Welcome to Lake Las Vegas

------------------------------

You found the right website if you are searching for homes for sale in Lake Las Vegas, NV. My website has EVERY Lake Las Vegas home for sale in Nevada listed with Las Vegas Realtors (LVR).

My goals are to help you purchase the right home, make sure you don’t miss out on any homes that meet your needs, and make sure you don’t pay too much for your next home. Please utilize my Lake Las Vegas, Nevada real estate expertise to make your home search and buying experience as stress free and rewarding as possible.

I utilize the latest, cutting-edge, real estate marketing tools to get your house aggressively marketed to sell as quickly as possible and for the best price! My goals are to help you get your Lake Las Vegas, NV home sold, put you in the strongest negotiating position as possible, and to make it easier for you and reduce surprises.

Browse Available Lake Las Vegas Properties for Sale

Living in Lake Las Vegas

------------------------------

Lake Las Vegas in Henderson, Nevada, refers to a 320-acre (130 ha) reservoir and the 3,592-acre (1,454 ha) developed area around the reservoir. The area is sometimes referred to as the Lake Las Vegas Resort. It is being developed by 5 companies including Lake at Las Vegas Joint Venture LLC.

The area includes three resorts including the Aston MonteLago Village Resort, the Westin Lake Las Vegas Resort, and the Hilton Lake Las Vegas.

The earthen impoundment that forms the reservoir is 192 ft (59 m) tall, 4,800 ft (1,500 m) in length, and 716 ft (218 m) wide at its base. It contains roughly the same amount of dirt as Hoover Dam does concrete, and impounds 10,000 acre-feet (12,000,000 m3) of water. Since the reservoir was built in the channel of the Las Vegas Wash — the valley’s only storm runoff outlet — A bypass was built for the wash beneath the reservoir and dam allowing it to remain connected to Lake Mead via two 96-inch (2.4 m) diameter pipes. The bypass is a flood control measure, allowing flood waters to be diverted under the reservoir into Lake Mead with the rest be absorbed by Lake Las Vegas, itself. After falling into substantial disrepair, the pipes — which are owned by the city of Henderson, but maintained by the resort — were repaired in 2009 at a cost of $3 million.

Actor J. Carlton Adair conceived Lake Las Vegas around 1967 as Lake Adair. At the time he purchased the land and water rights. In 1987, Ronald Boeddeker acquired 2,000 acres (810 ha) from the US Government when Adair went bankrupt. The property was acquired by Transcontinental Properties in 1990. That same year, the developers began the diversion of 3 billion US gal (11 million m3) of water from the Las Vegas Wash to fill the reservoir. In 1995, Henry Gluck, the former chairman and chief executive officer of Caesars World, became the co-Chairman of Transcontinental Properties. With Sid Bass and Lee Bass, two billionaires from Fort Worth, Texas, he developed the new community. The project cost US $5 billion.

Lake at Las Vegas Joint Venture, LLC filed for Chapter 11 bankruptcy on July 17, 2008. Debts were estimated at between $500 million and $1 billion. Lake Las Vegas emerged from bankruptcy in July 2010 with a plan that took nearly two years to complete. All existing debt was wiped away and the development has $30 million in hand to complete several of the unfinished infrastructure projects. The Lake Las Vegas bankruptcy creditors, not Lake Las Vegas development themselves, have filed a lawsuit against the former insiders (Bass Brothers, TransContinental, etc.). The creditors’ theory is that the $500 million equity loan the former insiders took against the property caused the demise of Lake Las Vegas. The creditors are hoping to recoup money from the former insiders. In a related action, resort property owners are suing lender Credit Suisse as part of a multibillion-dollar lawsuit led by bankrupt Yellowstone Club founder Timothy Blixseth and his son Beau Blixseth who claim the Lake Las Vegas Joint Venture bankruptcy was caused by a “loan to own” scheme between the bank and resort developers. The golf course was purchased by Nevada South Shore LLC, a Hawaii-based corporation for $4.5 million on February 17, 2011. The Ritz Carlton, Lake Las Vegas, closed after 8 years of operation on May 2, 2010. The Ritz Carlton was then reopened by international boutique hotelier Dolce Hotels on February 11, 2011, as the Ravella at Lake Las Vegas. On April 30, 2013, Kam Sang Co. announced that the Ravella would be renamed the Hilton Lake Las Vegas, the name under which the hotel continues to operate. The Hilton opened June 6, 2013.

