Cosmopolitan Las Vegas Condos – Las Vegas Condos For Sale

August 2, 2013

Anthony Phillips of Luxury Real Estate Management sets record with Cosmopolitan Condo Sale.

Anthony Phillips of Luxury Real Estate Management sets record with Cosmopolitan Condo Sale.

Anthony Phillips, co-owner of Luxury Real Estate Management, just sold Nevada’s highest priced condominium per square foot ever in the history of Nevada. The 599-square foot luxury condominium was sold at the Cosmopolitan Las Vegas for $675,000, a record of $1,126.88 per square foot. This one bedroom residence is on the 56^th floor and offers views of Bellagio, Veer Towers and Aria Resort and Casino.

“Cosmopolitan condos offer some of the best views of any property on the Las Vegas Strip and are the only condo opportunities with balconies on the Strip,” said Phillips. “Our office was honored to be chosen to represent this residence and are thrilled with the sale results. This particular condo sold for two to three times the price per square foot as other condos-hotels in Las Vegas.”

This Cosmo condominium features an expansive private terrace and telescoping doors separating the urban-inspired living area from a spacious bedroom. It has a decadent bathroom featuring marble tile and an authentic Japanese soaking tub.

Cosmopolitan condo residents enjoy the property’s world-class restaurants, nightlife, shopping, and benefit from easy access to the Bellagio Hotel and Casino and MGM’s CityCenter. For sale condo inventory is extremely low due to the fact that fewer than 20 condos are owned by private owners with the remaining condos being kept by the developer for hotel use. Cosmo condo owners can elect to place their residences in the hotel program to earn revenue.

About Luxury Real Estate Management

Luxury Real Estate Management is a leading luxury real estate and property management company providing a wide range of services including real estate sales, marketing, leasing, property management and investment analysis. Specializing in Las Vegas’ loftiest addresses, Luxury Real Estate Management is the single-source comprehensive solution for clients’ real estate needs. For more information about Luxury Real Estate Management, contact Anthony Phillips at anthony@lvluxpm.com or at (702) 482-8885, or visit http://www.LvLuxPm.com

About Anthony Phillips

Anthony Phillips is one of Las Vegas’ top producers in the sales and leasing of high-rise condominium residences. Phillip’s team at Luxury Real Estate Management have closed multiple transactions totaling millions of dollars in the majority of the condominium developments that now shape Las Vegas’ dazzling skyline. Before founding Luxury Real Estate Management, Phillips was project manager for homebuilding powerhouse Del Webb and a member of its seven-time J.D. Power & Associates award-winning team which built more than 2000 homes with sales in excess of $1 billion. Phillips holds an Executive Management in Finance Certification from Cornell University and various Realtor designations.

July 31, 2013

Cosmopolitan condo sets record for most expensive resale – VEGAS INC

A 599-square-foot condo on the 56th floor of the Cosmopolitan’s east tower recently sold for $675,000, or $1,126.88 per square foot.The deal, recorded July 5, is perhaps the most expensive resale per square foot in state history for any home, condo or otherwise, according to Luxury Real Estate Management co-owner Anthony Phillips, who sold the property.By comparison, the median price per square foot of previously owned single-family homes sold in Southern Nevada in June was $96, according to the Greater Las Vegas Association of Realtors.The one-bedroom condo on the Strip has a private terrace, telescoping doors, and a bathroom with marble tile and a Japanese soaking tub. The condo has views of the Bellagio, the Veer Towers condo complex and the Aria.

via Cosmopolitan condo sets record for most expensive resale – VEGAS INC.

July 17, 2013

2013 1st and 2nd Quarter Las Vegas Condo Market Report | MyLvCondoSales.com

Significant Improvements in the Las Vegas Market | MyLvCondoSales.com Market Report

The Las Vegas high-rise condo market continues to see significant improvements this year. Yearly average sale prices increased from $313,084 (2012) to $451,382 (2013 TYD) , and inventory continues to tighten in the majority of high-rise projects.

I have added a full market report spreadsheet to the following link.https://mylvcondos.com/2013/07/12/las-vegas-real-estate-market-data/

Our team at Luxury Real Estate Management also sold its Cosmopolitan re-sale listing at a record setting $1126/sf and holds the price/sf leasing records at Mandarin, Veer, Vdara and The Martin.

