Lake Las Vegas will be a completed project in five years. The last phase of the 3,600 home master-planned community is a 60-acre luxury development completely surrounded by water. Named The Island, the community will be accessible by land bridge and feature homes built by Toll Brothers and Blue Heron. Custom lots will also be available. Most of the Lake Las Vegas waterfront lots have already been sold, making The Island a superior destination that buyers have been seeking for years.