Land Sale Generates More Than $32.6 Million for Projects
Organization
BLM Office:
Media Contact:
Las Vegas --The Bureau of Land Management (BLM) today sold 260.93 acres in 22 parcels for $32,608,500 during a competitive public land sale. The agency offered 625.52 acres, in 33 parcels, under the Southern Nevada Public Land Management Act (SNPLMA). Parcels offered for sale varied in size from 1.25 to 98.75 acres and were located in the Las Vegas Valley.
Successful bidders included:
Location | Size | Fair Market Value | Purchase Price | Successful Bidder | Parcel Number |
Ann & Hualapai | 25.93 acres | $2,460,000 | $2,460,000 | Vegas Capital Ventures | N-93581 |
Washburn & Rosada | 10 acres | $950,000 | $950,000 | GHR Holdings, LLC | N-93588 |
Tropical & Mitchelli Crest | 25 acres | $2,375,000 | $2,405,000 | D.R. Horton | N-93593 |
Ford & Buffalo | 2.5 acres | $238,000 | $238,000 | Dariush Imani | N-93596 |
Ford & Buffalo | 2.5 acres | $238,000 | $238,000 | Dariush Imani | N-93597 |
Serene & Chieftain | 2.5 acres | $587,500 | $660,000 | Vision Commercial One, LLC | N-93598 |
Agate & Rosanna | 17.5 acres | $3,237,500 | $3,237,500 | Nevada West Partners 5, LLC | N-93599 |
Gomer & Tenaya | 37.5 acres | $3,560,000 | $3,960,000 | Greystone Nevada, LLC dba Lennar, US Home | N-93600 |
Meranto & Tenaya | 5 acres | $475,000 | $495,000 | Ramak Roohani | N-93602 |
Meranto & Montessori | 17.5 acres | $1,660,000 | $1,720,000 | D.R. Horton | N-93603 |
Richmar & Rainbow | 7.5 acres | $710,000 | $710,000 | Vision Commercial One, LLC | N-93604 |
Pyle & Hinson | 1.25 acres | $120,000 | $260,000 | American West Development | N-93605 |
Pyle & Valley View | 3.75 acres | $535,000 | $690,000 | American West Development | N-93606 |
Erie & Gilespie | 5 acres | $500,000 | $610,000 | Kimberly LLC | N-93607 |
Siddal & Gilespie | 12.5 acres | $1,250,000 | $1,510,000 | Ramak Roohani | N-93608 |
Chartan & Bermuda | 42.5 acres | $3,910,000 | $5,010,000 | D.R. Horton | N-93609 |
Chartan & Gilespie | 2.5 acres | $250,000 | $310,000 | Ronald Camacho | N-93610 |
Chartan & La Cienaga | 2.5 acres | $250,000 | $250,000 | Ramak Roohani | N-93611 |
Starr & La Cienaga | 2.5 acres | $350,000 | $420,000 | Kimberly LLC | N-93612 |
Starr & Placid | 15 acres | $2,140,000 | $2,140,000 | American West Development | N-93613 |
Pyle & Procyon | 5 acres | $800,000 | $1,335,000 | American West Development | N-93721 |
Frias & Valley View | 15 acres | $2,700,000 | $3,000,000 | American West Development | N-93722 |
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 (May 16, 2016).
In accordance with the joint selection process, unsold parcels must be renominated 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.