Ascaya is Las Vegas/Henderson’s latest offering in the luxury custom lot market. This new community encompasses nearly 630 acres of incredible landscape with superb views of the Las Vegas valley. The developer is a Chinese billionaire named Henry Cheng who purchased the land in the 1990’s and in 2004 spent nearly $200 million excavating the mountain for suitable home sites. Ascaya originally started selling in 2009 but was put on hold after the great recession. The project is now full speed ahead with lots starting out at in the high $800’s. The developer anticipates the project to be complete in 10 years. There are currently 313 lots for sale in Ascaya and lowest lots are currently being released first. Here is a picture of this fast growing community.
Ascaya is a desert modern neighborhood that has aesthetic restrictions to maintain the integrity of the community. Buyers will have a year to submit their proposed house design to the developers’ architectural review board, and they’ll have 30 months from the time they buy the lot to start construction. That’s in addition to any city approvals and permits they would need. If buyers miss Ascaya’s construction-start deadline, they’d face daily fines, or be able to buy a two-year extension for $50,000. Each home in the community are required to be a MINIMUM of 4,500 square feet and there is no maximum square footage. Below are a few sketches of inspiration from Ascaya’s website and photos of the area:
If you would like to schedule an appointment to see Ascaya, please contact us at Open Door Residentail today 702-659-9005
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