New Megaresort Casino Planned

Steve Wynn, mastermind behind the Mirage, Treasure Island, and the Bellagio, is putting together a new project for the Las Vegas strip. The $2.7 billion Wynn Las Vegas will be a towering bronze glass palace, and will compete directly with some of the other lavish resorts he himself designed.



The continued evolution of the strip can mean only good things for the local housing market. One of the major forces behind the continued boom of Las Vegas real estate is the continuing success of the job market in this unique town. If Wynn's newest gambit succeeds, it will mean lots of jobs for local workers. And any new tourists it brings in may just mean a few more people opting to purchase their next home in this beautiful city.

Las Vegas Property To Be Less Vulnerable To Government Seizure

According to KRNV news in Reno, the Nevada State Assembly has just approved a bill that would require more rigorous standards for local governments to be able to invoke eminent domain and seize privately owned property for the purposes of redevelopment. As it currently stands, local area governments are only required to have the property categorized as a “blight.” The new legislation would dictate that the property also meet other criteria, and that the agency looking to redevelop the property approach the owner with an offer before asking the government to step in.



Considering how the demand is now for Las Vegas real estate, eminent domain issues have a good chance of becoming more commonplace in the coming months and years. If the Senate also approves this law, Las Vegas real estate owners will reap the benefits, knowing that their property is better protected against government interference.

Las Vegas Condo Shoppers Excited About Hard Rock Hotel High Rise Project

Las Vegas condo shoppers should be on the lookout - an extremely prominent new real estate project will be coming to the real estate listings beginning May 1. The Hard Rock Hotel is launching a big, beautiful new high rise condominium community to add to its property holdings. The 24 acre development will be situated just next to the Hard Rock Hotel and Casino, and will feature 800 condo hotel units, 372 high luxury high rise condos, and 36 private beachside villas.



A particular draw - the 800 hotel condo units, named "The Flats," will be a great home-away-from-home, as the units can be posted into the hotel inventory, allowing owners to partake in room rental earnings when they are away.



The homes will truly be a sight to behold. A grand total of 5 high rise buildings will be raised, all with pane glass exteriors and glossy, modern interior designs. In addition, the property will likewise be acquiring a new Boardwalk with individual beach and 300 yard pool. Asking prices will straddle a broad range, from $400,000 to $900,000 for the basic hotel condos, up into the high $2million vicinity for the personal beach bungalows.



Look to this to become one of the most in-demand listings for Las Vegas condo purchasers this summer!