*** Las Vegas & Henderson Homes and Condos ***

It's no secret that Lake Las Vegas has had its issues these past few years but the real estate offerings there are plentiful and sales and prices are picking up.

The photo above shows the condos at Viera. 

View resale condos at Viera

View VITA BELLA TOWNHOME INFO

The video below shows the beauty of the resort. Click to View &  Enjoy!

Lake Las Vegas from Gear Guides on Vimeo.

With recent news that the Lake Las Vegas masterplan has come out of bankruptcy, today's Las Vegas Sun Reports that the now closed Ritz Carleton will reopen next year as a DOLCE Brand Resort, and that they are seeking an operator for the now closed Monte Lago Casino. How great would it be if the future casino operator knew how to cater to locals as the Marnells do of M Resort (my favorite Spa), or the Fertitta Family of Red Rock Resort?  Loose Slots?  Local Member Clubs? Buffet Coupons? That'll bring the locals and breathe some life into the oh so peaceful masterplan that is a beautiful desert oasis.

CLICK HERE TO READ THE Lake Las Vegas Breaking NEWS

Access Viera Condo Info

Access TRAMONTO CONDO Info

Access V at Lake Las Vegas info

Take a Virtual Tour of a CONDO at V - We have foreclosures here - CALL US!

Bella Fiore Home Info

Lake Las Vegas real estate has been hit with a number of factors that have put a damper on the low priced luxury homes, golf and lake view condos, and hotel condos: A bankrupt masterplan, the closure of some of the golf courses, the closure of the MONTELAGO CASINO, and the Ritz Carleton. Formally touted as one of the crown jewels of real estate in the Las Vegas Valley, in Henderson NV, 17 miles from the Vegas Strip, many buyers built or purchased glamorous luxury estates, including Celine Dion and American Idol and So You Think You Can Dance producer, Nigel Lythgoe.

More recently, vulture type buyers and real estate bottom feeders have been gobbling up the beautiful condos at V at Lake Las Vegas and Tramonto and luxury homes in Bella Fiore for 20 cents on the original dollar or less in some cases.

Today's Las Vegas Sun has published an article stating the masterplan of Lake Las Vegas has emerged from bankruptcy - CLICK TO READ.

Todays' news release was a welcome and a turn around in the Lake Las Vegas real estate market would be very much welcome for those who have invested in one of Henderson Nevada's loveliest and most unique neighborhoods.

CONTACT US FOR MORE INFO on LAKE LAS VEGAS REAL ESTATE AND FORECLOSURE LISTINGS

Another sign of the times - Lake Las Vegas' Ritz Carlton has closed its doors. CLICK TO READ THE NEWS

What a shame, more people will now be unemployed. With Lake Las Vegas Masterplan in bankruptcy, the real estate at this beautiful resort 17 miles from the Las Vegas strip has seen some of the most dramatic price drops in Henderson real estate. Condos and townhomes are selling for 20 cents on the dollar in many instances, and the sales velocity is good, despite the fact that no lender will lend and purchases must be all cash only.

Lake Las Vegas is a peaceful, tranquil community, that offers a unique alternative to resort living in Las Vegas. But with the closure of the Ritz  - I can't help but think prices may decline even further. 

View TRAMONTO CONDO RESALES AT LAKE LAS VEGAS

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Visit www.LasVegasForeclosureWorld.com

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Yesterday was a beautiful day to show property at Henderson's Lake Las Vegas Resort. It's no secret that Lake Las Vegas Resort is currently in Chapter 11 Bankruptcy and that prices have fallen to levels that are as low as 20 to 45 cents on the dollar in some cases. Despite the high HOA fees in the are (Ranging from about $500-$700 per month on average), the community is a delight for those who want a special second home that is close to the glamour of the Las Vegas strip (17 miles), and offer serene views, great golf, and fabulous walking trails throughout the masterplan.

There are some outstanding values in V at Lake Las Vegas - townhomes and condosfor $199k-$249k which had sold originally for over $600k to $800k.  These units are some of the nicest we have seen - done with finishes you would find in a custom home. And the HOA dues do cover insurance, water, sewer, trash, and the finest clubhouse, pools, spa, gym that the resort has to offer.

