Archive for February 15th, 2005

Dragonridge Country Club Debuts at MacDonald Highlands

Tuesday, February 15th, 2005

The brand new Dragonridge Country Club at MacDonald Highlands is 27,000 square feet and beautifully designed to blend into the mountain terrain. The two-story building sits on a plateau right behind the 18th green. In a triumph of desert architecture, the profile of the mountains just behind and the profile of the clubhouse itself visually integrate to a stunning degree. The Dragonridge Country Club was honored by Southwest Contractor Magazine with it’s 2004 “Best Interior Project over $5 million”. The 27,000-square-foot clubhouse features extensive stone and glass. It includes a dining room, two mixed grills and lounges, a fitness facility, swimming pool and pro shop. An expansion to the clubhouse to accommodate large events is slated begin soon as well. Dragonridge Country Club is a private facility. The Dragonridge golf course is set into the canyons, among arroyos and rock outcroppings, and maximizes elevation changes as you wind through 18 spectacular holes. A complimentary social membership to the country club is provided to owners upon application approval. Different packages are available, and include golf, sport, corporate and social membership for residents and nonresidents of MacDonald Highlands. MS Las Vegas Real Estate would be happy to arrange a tour of MacDonald Highlands homes and the new Dragonridge Country Club.

Reno Gazette Journal Interviews Michelle

Tuesday, February 15th, 2005

Vegas condos gain steam, but what lies ahead? Jeff Burbank SPECIAL TO THE RENO GAZETTE-JOURNAL2/14/2005 10:03 pm LAS VEGAS ? About 80 percent of the 1,092 condominium units that real estate mogul Donald Trump put up for sale in October have been reserved.Clark County Commissioners approved eight new condo projects ? a total of 24 buildings ? during a meeting Feb. 2.More than 60 condo projects have either been approved or are under construction in Las Vegas, thanks the surging cost of acreage.Bare, undeveloped land sold by the Bureau of Land Management this month went for $263,000 an acre, up from about $160,000 in 2002. An acre with water, power and other services can go upwards of $500,000, and more than double that on the Strip.Trying to make sense of the current mania for condos ? high rise, medium and low-rise, is veteran Las Vegas real estate saleswoman Michelle Sterling, for whom condo sales has become a lucrative sideline.Among the units she sells, the most expensive are the high risers overlooking the Strip ? one goes for $2.3 million, another $3.1 million, and still another $3.9 million.?The price of land is going up faster than we?re used to, and developers want to look at creative use for the land,? said Sterling, who?s been a Realtor for 10 years and works for Liberty Realty in Las Vegas. One thing she?s learned is that many patrons who plunk down hundreds of thousands for a high-rise condo don?t stay in town that much.?A lot of people want to live here, but not necessarily full time,? said Sterling. ?A lot of those on the Strip enjoy coming to Las Vegas several times a year and want a place to stay. A lot see it as a good investment.?Others are locals who?ve decided to chuck their detached homes.?I?m hearing the term ?lock and leave? a lot, people who don?t want to worry about their yards or security anymore,? Sterling said. Still others stay briefly, then offer their units for rent, although managers of some high rises prohibit renting, Sterling said. Some permit six-month or one-year leases, and others ? such as Trump?s pending building, and the planned Majestic Las Vegas ? mix condos for sale with hotel rooms for rent (and separate entrances for both).Units in the Turnberry and Park Tower condo towers, which were the first of the new condo projects on the scene several years ago, have gone up 30 percent since then, Sterling said. And it?s hard to get anything for less than $500,000 in town. New condos offered by Trump are going for as much as $700,000, with a minimum of $20,000 to hold one, Sterling said.Whether all of those 60 condo projects OK?d by the county are built, is ?an unknown,? Sterling said.?(Condo sales) will remain like any kind of housing market,? she added. ?We?ve never seen this many built. But it?s always difficult to compare Las Vegas to anywhere else. I?ve been here 25 years and I?ve never seen how we?re like anybody else.? Jeff Burbank is a Las Vegas free-lance business writer who covers Southern Nevada business-related issues for the Reno Gazette-Journal.Copyright ? 2005 The Reno Gazette-Journal