A home located on 5 Misty Peaks Court recently sold for a very high amount. It's not the $8.7 million price tag that is mind boggling for Las Vegas; it is that it sold for $746/sqft which may be one of the highest in Las Vegas real estate history.
Communities in Summerlin have been proven as valuable properties. Other homes in the area are still selling at considerable amounts suggesting that the high end housing market has not flattened much.