We also have the inside scoop to three lakefront & golffront townhomesthat are brand new developer deals priced from the high $00k range reduced from $1.1 million.  The sales office was so crowded yesterday - that the builder's rep had to take people in group's through these stunning units.  Everywhere we went, we came across agents and their buyers all looking at the same deals. The secret is out - Lake Las Vegas real estate is being snapped up by those who want to enjoy a special lifestyle in the desert oasis that is a hop skip and jump away from the glitz and glamour of Las Vegas urban living.

Please CONTACT USfor the best deals on condos, townhomes, and luxury estates at Lake Las Vegas Resort. We are familiar with the CCR's and rental restrictions in the various subdivisions and have a great working relationship with the developers that will work to your advantage to get you the inside edge on weekly best buys and incentives.

Call us at: 702 236-8364.

Photo above is taken from the Vita Bella Pool Area

Vita Bella offers unique Beach Access via a Stairway

Vita Bella Pool Area below

Front Porch Views from a Townhome Priced in the high $400k Range

Multi-Level Luxury

Upgrades are All Included - This unit has been reduced from over a million dollars to undre $600k!

Call THE STARK TEAM - LAKE LAS VEGAS EXPERTS

702 376-5220

SEARCH ALL REPOS AND PRE-FORECLOSURES AT V

www.Las-Vegas-Foreclosures.info

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www.LasVegasCondoExperts.com

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VISIT OUR FEATURED PROPERTIES

Prices in Henderson NV's Lake Las Vegas Resort have plummeted and the real estate market has some really well priced foreclosures. I did a quick MLS search to see what new and reduced priced foreclosure listings have hit the market and have found some tremendous foreclosures in the luxury condo community of "V", the guard gated SOUTH SHORE condo community of Mantova as well as some Lake Las Vegas home foreclosures.

One in particular stands out.  THE STARK TEAM just sold the home at 15 Avenida Fiore - which is a SOUTH SHORE single story detached home community.  The home we sold was previously purchased at over $800k & our buyer paid under $365k!! There are a number of other bank owned foreclosures in Lake Las Vegas in the luxury community of Porticello. 

To use the link below, click and then click on the right arrow to scroll from one listing to the next and double click on the photo to enlarge.

MLS FORECLOSURE LISTINGS AT LAKE LAS VEGAS - Homes, Condos, and Townhomes - CLICK TO VIEW

Photos Above and Below are taken from a repo condo at mantova on the South Shore

Interested in previewing these great LAKE LAS VEGAS foreclosure deals?

CONTACT THE STARK TEAM

702 376-5220     702 236-8364

www.LasVegasCondoExperts.com

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The price declines in Lake Las Vegas real estatehave been some of the steepest of any areas in Las Vegas and Henderson NV. These are the deals that buyers have been waiting for, with price dropping to as much as 30 cents on the dollar.  If you are looking for a great resort style second home, at "blood-in-the street" prices, we can locate a few gems for you.  Be prepared for monthly HOA and Lake Las Vegas fees of about $600 to $1000 per month (which includes the LID fee) and be prepared for some of the most upgraded units you have ever seen.  Marble flooring, expansive terraces, fireplaces, stainless appliances, customized back splashes, marble showers and the list goes on.  Here are a few photos I took today of a bank owned repo condos priced below $250k and over 2000 sq. ft.:

These pictures don't reflect what you normally have in mind when you think "FORECLOSURE"

The Stark Team knows the ins and outs of the Lake Las Vegas real estatemarket and the Henderson NV resort Community of Lake Las Vegas.  Put our expert knowledge on your side and let us scope out the finest luxury condo and home foreclosure deals that Lake Las Vegas real estate has to offer.

www.LasVegasHiRiseCondos.com

702 376-5220     702 236-8364

www.LasVegasLuxuryHomes.com

Good news for residents and future buyers at Lake Las Vegas Resortin Henderson NV. With the Lake Las Vegas Resort masterplan in bankruptcy, there was some doubt that much needed repairs would be done to the pipes underneath the lake.  Without these repairs, the lake could have become an empty hole, and devastating to property values in the posh resort.

Concern about the bankuptcy, needed pipe repairs, and plentiful foreclosures on brand new condos at V, and other projects at the resort, have caused property values at Lake Las Vegasto suffer some of the most drastic declines of any Las Vegas & Henderson NV real estate.

Repair Work Has begun on the Underwater PIPING - Click to Read the News

Interested in info on the great foreclosure deals on homes at condos at Lake Las Vegas?

