This is an amazing sell in the Summerlin Village of The Ridges. On October 3, 2008 a luxury home in the neighborhood of Promontory closed escrow for 11.5 million dollrs. In these economic times that is amazing. It is also the record setting sell for 2008 in Las Vegas. More amazing? It was an all cash transaction.
According to Larry Murphy CEO of Sales Traq a real estate research firm, “Summerlin set the standard for master-planned communities, not just here in Southern Nevada, but all across the United States.” He goes on to say, ” it only stands to reason that Summerlin’s most luxurious village, The Ridges is equally revered and desired. The records speak for themselves.”
The Ridges which is adjacent to Red Rock Canyon National Conservation Area. It has some of the most dramatic natural topography in Las Vegas. With its natual elevation there are awesome views of the Las Vegas Valley including the Las Vegas Strip.
The Ridges is nearly 800 acres, guard gated, and is home to some of the most prestigious homes in Las Vegas. Including one of the first Bear’s best golf courses designed by Jack Nicklas. To date, more than 250 custom lots have been sold in The Ridges at Summerlin named by Forbes.com as the countries 3rd most exclusive gated community.
Custom lots in The Ridges are priced from $500,000 to more than $1million. Lot sizes are from 1/4 to one acre with a limited number number of larger
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