Custom lot in McDonald Highlands sells for $10 million per acre valuation analyzed

During the recent Clark County Board of Equalization meeting, discussions centered around the valuation of a 7.35-acre custom home lot in McDonald Highlands, which has drawn attention due to its high sale price of $10 million. This equates to approximately $1.36 million per acre, although only about half of the parcel is deemed developable due to its topography.

The board examined the potential for developing additional custom home lots on a nearby 12-acre parcel, suggesting that while these lots may not reach the same sale price as the McDonald Highlands property, they could still command significant value—potentially half of the $10 million figure. This discussion highlights the ongoing interest in high-value residential development in the area.

Comparative analysis was also a key focus, with several other parcels discussed to provide context for the valuation. For instance, a 37.48-acre parcel in Inspirada sold for $1.2 million per acre, while an 11.6-acre parcel in Lake Las Vegas, considered inferior in location and entitlements, was also noted. The board emphasized the importance of location and zoning in determining property values, with several examples illustrating how these factors can significantly impact sale prices.

As the board continues to evaluate property values, the implications for future development in Clark County remain significant, particularly in high-demand areas like McDonald Highlands. The discussions reflect a broader trend of interest in custom home lots, which could shape the community's residential landscape in the coming years.