Lake Las Vegas was the subject of a lawsuit between investment fund Claymore Holdings and Credit Suisse, which was the agent for a syndicate of entities that loaned $540 million to develop the property. Claymore and others accused Credit Suisse of fraudulently inflating the value of the development in order to generate higher fees for itself. The core of the allegations centered on a new appraisal methodology conceived of by Credit Suisse executive David Miller, who in internal emails is referred to as Credit Suisse’s Dr. Frankenstein. In 2015, a Texas judge ordered Credit Suisse to pay $288 million to Highland, Claymore and others. The verdict was partially offset by other payments to Highland, meaning that Claymore received most of the Credit Suisse judgment. That Judgment was reversed by the Texas Supreme Court in April 2020, and Claymore’s Judgment was reduced to $26 million (plus interest).

Casino MonteLago was opened on May 8, 2003, having been built by Cook Inlet Region, Inc., an Alaska Native shareholder owned corporation. The casino closed for the first time on March 14, 2010, due to the Great Recession; but on May 26, 2011, after renovation, the casino re-opened to the public. In November 2012, the casino was acquired along with the Ravella at Lake Las Vegas for a total of $47 million by Kam Sang Co., a California-based real estate developer. The casino closed for the second time on October 29, 2013, as a result of a lease dispute between Kam Sang and the casino’s operators. In the beginning of 2016, the facility reopened as the Lake Las Vegas Event Center, hosting special events, exhibits and entertainment. It is attached to the Hilton Lake Las Vegas and accessible from MonteLago Village.

Content Courtesy of Wikipedia.org

Newly Available Lake Las Vegas Properties

------------------------------

What's Your Lake Las Vegas Home Worth?

Setting the right price matters! Get your FREE home valuation created by a real person by filling in the form below.

Lake Las Vegas Schools

Nearby Lake Las Vegas Businesses

------------------------------
Yardbird 4.5 star rating 6661 reviews
3355 Las Vegas Blvd S
Las Vegas, NV 89109

(702) 297-6541

Gordon Ramsay Hell's Kitchen 4.5 star rating 8715 reviews
3570 Las Vegas Blvd S
Las Vegas, NV 89109

(702) 731-7373

Shang Artisan Noodle 4.5 star rating 3533 reviews
4983 W Flamingo Rd
Ste B
Las Vegas, NV 89103

(702) 888-3292

Momofuku 4.0 star rating 3395 reviews
3708 Las Vegas Blvd S
Level 2
Boulevard Tower
Las Vegas, NV 89109

(702) 698-2663

888 Japanese BBQ 5.0 star rating 2296 reviews
3550 S Decatur Blvd
Las Vegas, NV 89103

(702) 476-5033

Carson Kitchen 4.5 star rating 3107 reviews
124 S 6th St
Ste 100
Las Vegas, NV 89101

(702) 473-9523

El Dorado Cantina - Las Vegas Strip 4.5 star rating 4993 reviews
3025 Sammy Davis Jr Dr
Las Vegas, NV 89109

(702) 722-2289

Oyster Bar 4.5 star rating 3410 reviews
2411 W Sahara Ave
Las Vegas, NV 89102

(702) 367-2411

The Laundry Room 4.5 star rating 615 reviews
525 E Fremont St
Las Vegas, NV 89101

The Golden Tiki 4.5 star rating 2159 reviews
3939 W Spring Mountain Rd
Las Vegas, NV 89102

(702) 222-3196

SkyBar 4.5 star rating 620 reviews
3752 Las Vegas Blvd S
Las Vegas, NV 89158

(702) 590-8888

Here Kitty Kitty Vice Den 4.0 star rating 126 reviews
3000 S Las Vegas Blvd
Las Vegas, NV 89109

Velveteen Rabbit 4.5 star rating 488 reviews
1218 S Main St
Las Vegas, NV 89104

(702) 685-9645

Frankie's Tiki Room 4.5 star rating 1144 reviews
1712 W Charleston Blvd
Las Vegas, NV 89102

(702) 385-3110

The Dorsey 4.0 star rating 309 reviews
3377 S Las Vegas Blvd
Las Vegas, NV 89109

(866) 659-9643

Horse Trailer Hideout 5.0 star rating 61 reviews
1506 S Main St
Las Vegas, NV 89104

(702) 720-2630

Whole Foods Market 4.0 star rating 564 reviews
6689 Las Vegas Blvd
Las Vegas, NV 89119

(702) 589-7711

Albertsons 2.5 star rating 79 reviews
1300 E Flamingo Rd
Las Vegas, NV 89119

(702) 733-2947

Walmart Supercenter 2.5 star rating 183 reviews
6005 S Eastern Ave
Las Vegas, NV 89119

