Extraordinary Residential Development Site
Extraordinary Residential Development Site ± 157 Acres with ± 560 Acre-feet of Water Rights Located in the heart of Pahrump, NV
Bill Lenhart 702.365.5200 C: 702.275.0036 [email protected]
Rose Marie Wren [email protected]
PROPERTY INFORMATION Size: APN: Zoning: PLU:
± 157 Acres ± 560 Acre-Feet of Water Rights 027-451-06 , 07, 08, 09, 11, 12, 13 Residential Residential
Submarket: Location: Jurisdiction: Price:
Information is deemed to be reliable but is not guaranteed. The Buyer should conduct an independent investigation to determine the suitability of the property.
Pahrump Winery Rd & Parsons Rd Nye County $1,500,000
The subject property is located on the sloping hillside of Southern Pahrump offering scenic views of the valley. Owner is a Nevada Real Estate licensee.
Bill Lenhart 702.365.5200
C: 702.275.0036 [email protected]
Rose Marie Wren [email protected]
Pahrump Zoning and Master Plan Maps Information is deemed to be reliable but is not guaranteed. The Buyer should conduct an independent investigation to determine the suitability of the property.
Bill Lenhart 702.365.5200
C: 702.275.0036 [email protected]
Rose Marie Wren [email protected]
Nye County Assessor's Parcel Map Information is deemed to be reliable but is not guaranteed. The Buyer should conduct an independent investigation to determine the suitability of the property.
Bill Lenhart 702.365.5200
C: 702.275.0036 [email protected]
Rose Marie Wren [email protected]
Lake Mead National Recreation Area
Las Vegas
Mount Charleston
Pahrump
Proximity Las Vegas – Less than a 1 hour drive Information is deemed to be reliable but is not guaranteed. The Buyer should conduct an independent investigation to determine the suitability of the property.
Bill Lenhart 702.365.5200
C: 702.275.0036 [email protected]
Rose Marie Wren [email protected]
Pahrump’s economy continues to grow and thrive. Since 2014, more than 450 new business licenses have been issued. New homes are on the rise as well with more than 225 new home building permits issued between July 2015 and May 2016.1 In the past decade alone, Nye County records show that developers received approval to build more than 17,000 new homes.2 Development seeks to support a staggering population growth of 300% since 2003.3 Job growth is a healthy 0.84% with a projected figure of 33% over the next decade.4
Pahrump population has grown an astounding 372% since 1990.4
1 – Town of Pahrump 2 – Las Vegas Sun 3 – Nye County 4 – Best Places
Photo by Mountain Falls Golf Club
Continued Economic Growth in Pahrump Information is deemed to be reliable but is not guaranteed. The Buyer should conduct an independent investigation to determine the suitability of the property.
Bill Lenhart 702.365.5200
C: 702.275.0036 [email protected]
Rose Marie Wren [email protected]
Why Pahrump? Pahrump has all the amenities of a big city while still maintaining its small town charm. Located just an hour west of Las Vegas, Pahrump serves as a snowbird destination in the winter and a popular weekend destination for those seeking adventure. Among the activities Pahrump offers include: • Motorsports • Off-road adventures • Wineries • Firearms training • Golf • Jetpacking Additionally, Pahrump is just a short drive from Death Valley National Park and Hoover Dam. Check out some of the many amenities Pahrump has to offer here.
Explore activities, accommodations, and events by visiting the Town of Pahrump’s website: Pahrump, True Nevada
Information and photo are courtesy of the Town of Pahrump
Information is deemed to be reliable but is not guaranteed. The Buyer should conduct an independent investigation to determine the suitability of the property.
Bill Lenhart 702.365.5200
C: 702.275.0036 [email protected]
Rose Marie Wren [email protected]
Why Now The recovery of the real estate market has been under realized in secondary markets, until now. Many of the market characteristics that created demand for new homes in Pahrump in the early 2000s are beginning to reoccur and we believe that the time may be appropriate for owners of “Extraordinary Properties” to consider the current market opportunities. Why Now: Pahrump is characterized as a “secondary market” or “bedroom community” to its primary “feeder market” which is Las Vegas. Consumer demand is driven by value, affordability, and lifestyle. Over the last three years, land prices in Las Vegas have increased to near the Post-Peak highs. As a result, the price of new homes in Las Vegas has increased at a faster rate than household incomes which means that more entry-level home buyers must look outside of Las Vegas to find a home that they can afford.
Information is deemed to be reliable but is not guaranteed. The Buyer should conduct an independent investigation to determine the suitability of the property.
Bill Lenhart 702.365.5200
C: 702.275.0036 [email protected]
Rose Marie Wren [email protected]
Nevada is Growing Nevada is the 3rd fastest growing state in country.
Land in Las Vegas is Supply Constrained Las Vegas land is supply constrained with an estimated 14 year supply. In addition, much of the remaining developable land is on the perimeter of the valley and it is very expensive to extend the infrastructure required for development.
Information is deemed to be reliable but is not guaranteed. The Buyer should conduct an independent investigation to determine the suitability of the property.
