OverviewReal CostsPros & Cons

What The Oasis at Hollywood Springs Actually Is

The Oasis at Hollywood Springs is one of the newest 55+ communities in Las Vegas, launched in 2024 at price points in the $300K–$400K range. It represents a new wave of smaller, more affordable new-construction 55+ development filling the gap between the luxury communities (Del Webb Lake Las Vegas, Regency at Summerlin) and the affordable resale market. For buyers who want new construction and the Nevada tax advantage without paying $500K+, The Oasis at Hollywood Springs is worth serious consideration as one of the few new-build options at this price tier.

The Real Monthly Cost

Monthly Cost Estimate — The Oasis at Hollywood Springs (2026)

HOA fee~$210/mo
Clark County property tax (~0.55% effective)~$138–$183/mo
Homeowners insurance~$80–$110/mo
Utilities — electric (includes summer AC)~$140–$220/mo
Nevada state income tax$0 — none
Total monthly carry (excl. mortgage)~$568–$723/mo
Nevada income tax savings — the number that changes everythingZero state income tax means all Social Security, IRA withdrawals, pensions, and investment income is exempt from Nevada taxation. A couple drawing $80K/year saves $4,000–$8,000 annually compared to California, Oregon, or New Jersey — every year, in perpetuity. That savings applies equally whether you live at The Oasis at Hollywood Springs or at Sun City Summerlin.

Clark County Property Tax

Nevada assesses at 35% of appraised value. Combined Clark County rates produce an effective tax of approximately 0.52–0.58% of market value. Annual increases on primary residences are capped at 3% — protecting buyers who purchase today from outsized future tax bills as values appreciate. Verify the specific tax district for The Oasis at Hollywood Springs with Clark County before closing, as rates can vary slightly by subzone.

The Honest Pros & Cons

✓ What Works

  • New construction at $300K–$400K — unusual in Las Vegas market
  • Nevada zero income tax
  • Age-restricted 55+ setting
  • New home warranty from builder
  • More affordable than most new 55+ communities

✗ What to Know First

  • Brand new — no established community culture yet
  • Not gated
  • Limited price and HOA history
  • Smaller community with limited amenity scale
  • Hollywood area of Las Vegas — verify surrounding context before buying