Real Estate Appraisals in Lake Las Vegas, NV

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ABOUT LAKE LAS VEGAS...

Lake Las Vegas is a picturesque, master-planned resort-style community located in Henderson, Nevada, about 20 miles southeast of the Las Vegas Strip. Centered around a 320-acre man-made lake, this neighborhood offers a serene, resort-like atmosphere, making it a sought-after destination for both residents and vacation homeowners.

Geographic Information:

Situated in the southeastern Las Vegas Valley, Lake Las Vegas is nestled among the foothills of the McCullough Mountains. It enjoys a slightly cooler climate than the Las Vegas Strip due to its elevation and proximity to the lake. The community is conveniently located near Henderson’s commercial hubs, providing access to shopping, healthcare, and entertainment.

History & Development:

Lake Las Vegas has faced significant challenges since its inception. The Great Recession led to the bankruptcy of the original developer in 2008, with over $700 million in debt. This resulted in foreclosures, stalled projects, and the closure of businesses, including the Ritz-Carlton Hotel. Property values declined, and the community struggled to maintain its luxury appeal. After bankruptcy, new investors, including Paulson & Co., acquired and revitalized the area. Changes included reopening resorts, restarting housing projects, and focusing on waterfront recreation.

Initially designed as an exclusive, high-end resort community, Lake Las Vegas has evolved into a more sustainable residential area. Instead of catering solely to luxury vacationers, it now attracts full-time residents, retirees, and professionals. The focus has shifted from a self-contained luxury hub to a diverse, year-round community with modern home options and revitalized amenities. While still an upscale neighborhood, Lake Las Vegas has adapted to ensure long-term growth and stability.

Property Types:

Lake Las Vegas offers a mix of single-family homes, custom estates, townhomes, condominiums, and waterfront villas. Many properties provide scenic views of the lake, golf courses, or surrounding mountains. The community is known for its luxury real estate, with high-end developments featuring modern architecture, private docks, and exclusive amenities.

Sub-Neighborhoods & Sections:

Lake Las Vegas is composed of several distinct residential enclaves, including:

• SouthShore – A prestigious, gated community with custom-built luxury estates and private golf course access.

• V– A collection of Mediterranean-style townhomes, some offering lake and mountain views.

• The Outlook – A newer development featuring modern single-family homes.

• Monte Lucca – A gated community with contemporary designs and high-end finishes.

• The Village – A lively area with condos, retail shops, dining, and entertainment options.

Cultural Centers & Amenities:

Lake Las Vegas is home to various resorts, golf courses, and recreational activities, including:

• The Village at Lake Las Vegas – A waterfront district with shops, restaurants, and seasonal events.

• Reflection Bay Golf Club – A championship Jack Nicklaus-designed golf course with stunning lakefront fairways.

• SouthShore Country Club – A private golf course with world-class facilities.

• Hilton Lake Las Vegas Resort & Spa – A luxury resort offering fine dining, spa services, and waterfront relaxation.

• Water Sports & Outdoor Activities – Residents can enjoy kayaking, paddleboarding, and boating on the lake.

• The "Italian Bridge" at Lake Las Vegas is inspired by Florence's renowned Ponte Vecchio