- Exploring The Paseos Summerlin Las Vegas Real Estate Market Trends
- Key Takeaways
- Overview of The Paseos Summerlin Las Vegas Real Estate
- Key Features of The Paseos Neighborhood
- 1. Luxury Homes
- 2. Prime Location in Summerlin
- 3. Family-Friendly Environment
- 4. Amenities and Recreation
- 5. Proximity to Shopping and Dining
- 6. Golf Courses
- 7. Safety and Security
- 8. Community Events
- 9. Scenic Views
- 10. Convenient Access to Major Highways
- 11. Energy-Efficient Living
- 12. Diverse Home Styles
- Types of Properties Available
- 1. Single-Family Homes
- 2. Gated Properties
- 3. Homes with Scenic Views
- 4. Energy-Efficient Homes
- 5. Custom-Built Homes
- 6. Homes with Outdoor Living Spaces
- 7. Luxury Amenities
- 8. Homes in Master-Planned Communities
- 9. Vacation Homes
- 10. New Construction Homes
- 11. Condos and Townhomes
- Market Trends in The Paseos Summerlin
- Amenities and Attractions in The Paseos
- Parks and Recreation Facilities in The Paseos, Summerlin
- Neighborhood Parks
- Community Centers
- Nearby Summerlin Facilities
- Natural Recreation
- Shopping and Dining Options near The Paseos, Summerlin
- Downtown Summerlin
- The Shops at Tivoli Village
- Red Rock Casino, Resort & Spa
- Local Neighborhood Options
- Farmers Markets
- Advantages of Living in The Paseos
- The Paseos Community Atmosphere
- Accessibility and Transportation for The Paseos, Summerlin
- Buying Process for The Paseos Summerlin Las Vegas Real Estate
- Finding a Real Estate Agent for The Paseos Summerlin
- Research Qualified Agents
- Finding Potential Agents
- Evaluation Process
- Steps to Secure Financing for a Home in The Paseos Summerlin
- 1. Assess Your Financial Situation
- 2. Get Pre-Approved
- 3. Explore Mortgage Options
- 4. Consider Summerlin-Specific Financing Needs
- 5. Work with a Mortgage Professional
- 6. Prepare for Underwriting
- 7. Closing Process
- Investment Potential in The Paseos, Summerlin
- The Paseos Summerlin Homes for Sale
Exploring The Paseos Summerlin Las Vegas Real Estate Market Trends
Discover luxurious living in The Paseos Summerlin Las Vegas real estate.
Explore stunning homes, vibrant community amenities, and unbeatable mountain views.
Whether you’re looking to buy or invest.
The Paseos offers a perfect blend of convenience and tranquility.
Dive into the latest listings and find your dream home in this exceptional neighborhood today!
Key Takeaways
- Summary of The Paseos Summerlin Las Vegas property landscape
- Trends in the market for The Paseos Summerlin
- Features and highlights of The Paseos
- Benefits of residing in The Paseos
- Steps involved in acquiring The Paseos Summerlin Las Vegas property
- Prospects for investment in The Paseos
Overview of The Paseos Summerlin Las Vegas Real Estate
The Paseos Summerlin Las Vegas real estate market offers a captivating array of properties in a picturesque and family-friendly neighborhood.
Located in the master-planned community of Summerlin.
This area provides residents with a blend of urban convenience and suburban tranquility.
Homeowners enjoy easy access to parks, schools, and recreational facilities, making it an attractive option for families and professionals alike.
The Paseos Summerlin Las Vegas real estate reflects the charm of the region.
With a variety of architectural styles and price points catering to diverse preferences.
The Paseos stands out as a sought-after destination for homebuyers.
Key Features of The Paseos Neighborhood
The Paseos is a highly desirable neighborhood within the master-planned community of Summerlin in Las Vegas, Nevada.
Known for its upscale living and family-friendly atmosphere.
The Paseos offers a range of key features that make it a sought-after location for homebuyers.
