Land sale generates almost $21.7 million for projects
Organization:
BLM Office:
Media Contact:
LAS VEGAS --The Bureau of Land Management (BLM) today sold 68.75 acres in 16 parcels for $21,684,000 during a competitive public land sale. The agency offered 87.5 acres in 20 parcels, under the Southern Nevada Public Land Management Act (SNPLMA). Parcels offered for sale varied in size from 1.25 to 10 acres and were located in the Las Vegas Valley.
Sale parcels are nominated by local governments, often after interested parties express interest in purchasing them.
Successful bidders included:
Location | Size | Fair Market Value | Purchase Price | Successful Bidder | Parcel Number |
Eula St & Tropical Pkwy | 5 acres | $750,000 | $800,000 | DR Horton Inc. | N-80692 |
Jensen St & El Campo Grande Ave | 5 acres | $750,000 | $750,000 | DR Horton Inc. | N-80695 |
Park St & El Campo Grande Ave | 5 acres | $700,000 | $700,000 | DR Horton Inc. | N-80701 |
Ruffian Rd & Corbett St | 5 acres | $700,000 | $830,000 | Liberty Homes Las Vegas LLC | N-95744 |
Hualapai Way & Corbett St | 2.5 acres | $350,000 | $350,000 | Liberty Homes Las Vegas LLC | N-95745 |
Miller Ln & Mesa Verde Ln | 5 acres | $1,900,000 | $3,400,000 | American West | N-95746 |
Buffalo Dr & Mesa Verde Ln | 5 acres | $1,900,000 | $2,500,000 | American West | N-95747 |
Miller Ln & Windmill Ln | 5 acres | $1,900,000 | $3,160,000 | American West | N-95748 |
Buffalo Dr. & Windmill Ln. | 2.5 acres | $950,000 | $950,000 | American West | N-95749 |
Buffalo Dr & Windmill Ln | 2.5 acres | $950,000 | $950,000 | American West | N-95750 |
Shelbourne Ave & Decatur Blvd | 5 acres | $800,000 | $800,000 | Michael Kember | N-94200 |
Durango Dr & Shelbourne Ave | 10 acres | $2,150,000 | $2,150,000 | David Uber | N-95751 |
Torremolinos Ave & Rumrill St | 5 acres | $1,700,000 | $1,730,000 | KB Homes Las Vegas Inc. | N-79927 |
Polaris St & Cactus Ave | 2.5 acres | $1,450,000 | $1,910,000 | Umer Malik | N-94549 |
Las Vegas Blvd & Roban Ave | 2.5 acres | $475,000 | $635,000 | Omni Family LP | N-95754 |
Centennial Pkwy & Alpine Ridge Way | 1.25 acres | $29,000 | $69,000 | Lindsey White | N-95755 |
All successful bidders paid the required 20 percent of the bid by 3:30 p.m. today. The remainder of the bid is due within 180 days.
In accordance with the joint selection process, unsold parcels must be re-nominated for consideration at future land sales by the local government.
In accordance with the SNPLMA, funds generated from the sale of public land may be used for specific purposes including parks, trails, and natural areas; capital improvements, conservation initiatives; and for the purchase of environmentally sensitive lands. Additionally, 10 percent of the funds will go to the Southern Nevada Water Authority, and five percent will go to the Nevada State General Education Fund.
The BLM manages more than 245 million acres of public land located primarily in 12 western states, including Alaska, on behalf of the American people. The BLM also administers 700 million acres of sub-surface mineral estate throughout the nation. Our mission is to sustain the health, diversity, and productivity of America’s public lands for the use and enjoyment of present and future generations.