are the hottest selling properties in an already booming
marketplace and Las Vegas is fast adopting the urban
With over 80% of Nevada owned by the US government,
land-starved developers are going vertical to meet the
demand for housing in the fastest growing city in the
There are currently plans in development for over 50 mid
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.
High Rise Condos and
Lofts - 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
high rise condominiums. There is also a certain cache attached to owning a
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 condos for sale in Las Vegas are pre-selling far in advance of actual
construction, and many are purchasing
multiple units in several complexes.
Las Vegas condo hotels
- These luxury suites
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
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 City Center, and the Platinum are prime examples of this
blossoming new industry.
Downtown Las Vegas - Mayor
Oscar Goodman is dedicated to the renaissance of the
"Old Strip" area in downtown Las Vegas. To that end there
are over $14 billion in proposed projects due to be
constructed within the next five years including the 12
million square foot World Market Center, the 120 shop
Premium Outlet Mall and The Alzheimer's research center. The
downtown area has been divided into sections including an
Entertainment District, an Arts District, a Medical District
and a Business District all focused around a community of
urban high rise living. Soho Lofts has already been
completed, Streamline Tower is well under construction and
various other loft and high rise projects are underway.
Whether you are an investor looking for an exciting
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 at 702-985-7654 and let
us help you make the right choice.
Las Vegas Luxury High Rise Condos