Las Vegas --The Bureau of Land Management (BLM) today sold 357.59 acres in 13 parcels for $19,220,000 during a competitive-public-land sale. The agency offered 597.59 acres, in 29 parcels, under the Southern Nevada Public Land Management Act (SNPLMA). The parcels offered for sale varied in size 1.25 to 247.6 acres.
Successful bidders included:
Location
Size
Fair Market Value
Purchase Price
Successful Bidder
Parcel Number
Cougar & Rosanna
2.5 acres
$600,000
$600,000
Khusrow Roohani
N-93072
Ford & Rosanna
2.5 acres
$600,000
$600,000
Khusrow Roohani
N-93074
Augusta Course & Royal Course
17.5 acres
$2,200,000
$2,200,000
Olympia Land, LLC
N-93075
Torino & Quarterhorse
5 acres
$1,500,000
$1,600,000
KB Home Las Vegas, Inc.
N-81949
Raven & Blanco Vista
5 acres
$1,600,000
$1,600,000
KB Home Las Vegas, Inc.
N-93078
Agate & Miller
10 acres
$1,350,000
$1,350,000
Khusrow Roohani
N-93079
Jo Rae & Arville
1.25 acres
$150,000
$210,000
Khusrow Roohani
N-93080
Jo Rae & Hinson
3.75 acres
$400,000
$570,000
American West Development, Inc.
N-93081
Pyle & Le Baron
12.5 acres
$1,350,000
$2,520,000
Riaz Rohani
N-84197
Hollywood & Cheyenne
247.59 acres
$1,850,000
$1,850,000
Sao Tome, LLC
N-91124
Warm Springs & Lisbon
10 acres
$550,000
$550,000
D. R. Horton, Inc.
N-93062
Venice & Lisbon
15 acres
$1,320,000
$1,410,000
D. R. Horton, Inc.
N-93071
Corp Limit & Radcliff
25 acres
$2,500,000
$4,160,000
American West Development, Inc.
N-80739
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 (Nov. 2, 2015).
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, 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
