11951 Mount Potosi Canyon Rd Las Vegas, NV 89161
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Land
Property Details for 11951 Mount Potosi Canyon Rd
- Lot size
- 234.00 lot acres
- Property type
- Land
Description
This exceptional 234-acre property in Clark County, Nevada, presents a rare development opportunity. Located less than 30 miles southwest of Las Vegas, near the historic Old Spanish Trail, this land boasts significant historical value as the site of the Potosi Mine, Nevada's oldest mine, established in 1856. The property includes ten lode mining claims (approximately 20 acres each) and five mill sites (approximately 5 acres each), all operating under the 1872 Mining Law. The Potosi Mine, initially mined for lead and later zinc, features a 200,000-ton mine dump containing critical minerals, potentially valuable for resource recovery. The property also includes 145 acre-feet of quasi-municipal water rights, fed by the Potosi Artesian Spring, and an existing 1,089 square-foot cabin. Zoned RS-80 (Residential Single-Family), the property has a tentative map approved for 104 lots, with a development start date of July 17, 2027, as per a NOFA dated August 28, 2023. Environmental and drainage studies are underway to facilitate the construction of a paved access road. The property's high elevation ranges from 5,685 feet to 6,840 feet, with diverse vegetation including pinyon pine, juniper, and sagebrush, and features such as petroglyphs and rock shelters. The property's rich history includes designation as a National Fallout Shelter in 1968 and listing on the National Register of Historic Places in 1974. Access is via Highway 160 and Mt. Potosi Canyon Road. The nearest substation is Valley Electric - Sandy Valley.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.542
- Latitude
- 35.971
