Las Vegas Business Press - Condo Project Finished

Condo project finished at Pahrump driving club

Sixteen-unit, $1.5 million project is at Spring Mountain Motorsports Ranch

Las Vegas Business Press

Real estate developer John Morris recently completed a $1.5 million, 16-unit condominium project at Spring Mountain Motorsports Ranch in Pahrump, a private club for driving enthusiasts who want to sharpen their skills at professional driving schools and on the 4-mile road course.

The one-bedroom condos are rented to club members and driving school students for $95 to $120 a night. All units include kitchenettes, private baths and wet bars, and five of the units have rear balconies with views of the road course.

Garages on the first floor are large enough for race teams with several cars or groups of friends who like to share setup tips, Morris said. The building is in the middle of the entire complex for large event weekends when the upper paddock is busy.

Condos used specifically for the driving schools are booked solid for the first few months of the year, Morris said. Overall, business at Spring Mountain Motorsports Ranch is up 50 percent from last year, he said.

"We're staying booked all week long. We're doing more events for manufacturers like Kia and Lamborghini," said Morris, who bought the 193-acre property for $6 million in 2006. "I think the economy seems to be improving. Our business is a lot better than it was in 2009 and 2010."

Chevrolet provided two days at Ron Fellows Advanced Driving Schools for buyers of the Corvette ZR1. It's a package worth about $2,500, Morris said, and most people pay an extra $1,200 to stay for a third day. Participants come from around the country, and from Canada, Europe and Australia, he said.

Other Spring Mountain Motorsports Ranch amenities include an 8,000-square-foot clubhouse, pool and spa, fitness center, indoor shooting range and flying club. Membership packages run from $5,000 to $50,000, depending on the level of use.