Land Sale Generates Almost $75 Million for Projects
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LAS VEGAS --The Bureau of Land Management (BLM) today sold 461.37 acres in 20 parcels for $74,623,000 during a competitive public land sale. The agency offered to sell almost 755 acres in 40 parcels, under the Southern Nevada Public Land Management Act (SNPLMA). Parcels offered for sale varied in size from 1.25 to almost 189 acres and were located in the Las Vegas Valley.
Successful bidders included:
Location | Size | Fair Market Value | Purchase Price | Successful Bidder | Parcel Number |
Ann Rd. & Park St. | 10 acres | $1,600,000 | N/A | N/A | N-95251 |
Hammer Ln. & Grand Canyon Dr. | 10 acres | $1,600,000 | N/A | N/A | N-95252 |
Stephen Ave. & Tee Pee Ln. | 10 acres | $1,550,000 | N/A | N/A | N-95253 |
Hammer Ln. & Tee Pee Ln. | 10 acres | $1,550,000 | N/A | N/A | N-95254 |
Ann Rd. & Tee Pee Ln. | 10 acres | $1,400,000 | N/A | N/A | N-95255 |
Ann Rd. & Fort Apache Rd. | 10 acres | $1,400,000 | N/A | N/A | N-95256 |
Hammer Ln. & Stephen Ave. | 5 acres | $625,000 | N/A | N/A | N-95257 |
Rosada Way & Tee Pee Ln. | 10 acres | $1,600,000 | N/A | N/A | N-93589 |
Ann Rd. & El Capitan Way | 10 acres | $1,600,000 | N/A | N/A | N-93590 |
Ann Rd. & Campbell | 10 acres | $1,550,000 | N/A | N/A | N-95260 |
Hammer Ln. & Kevin Way | 10 acres | $1,550,000 | N/A | N/A | N-95261 |
El Campo Grande & Egan Crest Dr. | 5 acres | $625,000 | $625,000 | Raymond C. Newmiller & Todd O’Bier | N-95263 |
La Mancha Ave. & Eagan Crest Dr. | 5 acres | $625,000 | N/A | N/A | N-95264 |
Ann Rd. & Egan Crest Dr. | 5 acres | $625,000 | N/A | N/A | N-95265 |
Helena Ave. & Grand Canyon Dr. | 27.5 acres | $3,988,000 | $3,988,000 | Ken Templeton Realty and Investment Inc. | N-79508 |
Helena Ave. & Grand Canyon Dr. | 20 acres | $3,200,000 | N/A | N/A | N-95267 |
Ford Ave. & Duneville St. | 3.75 acres | $1,000,000 | N/A | N/A | N-95268 |
Blue Diamond Rd. & Inspiration Dr. | 2.5 acres | $260,000 | $340,000 | LV Torrey Pines LLC | N-95269 |
Mountains Edge Pkwy. & Fort Apache Rd. | 15 acres | $4,425,000 | $4,425,000 | Ladd Gilbert | N-95270 |
Mountains Edge Pkwy. & Fort Apache Rd. | 23.75 acres | $622,000 | $2,000,000 | Ladd Gilbert | N-95271 |
Oleta Ave. & Kingston Rd. | 5 acres | $790,000 | $850,000 | Leslie Blake | N-95272 |
Silverado Ranch Blvd. & Valley View Blvd. | 1.25 acres | $350,000 | $800,000 | Silver View Capital Management | N-92858 |
Haleh Ave. & Arville St. | 2.5 acres | $325,000 | $375,000 | Joseph A. Kennedy | N-95274 |
Haleh Ave. & Schirlls St. | 2.5 acres | $325,000 | N/A | N/A | N-92861 |
Frias Ave. & Schirlls St. | 2.5 acres | $325,000 | $375,000 | LV Frias Hinson LLC | N-94212 |
Loretta Ln. & Rivero St. | 5 acres | $2,500,000 | N/A | N/A | N-95277 |
Washburn Rd. & Grand Canyon Dr. | 10 acres | $1,600,000 | N/A | N/A | N-93587 |
Hickam St. & Grand Canyon Dr. | 17.5 acres | $2,870,000 | $2,870,000 | Ken Templeton Realty and Investment Inc. | N-91842 |
Ann Rd. & Washburn Rd. | 120 acres | $11,100,000 | $11,100,000 | Upgrowth NV LLC | N-95279 |
Ann Rd. & Beltway | 10 acres | $1,600,000 | $1,600,000 | Ann & 215 LLC | N-95280 |
Washburn Rd. & Grand Canyon Dr. | 40 acres | $5,800,000 | N/A | N/A | N-95281 |
Summerlin Pkwy. & Cimarron | 5 acres | $1,050,000 | $2,200,000 | Omni Family LP | N-95282 |
Summerlin Pkwy. & Cimarron | 10 acres | $2,450,000 | $4,250,000 | Summerlin Pkwy & Cimarron, LLC | N-95283 |
Kyle Canyon Rd. & Shaumber Rd. | 5 acres | $425,000 | $425,000 | Kingsbarn Land Ventures, LLC | N-95284 |
Kyle Canyon Rd. & Alpine Ridge Way | 5 acres | $425,000 | $610,000 | Kingsbarn Land Ventures, LLC | N-84158 |
Iron Mountain & Hualapai Way | 5 acres | $500,000 | $1,510,000 | Kingsbarn Land Ventures, LLC | N-95286 |
Ann Rd. & Gaisford St. | 5 acres | $550,000 | $550,000 | International, LLC | N-95287 |
Ann Rd. & Gaisford St. | 5 acres | $550,000 | $630,000 | International, LLC | N-95288 |
Losee Rd. & 215 | 188.877 acres | $30,220,000 | $35,100,000 | American West Development, Inc. | N-95289 |
Lamb Blvd. & 215 | 97.16 acres | $15,100,000 | N/A | N/A | N-95290 |
All successful bidders paid the required 20 percent of the bid by 3 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.
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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.