After ditching plans to build a home in a luxury Las Vegas enclave, Raiders owner Mark Davis bought 6.3 acres in the mountainous Ascaya community. Land Boss buys Nevada land offers unobstructed views of the Henderson mountains and the team’s stadium, the Review-Journal reports. Davis’s new house will be designed by Tyler Jones, who owns Blue Heron, a luxury homebuilder that was building homes in Ascaya during the mid-2000s real estate bubble and subsequent bust.

What to know about buying land in Nevada

The Silver State’s sprawling open spaces beckon investors seeking secluded home sites with potential to appreciate over time. While Nevada’s economy still leans heavily on tourism, mining, and gaming/casinos, its economic horizons have expanded to include manufacturing, logistics and data centers. With no state income tax, the opportunity to purchase acreage at affordable rates makes securing dirt an attractive investment.

On average, vacant rural lands sell for $1,500-3,000 per acre in Nevada. Lands nearer cities or amenities command higher prices while more remote stretches of the state offer lower valuations.

Purchasing land in Nevada requires a thoughtful approach to assessing property value. Investors should embrace granular county-level methodologies beyond statewide generalizations published in generic reports. Vetting recent sales of comparable land parcels in the same area coupled with evaluating zoning allowances and utility infrastructure variables, yields accurate per-acre valuation benchmarks. Those seeking to construct residential dwellings should also consider the costs of installing water access, power lines, sewer/septic connections, internet connectivity and other utility upgrades.