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Old 11-27-2008, 07:08 PM
 
20 posts, read 36,022 times
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I am looking to purchase a home and was considering these two areas. Lone Mountain and Mountain Edge. Can you tell me anything about the areas? Shopping, businesses, crime etc. What is the nearest freeway?
Thank you!
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Old 11-29-2008, 12:08 AM
 
Location: Here and there, you decide.
12,623 posts, read 25,002,216 times
Reputation: 4684
avoid mountain's edge like the plague, it is foreclosure ridden and will take a long long time to recover... prices are still plummeting plus you have to pay lids and sids.. traffic and unfinished roads are still a problem.
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Old 11-29-2008, 12:23 AM
 
Location: Las Vegas
33 posts, read 95,283 times
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Mountains edge is farrrrrrrrrrrrrrrr
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Old 11-29-2008, 01:12 AM
 
Location: South Strip, NV --> Philly (Fall 2009)
2,404 posts, read 9,978,676 times
Reputation: 634
i was just over there after work and Mountain's Edge has built up, no more Blue Diamond problems, they put up stoplights and now there's plenty of places to eat, they opened up a bunch of food places at Blue Diamond/Durango
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Old 11-29-2008, 09:51 AM
 
Location: NW Las Vegas - Lone Mountain
15,756 posts, read 34,940,321 times
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Quote:
Originally Posted by niknack888 View Post
I am looking to purchase a home and was considering these two areas. Lone Mountain and Mountain Edge. Can you tell me anything about the areas? Shopping, businesses, crime etc. What is the nearest freeway?
Thank you!
Mountain Edge is hard hit by the foreclosure mess. The developers are in some significant problem in completing promised improvements. I would also be leery of developments in areas only partially complete....there may be heavy changes in what is actually built versus what was planned.

The more expensive developments will probably do better. Very high ratio of renters in the lower priced developments which often leads to friction.

Lone Mountain can in general mean lots of places. The neighborhoods behind the hill were hit by the foreclosure problem though to a lesser degree than Mountains Edge. Still watch out for the less expensive developments having a high ratio of renters. Much of Lone Mountain was only mildly impacted though there is often enough action that prices have dropped heavily. Lots of people way underwater.

Check the schools carefully in both places if that is an issue. That problem is getting better fast now that construction has dropped way off but still check the local elementary before you buy.

Some of the areas in Lone Mountain are quite interesting. Garehine for instance is a top ten elementary school in a neighborhood that does not start at $500K.
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Old 11-29-2008, 06:41 PM
 
20 posts, read 36,022 times
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That was very informative. I am going there in a few weeks to look around. I will take the infomation you provided. Thanks!!
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