Homebuilders Bought 63 Acres in Summerlin for $109 Million
The land sales to three national builders closed this past September for residential development.
Updated on Oct. 5, 2026 in Residential
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Howard Hughes Holdings sold 63 acres of land to three homebuilders for $109 million in September 2026. The plots, located one mile west of the 215 Beltway, are slated for new residential subdivisions in the Summerlin community.
Why it matters
Homebuilders are willing to pay a premium for land in this area due to consistently high demand for housing within the 22,500-acre master-planned community. The sales reflect continued growth as the developer releases specific plots to select builders.
The land sold for between $1.7 million and $1.8 million per acre, significantly higher than the Southern Nevada average of $954,200 per acre recorded last year. The total value of the transactions reached $109 million across 63 acres.
The players
Howard Hughes Holdings
The master developer of the Summerlin community that manages land release and sales.
Toll Brothers
A homebuilder that purchased 31 acres of land for a proposed 97-lot residential project.
Century Communities
A homebuilder that acquired 22.4 acres to develop a planned 88-lot subdivision.
Sekisui House U.S.
A residential developer that acquired 9.6 acres for a proposed 38-lot site.
The details
Toll Brothers acquired 31 acres for $52.4 million, while Century Communities secured 22.4 acres for $40.3 million and Sekisui House U.S. purchased 9.6 acres for $16.3 million. Builders will now move to finalize plans for their respective subdivision sites, which include proposed projects of 97 lots, 88 lots, and 38 lots. Howard Hughes Holdings controls the release of these tracts by requesting offers from select homebuilders as the community continues to expand west of the beltway.
Timeline
September 2026: The land sale transactions officially closed.
First half of 2026: The developer sold tracts to four homebuilders.
Last year: The Southern Nevada average land price was $954,200 per acre.
1950s: Howard Hughes acquired the original land mass.
Beyond the Strip
These transactions follow the established trend of rising residential land values in the valley, which averaged $954,200 per acre last year. This deal marks a significant premium over that regional benchmark, reflecting the specific market demand within Summerlin.
These land sales ensure continued construction activity in the areas west of the 215 Beltway in the coming months. Residents in nearby neighborhoods should expect increased construction traffic and site preparation as homebuilders begin work on these new subdivisions.
The takeaway
The premium prices paid for these plots confirm that Summerlin remains the primary driver of high-value residential development in the valley. Interested residents should watch for upcoming subdivision planning filings to see the specific layout of these new neighborhoods.
Further reading
For more on the local housing market, visit the Residential section.
Source note: This article includes information reported by Las Vegas Review-Journal.
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