Here are the standout features of the neighborhood:
1. Luxury Homes
- The Paseos features high-end, custom-built homes with modern architectural designs.
- Homes often include premium finishes such as granite countertops, hardwood floors, and energy-efficient appliances.
- Spacious floor plans with options for single-story and two-story layouts.
2. Prime Location in Summerlin
- Situated in the heart of Summerlin, one of Las Vegas’s most prestigious master-planned communities.
- Close proximity to Red Rock Canyon National Conservation Area, offering stunning views and outdoor recreation.
3. Family-Friendly Environment
- Safe, well-maintained streets with a strong sense of community.
- Top-rated schools within the Clark County School District, making it ideal for families.
4. Amenities and Recreation
- Access to Summerlin’s extensive network of parks, trails, and open spaces.
- Nearby community centers, swimming pools, and sports facilities.
- Walking and biking trails that connect to the larger Summerlin trail system.
5. Proximity to Shopping and Dining
- Minutes away from Downtown Summerlin, a premier shopping and entertainment destination.
- Easy access to a variety of restaurants, cafes, and retail stores.
6. Golf Courses
- Close to several world-class golf courses, including TPC Summerlin and The Summit Club, catering to golf enthusiasts.
7. Safety and Security
- Low crime rates and a strong sense of security within the neighborhood.
- Gated sections available for added privacy and peace of mind.
8. Community Events
- Regular neighborhood events and activities organized by the Summerlin Council and local homeowners’ associations.
- Opportunities for socializing and building connections with neighbors.
9. Scenic Views
- Many homes offer breathtaking views of the Las Vegas Valley, Red Rock Canyon, or the Spring Mountains.
10. Convenient Access to Major Highways
- Easy access to I-215 and US-95, providing quick commutes to downtown Las Vegas, the Strip, and McCarran International Airport.
11. Energy-Efficient Living
- Many homes are built with sustainability in mind, featuring solar panels and energy-efficient systems.
12. Diverse Home Styles
- A mix of Mediterranean, Spanish, and contemporary architectural styles to suit various tastes.
The Paseos combines luxury living with a strong sense of community, making it one of the most attractive neighborhoods in Summerlin for families, professionals, and retirees alike.
Types of Properties Available
The Paseos neighborhood in Summerlin, Las Vegas, offers a variety of property types to cater to different lifestyles and preferences.
Here are the primary types of properties available in The Paseos:
1. Single-Family Homes
- Luxury Estates: Large, custom-built homes with high-end finishes, spacious layouts, and premium amenities.
- Mid-Sized Homes: Ideal for families, these homes offer 3-5 bedrooms, modern designs, and functional living spaces.
- Single-Story Homes: Perfect for retirees or those seeking convenience, these homes feature open floor plans and easy accessibility.
2. Gated Properties
- Gated Communities: Some sections of The Paseos offer gated entrances for added privacy and security.
- Custom Gated Estates: Exclusive properties with private gates, large lots, and luxurious features.
3. Homes with Scenic Views
- Mountain View Homes: Properties offering stunning views of Red Rock Canyon or the Spring Mountains.
- City View Homes: Homes with panoramic views of the Las Vegas Valley and skyline.
4. Energy-Efficient Homes
- Solar-Powered Homes: Properties equipped with solar panels to reduce energy costs and environmental impact.
- Green-Built Homes: Homes designed with sustainable materials and energy-efficient systems.
5. Custom-Built Homes
- Tailored Designs: Homes built to the buyer’s specifications, allowing for personalized layouts, finishes, and features.
- Architectural Variety: A mix of Mediterranean, Spanish, and contemporary styles.
6. Homes with Outdoor Living Spaces
- Backyard Oasis: Properties featuring landscaped yards, swimming pools, spas, and outdoor kitchens.
- Patios and Decks: Ideal for entertaining or enjoying the pleasant Las Vegas weather.
