Luxury real estate in Summerlin is booming. Howard Hughes Corp. and Discovery Land Company recently announced The Summit, a 555-acre project just minutes from Red Rock Canyon and Downtown Summerlin and nine miles from The Strip. 

Close to luxury community The Ridges, this gated golf community is expected to consist of 262 residential units and 136 custom homesites. The master plan map showcases a community where most residents will enjoy 360-degree views of both Red Rock and The Strip.

“We think our builders are going to do almost a thousand homes this year,” Kevin Orrock, president of Summerlin for The Howard Hughes Corp., told Vegas Magazine. “Coming out of the recession in 2011, our builders did 200 homes. That’s how dramatically this market has changed.” 

Although homes are still under construction, The Summit’s $90 million 18-hole golf course is open. While golf courses are often open to paying members, only residents of the master-planned community who pay the $200,000 membership fee will have access to the luxury course and clubhouse. Having an ultra-exclusive golf club fits with the community where home prices will range from under $3 million to about $10 million.

Point Villas rendering courtesy of The Summit

Homebuyers can choose from a variety of residences that include clubhouse suites, golf cottages, club villas, desert bungalows, and point villas. These luxury homes range from 1,288 to 5,341 square feet. Homeowners will enjoy a close proximity to luxury pools, a local market and bakery, full-service spa, yoga studio, kids camp, and dining options. Other bonuses to living in this community include access to 150 miles of trails and parks as well as security professionals.

“The value of these lots was something Vegas had never seen before,” Kamran Zand, broker and founder of Luxury Estates International told Vegas Magazine. “But after getting over that, buyers have been showing up in flocks to acquire property and build their dream homes.”

The Las Vegas Review-Journal reports that homeowner’s association fees will be $15,000 annually. They also report that 83 of the 136 custom lots have already been sold and an estimated 85 percent of buyers are local. The Summit expects to welcome its first residents as soon as the end of 2018.