In May of 2005, the City of Las Vegas celebrated its 100th birthday. With festivities led by the world’s happiest Mayor Oscar Goodman, Las Vegas stepped foot into its second century. While many think of the Las Vegas Strip as being “Las Vegas”, in reality, the Strip is located in un-incorporated Las Vegas. The City of Las Vegas starts North of Sahara. And, as the Strip became the main tourist attraction, the downtown area struggled. During Mayor Oscar Goodman’s terms in office, he promoted a revitalization of the downtown area. Oscar’s wife, Carolyn Goodman has now been elected Mayor and she continues to promote businesses in the downtown area. As we emerge from the recession, we are finding that the dream of an exciting urban core is becoming a reality.
Las Vegas Homes for Sale
Downtown Las Vegas is now home to the Lou Ruvo – Cleveland Clinic Brain Research Institute. The Institute is doing cutting edge research to fight Alzheimers, MS and Parkinson’s Disease. Nearby, is the Downtown Premium Outlet which has become one of the most profitable Outlet Centers in the Country. The World Furniture Mart now offer 3 million square feet of space for the furniture industry. And many of the hotels, such as the Plaza and The D which was the former Fitzgeralds are now updated with trendy restaurants and bars.
In 2012, we saw the opening of the Smith Center for the Performing Arts. This beautifully designed venue is now home to the Las Vegas Philharmonic and the Nevada Ballet. In addition, it is attracting major Broadway Shows and an incredible array of outstanding artists, including Michael Feinstein’s tribute to Sinatra and Classical Violinist Joshua Bell among others. The smaller cabaret venue at the Smith Center offers an equally exciting array of artists in an intimate atmosphere reminiscent of the old days of cabaret.
Luxury Las Vegas Real Estate
The City now has a new City Hall which left the old building vacant. Zappos is now moving their headquarters into the old City Hall Building which will create new jobs in the Downtown area. In addition, Founder Tony Hsieh has invested $350M of his own funds into a tech start-up project which is promoting start-ups who move into the Downtown area. Hsieh’s investments have already made a difference in the Fremont East area where we are now seeing bars and restaurants such as Le Thai opening and thriving. As Las Vegas emerges from the recession, it appears to be well on its way to developing a vibrant Downtown.
Housing in the Downtown area includes High Rise buildings, such as Newport Lofts and SOHO Lofts where you can own your own condo, as well as older homes which are frequently used as office space as well as living space.
Moderately Priced Las Vegas Homes
Aside from the new high rise buildings, there are some very desirable neighborhoods located in town. Starting with the guard gated Las Vegas Country Club where smaller homes currently start in the $100′s up to more than $1 million for an estate sized home on quarter acre lots with golf course views.
The Alta Historic District is another beautiful area with mature shade trees and older homes. These are the kind of homes that were featured in the movie Casino. Communities in this area include Rancho Bel Air, Rancho Circle, the Scotch 80s and Spanish Oaks. The homes are older than you will find in our newer suburbs, but the area is favored by many medical and legal professionals due to the close proximity to the County Courthouse, City Hall, UMC, etc.
For those who prefer a more suburban setting, Las Vegas has a wide variety of options, including master planned communities like Summerlin, Providence, Mountain’s Edge.
