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    Olympia Summit Dr Las Vegas, NV 89141

    Sponsored
    For Sale
    $9,900,000

    34 Acres, Panoramic Views, Las Vegas

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 34.23-acre parcel presents a rare opportunity to build your dream estate in the prestigious Olympia Summit area of Las Vegas, Nevada. Zoned RE-Rural Estates, allowing for two units per acre, this land offers unparalleled privacy and breathtaking, unobstructed city views. Located just west of the master-planned Southern Highlands community and a renowned golf course, the property boasts a convenient location with easy access to amenities. The Clark County Enterprise Jurisdiction ensures efficient permitting and development processes. A proposed access road, planned by a neighboring home builder developing an adjacent parcel, further enhances accessibility. The asking price is $9,900,000, with a preferred closing through First American Title. A significant earnest money deposit of $200,000 and proof of funds are required. The APN is 191-06-401-004. Ideal for the creation of multiple luxury homes or a single, expansive mega-mansion, this property is a truly unique investment opportunity in one of Las Vegas' most desirable locations. The elevated position ensures stunning panoramic views, making this a truly exceptional piece of land.

    Property Features for 0 Olympia Summit Dr

    General Information

    Property type
    Land
    Lot Size
    1,491,059 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.2068572
    Latitude
    35.9756869

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    FAQs

    What type of property is this?
    Land - 34 Acres, Panoramic Views, Las Vegas
    Where is this land located?
    The property is located at Olympia Summit Dr Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $9,900,000.
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    Olympia Summit Dr Las Vegas, NV 89141
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Olympia Summit Dr Las Vegas, NV 89141
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