Square footage tells you how big a home is; design tells you how big it feels — and the tour of Richmond American's Elm at Lexington Chase in southwest Las Vegas is a case study in the difference. At about 2,780 square feet, the Elm lives noticeably larger than the number suggests, because it's built around an expansive great room, a two-story loft that opens to the space below, and flex rooms that adapt to whatever you need. Across the roughly 9,600 closings our team at Nevada Real Estate Group has represented, we've learned that how a home lives matters more than the raw square footage — and the Elm is designed to make every foot count. This is the home featured in our latest tour.
This guide breaks down the Elm — why the open layout and two-story volume make it feel bigger, how the flex rooms stretch it to five bedrooms, what it costs at Lexington Chase in 2026, how Richmond American's build-to-order model prices out, and who it fits. It draws on Richmond American's published plan materials plus our own experience with southwest Las Vegas buyers, and it's paired with our video tour so you can walk it yourself.
Richmond American's Elm at Lexington Chase in southwest Las Vegas is a two-story home — about 2,780 square feet, 3 to 5 bedrooms, 2.5 to 3 baths, in the value Seasons Collection. An open great room, a two-story loft, and a study that converts to a fifth bedroom make it feel bigger than its footprint. Lexington Chase starts in the upper $500,000s; confirm the Elm's price with the builder.
- The Elm at Lexington Chase is a two-story SW Las Vegas home — about 2,780 sq ft, 3–5 bed, in the Seasons Collection.
- An open great room, a two-story loft, and flex rooms make it feel bigger than its square footage.
- A main-floor study converts to a fifth bedroom, and the owner's suite offers an optional sitting room.
- Lexington Chase starts in the upper $500,000s; the Elm is the largest plan — confirm its price with the builder.
- Richmond American builds to order — you personalize finishes at the Home Gallery design center.
Shopping the area? Browse live Las Vegas homes for sale — every active MLS listing with prices, photos, and instant filters.
What Is Richmond American's Elm at Lexington Chase?
The Elm is a two-story single-family home at Lexington Chase, a Richmond American community in southwest Las Vegas near Blue Diamond Road and the 215 Beltway. According to Richmond American, the Elm runs about 2,780 square feet with 3 to 5 bedrooms and 2.5 to 3 baths, over two levels with a 2-car garage. It's the largest of the community's three plans, and it's part of the builder's Seasons™ Collection — Richmond American's value-focused line.
The layout is built to feel expansive. The main floor centers on a gourmet kitchen with a center island, opening to a large great room and dining area, plus a study off the entry that converts to a fifth bedroom. Upstairs, a versatile loft with volume open to the floor below anchors the secondary bedrooms, and the owner's suite offers an optional sitting room and balcony. Nothing is walled off into single-use formal rooms — the space flows, which is exactly why 2,780 square feet lives larger than the number implies. According to Richmond American, Lexington Chase opened in early 2026.
| Feature | Detail |
|---|---|
| Builder | Richmond American (Seasons Collection · Home Gallery) |
| Community | Lexington Chase — southwest Las Vegas / Enterprise |
| Approx. size | about 2,780 sq ft (largest plan) |
| Bedrooms / baths | 3–5 bd / 2.5–3 ba |
| Stories | 2 |
| Garage | 2-car |
| Community pricing | from the upper $500,000s (confirm Elm's price) |
A note on precision: Richmond American configures and prices homes by homesite and updates often, and gate status wasn't confirmed for Lexington Chase — so confirm the exact price, bedroom configuration, and gate status of a specific Elm homesite with the builder before you write an offer. For the builder overall, see our Richmond American guide, and for a similar southwest area, our Mountain's Edge buyers guide.
Why Does the Elm Feel Bigger Than Its Square Footage?
Because "feels bigger" is a design outcome, and the Elm pulls several levers at once. The first is the open great room: joining the kitchen, dining, and living areas into one continuous space lets the eye travel farther, so the home reads as larger. The second is the two-story loft with volume open to the floor below — that vertical openness adds perceived space that never shows up in a square-footage figure. The third is flow: a plan with few dead-end hallways and multi-use rooms feels roomier than a bigger home chopped into single-purpose spaces.
The flex rooms are the fourth lever. A main-floor study that converts to a fifth bedroom, plus the upstairs loft, mean the Elm adapts without ever feeling cramped — the great room stays open because the loft and study absorb the overflow activities. According to the U.S. Census Bureau, Las Vegas continues to draw buyers from higher-cost markets used to paying more for less, and a home that lives large for its price lands especially well with them. In our experience, buyers consistently describe the Elm as feeling like a home several hundred square feet larger — which is the design doing exactly what it's meant to.