If you are thinking on purchasing a developer owned condo, you should always have agent representation. Our office will share ALL comps with you, provide a realistic expectation of rental rates/ROIs and we can often get additional concessions beyond what developers say is “bottom line pricing”.

Here is a brief summary of significant events:

Mandarin sold almost all of their grey shell inventory and a significant amount of finished residences. The developer is now offering up to 2 years of tax and HOA credits on Mandarin 1bds if purchased within the next 30 days, please email us for more information.

Veer Towers is offering a new program called “The Carefree Veer Life Leasing Program” where buyers can purchase condos with tenants in place and Veer will guarantee a fixed rent payment up to 2 years. Contact us for inventory and program details.

MGM has also announced that they are partnering with entertainment promoter AEG to build a retail district/stadium behind the NY-NY/Monte Carlo which should be a positive for Mandarin, Veer and Vdara. http://news.yahoo.com/mgm-aeg-develop-20k-seat-las-vegas-strip-171928652.html

Trump Tower is the new hot property in the condo-hotel segment due the announcement ofGenting’s new $5 billion project being built next door. In my opinion, there is upside potential on north facing residences because the Genting project will significantly improve North views.

See link for details:
http://www.vegasinc.com/news/2013/mar/05/new-genting-mega-resort-expected-be-big-boost-stri/

We have added an investment page on our website which shows both sales/leasing data for the majority of the high-rise projects, please visit http://www.mylvcondosales.com/investments/

Las Vegas Condo Stats from Jan through May***

Allure Las Vegas
Number of Properties Sold – 18
Avg Sale Price – $248,995
Avg Sale Price/SqFt- $194
Avg Days on Market – 128
Current Inventory on MLS – 23
Avg. Rent Year- $18,864
Avg. Rental Income- $1557
Avg. Days on Market-62
For current inventory, please visit:
http://www.mylvcondosales.com/las-vegas-strip-area-condos/allure-las-vegas/

Mandarin Oriental
Number of Properties Sold – 42
Avg Sale Price – $1,095,025
Avg Sale Price/SqFt- – $459 –most of these sales were unfinished so they had lower $PPSF ***
Avg Days on Market – 50
Current Inventory on MLS – 15
Avg. Rent Year-$43,380
Avg. Rental Income-$3615
Avg. Days on Market-74
For current inventory, please visit:
http://www.mylvcondosales.com/las-vegas-strip-area-condos/mandarin-las-vegas/

MGM Signature
Number of Properties Sold – 60
Avg Sale Price – $237,183
Avg Sale Price/SqFt- $380
Avg Days on Market – 83
Current Inventory on MLS – 68
Avg. Rent Year-$19,776
Avg. Rental Income-$1648
Avg. Days on Market-61
For current inventory, please visit:
http://www.mylvcondosales.com/las-vegas-strip-area-condos/mgm-signature-las-vegas/

Newport Lofts
Number of Properties Sold – 7
Avg Sale Price – $268,571
Avg Sale Price/SqFt- $171
Avg Days on Market – 93
Current Inventory on MLS – 6
Avg. Rent Year-$16,236
Avg. Rental Income-$1353
Avg. Days on Market-86
For current inventory, please visit:
http://www.mylvcondosales.com/downtown-vegas-condos/newport-lofts-las-vegas/

Palms Place
Number of Properties Sold – 24
Avg Sale Price – $262,094
Avg Sale Price/SqFt- $299
Avg Days on Market -61
Current Inventory on MLS – 18
Avg. Rent Year- $29,400
Avg. Rental Income- $2450
Avg. Days on Market-52
For current inventory, please visit:
http://www.mylvcondosales.com/las-vegas-strip-area-condos/palms-place-las-vegas/

Panorama Towers
Number of Properties Sold – 42
Avg Sale Price – $496,397
Avg Sale Price/SqFt- $239
Avg Days on Market – 123
Current Inventory on MLS – 21
Avg. Rent Year- $26,916
Avg. Rental Income- $2243
Avg. Days on Market- 52
For current inventory, please visit:
http://www.mylvcondosales.com/las-vegas-strip-area-condos/panorama-towers-las-vegas/

