What's the deal with Cadence?
Just between Old Henderson and Lake Las Vegas lies Cadence, a 2,200-acre up-and-coming master-planned development in the southeast valley off Lake Mead Parkway. It’s among the first master-planned communities to be developed in Southern Nevada in over 10 years. RCLCO and John Burns Real Estate Consulting recently named Cadence one of the top 25 best-selling master-planned communities in the United States, where over 700 families make their home. When it’s completed, Cadence will include a total of 13,250 homes. Although the community is only about 10 percent of the size of Summerlin, Cadence aspires to similar status.
Cadence was in the works as early as 2004, but the market crash halted progress on the project. Difficulties also arose in its efforts to get away from Henderson’s industrial past. Today, the median sale price of homes in Cadence is $339,975, and the average age of homes in the community is one to three years old. Several homes in the master-planned development start in the mid $200s. Plus, homeowners’ association fees (HOA) in the community are fairly low at only $35 a month, according to the Las Vegas Review-Journal. However, homes also sell at even higher prices in the high $400 to high $600 range. At completion, Cadence is slated to have 1.1 million square feet of commercial property and a 1,500-room casino-resort, although there’s still no word on plans for the hotel in the near future.
Currently, developers like CalAtlantic Homes, Lennar, and Woodside Homes are building in the development. Last August, per the Las Vegas Review-Journal, Richmond American Homes announced Encore, its fourth Cadence community featuring homes between 2,000 and 2,600 square feet with prices starting in the low $300s. Richmond American Homes also broke ground in December on its new neighborhood Sonatina, while Virtuoso (its other community) began selling in April. Virtuoso features three- to four-bedroom homes ranging between 1,450 and 1,800 square feet with prices starting in the high $200s.
Cadence also has a 55+ community from Lennar called Heritage at Cadence, a neighborhood designed specifically to offers an all-inclusive lifestyle to active adults aged 55 and over. Homes prices start in the low $300s.
This area in the southeast valley is in development: A 140,000 square-foot Smith’s is slated for the area, although the company has not yet announced an opening date even as they plan two more stores in the Valley. Also, several schools in the area, like Lake Mead Christian Academy and Pinecrest Academy, opened in 2016. Legacy Traditional School is also in the construction phase.
Despite the fact that Cadence and its surrounding area is not yet complete, part of what makes this community a popular choice with buyers is the 450 acres of open space that abounds in Cadence. In the center of it all is a 50-acre play area aptly named Central Park, where a free bike share program allows residents and guests to explore the outdoor areas of the community. The park also includes a 2,000 square-foot splash pad area, six-lane lap pool, playground, and access to walking trails. Interestingly, the area also offers free Wi-Fi and charging outlets within the park. There are even pickleball courts, presumably because of the sport’s popularity among local seniors. Cadence also holds regular events like the Decadence Food Festival, which will return in September due to popular demand.
Also, the home designs themselves do feature luxury accents like cobblestone driveways, brick accents, metal railing balconies, and hardwood flooring along with patios, decks, and courtyards like those in Woodside Homes’ development. In many of the homes, rooftop solar panels are an upgrade and motion-sensing LEDs along the sidewalks save energy by only using 30 percent of full power unless walkers are within 20 feet.
While Cadence is still in development, there’s no doubt that buyers are beginning to take notice of the once-fledgling community now thriving.