Even at the Palms Place, where most buyers were the young and the wealthy with cash to burn, there were some buyers that knew a good investment when they saw it. They took the plunge and plunked down a 20% deposit on one of the elegant Palms Place condo hotel units hoping to make a bundle by the time the property was built.
Unfortunately in the meantime the national economy stalled and the Las Vegas real estate market dropped. Now, almost four years later, many of these same buyers are unable to obtain financing in the aftermath of the subprime market debacle. They are desperate to find a buyer just to recoup part of their deposit.
The units below are all available on the pre closing market. The original purchasers of these units want to assign thier contracts prior to closing with the Palms, and these prices are far lower than the units that have closed and are already listed for resale! Check out the one bedroom unit for only $700k! Now THAT is MOTIVATED!!
| 1 Bed | Strip | 1.199,000 |
| 1 Bed | Mountain | 1.088,000 |
| 1 Bed | Mountain | 1.088,000 |
| Studio | Strip | 651,900 |
| Studio | Strip | 615,000 |
| Studio | Mountain | 537,000 |
| Studio | Mountain | 525,000 |
| Studio | Strip | 548,000 |
1 Bed Strip 700,000 - Deal of the Day!
* All units are fully furnished
* Closing March 2008
* Studio (approx) 620 Sq. ft.
* 1 Bedroom (approx) 1,220 Sq. ft.
**Please note, the units are all on the upper level floors. Residential units start on the 8th floor. Floors 13, 14 and all of the 40's have been skipped due to superstition.
If you would like to find out the details on the assignments, please give me a call at 702-985-7654 right away!
If you can't quite afford the Palms Place but really want to buy Las Vegas high rise condos, there are also some GREAT deals to be had in the Residences at MGM starting in the high $300s.
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