Las Vegas’ Emerald Bay changes hands

337-unit complex located 15 minutes northeast of the Strip

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The Emerald Bay apartment complex in Las Vegas has been sold for $32.1 million. Emerald Bay Apartments Las Vegas LLC sold the property, located at 4701 E. Sahara Ave., to an unidentified buyer. The 319,215-square-foot complex sits on more than 14 acres and includes 37 buildings with four different floor plans. There are 112 one-bedroom, one-bath units with 742 square feet; 96 two-bedroom, one-bath units with 1,014 square feet; 128 two-bedroom, two-bath units with 1,075 square feet; and one two-bedroom, two-bath corporate unit with 1,167 square feet. Interior amenities include full-size washers and dryers, high-speed Internet, private patios and balconies with storage closets, and central heating and air conditioning. Many units offer additional features such as fireplaces and walk-in closets. The complex also features two swimming pools, a heated spa, fitness center, basketball court, newly renovated clubhouse, and barbecue and picnic areas. Emerald Bay's entrances are gated, and...