Lennar Corporation, One of the Largest U.S. Homebuilders, Purchases 37 Acres in Henderson for $45 Million
LAS VEGAS, NV – According to Clark County property records, Lennar Corporation, one of the largest home construction companies in the United States, has bought 37 acres of land in Henderson for $45 million from California-based Trilogy Land Holdings LLC.
It is expected that Lenar will develop the vacant land – the sale of which closed on March 1 – into a single-family residential community. The property is located in west Henderson, just south of the Henderson Executive Airport and the master-planned community of Inspirada, close to the McCullough Range and Black Mountain.
Based out of Miami-Dade County in Florida, Lennar Corporation is the second-largest homebuilder in the nation based on the number of homes sold as of 2023, with 68,817 recorded closings; in that same year, the company was ranked 119th on the Fortune 500. Lennar Corporation’s share price has soared 235 percent in the last half decade, with a 17 percent gain in just the last three months alone.
Henderson, Nevada is heralded as one of the fastest-growing municipalities in the nation, seeing a large explosion recently in both the residential and commercial real estate industries; in January, the city approved plans submitted by Woodside Homes of Nevada for the development of two residential subdivision projects – dubbed Cadence Acacia and Cadence Meridian – on nearly 17 acres of land, for a total of 160 lots.
Development in Henderson has also commenced on The Canyon at Ascaya, which upon completion will offer 51 multimillion-dollar residences designed and built by Las Vegas luxury developer Blue Heron, and will feature impressive views of the Las Vegas Valley, including the famed Las Vegas Strip. The homes in The Canyon at Ascaya will be comprised of single-floor, three-to-four-bedroom residences ranging in size from 3,391 square-feet to 4,407 square-feet, and owners will be able to enjoy a wide range of high-end amenities.
Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.