Contact the STARK TEAM

702 376-5220

ww.Lakelasvegas-realestate.com

I am curious as to how the auction went in Lake Las Vegas this very aggressively priced foreclosure deals at "V" and some slashed price condos at Vita Bella.  I wonder how those prices stack up compared to the foreclosure pricing. And I wonder if the fact that the masterplan is in bankuptcy was disclosed to all potential buyers.

What is concerning to me is that the the monthly HOA Lake Las Vegas masterplan dues are $87/month and given the dismal state of affairs, how high are they projected to rise? Buyers need to research the facts and buy with their eyes wide open!

CONTACT THE STARK TEAM for all Your Las Vegas Real Estate Needs

702 376-5220

Am I missing something? Do Auction Companies need to disclose? Fresh off the press is this release about a Lake Las Vegas Property Auction - READ ON. 

Not a mention of the fact that the masterplan in bankruptcy and there is chatter that they lake may be drained and therefore remain a hole in the ground...the following is excerpted from Bloomberg.com:

Lake Las Vegas Joint Venture LLC, the developers behind Lake Las Vegas Resort, which filed for bankruptcy in July, received court approval yesterday to enter into a $127 million financing arrangement while the bankruptcy is pending, the company said in a statement.

The debtor-in-possession, or DIP, financing, will be provided by a ``group of lenders led by Credit Suisse,'' Lake Las Vegas said in the statement. The deal has been consented to by ``various creditors'' and the official committee of unsecured creditors, Lake Las Vegas told U.S. Bankruptcy Judge Linda B. Riegle, according to the statement.

The company, which owns 3,592 acres of planned homes and resorts outside Nevada's largest city, filed for bankruptcy protection on July 17, blaming the credit crisis and the depressed real estate market.

Lake Las Vegas Joint Venture LLC said it had as much as $1 billion in debts and as much as $500 million in assets in court papers filed in U.S. Bankruptcy Court in Las Vegas.

Lake Las Vegas Has Temporary Authority to Use Cash

Lake at Las Vegas Joint Venture LLC, the master developer of the Lake Las Vegas Resort 17 miles from the Las Vegas Strip, received the court's authority to use $1.1 million in cash temporarily until an Aug. 4 hearing on the company's request for approval of $127 million in financing. The financing is to come from Credit Suisse Cayman Islands Branch as agent for lenders.

Information about the use of cash was contained in a statement the company issued yesterday, although it didn't appear early this morning on the court's records.

The developer filed for Chapter 11 protection last week in Las Vegas with affiliates, saying assets are more than $500 million and debt exceeds $1 billion. Secured debt includes $671 million in first mortgages on the property aside from the golf courses. There is another $134 million owing on the golf courses, according to an affidavit filed in the bankruptcy court.

The companies have $20 million in unsecured debt, including $15 million owing to trade suppliers.

The development is a 3,600-acre master-planned community with a 320-acre man-made lake next to the Lake Mead National Recreational Area. It has three golf courses, two hotels, a casino, retail stores and more than 1,600 completed residential units, the developer said.

Atalon Group from Las Vegas now controls the development after taking over in January following the previous owner's default last year on $540 million in debt.

Affiliate Village Hotel Investors LLC, the owner of the resort's Ritz-Carlton hotel, filed a Chapter 11 petition in April in Las Vegas to halt foreclosure of the $103 million mortgage held by German American Capital Corp., a subsidiary of Deutsche Bank AG.

The case is Lake at Las Vegas Joint Venture LLC, 08-17814, U.S. Bankruptcy Court, District of Nevada (Las Vegas). The prior filing by the affiliate is In re Village Hotel Investors LLC, 08- 13043, U.S. Bankruptcy Court, District of Nevada (Las Vegas).

I just wonder if these potential buyers will be made aware of the above so that what seems like a great price may not be so great given the state of affairs.   This is not to say that buying a discounted property at LAKE LAS VEGAS, will not turn out to be a fabulous buy in years to come - but what looks like a deal may not be. 

Reminds me of the folks who bought Turnberry Place foreclosure units at auction sight unseen based on the auctioneer's price per sq. ft. analysis, at what appeared to be fantastic prices, only to find out after they took possession that the views are totally blocked by the Fontainebleau gargare structure going up right outside their living room windows.  Noise  - dust - construction workers welding steel...what a view!

It pays to hire an informed real estate agent who will help educate you. 

Our services are at no cost to you!

Contact the Stark Team for all you Las Vegas Real Estate needs.

www.LasVegasLuxuryHomes.com

702 376-5220