7. Luxury Amenities
- Smart Homes: Properties equipped with advanced home automation systems for security, lighting, and climate control.
- Resort-Style Features: Homes with amenities like home theaters, wine cellars, and gourmet kitchens.
8. Homes in Master-Planned Communities
- Access to Summerlin Amenities: Residents enjoy access to parks, trails, community centers, and recreational facilities.
- Proximity to Schools and Shopping: Conveniently located near top-rated schools, shopping centers, and dining options.
9. Vacation Homes
- Second Homes: Ideal for those looking for a vacation property in a desirable location with access to Las Vegas attractions.
- Investment Properties: Homes purchased for rental income or future resale value.
10. New Construction Homes
- Move-In Ready: Newly built homes with modern designs and the latest features.
- Pre-Sale Opportunities: Options to purchase homes during the construction phase, allowing for customization.
11. Condos and Townhomes
- Low-Maintenance Living: Ideal for those seeking a smaller footprint without sacrificing luxury.
- Community Amenities: Access to shared facilities like pools, fitness centers, and clubhouses.
The Paseos offers a diverse range of properties to suit various needs, whether you’re looking for a family home, a luxury estate, or a low-maintenance condo. The neighborhood’s combination of upscale living, scenic beauty, and convenient amenities makes it a top choice for homebuyers in Las Vegas.
Market Trends in The Paseos Summerlin
The Paseos Summerlin Las Vegas real estate market showcases a diverse range of properties characterized by modern amenities and spacious layouts.
Homes often feature great rooms that allow for seamless entertaining and relaxation.
While many include balconies that provide stunning views of the surrounding landscape.
The presence of nearby parks and recreational facilities enhances the appeal of the area, making it an attractive choice for families and individuals alike.
As potential buyers explore the vast options within The Paseos Summerlin Las Vegas real estate,.
Understanding these key elements is essential for making informed decisions in this dynamic market.
Current Real Estate Prices
The Paseos Real Estate Price Overview (as of late 2024)
- Single-family homes in The Paseos typically ranged from approximately $700,000 to over $2 million
- The median home price was roughly in the $900,000 to $1.1 million range
- Luxury custom homes with premium lots or views of the Las Vegas Strip or Red Rock Canyon commanded higher prices
- Price per square foot averaged between $300-$450, depending on the specific location, age, and amenities of the property
- New construction homes generally commanded premium prices compared to resale properties
For the most current and accurate pricing information.
I would recommend:
- Checking with a local real estate agent who specializes in Summerlin properties
- Looking at recent listings on major real estate websites
- Reviewing the latest market reports from the Greater Las Vegas Association of Realtors (GLVAR)
Historical Market Performance of The Paseos in Summerlin, Las Vegas
Based on real estate data available through my knowledge cutoff of October 2024, here’s an overview of the historical market performance of The Paseos neighborhood in Summerlin:
Long-Term Growth (Early 2000s to 2024)
- The Paseos has generally outperformed the broader Las Vegas market since its development
- Property values typically appreciated at an average of 4-7% annually during normal market conditions, excluding the housing crisis and pandemic periods
- Premium locations with mountain or Strip views have historically commanded 15-25% higher prices and maintained better value retention
Housing Market Crash (2008-2012)
- During the 2008 housing crisis, The Paseos saw value declines of approximately 30-40%, which was less severe than the broader Las Vegas market (which experienced 50-60% declines in many areas)
- Recovery began around 2012-2013, with The Paseos rebounding faster than many other Las Vegas neighborhoods
- By 2016-2017, most properties had recovered to their pre-crash values
Post-Pandemic Performance (2020-2024)
- Like many premium suburban communities, The Paseos saw significant appreciation during 2020-2022
- Home values increased approximately 25-35% during this period
- By mid-2023 to early 2024, the market stabilized with more moderate growth
- Throughout 2024, The Paseos maintained relatively strong value retention despite higher interest rates affecting the broader market
Investment Performance Metrics
- Average days on market: Typically 20-40 days during normal market conditions
- Rental yields: Single-family homes averaged 3.5-4.5% gross rental yields
- Price-to-income ratio: Higher than Las Vegas average, reflecting the premium nature of the community
- Resale value: Properties in The Paseos typically maintained 90-95% of improvement value after 10 years, compared to 80-85% in many other Las Vegas communities
This historical performance reflects The Paseos’ positioning as a premium master-planned community, benefiting from Summerlin’s strong amenities, proximity to Red Rock Canyon, and the overall planning and management by the Howard Hughes Corporation.
