Las Vegas Real Estate News

Where can you find a selection of Las Vegas high rise condos at under 400k? Ask the Las Vegas high rise experts, the Stark Team, and we will let you know. There are a few resale condos in Panorama Towers and Turnberry Towers and Allure at these much sought after price points.

Put our expert and tenacious negotiating skills on your side & we will get you the deal you are seeking.

We recently represented the buyer in the purchase of a 30th floor 1 bedroom in Turnberry Towers at $390k!  The Seller paid over $ 500k for the 1 bedroom 814 sq. ft. unit with amazing views!

We represented another buyer in the purchase of a 2 bedroom 1450 sq. ft. pool view condo at Turnberry Towers for $465k.  The seller paid $630k for the 2 bedroom at preconstruction pricing.

Looking to find to find a great luxury condo deal at bargain pricing that matches the ones above? 

Contact us today! 702 376-5220

Visit us at www.LasVegasCondoExperts.com  and   www.LasVegasCondoBargains.com

Resale condos at George Maloof's super-cool and hip Palms Place have hit the Las Vegas Condo market.  There are studios priced from the high $600k range now available. These are hotel-condos that are offered fully furnished and can be placeed in a rental program when not in use.  For more info on these condos visit www.palmsplace.com and then contact the Las Vegas high rise experts, The STARK TEAM and put our experience and tenacious negotiating skills on your side.

E-MAIL US TODAY FOR A COMPLETE LIST OF PALMS PLACE RESALE CONDOS

DELIVERED RIGHT TO YOUR IN BOX

COURTESY OF THE STARK TEAM

PALMS PLACE CONDOS HIGH RISE EXPERT REAL ESTATE AGENTS

702 376-5220

junestark@msn.com

With WYNN's Encore getting ready for completion, the visionary Steve Wynn has announced plans for the next phase of expansion at the north end of the strip. How clever was Steve Wynn to purchase the former Desert Inn golf course?  With land values so dear, he is in the driver's seat for future development. No plans for luxury condos have been announced but here is a bit about what the next phase of development might entail:

Proposed Wynn Golf Course Development

Wynn wants to build a 1.5-million sg. ft. convention center and two luxury hotels with a total of about 5,200 rooms as well as a a 20-acre lake similar to the lake at Bellagio, Imagine convention suites and exhibits surrounding the lake. As for luxury high rise condos at the WYNN?  There is no news of any such venue as of now. We do get calls asking for placement on a priority list for the WYNN condos, but no such condo plans exists as of now. The Venetian and the Palazzo have the Sands Convention Center at their disposal, and Steve Wynn is not about to be topped by Sheldon Adelson.  All future development at WYNN for now plans to be commercial in nature.

Metropolis Las Vegas Condos

The high rise condos at the Metropolis already have a great view of the Las Vegas Strip and the WYNN GOLF COURSE.  If the 20 acre lake is placed in the view corridor of thes high rise units, they could become some of the most coveted in Vegas.  I have not seen any plans or plat of the expansion - so I have no idea of the new layout of the lake area, but the views from Metropolis already take in most of the course.

STAY TUNED for updates.

CLICK HERE TO VIEW ALL RESALES AT METROPOLIS HIGH RISE CONDOS IN VEGAS

At present, there is a great foreclosure deal at the METROPOLIS. 

WANT TO KNOW MORE?

CONTACT THE STARK TEAM TODAY!

Contact the STARK TEAM for all Your Luxury Las Vegas Condo Needs.

TURNBERRY PLACE TOWER 1

Luxury High Rise CONDO FOR RENT

$3400 Per Month - Fully Furnished & Appointed

Turnberry Place is a guard gated enclave one block east of the Las Vegas Strip.  This 2050 sq. ft. condo has every amenity imaginable - even Tempurpedic mattresses in the Dual masters!

Take the TOUR of $ 704 in Tower One

Contact Travis Scholl at 702 232-5376 to Preview

Stirling Club Membership is Optional and Available for  about $ 386 per month

Turnberry Towers is one of the most elegant & stunning new high rises to grace the Las Vegas skyline.  What I especially love about the East Tower (Tower 1) is its gorgeous views of the Las Vegas Country Club as well as the strip. I also like the fact that there is relatively little traffic on Karen Road, where the twin high rise towers are located, the proximity to the monorail, and the innovative flow thru floorplans with bi-directional balconies, and large site with tropical landscaping and every amenity possible including a high tech computerized valet & reservation system - sort of a concierge at your fingertips.

As of yesterday, Tower 1, the east Turnberry Tower, had 106 resale units on the market which exclude any remaining developer inventory. These luxury high rise condos were purchased at the peak of the market & for the buyer of 2008 - the price conscious Las Vegas condo predator(tm)  - the price per square ft. is just not that attractive, despite the amazingly stunning lobby, innovative condo design. In today's market, price is key.

The West Tower, Turnberry Towers 2, will open as soon as next month at even higher prices per square ft. than Tower 1. We are now seeing MANY Turnberry Tower East units selling for as much as $100k under what the owners paid in the preconstruction stage.  These owners had to put 30% down, interest free, during the preconstruction stage, then incur closing costs & mortgage payments?  From an investment viewpoint, the preconstruction purchase of units in Turnberry Towers was a really poor one, despite how gorgeous these condos were. (We did not place even ONE of our clients in these towers during the preconstruction stage- little wonder we have such a loyal clientele base!). We always believe that the best way to make an good real estate investment into real estate is to make money on the way in, which always makes exiting easier. How soon will it be until we see even more huge price drops in Turnberry Towers East?

Tha Stark Team tracks the bargains and deals in each Las Vegas high rise tower.  We know which owners have purchased multiple units that are vacant & which owners are becoming increasingly aggressive on their pricing.  CONTACT US and ask for the high rise condo steals and deals in TURNBERRY TOWERS, they are out there. With only 4 resale units having closed in the open market - these prices have to keep on coming down. Just do the math on the absorption rate.

Take a look at the photos below & see why we feel that these Turnberry Tower condos are so attractive AT THE RIGHT PRICE. Interested in buying one of these amazing Turnberry Tower high rise units for a long term hold in your real estate portfolio? Register with us

WIth all the talk of foreign investors wanting to take advantage of the weak dollar and the strong buyer's market, one would think that the inventory in the high rise condo towers on & near the Vegas strip would be absorbed well.  What I am finding is that the interest is there but the loans are not.  I have buyer's coming in from England & Canada wanting to buy units in these stunning luxury condominium towers, but low and behold, the lenders are now requiring 50% down payments from these folks.

Just a few months ago, these foreign nationals needed just 30% downpayments. Why hasn't the Fed addressed that issue?  Why  - with the dollar so weak and the time so ripe for foreign nationals to buy, did these loan programs fizzle?

If any lenders out there have a line to more favorable downpayment terms for foreign investors, please contact me.  Your services are greatly needed!