Summerlin Developer Selling Land in New Luxury Housing Enclave for Millions

Summerlin Developer Selling Land in New Luxury Housing Enclave for Millions

The Astra at La Madre Peaks Summerlin developer selling land is a new luxury housing enclave that offers premium residential lots for millions.

Spanning about 170 acres, this project has already seen strong interest, selling six homesites for nearly $23 million.

The Summerlin developer selling land in this community will feature a large clubhouse.

Enhanced security, and stunning views of the Las Vegas Valley.

With buyers enthusiastic for luxury homes, Astra is gaining attention as a premier choice for upscale living.

More Summerlin developer selling land details are available about this exciting project.

Key Takeaways

• The Astra at La Madre Peaks development spans 170 acres in Summerlin, featuring luxury residential lots with stunning views of Las Vegas Valley.
• Six premium homesites sold for nearly $23 million, averaging about $6 million per acre, indicating strong demand.
• The community includes gated enclave homes, a large clubhouse, and enhanced security for residents’ safety and enjoyment.
• Las Vegas Planning Commission approved the Astra project in early 2023, with 81 lots planned for Summerlin developer selling land.
• Expected price increases for remaining Summerlin developer selling land reflect Astra’s status as a premier choice in the luxury housing market.

Summerlin Developer Selling Land in New Luxury Housing Enclave for Millions

The Howard Hughes Corporation, the master Summerlin developer selling land.

Has announced the release of premium land parcels in a new ultra-luxury residential enclave that promises to set new standards for high-end living in Las Vegas.

This exclusive Summerlin developer selling land development, situated in the southwestern edge of Summerlin near the Red Rock Canyon National Conservation Area.

Represents one of the final opportunities for developers and custom homebuilders to acquire land in what has become Las Vegas Valley’s most prestigious master-planned community.

Prime Location Commands Premium Prices

The newly released land parcels, ranging from half-acre to two-acre homesites, are being offered at prices starting at $2 million, with Summerlin developer selling land and premium lots commanding upwards of $5 million.

These figures reflect not only the scarcity of remaining developable land within Summerlin but also the exceptional attributes of this particular location.

“What makes these parcels truly special is the combination of elevation, views, and privacy,” explained Kevin Orrock, President of Las Vegas Region for The Howard Hughes Corporation.

“Situated at elevations ranging from 3,200 to 3,500 feet, these homesites offer panoramic vistas of the Las Vegas Strip, the entire valley, and the dramatic backdrop of Red Rock Canyon.

This is arguably some of the most desirable Summerlin developer selling land remaining in the Las Vegas Valley.”

Overview of the Astra Development Project

As the luxury housing market in Summerlin continues to thrive, the Astra at La Madre Peaks development project stands out for its prime location and exclusive Summerlin developer selling land offerings.

This new development in Summerlin covers approximately 170 acres, featuring luxury residential lots with breathtaking views of the Las Vegas Valley.

The project aims to create a luxury housing enclave, designed for select buyers seeking an elite community.

Six homesites have already been sold in a summerland land sale, reflecting strong interest.

With planned amenities and security, Astra promises a unique living experience in one of the most desirable areas of Southern Nevada.

Strong Initial Response

According to sources close to the Summerlin developer selling land, several parcels have already been placed under contract despite minimal public marketing.

The buyers reportedly include prominent Las Vegas business leaders, executives relocating from California, and at least one celebrity.

The strong initial response underscores the continuing demand.

For ultra-luxury properties in Las Vegas.

Particularly those offering privacy, security, and spectacular views.

“We’ve seen tremendous interest from both local and out-of-state buyers,” noted Diana Valento.

A luxury real estate broker with RE/MAX Reliance.

“The Summerlin address carries significant prestige, and these particular homesites represent a unique opportunity to build legacy properties that will likely appreciate substantially over time.”

Sales Highlights and Pricing Trends

While the Astra at La Madre Peaks development has not yet been publicly marketed, early sales activity indicates a strong demand for its Summerlin developer selling land luxury homesites.

The developer is selling land in this exclusive enclave with six plots sold for nearly $23 million.

Each plot averages about $6 million per acre, showcasing the high-end real estate Las Vegas market.

These million-dollar land parcels attract buyers looking for premium Summerlin NV property.

As additional lots become available, real estate experts expect prices to rise further.

The allure of luxury amenities and stunning views makes Astra a highly sought-after destination for affluent homebuyers.

Exclusive Enclave Design

The new luxury enclave, tentatively named “Astra at La Madre Peaks”, will feature approximately 85 custom homesites across 200 acres.

The development plan includes:

• Private gated entrance with 24-hour security
• Dedicated community amenity center
• Extensive natural open space preserves
• Carefully designed streetscapes and landscaping
• Dark sky lighting requirements to preserve night views
• Strict architectural guidelines ensuring design excellence

Unlike some of Summerlin’s other luxury neighborhoods where production builders offer semi-custom homes.

Altura is being positioned primarily as a true custom home community.

Allowing buyers to work with approved architects and builders to create one-of-a-kind residences.

