j.p. king

Las Vegas Strip Land Up For Auction

Filed under: Auctions, Real Estate Developments

How much is Las Vegas land worth these days? The market will get a new test when a 1.36-acre property with 236 feet of frontage on Las Vegas Boulevard goes up for sale through J. P. King Auction Company. The property is located just north of the famous "Welcome to Fabulous Las Vegas" sign and is offered through a sealed-bid auction. The property is currently home to the 48-room Diamond Inn Hotel which was constructed in 1940. The site is the first hotel/casino seen from I-15 and has been approved by the FFA for buildable heights of 406 feet to 505 feet. The only question is whether or not anyone is interested in building in Las Vegas right now. Of course you could just keep the existing property as is.

"One of the great things about this site is that not only is it an excellent development site, but it is also already producing income," said Sam Aldabbagh, the property's owner. Aldabbagh purchased the hotel in 1978 and it is marked by a large pink elephant facing the strip. Sealed bids for the property must be submitted by 5 p.m. on Monday, December 13.

Gallery: Las Vegas Strip Land For Sale

Tags: j.p. king, jp king, las vegas, las vegas strip, real estate

Kenai River Estate, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

Our quest for luxury real estate auctions doesn't generally take us this far north. Today's home, which will be auctioned off on August 12, is located on the banks of Cook Inlet and the mouth of the Kenai River in Alaska. This home is on nearly 12 acres and has around 815 feet of beachfront property. The Victorian home is four stories and provides sights of Tustamena, Mt. Lilliamna, Mt. Redoubt, and Mt. Spur mountains. The four-bedroom home has oak and marble flooring throughout and four fireplaces. Other details include a formal dining room, gourmet kitchen and a cozy circular entertainment room. The master suite has a personal fireplace, sitting room and a master bath with a jetted tub. One particularly charming detail is the fourth floor turret with floor-to-ceiling windows and views of the surrounding mountain ranges. It's a perfect place for an office or retreat. The land also includes a three-car garage, two outbuildings, and an airplane hangar and landing strip. It is being auctioned off through J.P. King.

Gallery: Kenai River Estate