It's very unusual knowing the high land prices for a Las Vegas Blvd premium address to see a luxury condo come onto the market under $300,000. That has just happened in Sky Las Vegas which is currently the only luxury high rise located on the Las Vegas Strip resort corridor.
The one bedroom condo is currently priced at $292,000. This condo has many upgrades such as granite kitchen counters and a jetted tub in the master bath.
With only 4 miles of the Strip resort corridor which consists mainly of casino hotels like Bellagio, Palazzo and Wynn, available land to build is very limited and expensive even in these times. The developers of Sky Las Vegas informed me that you could not rebuild this one bedroom condo for its current price in today's market. Of course we're not implying instant appreciation but replacement cost analysis will show this condo to be a great opportunity for the right buyer.
Contact Bruce Hiatt at (702) 456-7080 x201 and let's create a referral opportunity for your buyer and Luxury Realty Group.
Luxury Realty Group is recognized by the press as a leading brokerage on the Strip. They can be seen on networks and in publications such as CNBC, Forbes Magazine, Details, LV Business Press, Wall Street Journal, The Review Journal, Los Angeles Times and USA Today.
Disclaimer: All information contained within this post is subject to change without notice. Subject matter is not guaranteed and is often considered time-sensitive.