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.
Source: U.S. Department of the Interior, Bureau of Land Management
