How Much House Does a Million Dollars Buy in DTLV?

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Newer denizens of the Las Vegas Valley—and perhaps those outlanders who presume only suburban golf course communities hold the keys to luxury—may be unaware that some of the city’s most fantastically excessive residential properties exist in its oldest, most central neighborhoods. Sure, most of the livable area in Downtown proper remains an unplanned mix of subsidized housing, working-class homes, weekly rentals and the odd luxury condo tower here or there. But in the greater Downtown, there are exceptional enclaves, both gated, such as Rancho Circle and Rancho Bel Air, and secluded but open, such as Historic Alta Drive and Scotch 80s. This week, the latter provides some fine examples of the kind of house we might buy if we had a million dollars to spend. Hey, it’s nice to dream, right?

First up is a five-bedroom, three-and-a-half bathroom estate at 2120 Silver Ave. (pictured above), just northeast of Rancho Drive and Oakey Boulevard. Sitting on just over three quarters of an acre, this recently remodeled home boasts all the features necessary to remind visitors that you’re money: randomly placed Corinthian columns, entire rooms covered in marble, a pool-accessible bathroom bigger than my first apartment, a private tennis court, and—of course—a casita for your maid … or slacker brother-in-law.

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In all seriousness, it’s a pretty swank pad, and it sold only a few years ago for $532,000, so you can only imagine the upgrades poured into this immaculately landscaped dream home, as it’s now listing for $989,999. Sure, that’s not technically a full million, but it does leave you enough money to celebrate your new purchase with a bottle of Cristal, right? Plus, that price tag comes with an added bonus: Oscar and Carolyn Goodman’s place is just around the corner, so you know you’re in good company.

However, if you’re truly looking to drop at least a cool million on a vintage Vegas home, look no further than three blocks east for something that might be more up your gold-bricked alley. Listed at $1,088,500, the five-bedroom, four-and-a-half bath, palace of excess at 1700 Bannie Ave. sits on a slightly smaller lot than the Silver Avenue joint, but makes up for it with a killer backstory. Known as La Palazza, the house was featured on Travel Channel’s Ghost Adventures in 2010, where the show’s three paranormal-investigating bros pointed out its reputed mob history, but also showed off its then-current state of disrepair—and its previous “upgrade” to a look that can only be described as “Strip Club Dungeon Chic.”

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Either way, someone bought the house on the cheap ($300,500), put in a half-million dollars worth of work recreating it in a contemporary style with mid-century influences, and today we have a 5,300-square-foot beauty that wows from the moment you approach its resort-like porte-cochère, where you just know a hired valet service will be taking care of your friends’ cars during your housewarming party. Inside, a marble-tiled living room with fireplace and adjacent wine cellar awaits, as does an expansive kitchen outfitted with the requisite Sub-Zero fridge, dining room with built-in bar, recessed lighting and plantation shutters everywhere, and … well, you get the idea. There’s a bidet in the master bath, guys. This is the real deal. Of course, the backyard is no slouch, with a stone-built outdoor kitchen by the sparkling pool, a gazebo oasis, and probably room for you to run a day club back there.

That said, the listing makes no mention of whether or not the ghosts are included with the asking price, so you may want to inquire further before busting out your Swarovski-studded checkbook.

SILVER PHOTOS COURTESY MICHAEL MCGRAW, THE AGENCY; BANNIE PHOTOS COURTESY KELLY JONES, KJ SELLS VEGAS

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