Every homesite Ascaya lists for sale shows two land figures, one labeled "Buildable Area" and one labeled "Total Acreage." Most buyers compare lots by the second number, but the first one tells you how much house the lot can hold. In a community cut into the McCullough Range, the gap between the two numbers is large, it varies from lot to lot, and it changes which lots are good value.
Some background explains why. Work crews reportedly drilled, blasted and moved around 15 million cubic yards of material to build Ascaya. What came out of that work is a set of flat building pads, each one surrounded by mountainside that is part of the lot but not available for building.
Eight Lots, Two Ways to Rank Them
The table below uses the asking prices and land figures on Ascaya's homesite page as of October 4, 2026. The buildable share and the price per buildable square foot are our own calculations, using 43,560 square feet per acre. These are list prices, not closed sales.
| Homesite | Collection | Asking price | Total acreage | Buildable area | Buildable share | Price per buildable sq ft |
|---|---|---|---|---|---|---|
| 42 Cloudrock Court | Cloud Rock | $3,250,000 | 2.0 | 14,794 sq ft | about 17% | about $220 |
| 10 Soaring Rock Court | Cloud Rock | $5,180,000 | 2.32 | 32,713 sq ft | about 32% | about $158 |
| 105 Cloudrock Court | Cloud Rock | $2,199,000 | 1.66 | 15,421 sq ft | about 21% | about $143 |
| 5 Stonecutter Court | Estate | $1,800,000 | 0.53 | 13,559 sq ft | about 59% | about $133 |
| 25 High Crest Court | Estate | $1,800,000 | 0.73 | 13,860 sq ft | about 44% | about $130 |
| 22 Rockstream Drive | Estate | $1,913,000 | 1.69 | 19,425 sq ft | about 26% | about $98 |
| 53 Boulderback Drive | Estate | $1,675,000 | 0.69 | 18,619 sq ft | about 62% | about $90 |
| 26 Rockstream Drive | Estate | $2,166,000 | 2.65 | 24,313 sq ft | about 21% | about $89 |
Look at 53 Boulderback Drive. It covers 0.69 acres and has 18,619 square feet of buildable area. 42 Cloudrock Court covers nearly three times the acreage, 2.0 acres, but has only 14,794 buildable square feet. That means the smaller lot has about 3,800 more square feet to build on and costs about half as much. 5 Stonecutter Court tells a similar story. At 0.53 acres it is the smallest lot in the table, yet its pad is close to 90% the size of the pad at 105 Cloudrock Court, a lot more than three times its acreage.
That doesn't make the Cloud Rock lots overpriced. Ascaya describes the Cloud Rock Collection as 58 homesites at the community's highest elevations, with 360-degree views. Estate homesites run from half an acre to over two acres and start at $1 million. The higher price per buildable foot at Cloud Rock pays for elevation, views and the mountainside around the pad. Those are real things to pay for. It helps to know you're paying for them, and the price per buildable square foot shows you how much.
The Record Sale Shows the Same Gap
In March 2026, Raiders owner Mark Davis bought four adjacent lots at the top of Ascaya for $38.75 million. Property records cited by the Las Vegas Review-Journal show the lots cover about 19.2 acres. A spokesperson for Ascaya's development team said the lots have about 7.6 acres of buildable land combined, and the developers called it the largest homesite purchase ever recorded in the Las Vegas area.
Measured by total acreage, Davis paid about $2 million per acre. Measured by buildable land, he paid about $5.1 million per acre. Less than 40% of the land he bought can hold a house, which is close to the buildable shares on the Cloud Rock lots for sale today. Davis described the cluster as having one of the best, if not the best, views in the entire valley, and said there is no rush to decide whether he builds one project or as many as four.
His comment about having no rush matters for the next part of this story.
What Fills the Pad, and How Long It Takes
The buildable area also has to hold a home of a minimum size. Ascaya's development lead told the Review-Journal in June 2025 that the minimum home is 4,500 square feet on all streets except one. He added that the average home in the community is probably over 8,000 square feet. On a pad of about 13,500 square feet, like 5 Stonecutter Court's, a typical Ascaya home needs room for the house, the motor court, the pool and the outdoor living areas. This is where the buildable figure stops being a number on a listing and starts shaping the design.
