Why this Home Sold for More than Double

It’s no secret that downtown Las Vegas has entered a new era. Beyond the iconic Freemont Street experience, locals are flocking to the trendy bars, health-inspired restaurants and the many themed attractions that are popping up regularly. The downtown transformation from shabby to chic has also influenced the popularity of surrounding neighborhoods. What once were old and outdated, are now in high demand and seeing incredible renovations. Rancho Nevada Estates, approximately 3.5 miles up the road, is a great example!

Developed in the early 1970’s, Rancho NV Estates includes 148 custom mid-century homes.  Ranging from 2,000 to more 6,000 square feet, many of these homes have seen facelifts over the past 5-10 years. The central location is a pivotal draw for the neighborhood, as well as the unique retro architecture.
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Shapiro & Sher Group’s recent sale on 3020 Campbell has now elevated this community to a whole new level. 3020 Campbell sold for a record-breaking $1.85M! More than double any other sale in Rancho NV Estates in the last 8 years. What makes this home so special? Unbelievable interior design. And location, of course. This gorgeous, Santa Barbara-inspired home received a remodel that went all the way down to the studs.  From there the 4,464-square foot property transformed into one of the prettiest homes on the market, blending its vintage charm with luxurious contemporary upgrades. Vaulted wood-planked ceilings, crisp Carrara marble, and multiple sets of French doors are a few features that excite the imagination about the style of this home. Many older homes like this one also sit on larger than average lots. With over half an acre, 3020 Campbell offers incredible outdoor spaces surrounded by dense, mature landscape. Plus, a detached casita, which has become a must-have in the luxury market.
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Surrounding historic neighborhoods such as Rancho Bel Air and Scotch 80’s, have also seen a similar uprising trend. Renovations combined with an increased desire to be near the action of Downtown Las Vegas is notably reviving these communities. It is no surprise a property like Campbell broke through the ceiling and as more homes like it hit the market, these neighborhoods will continue to set new records in the coming years.

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All stats used in this post were obtained from GLVAR.