Amenities and Attractions in The Paseos
The Paseos Summerlin Las Vegas real estate offers residents a vibrant lifestyle enriched by an array of amenities and attractions.
Within this picturesque community, residents enjoy expansive parks and well-maintained recreation facilities.
Which provide ample opportunities for outdoor activities and family gatherings.
Nearby Summerlin neighborhoods enhance the living experience with convenient access to shopping and dining options that cater to diverse tastes.
This blend of recreation and convenience makes The Paseos a desirable choice among the Summerlin subdivisions.
Showcasing the perfect balance between luxurious estates and an active lifestyle.
Parks and Recreation Facilities in The Paseos, Summerlin
The Paseos in Summerlin features an impressive array of parks and recreational amenities designed to enhance residents’ quality of life.
Here’s a comprehensive overview:
Neighborhood Parks
Paseos Park
- 12-acre signature park
- Children’s play area with shade structures
- Interactive water play features
- Basketball courts
- Large open grass fields
- Picnic pavilions with BBQ areas
- Walking paths with desert landscaping
- Restroom facilities
Fox Hill Park
- Adventure-themed playground
- Climbing structures
- Shaded seating areas
- Open turf areas for informal sports
- Walking trails
Paseos Trail System
- Interconnected walking/jogging paths
- Links residential areas to parks and amenities
- Desert landscaping with native plants
- Strategic viewpoints of mountains and valley
Community Centers
Paseos Community Center
- Multi-purpose rooms for resident events
- Fitness classes and community programs
- Outdoor pool (seasonal)
- Administrative offices
Nearby Summerlin Facilities
Summerlin Tennis Club
- Professional-grade tennis courts
- Lessons and clinics available
- Tournaments and social events
Aquatic Centers
- Multiple swimming facilities within Summerlin
- Lap pools and recreational swimming
- Swimming lessons and water fitness classes
Golf Courses
- TPC Las Vegas (nearby)
- Angel Park Golf Club
- Highland Falls Golf Club
- Several other courses within short driving distance
Natural Recreation
Red Rock Canyon Access
- Hiking and mountain biking trails accessible from The Paseos
- Rock climbing opportunities
- Nature observation points
- Educational programs about desert ecology
Conservation Areas
- Protected natural spaces throughout the community
- Native desert plant preservation
- Wildlife corridors
All parks and recreational facilities in The Paseos are maintained by the Summerlin Council and the homeowners’ association.
Ensuring consistent quality and cleanliness throughout the neighborhood.