Bill Lenhart 702.365.5200
C: 702.275.0036 [email protected]
Rose Marie Wren [email protected]
Bill Lenhart 702.365.5200 C: 702.275.0036 [email protected]
Rose Marie Wren [email protected]
PROPERTY INFORMATION Size: APN: Zoning: PLU:
± 157 Acres ± 560 Acre-Feet of Water Rights 027-451-06 , 07, 08, 09, 11, 12, 13 Residential Residential
Submarket: Location: Jurisdiction: Price:
Information is deemed to be reliable but is not guaranteed. The Buyer should conduct an independent investigation to determine the suitability of the property.
Pahrump Winery Rd & Parsons Rd Nye County $1,500,000
The subject property is located on the sloping hillside of Southern Pahrump offering scenic views of the valley. Owner is a Nevada Real Estate licensee.
Bill Lenhart 702.365.5200
C: 702.275.0036 [email protected]
Rose Marie Wren [email protected]
Pahrump Zoning and Master Plan Maps Information is deemed to be reliable but is not guaranteed. The Buyer should conduct an independent investigation to determine the suitability of the property.
Bill Lenhart 702.365.5200
C: 702.275.0036 [email protected]
Rose Marie Wren [email protected]
Nye County Assessor's Parcel Map Information is deemed to be reliable but is not guaranteed. The Buyer should conduct an independent investigation to determine the suitability of the property.
Bill Lenhart 702.365.5200
C: 702.275.0036 [email protected]
Rose Marie Wren [email protected]
Lake Mead National Recreation Area
Las Vegas
Mount Charleston
Pahrump
Proximity Las Vegas – Less than a 1 hour drive Information is deemed to be reliable but is not guaranteed. The Buyer should conduct an independent investigation to determine the suitability of the property.
Bill Lenhart 702.365.5200
C: 702.275.0036 [email protected]
Rose Marie Wren [email protected]
Pahrump’s economy continues to grow and thrive. Since 2014, more than 450 new business licenses have been issued. New homes are on the rise as well with more than 225 new home building permits issued between July 2015 and May 2016.1 In the past decade alone, Nye County records show that developers received approval to build more than 17,000 new homes.2 Development seeks to support a staggering population growth of 300% since 2003.3 Job growth is a healthy 0.84% with a projected figure of 33% over the next decade.4
Pahrump population has grown an astounding 372% since 1990.4
1 – Town of Pahrump 2 – Las Vegas Sun 3 – Nye County 4 – Best Places
Photo by Mountain Falls Golf Club
Continued Economic Growth in Pahrump Information is deemed to be reliable but is not guaranteed. The Buyer should conduct an independent investigation to determine the suitability of the property.
Bill Lenhart 702.365.5200
C: 702.275.0036 [email protected]
Rose Marie Wren [email protected]
Why Pahrump? Pahrump has all the amenities of a big city while still maintaining its small town charm. Located just an hour west of Las Vegas, Pahrump serves as a snowbird destination in the winter and a popular weekend destination for those seeking adventure. Among the activities Pahrump offers include: • Motorsports • Off-road adventures • Wineries • Firearms training • Golf • Jetpacking Additionally, Pahrump is just a short drive from Death Valley National Park and Hoover Dam. Check out some of the many amenities Pahrump has to offer here.
Explore activities, accommodations, and events by visiting the Town of Pahrump’s website: Pahrump, True Nevada
Information and photo are courtesy of the Town of Pahrump
Information is deemed to be reliable but is not guaranteed. The Buyer should conduct an independent investigation to determine the suitability of the property.
Bill Lenhart 702.365.5200
C: 702.275.0036 [email protected]
Rose Marie Wren [email protected]
Why Now The recovery of the real estate market has been under realized in secondary markets, until now. Many of the market characteristics that created demand for new homes in Pahrump in the early 2000s are beginning to reoccur and we believe that the time may be appropriate for owners of “Extraordinary Properties” to consider the current market opportunities. Why Now: Pahrump is characterized as a “secondary market” or “bedroom community” to its primary “feeder market” which is Las Vegas. Consumer demand is driven by value, affordability, and lifestyle. Over the last three years, land prices in Las Vegas have increased to near the Post-Peak highs. As a result, the price of new homes in Las Vegas has increased at a faster rate than household incomes which means that more entry-level home buyers must look outside of Las Vegas to find a home that they can afford.
Information is deemed to be reliable but is not guaranteed. The Buyer should conduct an independent investigation to determine the suitability of the property.
Bill Lenhart 702.365.5200
C: 702.275.0036 [email protected]
Rose Marie Wren [email protected]
Nevada is Growing Nevada is the 3rd fastest growing state in country.
Land in Las Vegas is Supply Constrained Las Vegas land is supply constrained with an estimated 14 year supply. In addition, much of the remaining developable land is on the perimeter of the valley and it is very expensive to extend the infrastructure required for development.
Information is deemed to be reliable but is not guaranteed. The Buyer should conduct an independent investigation to determine the suitability of the property.
Bill Lenhart 702.365.5200
C: 702.275.0036 [email protected]
Rose Marie Wren [email protected]