The Astra at La Madre Peaks development promises a range of impressive community features and amenities that cater to its luxury residents.

This master-planned community offers gated enclave homes within an upscale community setting.

Residents can enjoy a large clubhouse and amenity center, designed for relaxation and socializing.

Security measures guarantee peace of mind, while panoramic views enhance the living experience.

Part of Broader Luxury Expansion

The new enclave is part of The Howard Hughes Corporation’s strategic focus on the ultra-luxury segment.

Following the success of other premium Summerlin communities such as The Ridges and The Summit Club.

This strategy responds to increased demand from affluent buyers seeking to relocate to Nevada for lifestyle benefits and tax advantages.

Industry analysts note that while the broader housing market may experience cyclical fluctuations.

The ultra-luxury segment has shown remarkable resilience in Las Vegas, particularly in master-planned communities with strong amenities and established reputations.

Development Timeline and Future Prospects

The Howard Hughes Corporation has indicated that infrastructure development for the new enclave will begin in the second quarter of this year.

With the first homesites ready for construction by early 2026.

Complete buildout of the community is expected to take approximately five to seven years, depending on market conditions.

The company is implementing strict development timelines to ensure that buyers begin construction within 24 months of purchase.

Preventing land banking or speculation that might delay the community’s completion.

Since the Las Vegas Planning Commission approved plans for the Astra development in early 2023, the project has progressed through various stages.

The development timeline shows that 81 lots were approved on about 78 acres, marking the beginning of this luxury housing project.

In October 2024, custom addressing for 44 lots received approval, indicating movement in residential zoning efforts.

The pace of development is slow, with initial plots sold representing just the first phase.

Future prospects suggest that Astra will be among the last developed areas in Summerlin, promising exclusive community features and high demand for the remaining lots.

Real estate analysts view the timing of this land release as strategic.

Coinciding with increased migration to Nevada from higher-tax states and growing interest in Las Vegas as a luxury destination beyond gaming and entertainment.

Economic Impact

Beyond the immediate revenue generated from land sales, the development is expected to have significant economic impact on the Las Vegas Valley.

With finished homes likely to range from $5 million to over $20 million.

The project represents:

• Substantial construction employment opportunities
• Increased property tax revenue for Clark County
• Enhanced reputation for Las Vegas as a luxury home destination
• Attraction of high-net-worth individuals to the region

Local economic development officials have welcomed the announcement.

Noting that ultra-luxury residential communities help diversify the region’s economy by attracting executives, entrepreneurs, and investors who often bring business opportunities with them.

Environmental Considerations

Howard Hughes develops luxury homebuyers paradise has emphasized its commitment to sustainable development practices within the new enclave.

The plan includes:

• Preservation of natural washes and drainage patterns
• Drought-tolerant landscaping requirements
• Energy efficiency standards for new homes
• Protection of wildlife corridors
• Minimal disruption to natural topography

These measures address growing concerns about water usage and environmental impact in the desert region while maintaining the aesthetic appeal that makes the location so valuable.

Market Outlook

“This development represents confidence in the long-term strength of Las Vegas’ ultra-luxury market,” commented John Burns, real estate consultant and market analyst.

“While there may be short-term fluctuations in the broader housing market, the limited supply of premium land in prime locations ensures these parcels will retain and likely increase in value over time.”

For potential buyers and investors interested in this rare Summerlin developer selling land opportunity.

The Howard Hughes Corporation is establishing an application process requiring financial pre-qualification.

Given the exclusive nature of the offering and the limited number of homesites available, competition for the most desirable parcels is expected to be intense.

As Summerlin approaches its build-out after more than three decades of development.

Altura may represent one of the final opportunities to acquire new custom homesites in what has become one of America’s most successful and prestigious master-planned communities.

Market Context and Comparisons to Other Luxury Enclaves

As luxury housing continues to thrive in Summerlin, the Astra at La Madre Peaks project stands out among elite developments.

With its red rock canyon proximity, Astra offers an upscale lifestyle that appeals to high-end buyers.

This exclusive enclave features panoramic views and is designed for those seeking luxury housing.

Compared to other affluent neighborhoods like The Ridges and The Summit Club, Astra’s pricing reflects its desirable location and unique offerings.

Real estate experts expect demand for Astra lots to rise, further solidifying its status as a premier choice in the luxury market.

The project is set to attract discerning buyers looking for the ultimate living experience.

Summerlin Developer Selling Land in New Luxury Housing Enclave for Millions Conclusion

To summarize, Astra at La Madre Peaks is set to be a standout luxury housing development in Summerlin.

With high demand already evident from early sales, it is clear that this enclave will attract wealthy buyers seeking upscale living.

The scenic views, premium features, and strong interest suggest that prices will likely rise as more Summerlin developer selling land and lots become available.

As development continues, Astra is poised to become a highly desirable community in Southern Nevada’s real estate market.

When buying or selling Las Vegas homes for sale.

Contact an experienced Realtor!

Summerlin Developer Selling Land in New Luxury Housing Enclave for Millions

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