August 23, 2006

Coyote Springs NV - Harvey's Whittmore's Dream for 15 years.

Building of this 42,000 acre master planned community will commence in 2007.  This development will be around 55 miles north of Las Vegas close to the junction of U.S. Highway 93 and State Highway 168. Roughly 20,000 acres have bee set aside for residential development. Approximately 10,000 homes will be built on the first 3,000 acres among 5 distinct villages. The first homes sales are projected to start August  2007 with custom lots available for sale later this year. The first residents are projected to open their front doors by the end of 2007. A public elementary school is planned.

Also planned are 13,000 acres of nature preserve, trail systems, open space and parks. Projected amenities include a 25 acre lake, 3,500 seat amphitheater, multiple parks, nature center and recreation center.

1/3 of of Coyote Springs be in Clark County with 2/3 in Lincoln County. This is the largest privately held property for development in Southern Nevada, roughly twice the size of Summerlin. The master plan has already been approved by Clark County. This master plan will include up to 16 golf courses, vacation villas, custom lots, multi-family housing and commercial and retail development. There is also some indication that there will be some homes available on larger lots, acreage, that will provide a suitable equestrian environment.

 One golf course has already been started by the developer. Coyote Springs Investment has partnered with Jack Nicklaus to build a series of Signature Golf Courses to be known collectively as "The Bear Trail" and has partnered with the PGA of America to build the "PGA Village" at Coyote Springs, the first true PGA of America golf destination in the western United States.

This is any interesting entry into the Las Vegas area housing mix. The developer's are touting a 50 minute commute into the Las Vegas area. It may be a bit longer. Prices should be somewhat less than comparable product in the Las Vegas Valley. Keep in mind that services likely be slow to keep up with the residential building. Basic conveniences such as grocery stores and gas stations could be some years away, as well as schools within the community.  The projections below are from the developer. As more information becomes available I will update this page.

I was in the area of Coyote Springs the first week in June and there is some sign of progress. It appears that the initial golf course is underway with some water retention basins built, probably to water the golf course as soon as they plant the grass and trees. I understand that as of July 11, 2006 three fairways have been planted.

Total land area: 43,000 acres, 67 square miles
Number of homes including miltifamily units at build out: 159,000
Number of planned golf courses: 16
Years to build out: 25 to 50.

 

 

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