NOT LISTED FOR SALE

Estimated Value: $5,531,000 - $5,816,468

5 Beds
8 Baths
7,747 Sq Ft
$727/Sq Ft Est. Value

Last Sold March 19, 2024

Last sale price $5,150,000 $665 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $34,386/month

140 Days on Market

Highlights

  • Accessory Dwelling Unit (ADU)
  • Golf Course Community
  • Heated In Ground Pool
  • Judy & John L. Goolsby Elementary School Rated A-
  • Fitness Center
  • Solar Power System

About This Home

As of March 2024

Newly Renovated Quality Built Custom Estate in Promontory, located in most exclusive section of The Ridges / Bear's Best Golf Club. The House has a welcoming bridge over a Koi pond which leads to a grand entry opening up to this bright house with an excellent floor plan which flows effortlessly from room to room. The recent $1.5M update includes a sleek European kitchen w/top-of-the-line Miele appliances. Great entertainment spaces such as a lanai w/pocketing glass doors opening to the impressive, large lush yard complete water features, 2 POOLS/Spa, Waterfall, Fire Pits, Waterslides, Outdoor Kitchen w/Bars, Lawns, Garden, Swim up Bar & 120K+in Trees! Inside you will find, new lighting, large family room, casual dining room & formal dining/living. All of the bedrooms are a generous size, all w/walk-in closets & bathrooms. Topping things of you have a movie theater, loft, den ideal for homework or gaming and an attached 1bed/1bath Casita. Best of all the home has a NetZero Solar System!

Last Listed By

Zar Zanganeh

The Agency Las Vegas License #BS.1000811 Listed on: 10/30/2023

The Agency Las Vegas

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $26,801

Year Built

  • Built in 2005

Lot Details

  • 0.55 Acre Lot
  • Cul-De-Sac
  • East Facing Home
  • Block Wall Fence
  • Drip System Landscaping
  • Backyard Sprinklers
  • Garden
  • Back Yard Fenced
  • Property is in excellent condition

HOA Fees

Parking

  • 4 Car Attached Garage
  • Parking Storage or Cabinetry
  • Inside Entrance
  • Garage Door Opener

Home Design

  • Flat Roof Shape
  • Tile Roof

Interior Spaces

  • 7,747 Sq Ft Home
  • 2-Story Property
  • 3 Fireplaces
  • Fireplace With Glass Doors
  • Gas Fireplace
  • Great Room
  • Tile Flooring
  • Mountain Views

Kitchen

  • Double Oven
  • Built-In Gas Oven
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer
  • Sink Near Laundry
  • Laundry Cabinets

Pool

  • Heated In Ground Pool
  • Spa
  • Waterfall Pool Feature

Outdoor Features

  • Balcony
  • Covered patio or porch
  • Built-In Barbecue

Schools

  • Goolsby Elementary School
  • Fertitta Frank & Victoria Middle School
  • Durango High School

Utilities

  • Two cooling system units
  • High Efficiency Air Conditioning
  • Central Heating and Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Underground Utilities

Additional Features

  • Solar Power System
  • Accessory Dwelling Unit (ADU)

Community Details

Overview

  • Association fees include management, ground maintenance, security
  • The Ridges Association, Phone Number (702) 869-0937
  • Summerlin Village 18 Phase 1 Subdivision

Recreation

  • Golf Course Community
  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Community Spa
  • Park
  • Dog Park
  • Jogging Path

Security

  • Security Guard
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$26,801

Year Built

Built in 2005

Lot Details

0

HOA Fees

$592 per month

Parking

4

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.55
  • Subdivision Name: Summerlin Village 18 Phase 1
  • Directions: Flamingo & 215, W on Flamingo, L on Marble Ridge, R on Ridgestone, L on Promontory Ridge, 2nd L On morning Sky, Morning Sky becomes Golden Sunray, L on Misty Peaks.
  • Architectural Style: Two Story
  • Carport Y N: No
  • Garage Yn: Yes
  • Efficiency: Solar Panel(s)
  • Property Attached Yn: No
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 2005
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 2005

Interior Features

  • Furnished: Unfurnished
  • Private Spa: Yes
  • Appliances: Built-In Gas Oven, Double Oven, Dryer, Disposal, Refrigerator, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 3
  • Three Quarter Bathrooms: 2
  • Possible Bedrooms: 8
  • Total Bedrooms: 5
  • Fireplace Features: Gas, Glass Doors, Great Room, Primary Bedroom
  • Fireplaces: 3
  • Fireplace: Yes
  • Flooring: Tile
  • Interior Amenities: Bedroom on Main Level, None, Additional Living Quarters
  • Living Area: 7747.0

Exterior Features

  • Fencing: Block, Back Yard
  • Lot Features: 1/4 to 1 Acre Lot, Back Yard, Cul-De-Sac, Drip Irrigation/Bubblers, Desert Landscaping, Garden, Sprinklers In Rear, Landscaped, Rocks
  • Pool Features: Heated, In Ground, Private, Waterfall, Association, Community
  • Pool Private: Yes
  • View: Mountain(s)
  • View: Yes
  • Direction Faces: East
  • Exterior Features: Built-in Barbecue, Balcony, Barbecue, Patio, Private Yard, Sprinkler/Irrigation
  • Other Structures: Guest House
  • Patio And Porch Features: Balcony, Covered, Patio
  • Property Condition: Excellent, Resale
  • Roof: Flat, Tile

