Development Details for The Peaks

The Peaks, as approved, is favorably situated to be operated as a private residence club or timeshare property to maximize potential revenue, given the year round popularity of Mount Charleston as a getaway destination.

The current owner will entertain offers for outright purchase of the subject property or offers for joint venture of the development with a tangible equity injection  from the potential partner. Inclusion of the subject property is negotiable.

This Project is extremely rare in that it is the only private property on the mountain that is zoned for condo (R-3) and commercial (C-2) development. Not only is there virtually no private property remaining on the mountain, the private parcels that remain are designated for low density residential development.

What Steps Are Completed For The Peaks

Development Tasks Completed

  • Multi-Family (R-3) & Commercial (C-2) Zoning has been permanently hard zoned and approved by the County of Clark
  • New Land Survey completed
  • Topography Map Completed
  • Drainage Study completed and submitted
  • Environmental Study completed
  • Soils Report completed
  • Water Rights completed
  • A large septic system is already on site, commercial hook-up is available thru the Mt. Charleston Water Company
  • Power Lines are at the property line
  • Telephone lines are at the property line
  • Floor plans for building are completed
  • Half of the property has been fenced in chain link, most of the remaining perimeter fronts State Route 157
  • Title Reports are done
  • Site Plans have been approved by the County of Clark
  • Elevations have been approved by the County of Clark
  • Hillside Ordinance approval has been obtained
  • CC&R documents complete
  • HOA documents complete
  • Cell Phone service is available on site

Structure Details

  • Approximately 232,000 square feet of buildable condo structure
  • Approximately 132,000 square feet of sellable condo structure
  • Approximately 21,000 square feet of sellable balcony structure
  • Approximately 14,000 square feet of sellable underground storage rooms
  • Approximately 29,000 square feet of sellable parking (136 spaces)
  • Approximately 36,000 square feet of common areas
  • Approximately 35,000 square feet of commercial building structure

The Peaks Rendering Samples

Development Cost & Profit Estimates Available

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