Buying a Las Vegas Luxury High Rise Condo Where Real Estate Professionals Do, is a Smart Move
Posted by - January 14th, 2008
Categories: High Rise Condos
Most people know that in Las Vegas we are in the midst of a screaming buyers market…you don’t need a real estate professional to tell you that. BUT, if you are a buyer looking to take advantage of some of the great opportunities available in the Las Vegas High Rise Condo market following the path of real estate professionals can be a very smart move.So where in Las Vegas do real estate professionals invest their money and why.
At the Garcia Group we are real estate professionals, and investors in the the Las Vegas High Rise Condo Market, we can share the What, Where and the Why of purchasing luxury property in this phenomenal city.
WHAT High Rise Communities?
The three most popular pure residential communities purchased by real estate professionals are Turnberry Place, located on Paradise Rd., Turnberry Towers, located on Karen Ave., and Sky Las Vegas on Las Vegas Blvd.
WHERE exactly, are these Communities Located?
These luxury communities are located in the north corridor of the Las Vegas Strip, all are located very close to three, multi-billion dollar mega resorts under construction. The first, (The $3 billion Fontainebleau) is scheduled to open in late 2009. Next will be the $5 billion Echelon, on the site of the former Stardust, then the $5 billion Plaza, just to the south of Echelon.
Even more is on the books for the north end of the resort corridor. Encore at Wynn Las Vegas is scheduled for opening late this year, MGM Mirage purchased the last large vacant parcel available on the Strip last year. They are working on a joint venture project for a 40 acre chunk on the corner of Las Vegas Blvd. and Sahara Ave. Look for details on this project later in 2008.
If all the building in Las Vegas makes you nervous take a look at this video of what CNBC had to say about the market in the prime Strip corridor.
WHY are these the Popular Communities with Real Estate Professionals?
Turnberry Place
Turnberry Place provides owners a lifestyle of luxury. If you appreciate world class amenities, security and extraordinary service this is the place for you. The four towers surround the most exclusive private club in Las Vegas, the Stirling Club. Membership is included with your purchase of any of these spacious units, each with it’s own private view balcony. Turnberry Place will be next door to the entertainment and dining options of the luxury Fontainebleau resort. Contact Tom 702-250-6355 or Amy 702-994-3850 for guidance on the inventory of the best available units and why we consider Turnberry Place to be highly undervalued in the present market.
Turnberry Place in background, Fontainebleau under construction
Turnberry Towers
Turnberry Towers offers breathtaking views with a touch of hip and modern style. If you appreciate views of the Las Vegas Strip and surrounding valley this is definitely a project to consider. We have access to inventory and exceptional deals not available to the general public, including Three Adjoining Penthouse Units that could be combined into a single world class Penthouse totaling more than 6,000 sq. ft of living space, preliminary plans have been completed and are available. Contact us for information on this private inventory, as well as other great deals in these contemporary towers.
Views from Turnberry Towers
Sky Las Vegas
Sky Las Vegas is all about location. This is the ONLY game in town if you are in the market to purchase a luxury high-rise condo with a Las Vegas Strip address. This will change until late 2009 when MGM Mirage CityCenter opens with its residential offerings. (prices at CityCenter start at $1000 a sq. ft.) SKY offers it’s residents high-end amenities in the heart of all the action. Our brokerage has the only 3-story Penthouse currently available in Las Vegas. This unit has over 5000 sq. ft. of luxury including it’s own elevator and an outdoor rooftop deck complete with outdoor kitchen and spa, as well as commanding views of the city and Strip. Contact Tom 702-250-6355 or Amy 702-994-3850 for information on this penthouse and the other popular floor plans available in Sky Las Vegas. Site location in this tower is critical here due to all the future development slated for the land surrounding the tower.
Strip view from SKY Las Vegas
There are some exceptional deals and incredible values available in all of these projects. Check out our January 2008 Best Deals blog for our list of the top 5 units available now.
Contact us and let us help you find your perfect piece of Las Vegas.
Luxury Realty Group inc, The Garcia Group
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