How Do the Flex Rooms Stretch the Elm to Five Bedrooms?
By giving you rooms that change purpose without renovation. The Elm's main-floor study is the clearest example: it works as a home office, a den, or a guest room, and Richmond American offers it as a convertible fifth bedroom with an available third bath — so the same footprint serves a work-from-home couple today and a five-bedroom family tomorrow. Upstairs, the loft is a second living area, a playroom, or a study zone depending on the year, and the owner's suite's optional sitting room adds a private retreat.
That adaptability is why flex-heavy plans hold demand at resale. According to the U.S. Census Bureau, Las Vegas keeps drawing families and remote workers, and both groups prize space they can reassign without construction. The Elm lets one floor plan serve a wide range of buyers — a three-bedroom-plus-office couple, a four-bedroom family, or a five-bedroom household — which supports its resale appeal because the next buyer can see it working for their life. We point out the study-to-bedroom conversion on every tour, because it's the feature that quietly future-proofs the home.
What Does the Elm Cost at Lexington Chase in 2026?
Here's the pricing picture. According to Richmond American, Lexington Chase starts in the upper $500,000s — listed from around $576,950 for the community's smaller plans. The Elm is the largest of the three plans, so its base sits above the community entry point; Richmond American lists the Elm's specific price as "contact us," so confirm the current number. Treat the figures below as an illustrative framework, not a quote.
| Line item | Rough figure |
|---|---|
| Community entry (smaller plans) | from about $576,950 |
| Est. Elm base (largest plan) | about $600,000–$650,000 |
| Est. price per square foot | about $216–$234/sq ft |
| FHA 3.5% down (on about $620,000) | about $21,700 |
| 20% down payment (on about $620,000) | about $124,000 |
| Est. Nevada property tax (about 0.5–0.6%/yr) | about $3,100–$3,700/year |
| Buyer closing costs (about 2–3%) | about $12,400–$18,600 |
At roughly $216 to $234 per square foot, the Elm's value proposition is that it feels like more home than you paid for. Because it's in the Seasons value collection, you're getting the space efficiently. According to the Nevada Department of Taxation and the Clark County Assessor, Nevada's low effective property-tax rate — roughly 0.5% to 0.6% of value — plus the state's no personal income tax keep the monthly carrying cost below an equivalent home in the coastal markets many buyers relocate from. On a $620,000 basis, that tax profile can save a relocating household roughly $3,000 to $6,000 a year versus California or the Northeast.
Who Is the Elm Built For?
A broad range of buyers, which is what the flex layout is designed for. The most common is the move-up or right-size buyer who wants a home that feels spacious without paying for square footage they'd never use. Nearly as common are growing families who need the fifth-bedroom option, remote-work households who value the study and loft as work-and-flex space, and value-focused buyers drawn to the Seasons collection's pricing.
What unites them is a preference for smart design over raw size. The Elm is built for buyers who'd rather have an open, well-flowing home with adaptable rooms than a larger plan that wastes space on formal rooms nobody uses. In our experience, these buyers are among the happiest a year after closing, because a home that lives large keeps feeling right as life changes. Our first-time buyer and general buyer resources walk through the whole process, from pre-approval to keys.
Where Is Lexington Chase in Southwest Las Vegas?
Lexington Chase sits in the Enterprise area of southwest Las Vegas, near Blue Diamond Road and the 215 Beltway. According to Richmond American, the community opened in early 2026 with a small set of two-story plans, in one of the valley's fastest-growing and most convenient corridors. The 215 gives residents quick access to Summerlin, the airport, and the Strip, while the southwest's newer schools, retail, and proximity to Red Rock recreation round out the appeal.
For an Elm buyer, that location matters. Southwest Las Vegas has newer infrastructure than much of the valley, the commute times are manageable via the Beltway, and the area's steady growth supports resale liquidity. According to the U.S. Census Bureau, the southwest and Enterprise areas have absorbed a large share of the metro's growth, which keeps demand strong. Confirm the current HOA dues and gate status for Lexington Chase before relying on them, and see our Las Vegas city guide for the broader market. If a fully gated community is a priority, our guard-gated communities overview is a useful comparison.
How Does Richmond American's Home Gallery Work?
Richmond American builds to order and centers personalization on its design center. According to Richmond American, buyers of select to-be-built homes personalize finishes and options at the Home Gallery™ — the Las Vegas Home Gallery is at 7770 S. Dean Martin Drive. You choose flooring, cabinetry, countertops, fixtures, and available structural options there, so the base price is a starting point and your selections add to it.
