Even the rich who can afford multi-million-dollar homes can pick over the foreclosure carnage left behind by the devastated real estate market. Except they can do it in style — by private jet instead of foreclosure tours by bus, or by boat.

The Wall Street Journal reported last week that Luxury Homes of Las Vegas and JetSuite Air are co-hosting a free “Luxury Home Foreclosure Private Jet Tour” from Los Angeles to Las Vegas this Saturday, April 17.

According to the press release, three bank-owned luxury estates in Vegas — all more than 10,000 sq ft — will be viewed from the air. The jet leaves LA at 10 am and returns at 6 pm. Only qualified buyers who show “…proof of funds and net worth sufficient to purchase a luxury home…” are welcome on the tour.

The homes:

  • The first home (photo above) is located in Summerlin and is listed for $4,650,000. It’s 10,692-square feet, has 1.17 acres, seven bedrooms, 10 bathrooms and was listed at $9,200,000 in 2007.
  • The second home is in the MacDonald Highlands and is listed for $4,900,000.  It has 12,872 sq ft, sits on a .53-acre lot, has six bedrooms, eight bathrooms and was listed at $6,200,000 in 2008.
  • The third home is located in Promontory in The Ridges and is listed for $6,125,000.  It has 3,611-1 sq ft,  has a .74-acre lot, seven bedrooms, 11 bathrooms and was valued at approximately $10,000,000 at market peak.

Other foreclosure tours by air are planned from possible departure locales such as Orange County, San Diego, Phoenix, San Francisco, and Salt Lake City.

> See Las Vegas home values

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  • Marlene Scheffer

    Shared this with our fans on Facebook. Great article, entertaining and makes me jealous. Thanks!

  • Diane Tuman

    Thanks for sharing, Marlene! I wonder if the jet foreclosure tours will be effective. Each home is certainly taking huge price cuts already.

  • Medical Blog

    air foreclosure tour, what a brilliant idea.

  • Gainesville real estate

    LOL. This is funny. So they land at airports near the homes and then take a limo to the front door?

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  • Arizona Short Sale

    Yup, Hope one day I can show homes via jet….

  • Finance

    nice view, sad story

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  • Diane Tuman

    Gainesville real estate — I believe they just fly over each property, although I could be wrong. None of the articles seemed to indicate whether they land or not.

  • Finance

    they just fly over, lot easier and faster

  • Arizona Homes For Sale

    this idea of selling this homes is very unique, nice job!

  • new home building

    Interesting tours. I wonder how successful they are these days?

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