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.
is surrounded by water on three sides and soothed by the sound of an adjacent waterfall, and exterior landscaping bleeds into the interior spaceThe home sits on 1.26 acres and features views of the mountains and the strip, two outdoor kitchens, three interconnected pools, nine fire features, a floating staircase and an executive office with a private entrance.
VM001's energy management system uses a photovoltaic solar array with 300 panels and has a battery backup system to make sure the home can function, even if disconnected from the power grid. The system is optimized to draw and push power at the best rates.... [+] "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.
Routh-Silberman believes the home was a bargain at $25 million and anticipates pricier homes will hit the market in the coming years. In 2019, LVR's Multiple Listing Service reported 531 Southern Nevada homes and high-rise condos selling for $1 million or more. That number topped 766 in 2020 and was 759 as of the end of June 2021. The total number of properties selling for $5 million or more was 10 in 2019, topped 32 in 2020 and totaled 26 at the end of June 2021.
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