Las Vegas Luxury Condos, Strip High Rises & Lofts, Luxury Homes Real Estate & Lake Las Vegas News by Award Winning Las Vegas Luxury Real Estate Agent and 47 year Las Vegas Resident, June Stark. Bookmark this blog to read the latest news in Las Vegas & Henderson NV real estate focusing on high rises, luxury condos for sale in Las Vegas & the Luxury Gated Neighborhoods of Henderson NV. NRED LIC> # B.S. 4430
Buy them While you Can - Las Vegas Mid & South Strip Condos For Sale
The Raiders are Coming! Ever since the announcement of the new Raiders Stadium, center strip high rise condos, South Strip High & Mid Rise Condos have been selling and inventory has been shrinking. Many investors want to list their condos for rent on AIR BNB or VRBO.COM.
Because Las Vegas hotel condos do permit short term and nightly rentals that can be managed by the owner, placed the on site rental program, or via a 3rd party rental program, at this point in time, these are #1 in interest level for investors and second home buyers who want the capability of using their condo when they come into town and having it rented out when not in use.
There are no new high rise or mid rise condo projects being built on and near the Strip at this time. Nor any new ones planned.
Center Strip Las Vegas Hotel-Condos that can be Rented Nightly
135 E. Harmon Avenue # 3702 ( CORNER 1 BR) and 3704 ( STUDIO)
Every once in awhile, a high rise condo property comes to market that is a rare find. This condo pair is just that. Located on floor # 37 in a tower that is 38 stories - these penthouse units are simply amazing. ( At the MGM Signature, floors # 29 & up are considered penthouses as the ceilings are a foot higher).
The one bedroom corner condo features a balcony offering expansive views. There is a master bedroom with an owner's closet and a washer/dryer combo unit in another closet, King size bed, Queen sleeper in the living room and 1 3/4 baths.
Adjacent ( with no connecting door) is a fully furnished studio condo. These units share a common vestibule whose doors to the hallway can be locked for privacy. Totaling 1394 square feet, these units can be rented separately. They are currently in a 3rd party rental program, ( not one of the best by a long shot, in my opinion), but can be placed in the MGM On site rental program or another 3rd party rental program such as Jet Luxury Resorts, which offers a 75% split to the owner.
RARE 37th Floor PENTHOUSE COMBO UNITS: 1 BR Corner Condo + Studio Suite in SIGNATURE MGM TOWER B. Luxurious Master Baths, Floor To Ceiling Glass! 10' Ceilings! SEE IT ALL from the 37th Floor-Top Golf, Mountains, Pool & City Views! Enjoy all Signature MGM amenities & Owner Perks: fitness center, Starbucks, gorgeous pool, cafe, business center. Walk everywhere!
**Units can be sold together or separately ( $400k for the 1BR. $285k for Studio#3704).
Take Advantage of the New Tax Laws 20% Pass Thru Deduction for LLC's & Effortlessly Own A Dream Condo in the SKY!
Take the Virtual Tour
FABULOUS PANORAMIC LAS VEGAS STRIP VIEWS FROM THE 24TH FLOOR OF PALMS PLACE LUXURY HIGH RISE CONDO TOWER. FULLY FURNISHED: 2 TVS, KING BED, SOFA SLEEPER, MARBLE CLAD BATH, STAINLESS KITCHEN APPLIANCES, HARDWOOD FLOORING, FLOOR TO CEILING GLASS. TERRIFIC LOCATION MINUTES FORM THE FUTURE RAIDERS STADIUM, T-MOBILE ARENA, AND WORLD CLASS SHOPPING, DINING & ENTERTAINMENT. ON SITE OPTIONAL RENTAL PROGRAM OR MANAGE YOURSELF. NIGHTY RENTALS PERMITTED. OR AIR BNB IT. FLEXIBLE RENTAL OPTIONS!
We were hoping that the new year would roll right in. Rather than rolling, real estate wise, it is more like a gold rush to acquire properties.
Here is a link to a realtor.com article placing Las Vegas as the #1 market that will rule in 2018 - CLICK HERE.
Our market is brisk, with Las Vegas Strip area condos selling really well, prices and rents trending up, and inventory declining to some of the lowest levels we have seen in years. Center Strip, around the Harmon Corridor and South Strip have especially strong sales. North Strip Condos such as SKY LAS VEGAS and Allure are still depressed price wise and selling at about 1/2 the current build able replacement value. I expect that in years to come, these prices will appreciate significantly.
Summerlin Condos are also quite low in inventory. With the opening of the new Downtown Summerlin Mall, it seems that well priced and located townhouse and condo inventory are also at all time lows.
If you are an investor, or one of the many buyers relocating from California ( there is a mini -exodus going on now), our team has the knowledge and skills to help you navigate the challenging market - There are still deals out there to be had, but buyers need to act quickly to avoid multiple offer situations.
Looking for a great Las Vegas Condo Deal - give us a call. As a 46 year Las Vegas resident and 2 native Las Vegans - we know our stuff and the Las Vegas real estate market as a whole.