Las Vegas developers acquire 940 desert acres for $94M to build 6,000-home community
A large parcel of former federal desert land near Las Vegas has been purchased for $94 million in what is described as the biggest Bureau of Land Management transaction in the valley in decades. The site will be developed into Monument Hills, a master-planned community offering up to 6,000 homes along with various resident amenities. Revenue generated from the land sale will be directed toward public projects across Nevada, including parks and education initiatives. The first homes in the new community are expected to hit the market around spring 2028.
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