Real Estate Industry News

Americans are heading out west—or rather, out southwest.

According to data from the U.S. Census Bureau, three of the five states that are often considered the American Southwest— Arizona, New Mexico, Nevada, Colorado and Utah—have the second, third and fourth fastest-growing populations in the country in 2022.

This comes as little surprise when considering many of those areas offer a combination of frequent sunshine, low humidity and stunning landscapes with affordable, strong job markets and low cost of living.

To accommodate a new frontier migration, developers are releasing cutting-edge new developments designed specifically for flexible family living. Here are three examples of new residential projects cropping up in the Southwest:

Mountain Estate in Avon, Colorado

Price: $8.995 million

MORE FOR YOU

Set in the exclusive, gated community of Mountain Star, this 5.75-acre property is located a few miles away from some of Colorado’s most renowned ski resorts.

The elevated positioning of the homesite will allow for unobstructed southern views of the Sawatch Mountain Range and the aspen-covered mountainside.

Metal beams cut through massive walls of glass and facades will feature a natural look of wood and stone, making for a modern but rustic design.

Plans include six en-suite bedrooms, a hearth room and a study as well as an array of outdoor patios and sundecks.

Completion is scheduled for late spring of 2023.


Contemporary Mansion in Las Vegas, Nevada

Price: $3.25 million

Construction is underway on the new high-end Las Vegas community, Kensington Manor, where this two-story contemporary resides.

The gated enclave is located in the northwestern neighborhood of Centennial Hills, just twenty minutes from the Las Vegas Strip.

Coming in at 7,187 square feet, this six-bedroom, eight-bathroom home is of modern designs through and through. Clean lines and sleek stone and wood accents define both exterior and interior.

Meeting today’s environmentally-conscious standards, the residence will be equipped with solar panels and a three-car garage outfitted for electric vehicle charging.

A resort-style backyard will feature a swimming pool, outdoor cooking area and sprawling sun deck.

Also located on the property will be a detached casita with a private entrance.


Modern Estate in Paradise Valley, Arizona

Price: $8.25 million

Scheduled to debut in the third or fourth quarter of this year, this single-story estate sits in a perched position at the foothills of the Phoenix Mountain Preserves with panoramic views of downtown Phoenix and the iconic Camelback Mountain.

Modern in both style and outfitting, the residence will feature a sleek design with a state-of-the-art smart-house system.

The five-bedroom, six-bathroom layout will also house a gourmet kitchen, office space and formal dining room with a separate temperature-controlled wine wall.

Expansive walls of automatic retractable glass will make for a seamless transition from the home’s interior to the planned outdoor spaces, which include a sundeck, infinity pool and outdoor waterfall shower.