The process from buying a lot to moving in usually runs in this order:
- Choose the homesite and assemble your team. That means due diligence on the lot, plus getting the owner, architect and builder working from the same plan and budget before design starts.
- Design the home. Ascaya says this phase varies with the complexity and scale of the project.
- Ascaya architectural review, followed by City of Henderson permitting. These are separate approvals. Forte Design Build says the permit submission can require HOA approval along with stamped architectural and engineering plans, grading and plot plans, and geotechnical information.
- Build the home. Ascaya's FAQ puts the typical time from the start of construction to move-in at about 18 to 24 months.
The developer has described the whole process, from hiring an architect through finishing construction, as taking two to three years. One owner-built example fits that range. Dominick and Alejandra Morea noticed their lot at 25 Rockstream in spring 2021. Their home took about six months of design and more than 18 months of construction after breaking ground in December 2022.
Faster examples exist, but they are show homes. The 2023 New American Home at 19 Rockstream, designed by studio g Architecture with LUXUS, took about 12 months to complete. The architect, Michael Gardner, said a comparable custom home normally takes 18 to 24 months. Sun West's 2025 New American Home in Ascaya had to be completed within 10 months to serve as a show home. Those builds ran on fixed event deadlines, so they don't show how long an ordinary custom project takes.
Lot owners don't have to wait for move-in to use the community. Ascaya says homesite owners have full access to its amenities from day one, including during design and construction. That covers the Clubhouse with private dining, the zero-edge pool with Olympic-sized lap lanes, the tennis and pickleball pavilion, Family Park and the private trails.
No Build Deadline Applies to Your Neighbors Too
Ascaya's FAQ says the community imposes no building timeline on homesites and no resale penalties, so owners can build when they choose. For someone buying a lot, that's flexible. For someone buying a finished home, it means the lots around them have no deadline either.
As of April 2026, the development team counted 92 completed homes, 31 under construction and 32 in architectural review. Ascaya is planned for more than 300 homes. That leaves roughly 145 or more planned homesites that, as of that count, had no finished home, no active construction and no plans in review. In early May 2025, the count was 67 completed homes. About 25 homes were finished in the year between those two counts. April 2026 is the most recent count we could find.
So when you look at a lot or a finished home in Ascaya, the land you can build on is only part of the picture. You also need to know what is planned next door. A vacant neighboring pad might stay empty for a long time, or it might become a construction site for 18 to 24 months. Its owner faces no deadline that would tell you which.
Building Isn't the Only Way In
The Canyon Residences give buyers a way into Ascaya without buying a pad and building on it. Blue Heron is building them as 51 homes, and pricing was reported in February 2025 as starting in the high $2 millions. Ascaya's development lead told the Review-Journal in June 2025 that the 51 units sit in 31 buildings, each holding one or two condominiums. Ascaya's Terrace Four update lists six move-in-ready residences from $2.9 million. It also says 14 Harlow View Court, which was offered at $3,040,000, has closed. These residences carry no design phase, no architectural review and no construction timeline. A buyer gets Clubhouse access and the elevation without the two-to-three-year build.
Questions Buyers Ask About Ascaya Homesites
Where does Ascaya publish buildable area? On each homesite listing, in a column next to total acreage. The developer's own listing page shows both figures side by side.
Is the Cloud Rock Collection sold out? No. Ascaya released Cloud Rock as its final 58 developer-owned homesites in June 2025. After the Davis sale, Ascaya said a limited number of Cloud Rock homesites remain. As of October 4, 2026, the availability page showed three Cloud Rock lots for sale: homesites 262, 269 and 301.
Can I buy now and build later? Yes. Ascaya sets no building deadline and no resale penalty.
What is the clubhouse? The Review-Journal describes it, citing Ascaya's marketing materials, as a $25 million clubhouse. The developer has since reimagined the 23,000-square-foot center and added an RH-curated bar and lounge. Dining is run by Executive Chef Stephen Johnson and includes weekend breakfast and home delivery.
If you're comparing Ascaya lots, or deciding between a homesite and a finished home, The Zhu Realty Group can run each one through price per buildable square foot. We can also show you what is built, under construction or still vacant around it, and help you sort through the review and permitting steps before you commit. Schedule a consultation, and if you already own in Ascaya, request a free valuation that accounts for your buildable area as well as your acreage.
This article is general information, not legal, tax or financial advice. Consult a qualified professional about your situation.