Shopping and Dining Options near The Paseos, Summerlin
Downtown Summerlin
Located approximately 5-10 minutes from The Paseos, Downtown Summerlin is the primary shopping and dining hub featuring:
Shopping
- 125+ retail stores and boutiques
- Apple Store, Macy’s, Dillard’s, and other major retailers
- Specialty shops for home décor, fashion, and gifts
- Trader Joe’s and Whole Foods Market
Dining
- California Pizza Kitchen – Casual pizza and California-inspired cuisine
- Maggiano’s Little Italy – Family-style Italian dining
- True Food Kitchen – Health-focused seasonal menu
- Shake Shack – Premium burgers and shakes
- Dave’s Hot Chicken – Nashville-style hot chicken
- Jing – Upscale Asian fusion and sushi
- North Italia – Modern Italian cuisine
- Wolfgang Puck Bar & Grill – Celebrity chef restaurant
- Public School 702 – Gastropub with craft beers
The Shops at Tivoli Village
Located about 10-15 minutes from The Paseos:
Shopping
- Boutique retail shops
- Home furnishing stores
- Art galleries and specialty gifts
Dining
- Echo & Rig – Steakhouse with butcher shop
- Leoné Café – Mediterranean-inspired casual dining
- El Dorado Cantina – Organic Mexican cuisine
Red Rock Casino, Resort & Spa
Within 10 minutes of The Paseos:
Dining Options
- T-Bones Chophouse – Upscale steakhouse
- Hearthstone Kitchen & Cellar – Rustic American fare
- Lucille’s Smokehouse BBQ – Southern BBQ
- Yard House – Extensive beer selection and American fare
- Blue Ribbon Sushi Bar & Grill – Sushi and Japanese cuisine
- Osteria Fiorella – Italian restaurant by chef Marc Vetri
Local Neighborhood Options
The Paseos Village Center
- Orangetheory Fitness
- Coffee shops and quick-service restaurants
- Paseos Dental
Vista Commons
Small shopping center with:
- Marché Bacchus – French bistro with wine shop
- Japañeiro – Japanese and Brazilian fusion
- Local cafés and service businesses
Farmers Markets
- Farmers Market at Downtown Summerlin – Seasonal, featuring local produce and artisanal foods
Most shopping and dining destinations are within a 5-15 minute drive from The Paseos.
Making it convenient for residents while maintaining the peaceful residential character of the neighborhood.
Advantages of Living in The Paseos
Living in The Paseos Summerlin Las Vegas real estate offers a unique blend of community charm and modern amenities.
Residents enjoy the scenic beauty of the huge paseo trail that winds through the neighborhood, ideal for outdoor activities and leisurely strolls.
The large cove located within the area serves as a gathering spot for families and social events, enhancing the community atmosphere.
With a diverse selection of homes available for sale or rent, potential buyers can find the perfect residence that suits their lifestyle.
The seamless integration of parks, recreational activities.
Convenient access to services further emphasizes the desirability of The Paseos Summerlin Las Vegas real estate for families and individuals alike.
- Excellent outdoor recreational opportunities, including walking, jogging, and biking along the paseo trail
- Family-friendly environment with community events and gatherings
- Access to nearby parks and playgrounds for children
- Proximity to shopping, dining, and entertainment options
- Well-maintained neighborhood with a focus on aesthetics and landscaping
- Safe and welcoming atmosphere, enhancing the quality of life for residents
- Strong sense of community, fostering connections among neighbors
The Paseos Community Atmosphere
Community Character
The Paseos is characterized by its tranquil, upscale atmosphere that balances privacy with community connection. The neighborhood has developed a reputation for being:
- Family-oriented with numerous children’s activities, family events, and multi-generational households
- Active lifestyle-focused with residents frequently using the extensive trail systems, parks, and outdoor spaces
- Peaceful and serene with lower housing density than many Las Vegas neighborhoods and strategic buffers between sub-communities
- Socially connected through regular community events and shared amenities
Resident Demographics
- Mixed age groups with a notable concentration of families with school-age children and professional couples
- Above-average income levels reflecting the premium housing prices
- Diverse professional backgrounds including healthcare professionals, tech industry workers, casino executives, and business owners
- Mix of long-term residents and newcomers to Las Vegas, with many relocating from California, Washington, and other Western states
Community Events and Traditions
- Seasonal festivals coordinated through the Summerlin Council
- Summer concert series in the parks
- Holiday celebrations including neighborhood light displays and organized activities
- Fitness challenges that utilize the community trail systems
- Block parties organized by individual streets or sub-neighborhoods
Governance and Community Involvement
- Active homeowners’ association with resident participation
- Architectural review committee maintaining community standards
- Volunteer opportunities through the broader Summerlin community
- Low crime rates with community watch programs and security patrols
Neighborhood Interactions
- Dog walking social groups that meet regularly on community trails
- Outdoor fitness gatherings in the parks
- Children’s playgroups that rotate between different neighborhood parks
- New resident welcome committees to help integrate newcomers
The overall atmosphere can be described as private yet friendly, where residents value both their personal space and the shared community experience.
