The Story Behind The Record-Breaking Sale That Redefined Las Vegas Real Estate

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The Story Behind The Record-Breaking Sale That Redefined Las Vegas Real Estate
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Vegas Modern 001 sold for $25 million, a record for a residential home sale in Las Vegas, forever changing luxury real estate in the desert city.

in 2004, but he has been walking construction sites since childhood, framing and building homes with his father, a custom home builder in Vegas. Jones started working for architecture firms in high school, went to college, and founded his firm at 25.

During a trip to Dragon's Reserve, the group took a four-wheeler. No daily driver would get them there; there were no roads. They surveyed the land and the view. Then, MacDonald got down in the dirt and carved out a plan for the lot. The location moved slightly, one lot over; Jones didn't like the feel of the original site. Decision made, the four stood together for the groundbreaking for VM001. At the time, they were considering a $10 million house. But the project grew.

"Vegas Modern 001 is named for our design philosophy," Jones explains."The home is designed first and foremost to be an experienced center for our custom home division and as a physical representation to communicate our design philosophy to our clients. This is a way for us to demonstrate what our team and our firm are capable of," Jones says.

"It's challenging to do this on a large scale. This home has 80 tons of steel integrated with the concrete foundation and water features and these massive pocket doors and big expansive glass walls," he says.Routh-Silberman, who sold Wayne Newton's house for $19.5 million in 2010, is familiar with the local real estate scene. She says Jones is a unique talent."From a design standpoint, this home is super advanced.

Jones shares the vision and is buying as much land in Las Vegas as he can get his hands on."Clearly, everything is changing rapidly – especially, in the ultraluxury market — so I would not be surprised to see $35 million and $50 million homes in Las Vegas in the coming years," Jones says.According to Las Vegas Realtors, through the end of June 2021, area agents have sold as many multimillion-dollar homes as were sold in 2020.

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