(702) 451-8900

WinCo Foods 4.0 star rating 310 reviews
80 N Stephanie St
Henderson, NV 89074

(702) 558-5364

WinCo Foods 4.0 star rating 251 reviews
6101 N Decatur Blvd
Las Vegas, NV 89130

(702) 395-1359

SPROUTS FARMERS MARKET 3.5 star rating 245 reviews
4020 S Rainbow Blvd
Las Vegas, NV 89103

(702) 876-4888

Walmart Supercenter 2.0 star rating 268 reviews
4505 W Charleston Blvd
Las Vegas, NV 89102

(702) 258-4540

WinCo Foods 3.5 star rating 86 reviews
7501 W Washington Ave
Las Vegas, NV 89128

Gäbi Coffee & Bakery 4.5 star rating 3189 reviews
5808 Spring Mountain Rd
Ste 104
Las Vegas, NV 89146

(702) 331-1144

Mothership Coffee Roasters 4.5 star rating 226 reviews
1028 Fremont St
Las Vegas, NV 89101

(725) 735-4539

Better Days Coffee & Acai 4.5 star rating 96 reviews
8635 W Rome Blvd
Ste 100
Las Vegas, NV 89149

(702) 569-1982

The Writer's Block 4.5 star rating 210 reviews
519 S 6th St
Ste 100
Las Vegas, NV 89101

(702) 550-6399

Caffeine Machine 4.5 star rating 122 reviews
4520 S Hualapai Way
Ste 109
Las Vegas, NV 89147

(702) 444-0471

Bungalow Coffee 4.5 star rating 140 reviews
201 E Charleston Blvd
Ste 180
Las Vegas, NV 89104

(702) 331-4201

Sunrise Coffee 4.5 star rating 1527 reviews
3130 E Sunset Rd
Ste A
Las Vegas, NV 89120

(702) 433-3304

Vesta Coffee Roasters 4.5 star rating 580 reviews
1114 S Casino Center Blvd
Las Vegas, NV 89104

(702) 685-1777

Las Vegas Athletic Club 2.5 star rating 470 reviews
2655 Maryland Pkwy
Las Vegas, NV 89109

(702) 835-5822

Real Results Fitness 5.0 star rating 43 reviews
1201 S Commerce St
Las Vegas, NV 89102

(702) 331-3172

Fit Club LV 4.5 star rating 11 reviews
4525 W Hacienda Ave
Las Vegas, NV 89118

(702) 665-4115

Sin City Iron 5.0 star rating 39 reviews
2900 E Patrick Ln
Ste 4B
Las Vegas, NV 89120

(702) 405-0980

24 Hour Fitness - Las Vegas Summerlin 3.0 star rating 203 reviews
2090 Village Center Cir
Las Vegas, NV 89134

(702) 360-2408

Life Time 3.5 star rating 307 reviews
10721 W Charleston Blvd
Las Vegas, NV 89135

(702) 228-2611

Powerhouse Gym Las Vegas 5.0 star rating 2 reviews
1950 S Rainbow Blvd
Ste 105
Las Vegas, NV 89146

(702) 444-4018

EōS Fitness 4.0 star rating 475 reviews
8125 W Sahara Ave
Ste 100
Las Vegas, NV 89117

(702) 463-2277

Pet Kingdom USA 3.5 star rating 170 reviews
2470 E Tropicana Ave
Ste C
Las Vegas, NV 89121

(702) 451-9123

Puppy Town 4.0 star rating 351 reviews
6870 W Spring Mountain Rd
Ste 9
Las Vegas, NV 89146

(702) 971-6270

PetSmart 3.0 star rating 74 reviews
1261 S Decatur Blvd
Las Vegas, NV 89102

(702) 870-8200

Puppy Boutique Las Vegas 4.0 star rating 179 reviews
4343 N Rancho Dr
Ste 244
Las Vegas, NV 89130

(702) 658-8820

Dog Supplies Outlet 5.0 star rating 204 reviews
2960 St Rose Pkwy
Ste 170
Henderson, NV 89052

(702) 901-7557

PetSmart 3.0 star rating 85 reviews
5915 S Eastern Ave
Las Vegas, NV 89119

(702) 736-5003

Petco 3.0 star rating 113 reviews
3577 S Rainbow Blvd
Las Vegas, NV 89103

(702) 253-7800

Healthy Tails 5.0 star rating 136 reviews
8457 W Lake Mead Blvd
Las Vegas, NV 89128

(702) 656-1700