Las Vegas Condos
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Las Vegas Condos |
MGM City Center
Open for Sales!
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Las
Vegas condos
are the choice of overseas buyers for vacation homes and Las Vegas is fast adopting the urban
lifestyle.
With over 80% of Nevada owned by the US government,
land-starved developers are going vertical to meet the
demand for housing.
There are currently projects underway for over 12 mid
rise and
high rise condos for the Las Vegas Strip
area alone, as well as the new breed of real estate
investment - the
Condo Hotel. And
condo conversions - apartment
complexes renovated to upgraded condos - are another facet in the investment marketplace.
And of course there are also many
Las Vegas foreclosures to take advantage of as well! Las Vegas condo hotels cater to sophisticated investors by offering lavishly appointed fully furnished units, onsite leasing agents and nightly rentals tied to the local casinos. When the owner is not in residence they are maintained and leased out to hotel guests by a professional property management company on behalf of the owner, and the demand for these complexes is so high that many projects are sold out before ground has even been broken. Cosmopolitan, Trump Tower, the Residences at MGM Grand, the MGM CityCenter, and the Platinum are prime examples of this new industry. There are some sizzling deals to be had in both the Residences and the Trump properties. Residential High Rise Condos - Developers are focusing on the local market and targeting young professionals who prefer to live and work on the Strip with all the amenities of a luxury hotel. There's an increasing customer base that prefers urban housing products such as lofts, live-and-work office lofts and high rise condominiums. "It's a lifestyle choice for those Generation-Xers like you see in the `Friends' TV show. It's an emerging market," according to Carina Corporation President Mark Doppe. Carina is building several loft-style condominium complexes throughout the Valley to meet this demand. There is also a certain cache attached to owning high rise condos, and quite a few celebrities are purchasing Las Vegas penthouse condos for their own use. Many investors are taking advantage of the fact the most of these condominiums for sale in Las Vegas are pre-selling far in advance of actual construction, and many are purchasing multiple units in several complexes. Residential Mid Rise Condos - There is also a growing demand for more modestly priced condominium projects that still offer many of the amenities enjoyed by the more expensive high rise communities. New mid rise projects like Manhattan West offer a complete neighborhood environment with shops, restaurants and work spaces in the suburban Las Vegas neighborhoods to residents who want to take advantage of a more care free lifestyle. Whether you are an investor looking for a preconstruction opportunity or a homeowner looking for the luxury amenities, the variety of condos for sale in Las Vegas offers an amazing (and bewildering!) array of choices. Our Prudential agents are experts in helping you choose the perfect real estate investment to fit your portfolio as well as your lifestyle, so give us a call today and let us help you find the perfect property. Read more about the Las Vegas high rise
condo market in these articles. |
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Keep up to date on the market on these news blogs.
Las Vegas Condo Blog
Las Vegas Real Estate Blog
Las
Vegas Homes Blog
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Last Updated
February 03, 2009
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