Some of the world’s most contemporary estates are being constructed in Las Vegas, nestled into wide-open desert spaces with panoramic views of Red Rock National Mountains and The Strip.
Angela Tina, luxury home specialist at Urban Nest Realty, discusses the architectural trends of the contemporary design found in Las Vegas, and why these trends and homes are now considered masterpiece collections for buyers and investors.
“It’s important to understand the roots of Las Vegas real estate that have lead to this new trend we are experiencing,” comments Tina. “Las Vegas was established as a gaming and entertainment destination, and the first housing was built for workers and staff of the casinos and supporting businesses. Next came the condominiums for visitors who wanted a residence on The Strip.”
Historically, many large California tract builders purchased parcels to build homes that were affordable for these workers, and some began to develop higher-end communities – Summerlin for example – for the executives. The perception of “Las Vegas tract homes” still exists with many Californians who have only visited The Strip and surrounding areas.
The Vegas of Today
According to industry reports, the influx of high-end California buyers into Las Vegas continues to increase due to several key factors.
The many affluent Baby Boomers are cashing out of their highly-inflated homes in Los Angeles and the Bay Area due to foreign buyers who drive up prices and the expanding technology industries. These buyers are moving out of state because of the immense financial benefits. Las Vegas is the natural choice because there are no state income taxes and high-end luxury homes per square foot are approximately 50% less than those in California.
“Sophisticated California luxury estate buyers don’t want to buy tract homes. They want to design and build a custom dream contemporary estate with large spacious living spaces, private guard- gated exclusive golf clubs with spectacular views, and indoor/outdoor living for visiting family and guests,” states Tina. “When compared to Palm Springs, Las Vegas holds the upper-hand in entertainment, dining, golf, shopping and a significant financial edge.”
The contemporary custom estates of Las Vegas provide today’s California buyer every reason to make the move and invest in the new desert oasis. To learn more about luxury living in Las Vegas, contact Angela Tina at (702) 524-9718.
The level of integrated design-and-build services that Blue Heron offers is unparalleled. From the architect to interior designer, general contractor, landscape and pool designer, Blue Heron’s full range of services will make sure you get an exquisite home. For more information call (702) 531-3000 or visit www.blueheron.com.