The weather was gorgeous today, and I couldn’t resist a drive around Lake Las Vegas with the top down on my Vette. I have 2 clients who want to buy in this stunning community, but they’ve had their reservations – as have I – about the community’s future.

The closing of  the MonteLago Resort Casino and 3 golf courses (one since reopened), and the upcoming closing of the Ritz Carlton, have homeowners and prospective homeowners concerned about home values.  With the announcement that Lake Las Vegas should be coming out from under bankrutpcy protection in late June, one of my clients believes this might be a great time to buy. So off I went to view a home with a casita for $193,100. I enjoyed the wildflowers and the view of the lake while soaking up a little sun and a gentle breeze. Nice.

In other positive real estate news today, the Cosmopolitan is on track to open in December, and Texas homebuilder Dunhill Homes was chosen to manage and develop the bankrupt Rhodes Homes communities of Tuscany and Rhodes Ranch.