“Land will always be an excellent investment because there will never be any more made, which is why it is ‘precious,'” explains Fely Quitevis-Bateman, owner of Precious Properties and a Realtor.
With nearly five decades of experience, Quitevis-Bateman knows what she’s talking about. Since 1974, the Pangasinan-born entrepreneur has assisted hundreds of clients in making sensible real estate investments, and she has been actively marketing real estate in Pahrump, Nevada (NV) since 1992. Pahrump is located at a height of 2,695 feet above sea level.
Pahrump has the potential for growth and development, according to the Harvard Business School graduate. It has gone a long way since it was first inhabited by the Southern Paiute, a Native American tribe, and later when other people arrived in the late 1800s. Its name comes from the Southern Paiute word Pah-rimpi, which means “Water Rock.” Pahrump is located on the third largest aquifer in the United States, which means there is plenty of water underneath despite the lack of rainfall.
According to the most recent data available, real estate in Pahrump has increased by 155 percent in the previous ten years alone, placing the unincorporated town in the top ten percent of the country for regions where property prices have increased dramatically. As a result, many analysts consider Pahrump to be one of the top long-term investments in the United States during the last decade and into the future. Pahrump’s real estate portfolio has continued to appreciate despite the housing market collapse.
According to Quitevis-Bateman, Pahrump, which is located in Nye County, Nevada’s largest and third-largest county, has continued to attract many investors in a variety of fields, including real estate, business, entertainment, and dining, and that hundreds of millions of dollars worth of projects are in the works, some of which have already begun construction. Thousands of additional residences will be built by America West, according to Quitevis-Bateman.
The owner of Precious Properties also shared additional benefits for Pahrump businesses and residents, including a low business state tax, a 6.75 percent county sales tax (not on food), and no taxes on estates, inheritances, franchises, gifts, inventory/interstate commerce, corporate income, or personal income.
Pahrump is only eight miles from the California border and 63 miles northwest of Las Vegas. It is approximately 364 square miles in size and is located in the southwest portion of Nye County. The most recent census data available puts the population at 48,000; prior to the pandemic, the area had an annual growth rate of roughly 15-17 percent. Pahrump currently has 11 zip codes, with 775 being the primary area code.
Pahrump has a 24-hour airport, Calvada Meadows, in addition to being accessible by road.
Art Bell (who was married to a Filipina, Airyn Bell), Apple co-founder Ronald Wayne, filmmaker J. Niel Schulman, and members of the Escape the Fate band have all lived in Pahrump. Michael Jackson, who died in 2009, was alleged to have bought a property near Pahrump in 2008, where he had a recording studio.
Quitevis-Bateman, a former Nye County commissioner who has helped numerous of her kababayans invest in Pahrump real estate, find meaningful opportunities in Nevada, and connect people, can assist anyone wishing to invest in real estate in Pahrump.
Having witnessed the community’s rise since 1992, Quitevis-Bateman has a plethora of expertise and insight into which regions in Pahrump are the finest places to invest your hard-earned cash. Whether you want to invest in real estate, buy a home in anticipation of retirement, or simply own property or a second home, Quitevis-Bateman will help you locate that specific niche.