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One year after this photo was taken,
this native desert site was covered with
businesses and new homes in The
Vistas Village of Summerlin.
The Vistas are close to the mountains of the Red
Rock National Recreation Area and much cooler
than other parts of the Las Vegas Valley. |
The Real Las Vegas Dirt
Here's the low-down on
vacant land and small lots in Las Vegas.
About 90% of the state of
Nevada is owned by the federal government. When
you gaze around Las Vegas and see seemingly endless
miles of vacant land, what you're looking at is land
owned by one federal agency or the other. The
Bureau of Land Management (BLM) is the largest
landholder here and their holdings virtually encircle
the Las Vegas Valley. The Air Force, however, owns a big
chunk of property at and surrounding Nellis Air Force
Base in the northeastern and northern part of the
Valley. And the National Park Service owns another
huge swath of land.
Land that is privately
held and available for development into home sites and
commercial areas is actually limited and has been at a
premium. The BLM began to auction of land in the
Valley in November 2002. At that time the average
price per acre was about $160,000. In June 2003,
the average price per acre was over $230,000. And
at each subsequent auction prices continued to
rise--until the collapse of the real estate market in
Las Vegas in 2008.
Since the real available land
for development has historically been scarce, builders have traditionally
divided up their communities into quite small lots.
A third-acre or half-acre lot is considered "large" in
Las Vegas. Most lots are smaller. And if you're
having to landscape and maintain a third or a half acre
here with rocky desert soil and summertime desert heat,
you'll realize that "smaller is better" -- if only
because it reduces the water bill. And who wants to mow
a half-acre of grass when the temperature is 105
degrees!
Visit
these villages in Summerlin:
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