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ugust saw a slowdown in the ultra‑high‑end residential market, with the most expensive transaction—a $7.6 million sale—coming from Red Rock Country Club. The 10,780‑sq‑ft, 7‑bed, 9‑bath home sits on 0.7 acres, was built in 2005, and features an eight‑car garage accessed by a three‑story elevator. Luxury Estates International’s Kamran Zand represented both sides. The listing highlighted vaulted ceilings, expansive balconies, a gourmet kitchen, two family rooms, two wet bars, a wine‑cellar basement, and a resort‑style backyard with pool, grotto, waterfall, waterslide, covered kitchen, and poolside bath. The property backs onto a golf course and offers views of the Las Vegas Strip and Downtown Summerlin. Zand noted that the summer heat and travel slowed high‑end sales, but he expects record‑setting deals later in the year.
In August there were 145 closings, the fewest since January and the lowest in July since 2022, with an average price of $1.92 million. Homes lingered on the market longer—10 months versus 9 in July and 7 in March, according to Berkshire Hathaway Home Services’ Forrest Barbee. While no single‑family home sold for $7 million, nine properties closed above $4 million, up from five in August 2024 and 12 in 2023 (Rob Jensen, Rob Jensen Co). Ivan Sher of IS Luxury agreed that August’s dip was due to buyers traveling, but he predicts a surge by late September or early October, returning the market to its traditional rhythm.
**Top Six August Sales**
1. **$7.6 million – Red Rock Country Club**
*10,780 sq ft, 7 beds, 9 baths, 8‑car garage, 0.7 acres, built 2005*
*Listing & selling agent: Kamran Zand (Luxury Estates International)*
Features: three‑story elevator, vaulted ceilings, balconies, gourmet kitchen, two family rooms, two wet bars, wine cellar, resort‑style backyard, pool, grotto, waterfall, waterslide, covered kitchen, poolside bath, golf‑course backdrop, Strip and Summerlin views.
2. **$6.4 million – The Ridges, Summerlin**
*8,397 sq ft, 5 beds, 6 baths, 4‑car garage, 0.63 acres, built 2004*
*Listing agent: Madison Blau (IS Luxury)*
Highlights: single‑story open‑concept layout, high ceilings, glass walls framing golf‑course and mountain views, gourmet kitchen, spa‑like primary suite, indoor‑outdoor flow, large pool. Buyers seek view‑centric homes; the market remains insulated, with solid high‑end inventory.
3. **$5.95 million – The Ridges**
*5,794 sq ft, 5 beds, 6 baths, 4‑car garage, built 2017*
*Listing agent: Kamran Zand; buyer’s agent: Ivan Sher*
Contemporary design backs onto the Summit Club. Zand notes the community’s private golf club, replacing Bear’s Best, drives demand for country‑club living.
4. **$4.97 million – MacDonald Highlands**
*5,000 sq ft, 4 beds, 4 baths, 3‑car garage, 0.28 acres, built 2017*
*Listing agent: Russell Arnold (The Agency Las Vegas); buyer’s agent: Ashley Holbrook (Real Broker LLC)*
Modern elegance with panoramic Strip, valley, and mountain views. Features a chef’s kitchen with Wolf and Sub‑Zero appliances, media room, four en‑suite bedrooms, oversized garage, heated pool, spa, built‑in fire features for sunset viewing.
5. **$4.17 million – MacDonald Highlands**
*7,341 sq ft, 4 beds, 6 baths, 4‑car garage, 0.88 acres, built 2022*
*Listing agent: Ashley Toussaint (Douglas Elliman of Nevada); buyer’s agent: John Richardson (Real Broker LLC)*
Resort‑style single‑story home with marble floors, European‑style cabinetry, indoor‑outdoor flow. Chef’s kitchen with imported stone, high‑end appliances, butler’s pantry. Additional flex space includes gym, extra living room, wet bar. Backyard boasts pool, spa, BBQ area, pergola.
6. **$3.72 million – Lake Las Vegas**
*7,690 sq ft, 6 beds, 8 baths, 4‑car garage, 0.35 acres, built 2022*
*Listing agent: Kassandra Niotta (Douglas Elliman of Nevada); buyer’s agent: David Foresi (Douglas Elliman)*
Two‑story modern residence overlooking Lake Las Vegas and surrounding mountains, located in the double‑gated Caliza community. Features include a pool, spa, bar, game room, sky deck, and a blend of elegance and tranquility.
**Market Outlook**
The summer’s heat and travel patterns slowed high‑end transactions, but analysts expect a rebound in the fall as vacations end and school resumes. Ivan Sher anticipates increased activity by late September or early October, while Madison Blau projects a pick‑up in the market when buyers return from trips. The luxury segment remains insulated from broader market fluctuations, maintaining steady demand for properties with exceptional views, resort amenities, and proximity to private golf clubs.
