Highest Sale Since 2016

The latest ultra-lux property to close escrow is the now highest priced sale in Greater Las Vegas since 2016! The prize-worthy estate located in Southern Highlands was listed for $8,050,000 and has just sold for $7,200,000. After multiple attempts to sell since 2009, the Shapiro & Sher Group was successful at getting the job done.

The highest residential sale price in 2017 for Southern Nevada was $6,500,000 for an almost 17,000 square foot home in Queensridge, a west Las Vegas community next to Summerlin.

According to the MLS, in 2017 there were 3x as many home sales over $5,000,000 including 8 single family homes and 1 high-rise condominium, as compared to 2016 with only 3 single family homes and 3 high-rise condos.

Industry experts agreed there was an increased motivation to purchase before 2018 to deflect potential tax losses. That in addition to the hot market and increasing sales prices, could explain the jump.

As the highest sale in Southern Highlands since 2009, 27 Eagles Landing is an exceptional mansion with all the bells and whistles.

The home offers over 13,000 square feet of living space, including 6 beds, 8 baths, 10 car garage, gym, theater, multiple bars & lounge areas, billiards room, separate master wing, huge terraces, and a true resort backyard.

Its signature custom finishes and grand-scale layout are impressive, to say the least. Like many Southern Highlands’ homes, dense foliage and wide fairways create lots of privacy and lush views. This property also includes state-of-the-art security and smart home technology, as you would expect for a home like this.

With 45 properties currently for sale over the price of $5 million and half of those over $7 million, a sale success such as this is noteworthy for the luxury community. Congrats to my team for a job well done!

Copyright Jimmy Foster. Market Statistics from GLVAR. Photo & Video Credit Shapiro & Sher Group

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