There’s a noticeable pride of ownership throughout The Paseos, contributing to well-maintained properties and common areas.
Accessibility and Transportation for The Paseos, Summerlin
Location Overview
The Paseos is strategically positioned in the western part of Summerlin, offering convenient access to Las Vegas amenities while maintaining a peaceful distance from the bustle of the Strip.
Major Access Routes
Highways and Major Roads
- Summerlin Parkway: Primary east-west corridor connecting to I-215
- I-215 Beltway: 5-10 minute drive, providing access around Las Vegas
- Far Hills Avenue: Major east-west thoroughfare through Summerlin
- Desert Foothills Drive: North-south access through The Paseos
- Alta Drive: Connects to central Summerlin amenities
Commute Times
- Las Vegas Strip: 20-25 minutes
- Downtown Las Vegas: 25-30 minutes
- McCarran International Airport: 25-30 minutes
- Henderson: 35-40 minutes
- North Las Vegas: 30-35 minutes
- Red Rock Canyon: 5-10 minutes
- Downtown Summerlin: 5-10 minutes
Public Transportation
- RTC Bus Service: Limited routes serving Summerlin
- Route 206 runs along Far Hills Avenue
- Primarily connects to Downtown Summerlin Transit Center
- Park & Ride Facilities: Available at Westcliff Transit Center (approximately 10 minutes from The Paseos)
- Uber and Lyft operate throughout the area
- Typical wait times of 5-10 minutes
- Common rideshare cost to Las Vegas Strip: $25-35 (as of late 2024)
Walkability and Biking
- Internal Walkability: Excellent within The Paseos (walking score 65-75)
- Extensive trail system connects neighborhoods to parks and amenities
- Pedestrian-friendly street design with sidewalks throughout
- Biking Infrastructure:
- Dedicated bike lanes on major Summerlin roads
- Connected to the greater Summerlin Trail System (over 200 miles)
- Direct access to Red Rock Canyon cycling routes
EV Infrastructure
- Multiple public charging stations in nearby shopping centers
- Tesla Supercharger at Downtown Summerlin
- New home construction often includes EV charging capability
Future Transportation Plans
- Ongoing expansion of the Summerlin trail system
- Planned improvements to Summerlin Parkway capacity
- RTC transit expansion plans for Western Las Vegas
The Paseos offers residents good accessibility while maintaining its separate, suburban character.
Private vehicle ownership remains the primary transportation method for most residents, with excellent road connectivity to the rest of Las Vegas.
Buying Process for The Paseos Summerlin Las Vegas Real Estate
The Paseos Summerlin Las Vegas real estate market is dynamic and inviting.
Making it essential for potential buyers to understand the buying process.
This area offers a variety of properties, from charming single-family homes to modern townhouses.
All nestled amid picturesque meadows and well-designed landscapes.
The Summerlin community enhances the overall appeal with its commitment to quality living.
Providing residents with a wealth of amenities and recreational options.
Engaging a knowledgeable local real estate agent can simplify navigating the market and identifying the right home.
Understanding financing steps will also empower buyers to make informed decisions in this thriving neighborhood.
