LAS VEGAS --The Bureau of Land Management (BLM) today sold 68.75 acres in 16 parcels for $21,684,000 during a competitive public land sale. The agency offered 87.5 acres in 20 parcels, under the Southern Nevada Public Land Management Act (SNPLMA). Parcels offered for sale varied in size from 1.25 to 10 acres and were located in the Las Vegas Valley.
Sale parcels are nominated by local governments, often after interested parties express interest in purchasing them.
Successful bidders included:
Location
Size
Fair Market Value
Purchase Price
Successful Bidder
Parcel Number
Eula St & Tropical Pkwy
5 acres
$750,000
$800,000
DR Horton Inc.
N-80692
Jensen St & El Campo Grande Ave
5 acres
$750,000
$750,000
DR Horton Inc.
N-80695
Park St & El Campo Grande Ave
5 acres
$700,000
$700,000
DR Horton Inc.
N-80701
Ruffian Rd & Corbett St
5 acres
$700,000
$830,000
Liberty Homes Las Vegas LLC
N-95744
Hualapai Way & Corbett St
2.5 acres
$350,000
$350,000
Liberty Homes Las Vegas LLC
N-95745
Miller Ln & Mesa Verde Ln
5 acres
$1,900,000
$3,400,000
American West
N-95746
Buffalo Dr & Mesa Verde Ln
5 acres
$1,900,000
$2,500,000
American West
N-95747
Miller Ln & Windmill Ln
5 acres
$1,900,000
$3,160,000
American West
N-95748
Buffalo Dr. & Windmill Ln.
2.5 acres
$950,000
$950,000
American West
N-95749
Buffalo Dr & Windmill Ln
2.5 acres
$950,000
$950,000
American West
N-95750
Shelbourne Ave & Decatur Blvd
5 acres
$800,000
$800,000
Michael Kember
N-94200
Durango Dr & Shelbourne Ave
10 acres
$2,150,000
$2,150,000
David Uber
N-95751
Torremolinos Ave & Rumrill St
5 acres
$1,700,000
$1,730,000
KB Homes Las Vegas Inc.
N-79927
Polaris St & Cactus Ave
2.5 acres
$1,450,000
$1,910,000
Umer Malik
N-94549
Las Vegas Blvd & Roban Ave
2.5 acres
$475,000
$635,000
Omni Family LP
N-95754
Centennial Pkwy & Alpine Ridge Way
1.25 acres
$29,000
$69,000
Lindsey White
N-95755
All successful bidders paid the required 20 percent of the bid by 3:30 p.m. today. The remainder of the bid is due within 180 days.
In accordance with the joint selection process, unsold parcels must be re-nominated 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