For an Elm buyer, that model is a real advantage with a caveat. The advantage: you direct your budget to what matters — maybe the fifth-bedroom conversion, the owner's-suite sitting room, or durable flooring — rather than a preset package. The caveat: options add up, so a fully-selected Elm can land above base. The discipline is to set a Home Gallery budget before you tour the upgraded model, so you're comparing the base to your realistic all-in number. In our experience, the design center is where new-construction budgets quietly balloon — so we walk clients through a realistic options figure before they sign.
How Energy Efficient Is the Elm?
More than most resale homes, and Richmond American gives you a number to prove it. According to Richmond American, the Elm carries a projected HERS® index around 49. The HERS (Home Energy Rating System) scale is the industry standard: a lower score means a more efficient home, a standard new home scores around 100, and a typical existing resale home scores around 130. An Elm near 49 is dramatically more efficient than both — one of the lower scores you'll see on a production home.
In Las Vegas's cooling-heavy climate, that efficiency translates to real monthly savings. A tighter, better-insulated envelope and efficient systems can cut cooling bills substantially versus an older resale home of the same size. When you compare the Elm to a resale home at a similar price, factor in that lower operating cost plus the full builder warranty. A new home near 49 on HERS versus a resale near 130 can save enough on energy over a few years to offset a meaningful share of any price difference — before you count not having to replace a roof or HVAC.
How Does the Elm Compare to Other "Feels Bigger" New Homes?
Several builders design for the same outcome, and it's worth knowing the alternatives. The Elm's edge is the combination of a value-collection price, a two-story loft with open volume, and a convertible fifth bedroom on a single plan.
| Dimension | Elm (Lexington Chase) | A smaller open-concept plan |
|---|---|---|
| Approx. size | about 2,780 sq ft | about 2,100 sq ft |
| Bedrooms | 3–5 + loft | 3–4 + loft |
| Feels-bigger levers | Open great room + 2-story loft + flex 5th bed | Open great room + loft |
| Collection | Seasons (value) | Varies |
| Best for | Buyers wanting max flex space | Buyers wanting a smaller footprint |
If you love an open plan that lives large, the Elm competes well — the two-story loft and convertible fifth bedroom give it more range than a smaller open-concept home. Buyers comparing "feels bigger" designs across builders should also see our tour of a similarly open KB Home Plan 2124, and if garage space matters more than bedrooms, the single-story Darius at Newbridge is worth a look. The right choice comes down to how much flex space and how many bedrooms you actually need.
What Should Buyers Know About Buying New Construction From Richmond American?
The most important thing is that the on-site sales agent works for Richmond American, not for you. That's their job — but it means the person quoting the Elm's price, the fifth-bedroom and sitting-room options, the builder's affiliate financing, and the homesite premium is representing the builder's interests. According to the Nevada Real Estate Division, buyers are entitled to their own licensed representation, and on nearly every builder transaction that representation costs the buyer nothing because the builder has already budgeted a co-broke commission into the price.
Where your own agent earns their keep on a home like this is in the details: confirming the Elm's current price and which options are included, verifying the gate status and HOA, negotiating incentives (builders defend base price but move on rate buydowns and closing-cost credits), and keeping the appraisal on track once your Home Gallery selections are locked. In our experience, unrepresented buyers leave the most incentive money on the table — because no one at the table was on their side. Bringing your own agent costs you nothing, and if you'd like to line up financing first, we're happy to help you get a pre-approval.
What Should You Ask Before Buying the Elm?
A build-to-order home with flex options adds a few questions a resale purchase doesn't. Before you commit to an Elm homesite, get clear, written answers on the items below.
| Ask about | Why it matters |
|---|---|
| Elm's current base price | It's the largest plan; priced above the community entry |
| Study-to-5th-bedroom + 3rd bath option | Confirm the conversion and its cost for your home |
| Owner's-suite sitting room / balcony | These options change the upstairs footprint |
| Gate status + HOA for Lexington Chase | Confirm both and the all-in monthly figure |
| HERS score for your specific home | The efficiency number affects your utility bills |
| Builder incentives (rate buydown / credits) | Usually more negotiable than base price |
The fifth-bedroom conversion is the option buyers most often ask about, and it's the one that decides whether the Elm is a three-bedroom-plus-office or a true five-bedroom for your family. We confirm exactly which options a specific home carries for every client, so the flexibility you're paying for is actually built in.
How Does the Elm Compare to a Resale Home in Southwest Las Vegas?
It's the comparison worth running, because in the upper $500,000s to low $600,000s you'll have resale options in the same range. A comparable resale home might offer slightly more raw square footage for the money — but square footage isn't livability, and that's where the Elm's design earns its keep. Many older resale homes at this price were built with formal, walled-off rooms — a separate living room, a separate dining room, a closed kitchen — that consume square footage without adding the open, spacious feel buyers want today. The Elm's open great room and two-story loft can make it live larger than a resale home with a higher number on the listing.