Finding a Real Estate Agent for The Paseos Summerlin
When searching for a real estate agent to help you buy or sell property in The Paseos Summerlin area, consider these important steps:
Research Qualified Agents
Specialized Experience
- Look for agents with specific experience in The Paseos and broader Summerlin
- Find professionals who have completed multiple transactions in this specific neighborhood
- Seek agents familiar with luxury properties if applicable to your situation
Professional Credentials
- CRS (Certified Residential Specialist): Advanced training in residential real estate
- ABR (Accredited Buyer’s Representative): Specialized in representing buyers
- SRES (Seniors Real Estate Specialist): Helpful if targeting retirement communities
- CLHMS (Certified Luxury Home Marketing Specialist): Important for higher-end properties
Finding Potential Agents
Local Resources
- Visit open houses in The Paseos to meet agents active in the area
- Check neighborhood “For Sale” signs to identify active agents
- Ask current residents for recommendations
Online Research
- Real estate brokerage websites with agent profiles
- Greater Las Vegas Association of Realtors (GLVAR) directory
- Real estate platforms like Zillow, Realtor.com that show agent reviews and sales history
- Local community social media groups for Summerlin residents
Evaluation Process
Interview Multiple Agents
- Prepare specific questions about The Paseos market
- Discuss their marketing strategy for the neighborhood
- Ask about their knowledge of Summerlin HOA regulations
- Inquire about their availability and communication style
Key Questions to Ask
- “How many properties have you sold in The Paseos in the past year?”
- “What’s your approach to pricing homes in this specific community?”
- “How do you handle the Summerlin design review process for property modifications?”
- “What amenities and features tend to increase property values most in The Paseos?”
- “How do you leverage the Summerlin lifestyle in your marketing?”
Check References
- Speak with previous clients who bought or sold in The Paseos
- Verify sales history in the neighborhood
The right agent for The Paseos should demonstrate in-depth knowledge of not just real estate principles, but the specific features, regulations, and market dynamics that make this Summerlin neighborhood unique.
Steps to Secure Financing for a Home in The Paseos Summerlin
1. Assess Your Financial Situation
- Review your credit score and reports (aim for 740+ for best rates)
- Calculate your debt-to-income ratio (keep under 43%, preferably under 36%)
- Determine your available funds for down payment and closing costs
- Consider The Paseos’ higher price point when budgeting (typically $700K-2M+)
2. Get Pre-Approved
- Gather necessary financial documents:
- Recent pay stubs (last 30 days)
- W-2s and tax returns (past 2 years)
- Bank statements (past 2-3 months)
- Investment account statements
- Shop multiple lenders (local Las Vegas lenders, national banks, credit unions)
- Obtain a pre-approval letter (essential for making offers in competitive Summerlin market)
3. Explore Mortgage Options
- Conventional loans: Typically require 20% down for luxury properties
- Jumbo loans: For properties above conforming loan limits ($726,200 in Clark County as of my last update)
- Portfolio loans: Offered by banks for high-value properties with unique features
- Fixed vs. adjustable rates (consider your long-term plans)
4. Consider Summerlin-Specific Financing Needs
- Budget for Summerlin and Paseos HOA fees in your monthly expenses
- Account for potentially higher property taxes in this premium area
- Understand SID/LID fees that may apply to newer sections
- Factor in higher homeowners insurance for luxury properties
5. Work with a Mortgage Professional
- Choose a lender experienced with Summerlin luxury properties
- Discuss PMI options if your down payment is less than 20%
- Understand rate lock options during your home search
- Review all closing cost estimates thoroughly
6. Prepare for Underwriting
- Avoid major purchases or new credit accounts during the process
- Maintain employment stability
- Keep detailed records of fund transfers or large deposits
- Be prepared to explain any unique income situations
7. Closing Process
- Schedule a property inspection
- Review the Closing Disclosure document carefully
- Prepare certified funds for closing
- Plan for a final walkthrough before signing
In The Paseos market, having strong financing in place before beginning your property search is crucial.
Homes in desirable Summerlin neighborhoods often attract multiple offers.
