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Mountain's Edge in Las Vegas

Foreclosures for sale in Mountain's Edge Las Vegas Nevada

 

Quick home search link for Mountain's Edge:

All available properties in Mounatin's Edge


Mountain's Edge homes for sale from $100,000-$150,000 Mountain's Edge homes for sale from $300,000-$350,000
Mountain's Edge homes for sale from $150,000-$200,000 Mountain's Edge homes for sale from $350,000-$400,000
Mountain's Edge homes for sale from $200,000-$250,000 Mountain's Edge homes for sale over $400,000
Mountain's Edge homes for sale from $250,000-$300,000  

The culmination of a dream long held by developer John A. Ritter and his Focus Property Group team, Mountains Edge contains over 12,500 lots located on 3,500 acres in the southwestern part of the Las Vegas Valley. The master planners goal for Mountains Edge is to provide a genuine sense of depth, character and community to everyone who lives here. This becomes evident from the moment you enter any of the master plans neighborhoods.

The spectacular desert canyon at the edge of the western foothills is the spectacular backdrop with much care being taken to preserve much of the natural desert environment. Mountain's edge has incorporated more than 500 acres of open space, parks and trail systems that will allow residents to truly enjoy their surroundings. Exploration Peak, a fully restored natural mountain park re-vegetated by the developer with nearly 10,000 native plants is one of the best features on this master planned community. There are trails leading to vantage points offering incredible views of the Las Vegas Valley. Picnic areas, walking paths, a western themed playground and an amphitheater are just some of the amenities planned for this park.

Featured Mountain's Edge Properties:

**Remember: Professional buyer representation is absolutely free to you. Your Mountain's Edge Realtor is waiting for your call 1-866-589-1646**

Recreational options abound in Mountains Edge. Mountains Edge offers 550 acres of parks, walking trail, picnic areas, a performing arts center, tennis complex, two multi-use parks, a skate park and two baseball diamonds. In addition, some of the Mountain's Edge parks will be themed. Plans call for a western themed park, complete with a native American archeological digging area, teepee climbing structure and totem pole seesaws. There are also a wide variety of golf courses nearby, hiking at Red Rock, watersports at Lake Mead, skiing and snowboarding at Mt. Charleston, shopping at the Meadows Mall or taking in a movie at a local movie theater.

There are a variety of builders in Mountains Edge including:

  • Amstar
  • Beazer
  • Concordia
  • D.R. Horton
  • Engle Homes
  • KB Homes
  • Kimball Hill Homes
  • Lennar
  • Meritage Homes
  • Pardee Homes
  • Phillips Homes
  • Pulte Homes
  • RS Development
  • Ryland Homes
  • Toll Brothers
  • WarmingtonHomes
  • Woodside Homes

Felipe Crook

Realty One Group

6475 S. Rainbow blvd Ste 102

Las Vegas, NV 89118

1-866-589-1646

 

 

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Las Vegas Investment Properties for Sale in Nevada


Attention investors looking for great returns on your investment properties, take CNN Money's advice and purchase a rental property in Las Vegas NV.

Las Vegas Investment properties for sale in Nevada

I have been working with a few investors looking to purchase investment properties in the last couple of years.  Some of my clients have bought 1 income property, and others have bought 4-5 properties.  CNN Money earlier this year claimed Las Vegas and the best city to buy an investment property/rental property for those looking to put their money into something a little more stable than the stock market. "Overall, the highest ratings are in markets where home prices have fallen substantially," said Ingo Winzer, founder of Local Market Monitor. "Home prices in these markets are also below average, so empty homes are easily turned into competitive rental properties." The cities were ranked by estimated future returns compared with the projected national average return. According to Local Market Monitor's data, for example, investors in Las Vegas who rent out the properties they buy now will have a 4.7% higher return than the 5.3% national average."

Some neighborhoods in Las Vegas have seen a drop in home prices from the peak of the market as much as 65%.  Many of the available homes for sale here in the valley are priced so low per square foot that the replacement cost to rebuild is higher than the purchase cost.  When prices are cheaper to purchase than to rebuild, investors start to flock towards the market.  Consistently over the last year, 48-54% of our transactions were purchased with CASH.  That is a massive amount of money flowing into our city. Always follow the cash.

For those out of town investors looking to capitalize on our prices and great cash flow, the biggest question I get is where they should purchase.  I almost always answer their question with a question to get a better sense of what your goals are.  Are you going for appreciation? Are you going for cash flow? Are you holding long term? Are you trying to flip properties?  Do you have a time frame?  Are you a foreign national?  Most of the investors I'm speaking to say they want appreciation AND cash flow.  

The most rent-able investment properties with some of the best cash flow have these attributes:

  • 1400+ sq ft
  • 3 bedrooms
  • 2 bath
  • 2 car garage
  • small yard
  • Rents for $900-$1200
  • Taxes will range from $1500-$2000 a year
  • Home Owner's Association fee vary depending on Neighborhood

These types of homes can be purchased for $90k-$140k depending on the area and upgrades.   This falls in line with our median home price in Las Vegas which is $130,000. If you'd like to get a better quality home above the median price, I would recommend looking at property in the $190k-$225k price range.  In this price range I would try to get a home with these attributes:

  • 2500 sq ft
  • 4 bedrooms
  • 2-3 baths
  • 2-3 car garage
  • bigger lot size
  • Rents for $1800-$2300
  • Taxes will be $1800-$2600 a year
  • Association fees will vary depending on the community.

I work with a property manager to whom I refer all of my investors.  She can help rent out your property, collect rents, screen applicants, and help with repairs.  I definitely recommend using a property management company when purchase out of state as it'll help reduce the stress and headaches.  

Some popular neighborhood that I've helped investors purchase rental income properties:

Summerlin

Rhodes Ranch

Peccole Ranch

Mountain's Edge

Henderson Green Valley

Northwest Las Vegas

These are just a few of the most popular areas in the Las Vegas valley. There are plenty of great communities that would be perfect for a rental home. 

If you would like a free relocation guide to Las Vegas, please click this link.

Please feel free to contact me directly, at 1-866-589-1646 for more information regarding your real estate investments. Feel free to start your own search of the MLS below.  This system is updated hourly and is more current than Realtor.com.  You can save your favorites, get notified of new properties, and track prices.   I have the ability to send you properties with very specific search terms, so if you need a specific type of property please call me.

 

Felipe Crook

Prudential Americana Group Realtors

1-866-589-1646

felipe@felipecrook.com

 




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Posted on September 15, 2011 13:43:23 by Felipe Crook

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