Major Land Deals Mark Growth for Las Vegas’ Premier Master-Planned Community
Summerlin, one of the most sought-after master-planned communities in Las Vegas, is continuing to expand with new developments as two major homebuilders make significant land acquisitions. Howard Hughes Holdings, the company behind Summerlin’s development, has sold two prime parcels of land for a combined total of more than $45 million, paving the way for new subdivisions in the area.
In a recent deal, Howard Hughes Holdings sold a 19.2-acre parcel of land near the I-215 Beltway and Summerlin Parkway interchange for $30 million to Tri Pointe Homes. This follows the January sale of an adjacent 10-acre property to Richmond American Homes for $15.4 million. These transactions highlight the growing demand for new residential communities in Summerlin, a region known for its premium real estate and family-friendly amenities.
What’s Coming to Summerlin?
Tri Pointe Homes and Richmond American Homes have big plans for the newly purchased land. Tri Pointe Homes will be developing a 131-lot subdivision on their 19.2-acre site, while Richmond American Homes plans to build a 76-lot community on their 10-acre plot. These new neighborhoods are expected to attract homebuyers seeking quality housing options in one of Southern Nevada’s most desirable locations.
Summerlin’s Appeal
Summerlin has long been a preferred destination for those looking to live in the Las Vegas area. Spanning 22,500 acres along the valley’s western edge, the community is home to approximately 130,000 residents. Known for its scenic views, top-tier schools, and proximity to shopping, dining, and entertainment, Summerlin also boasts some of the highest home prices in the region. This combination of luxury, convenience, and natural beauty makes it an ideal location for new developments.
The area’s residential growth is complemented by a thriving commercial core, with hundreds of millions of dollars invested in commercial projects off Sahara Avenue and the 215 Beltway. This growth shows no signs of slowing down, with the addition of these new subdivisions helping to meet the high demand for homes in the area.
The Luxury Edge: Astra
The Tri-Pointe Homes and Richmond American Homes projects will be located near Astra, a new luxury housing enclave being developed by Howard Hughes Holdings. Astra sits at the base of the mountains west of Las Vegas and offers exclusive homesites with stunning views. In December, Howard Hughes Holdings sold six homesites in Astra, covering about 3.8 acres, for nearly $23 million combined—underscoring the area’s desirability among high-end homebuyers.
As Summerlin continues to grow and evolve, these latest developments signal an exciting future for one of Las Vegas’ most iconic communities. Whether you’re looking for a family-friendly neighborhood or a luxurious retreat with breathtaking mountain views, Summerlin’s expanding real estate options are sure to meet a variety of needs and lifestyles. Keep an eye on this thriving area as it continues to attract top builders and new residents.