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