Your own Strip kingdom awaits: If you can afford it [Vegas Strip]

Your own Strip kingdom awaits: If you can afford it [Vegas Strip]

If you missed out on last year’s $1.2 billion sale of the New Frontier, now is your chance to snap up 27 acres of land just south of the Sahara — one of only two major Strip-facing parcels listed for sale.

But it’s going to cost you — a lot.

You’ll be dealing with developers Christopher Milam and Australian casino giant Crown Ltd., which have plans to build a $5 billion, 1,064-foot-tall resort there called Crown Las Vegas.

LVTI, a joint-venture company involving Milam, Crown, IDM Properties and York Capital Management, has an option that expires June 30 to buy the property — the site of the old Wet ’n Wild theme park — for $475 million, or $17.6 million per acre. So you can expect to pay more than that for the land, especially because LVTI needs to at least make back its investment and would hope to make a profit.