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4.0
  • Parking Features: Attached, Garage, Garage Door Opener, Inside Entrance, Shelves

Utilities

  • Laundry Features: Cabinets, Gas Dryer Hookup, Main Level, Laundry Room, Sink, Upper Level
  • Security: Gated Community
  • Cooling: Central Air, Electric, High Efficiency, 2 Units
  • Cooling Y N: Yes
  • Heating: Central, Gas, Multiple Heating Units
  • Heating Yn: Yes
  • Electric: Photovoltaics None
  • Sewer: Public Sewer
  • Utilities: Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Pool
  • Senior Community: No
  • Amenities: Dog Park, Fitness Center, Golf Course, Gated, Jogging Path, Park, Pool, Guard, Spa/Hot Tub, Security, Tennis Court(s)
  • Association #2 Fee: 535.0
  • Association #2 Fee Frequency: Monthly
  • Association Fee: 57.0
  • Association Fee Frequency: Monthly
  • Association Name: The Ridges
  • Phone: 702-869-0937
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Association Management, Maintenance Grounds, Security

Schools

  • Elementary School: Goolsby, Judy & John,Goolsby, Judy & John
  • High School: Durango
  • Middle Or Junior School: Fertitta Frank & Victoria

Lot Info

  • Horse Amenities: None
  • Lot Size Sq Ft: 23958.0
  • Additional Parcels Description: ---
  • Zoning Description: Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 26801.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2021
Closed on
Jul 30, 2021
Sold by
Kwok Wilfred F and Gregory & Grace S Kwok Fam Pro
Bought by
Gantchev Gueorgui
Seller's Agent
Gavin Ernstone
Simply Vegas
Buyer's Agent
Zar Zanganeh
The Agency Las Vegas
List Price
$3,750,000
Sold Price
$3,700,000
Premium/Discount to List
-$50,000
-1.33%
Total Days on Market
140
Current Estimated Value
$5,630,156

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,930,156
Avg. Annual Appreciation
11.98%
Original Mortgage
$2,960,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 4, 2011
Sold by
Kwok Gregory M and Shin Kwok Grace S
Bought by
The Gregory & Grace S Kwok Family Protec

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$611,100
Interest Rate
4.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 13, 2010
Sold by
The Gregory & Grace S Kwok Family Protec
Bought by
Kwok Gregory M and Shin Kwok Grace S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$611,100
Interest Rate
4.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 2006
Sold by
Kwok Gregory M and Kwok Grace Sunhae Shin
Bought by
The Gregory & Grace S Kwok Family Protec

Purchase Details

Closed on
Nov 29, 2005
Sold by
Gantchev Gueorgui
Bought by
Dev And Kirthiga Reddy Living Trust and Reddy

Purchase Details

Closed on
Apr 21, 2004
Sold by
Kwok Wilfred F
Bought by
Kwok Gregory M and Kwok Grace Sunhae Shin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,755,000
Interest Rate
4.12%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 16, 2003
Sold by
Kwok Gregory M and Shin Grace S
Bought by
Gregory & Grace S Kwok Family Protection

Purchase Details

Closed on
Feb 8, 2002
Sold by
Howard Hughes Properties Inc
Bought by
Kwok Gregory M and Shin Grace S

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gantchev Gueorgui $3,700,000 Wfg National Title Compan
The Gregory & Grace S Kwok Family Protec -- None Available
Kwok Gregory M -- First American Title Paseo
The Gregory & Grace S Kwok Family Protec -- None Available
Dev And Kirthiga Reddy Living Trust $5,150,000 Chicago Title
Kwok Gregory M -- United Title Of Nevada
Gregory & Grace S Kwok Family Protection -- --
Kwok Gregory M $375,000 Nevada Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gantchev Gueorgui $1,300,000
Previous Owner Gantchev Gueorgui $0
Previous Owner Gantchev Gueorgui $2,960,000
Previous Owner Kwok Gregory M $611,100
Previous Owner Kwok Gregory M $1,755,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2024 03/19/24 Sold $5,150,000 -11.2% $665 / Sq Ft
10/30/2023 10/30/23 For Sale $5,800,000 +56.8% $749 / Sq Ft
08/06/2021 08/06/21 Sold $3,700,000 -1.3% $478 / Sq Ft
07/07/2021 07/07/21 Pending -- -- --
06/09/2021 06/09/21 For Sale $3,750,000 -- $484 / Sq Ft
Source: Las Vegas REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $28,432 $1,265,414 $280,000 $985,414
2024 $26,327 $1,265,414 $280,000 $985,414
2023 $26,327 $1,134,107 $192,500 $941,607
2022 $26,801 $1,069,077 $175,000 $894,077
2021 $24,816 $1,023,608 $175,000 $848,608
2020 $23,039 $1,014,400 $175,000 $839,400
2019 $21,592 $1,007,322 $175,000 $832,322
2018 $20,603 $979,377 $175,000 $804,377
2017 $28,972 $986,729 $175,000 $811,729
2016 $19,272 $942,129 $168,000 $774,129
2015 $19,801 $884,802 $107,100 $777,702
2014 $19,239 $844,877 $147,000 $697,877
Source: Public Records

Agents Affiliated with this Home

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Source: Las Vegas REALTORS®

MLS Number: 2538288

Las Vegas REALTORS®

APN: 164-14-211-027