Investment Potential in The Paseos, Summerlin
Long-Term Value Factors
Location Advantages
- Proximity to Red Rock Canyon (protected land ensuring permanent views)
- Position within Summerlin’s master plan (established premium community)
- Distance from Strip maintains residential character while providing accessibility
- Well-designed layout with strategic green spaces and trail systems
Supply Constraints
- Limited remaining developable land in Western Summerlin
- The Paseos is largely built out with few new construction opportunities
- Future expansion is geographically constrained by conservation areas and existing development
Quality and Maintenance
- Strict HOA standards preserve neighborhood aesthetics and property values
- Consistent architectural themes throughout neighborhoods
- Well-maintained common areas and landscaping
- Summerlin master plan ensures cohesive development
Investment Return Metrics
Appreciation History
- Historical annual appreciation of 4-7% (excluding housing crisis and pandemic periods)
- Premium Paseos properties typically outperform Las Vegas metro average
- Properties with mountain or Strip views command additional premium
Rental Potential
- Single-family rental yields average 3.5-4.5% (lower than some Las Vegas areas but with stronger appreciation potential)
- High-quality tenant pool due to area desirability and proximity to major employers
- Strong demand for rental properties in quality school zones
- Limited rental supply due to HOA restrictions in some sub-neighborhoods
Tax Considerations
- Nevada’s favorable tax environment (no state income tax)
- Property tax rates around 0.7-0.8% of assessed value
- Various deductions available for investment properties
Market Outlook Factors
Economic Diversification
- Las Vegas economy expanding beyond tourism into technology, healthcare, and professional services
- Major companies establishing regional offices in Summerlin
- Growing demand from remote workers seeking quality-of-life locations
Demographic Trends
- Continued migration from higher-cost states (particularly California)
- Aging population seeking premium retirement communities
- Professional families attracted to school quality and amenities
Risk Considerations
- Higher price point means potentially smaller buyer pool during market downturns
- HOA and Summerlin fees add to ownership costs
- Desert climate creates some maintenance considerations
- Water availability issues in Southern Nevada
The Paseos represents a relatively stable investment opportunity within the Las Vegas market.
With strong fundamentals supporting long-term value appreciation despite potentially lower immediate rental yields compared to other Las Vegas neighborhoods.
The Paseos Summerlin, a high-end neighborhood, ensures convenient access to the vibrant Downtown Summerlin city of Las Vegas, offering the perfect balance between tranquility and urban excitement.
In our exploration of The Paseos Summerlin, it’s essential to delve into the diverse real estate options that this upscale neighborhood presents to prospective residents.
The Paseos is a neighborhood in Summerlin, Nevada, that offers a variety of architectural styles for its homes..
Single-family homes in the master planned community have panoramic views of the Spring Mountains.
The Paseos Summerlin Las Vegas real estate gives home buyers a difference of neighborhoods and houses to purchase.
The Paseos Summerlin Village also has custom luxury homes for sale.
People consider Summerlin real estate one of the most enjoyable locations to own a home for sale.Lennar homes for sale.
Neighborhoods in Paseos Summerlin Village
- Allegra
- Altura
- Andalusia
- Andorra
- Barcelona
- Belmonte
- Calavera
- Capistrano
- Catalina
- Cordova
- Coronad
- Delano
- Escala
- Esperanza
- Estrella
- Granada
- Los Altos
- Los Lomas
- Mariposa
- Montecito
- Palomar
- Santaluz
- Sarasota
- Savona
- Segovia
- Serrano
- Serran
- Tevare
- Tierra Bella
The Paseos Summerlin Homes for Sale
The Paseos Summerlin Las Vegas Real Estate offers home buyers a number of activities in Summerlin.
It is here that homes for sale homeowners enjoy a 12-acre community park that includes:
Still new properties to purchase in Summerlin.
Summerlin Villages
- The Arbors
- The Canyons
- The Crossing
- The Gardens
- The Hills
- The Hills South
- The Mesa
- The Pueblo
- Red Rock Country Club
- Ridgebrook
- The Ridges
- Siena
- Centre
- Sun City
- The Trails
- The Vistas
- The Willows
The Paseos Summerlin Las Vegas Real Estate Realtor
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The Paseos Summerlin Las Vegas Real Estate