Land Sale Generates More Than $49.7 Million for Projects
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Las Vegas --The Bureau of Land Management (BLM) today sold 414.93 acres in 30 parcels for $49,745,000 during a competitive-public-land sale. The agency offered 516.18 acres, in 40 parcels, under the Southern Nevada Public Land Management Act (SNPLMA).
The parcels offered for sale varied in size from 1.25 acres to 160 acres.
Successful bidders included:
Location | Size | Fair Market Value | Purchase Price | Successful Bidder | Parcel Number |
Norellat & Feather Haven Court | 2.5 acres | $240,000 | $240,000 | Ronald G. Johlfs | N-92824 |
Robindale & Lindell | 2.5 acres | $600,000 | $600,000 | American West Development, Inc. | N-92825 |
Cougar & Edmond | 5 acres | $800,000 | $800,000 | Ramak Roohani | N-92828 |
Torino & Sorrell | 7.5 acres | $825,000 | $935,000 | Minh Thoai Ly and Binh Diem Lu | N-92829 |
Ford & Torrey Pines | 5 acres | $550,000 | $610,000 | American West Development, Inc. | N-92831 |
Torino & Mann | 5 acres | $550,000 | $570,000 | Aman Lal | N-92833 |
El Camino & Ford | 7.5 acres | $825,000 | $985,000 | Malik Umer Zahid | N-92834 |
Jones & Torino | 5 acres | $1,150,000 | $1,150,000 | Mosaic Land Fund Two, LLC | N-92835 |
Montessouri & Shelbourne | 15 acres | $4,350,000 | $6,000,000 | American West Development, Inc. | N-92836 |
Valadez & Camero | 10 acres | $1,150,000 | $1,710,000 | Pardee Homes | N-92937 |
Serene & Hualapai | 33.92 acres | $4,240,000 | $7,700,000 | Lewis Investment Company of Nevada | N-92838 |
Tee Pee & Serene | 12.5 acres | $2,000,000 | $2,000,000 | Lewis Investment Company of Nevada | N-92839 |
Tee Pee & Gary | 5 acres | $775,000 | $775,000 | Mosaic Land Fund Two, LLC | N-92840 |
Grand Canyon & Meranto | 2.5 acres | $400,000 | $400,000 | Lewis Investment Company of Nevada | N-92841 |
Fort Apache & Gomer | 7.5 acres | $1,160,000 | $1,630,000 | Mosaic Land Fund Two, LLC | N-92842 |
Gomer & Grand Canyon | 5 acres | $725,000 | $1,185,000 | Mosaic Land Fund Two, LLC | N-92843 |
Edmond & Gary | 7.5 acres | $1,875,000 | $1,875,000 | American West Development, Inc. | N-92845 |
Lindell & Richmar | 2.5 acres | $225,000 | $310,000 | Malik Umer Zahid | N-92846 |
Edmond & Richmar | 5 acres | $1,300,000 | $1,300,000 | American West Development, Inc. | N-92848 |
Lindell & Meranto | 7.5 acres | $675,000 | $695,000 | Khusrow Roohani | N-92849 |
Lindell & JoRay | 2.5 acres | $500,000 | $500,000 | American West Development, Inc. | N-92852 |
Lindell & Pyle | 17.5 acres | $1,580,000 | $1,580,000 | NV Energy | N-92853 |
Jones & Starr Hills | 160 acres | $4,340,000 | $5,150,000 | Tomblaine Associates, LLC | N-92855 |
Landberg & Schuster | 18.75 acres | $4,430,000 | $4,540,000 | Tesori LLC | N-92857 |
Valley View & Silverado Ranch | 1.25 acres | $390,000 | $640,000 | Ghassan Merhi | N-92858 |
Schuster & Le Baron | 8.75 acres | $1,660,000 | $1,725,000 | Tesori LLC | N-92859 |
Schrills & Pyle | 2.5 acres | $250,000 | $250,000 | Eric Persson | N-92860 |
La Cienega & Starr | 7.5 acres | $1,275,000 | $1,335,000 | D.R. Horton, Inc. | N-92862 |
Gilespie & Neal | 5 acres | $1,200,000 | $1,510,000 | D.R. Horton, Inc. | N-92863 |
Olympia Summit & Golf Estates | 37.26 acres | $1,045,000 | $1,045,000 | Ghassan Merhi | N-92864 |
All successful bidders paid the required 20 percent of the bid by 3p.m. today. The remainder of the bid is due within 180 days. Unsold parcels will be offered in future land sales.
In accordance with the SNPLMA, monies 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.