Then there's the cost-and-condition gap. A resale home is sold as-is, carrying whatever wear its roof, HVAC, and systems have; the Elm arrives with a full builder warranty, brand-new systems, and a projected HERS index around 49 versus roughly 130 for a typical resale — a difference that can save hundreds of dollars a year on cooling in Las Vegas. Add it up and the new home often wins the total-cost math even when the resale sticker looks $10,000 or $20,000 lower, because you're not facing a $15,000 roof or a $8,000 HVAC replacement in year three. According to the Federal Housing Finance Agency, the Las Vegas metro has posted strong long-run home-price appreciation, and a flexible, efficient floor plan in a growing southwest corridor tends to hold value well. And when it's eventually time to sell, the convertible fifth bedroom and open feel widen your buyer pool. We run that resale-versus-new comparison honestly for every client before they decide.
Why Tour Las Vegas New Homes With Nevada Real Estate Group?
Because the person who represents you should work for you. Nevada Real Estate Group is the #1 real estate team in Nevada, with more than 9,600 closed transactions and over $4.85 billion in career sales volume across our 150-plus-agent team — and deep experience across the valley's builders and communities. When you tour the Elm or any Richmond American home with us, you have independent representation at the builder's table at no cost to you, plus a team that knows Lexington Chase, the option pricing, and where the builder actually moves on incentives.
If you're weighing the Elm against other options — or relocating to the valley — start with our new construction guide and buyer resources, read our take on moving to Las Vegas, browse live Las Vegas homes for sale, or contact us directly. Reach Nevada Real Estate Group at (702) 637-1759 and we'll set up a private tour and walk the all-in Elm numbers with you before you sign anything.
Frequently Asked Questions
What is Richmond American's Elm?
The Elm is a two-story home at Lexington Chase in southwest Las Vegas — about 2,780 square feet with 3 to 5 bedrooms, 2.5 to 3 baths, and a 2-car garage, in the value-focused Seasons Collection. It's the largest of the community's three plans. Confirm the current price and configuration with Richmond American.
Why does the Elm feel bigger than its square footage?
Design. An open great room, a two-story loft with volume open to the floor below, few dead-end hallways, and flex rooms make the home read as larger than 2,780 square feet. Buyers often describe it as feeling like a home several hundred square feet bigger.
How much does the Elm cost in 2026?
Lexington Chase starts in the upper $500,000s — from around $576,950 for the smaller plans. The Elm is the largest plan, so its base sits above the entry point; Richmond American lists it as "contact us." That works out to roughly $216 to $234 per square foot. Confirm the current price with the builder.
Can the Elm be a five-bedroom home?
Yes. The main-floor study converts to a fifth bedroom, with an available third bath, so the same plan works as a three-bedroom-plus-office or a true five-bedroom family home. Confirm the conversion and its cost for your specific homesite with Richmond American.
How energy efficient is the Elm?
Richmond American lists a projected HERS index around 49 for the Elm. Lower is better on the HERS scale, where a standard new home scores about 100 and a typical resale home about 130 — so the Elm is dramatically more efficient, which lowers utility bills in Las Vegas's cooling-heavy climate.
Should I use my own agent to buy a Richmond American home?
Yes. The on-site agent represents Richmond American. Your own representation typically costs you nothing on a builder purchase and helps you confirm the price and options, verify the HOA and gate status, negotiate incentives, and manage the contract and financing. Call us at (702) 637-1759.
Which Sources Inform This Elm Guide?
This guide combines Richmond American's published plan and community materials, public demographic and tax data, and Nevada Real Estate Group's own experience representing new-construction buyers in southwest Las Vegas. Plan-specific figures (size, HERS, community pricing) were sourced to Richmond American for the Elm at Lexington Chase; where the Elm's specific price wasn't published, we flagged it as confirm-with-builder.
- Richmond American — Elm at Lexington Chase
- Richmond American — Lexington Chase community
- Richmond American — Lexington Chase debut (PR)
- Richmond American — Homepage
- U.S. Census Bureau — QuickFacts
- Nevada Department of Taxation
- Clark County Assessor
- Nevada Real Estate Division
- U.S. Department of Housing and Urban Development — FHA
- Federal Housing Finance Agency
Nevada Real Estate Group · Chris Nevada · LPT Realty · License S.181401 · (702) 637-1759 · Equal Housing Opportunity. Floor-plan sizes, pricing, and features are subject to change by the builder and vary by community; confirm current details with Richmond American before making an offer.
