real Estate News

Newton's former home, Casa de Shenandoah, can be yours — for $70 million

This is an aerial view of Wayne Newton's Casa de Shenandoah estate Monday, May 21, 2012.

Ever wanted to buy Wayne Newton’s former home, the famed Casa de Shenandoah? You now have a chance — though it’s just a bit pricey.

10 September 2013

By Eli Segall

Bigwig real estate investors starting to pull out of Las Vegas as home prices rise

A house is seen listed for rent Tuesday, Sept. 10, 2013.

When Las Vegas’ housing market crashed, wealthy investors pounced on the downturn and started buying cheap homes in bulk to turn into rentals. But the very recovery they sparked now is scaring them off. Prices have climbed so high that some Wall Street heavyweights are looking elsewhere for better real estate deals. For some firms, the days of buying as many houses as possible in Las Vegas are waning.

10 September 2013

By Eli Segall

In a stagnant economy, real estate agents turn back to the basics

RE/MAX Extreme agent Tim Kelly Kiernan specializes in short sales. Selling bank-owned homes kept him afloat during the recession.

During the fat, happy years of Las Vegas real estate, almost anyone could become a real estate agent and do well — strippers, blackjack dealers, busboys, you name it. Deals were so plentiful and easy to land, little expertise was required. Not anymore.

9 September 2013

By Eli Segall

Las Vegas lawyer sentenced to 7 years in mortgage fraud scheme

Las Vegas lawyer Gerry Zobrist, who pleaded guilty in January to his involvement in a mortgage fraud scheme that cost lenders $30 million, has been sentenced to more than 7 years in prison, Nevada’s U.S. Attorney Daniel G. Bodgen announced today.

5 September 2013

By Ana Ley

North Las Vegas blocks controversial plan to refinance mortgages

The front door of a vacant home is shown in North Las Vegas, April 2, 2013.

The North Las Vegas City Council has rejected a controversial proposal to use eminent domain to help refinance underwater mortgages and instead will wait for the state to weigh in on the legality of the plan.

4 September 2013

By Conor Shine

House boasts 'healthier, cleaner, quieter, cheaper, safer' living — 26 feet underground

Built in the 1970s, this underground home at 3970 Spencer St. can house a family for up to one year without them having to resurface.

At a sprawling home for sale near Flamingo Road, you can golf, barbecue, swim, relax in a hot tub, dance under a starry sky and make breakfast while gazing at the mountains. All while 26 feet underground. The two-bedroom, three-bathroom house at 3970 Spencer St. might be the most peculiar in Las Vegas. It is buried 26 feet underground, underneath a typical suburban two-story house. A few miles east of the Strip, it was built in the 1970s to give people a place to safely retreat if the Soviets wiped out humanity with a nuclear missile strike.

3 September 2013

By Eli Segall

Crash and learn: The dramatic drop of land values on the Strip

The 34.6-acre site of the New Frontier sold for $1.2 billion in 2007.

A decade ago, when business was booming in Las Vegas and tourists flooded the Strip with cash, developers seemed destined to pull in record profits with each new multibillion-dollar project they announced. America’s zeal for spending and fun, coupled with consumers’ disposable income, fortified builders’ confidence. Many inked absurd deals to gain a foothold in Las Vegas’ real estate market. Some paid as much as $34 million for a single acre of land.

2 September 2013

By Ed Komenda

Joe Downtown: Housing available for Zappos workers remains scarce

Renderings of living space downtown by designers working on apartment concepts for Downtown Projects.

Zappos’ new headquarters in old Las Vegas City Hall will open in a few weeks, welcoming 1,500 employees to a renovated building and introducing many of them to downtown. But few Zappos workers appear to be looking for homes downtown.

30 August 2013

By Joe Schoenmann

California buyers scooping up 'cheap' Strip condos

Veer Towers, left, and the Mandarin Oriental are seen at CityCenter.

After several dismal years brought on by the recession, sales and prices at luxury high-rises on or near the Strip are rising. The market, while far from booming, is rebounding thanks to drastically lower prices and an improved economy.

30 August 2013

By Eli Segall

See where Las Vegas' new homes are being built

Las Vegas Strip casinos are seen in the background as earth movers prepare the desert for new homes at the Mountain's Edge master planned community in the southwest west part of the Las Vegas Valley April 1, 2013.

You may have noticed an old, familiar sight around the Las Vegas Valley these days: hammers and hard hats. Southern Nevada homebuilders, who suffered huge job losses in recent years, have been ramping up work. Sales and prices are soaring as builders pull more permits for future projects.

29 August 2013

By Eli Segall

About half of Las Vegas homeowners are still underwater

Houses sprawl across the Las Vegas Valley. When the housing bubble burst in 2007, Las Vegas became the No. 1 area in foreclosures nationwide.

Despite improvements in the housing market, Las Vegas remains well underwater. Some 48.4 percent of valley homeowners with mortgages were underwater in the quarter ending June 30.

28 August 2013

By Eli Segall

Liberace fan buys late musician's Las Vegas mansion

A view of Liberace's former home at 4982 Shirley St., Las Vegas, Monday, June 24, 2013.

Liberace’s opulent former mansion has been sold for $500,000 to a man who is said to be a lifelong fan of the late pianist.

28 August 2013

By Eli Segall

Travel website for college students moves headquarters to Las Vegas

A San Francisco Bay area startup that runs a travel website geared toward college students has moved to Southern Nevada.

28 August 2013

By Eli Segall

3 Las Vegas planned communities among top in nation for home sales

A view of the master-planned community Mountain's Edge in the southwest Las Vegas Valley on Friday, Aug. 6, 2010.

A trio of Las Vegas master-planned communities are again some of the top-selling nationwide this year. Leading the way locally is the 3,500-acre Mountain’s Edge development in the southwest valley.

22 August 2013

By Eli Segall

For $10 million, you could own an abandoned downtown courthouse

This is the hallway leading to court rooms in the old county court house Thursday, Aug. 22, 2013.

The half-century-old Clark County courthouse located in downtown Las Vegas, a seven-story house of justice that has been abandoned for eight years, is the definition of a fixer-upper. The courthouse is in such poor shape that a recent appraisal said the land was more valuable without the building.