The Martin
Number of Properties Sold – 41
Avg Sale Price – $407,893
Avg Sale Price/SqFt- $311
Avg Days on Market – 46
Current Inventory on MLS – 17
Avg. Rent Year- $28,920
Avg. Rental Income- $2410
Avg. Days on Market-60
For current inventory, please visit:
http://www.mylvcondosales.com/las-vegas-strip-area-condos/martin-condos/

One Queensridge Place
Number of Properties Sold – 32
Avg Sale Price – $1,442,740
Avg Sale Price/SqFt- $400.89
Avg Days on Market – 50
Current Inventory on MLS -24
Avg. Rent Year- $69,540
Avg. Rental Income- $5795
Avg. Days on Market- 26
For current inventory, please visit:
http://www.mylvcondosales.com/summerlin-condos/one-queensridge-place/

]

Sky Las Vegas
Number of Properties Sold- 29
Avg Sale Price – $256,509
Avg Sale Price/SqFt- $214
Avg Days on Market – 79
Current Inventory on MLS – 16
Avg. Rent Year- $21,696
Avg. Rental Income- $1808
Avg. Days on Market-69
For current inventory, please visit:
http://www.mylvcondosales.com/las-vegas-strip-area-condos/sky-las-vegas-condos/

Turnberry Place
Number of Properties Sold – 30
Avg Sale Price – $481,339
Avg Sale Price/SqFt- $193
Avg Days on Market – 62
Current Inventory on MLS -32
Avg. Rent Year- $26,364
Avg. Rental Income-$2197
Avg. Days on Market- 65
For current inventory, please visit:
http://www.mylvcondosales.com/las-vegas-strip-area-condos/turnberry-place-las-vegas/

Turnberry Towers
Number of Properties Sold – 24
Avg Sale Price – $333,954
Avg Sale Price/SqFt- $259
Avg Days on Market – 67
Current Inventory on MLS – 19
Avg. Rent Year- $24,240
Avg. Rental Income- $2020
Avg. Days on Market- 67
For current inventory, please visit:
http://www.mylvcondosales.com/las-vegas-strip-area-condos/turnberry-towers-las-vegas/

Trump Tower (some developer sales are not reflected in this data)
Number of Properties Sold – 45
Avg Sale Price – $330,333
Avg Sale Price/SqFt- $481
Avg Days on Market – 59
Current Inventory on MLS- 35
For current inventory, please visit:
http://www.mylvcondosales.com/las-vegas-strip-area-condos/trump-towers-las-vegas/

Veer CityCenter (some developer sales are not reflected in this data)
Number of Properties Sold- 40
Avg Sale Price- $520,164
Avg Sale Price/SqFt- $446
Avg Days on Market- 80
Current Inventory on MLS- 24
Avg. Rent Year- $25,512
Avg. Rental Income- $2126
Avg. Days on Market- 25
For current inventory, please visit:
http://www.mylvcondosales.com/las-vegas-strip-area-condos/veer-citycenter-las-vegas/

If our team can help you buy, sell, lease or manage a Las Vegas high-rise condo, please give us a call/email.

Thanks,

Anthony J. Phillips
Owner/Realtor
Luxury Real Estate Advisors
Luxury Real Estate Management
3960 Howard Hughes Parkway Suite 500, Las Vegas, NV 89169
P: 702.482.8885 | F: 702-302-4486
MyLvCondoSales.com | MyLvHomeSales.com
High-rise Blog MyLvCondos.com
Property Management LvLuxPm.com

Data provided by the MLS and is deemed reliable but not guaranteed.

June 16, 2013

The Residences at Mandarin Oriental, Las Vegas

The Residences at Mandarin Oriental Las Vegas are a stylish luxury hotel and condominium development prominently located at the entrance of CityCenter, a brilliant urban resort destination at the heart of the Las Vegas Strip. Awarded the respected AAA Five Diamond Award rating and the Forbes Five-Star award for the Spa, the Mandarin Oriental Las Vegas offers fine-dining, a relaxing Spa, impressive accommodations and renowned service all steps away the world class amenities being offered at Aria, Bellagio and the Cosmopolitan Hotel and Casino

For current Residences available for sale, please visit http://www.mylvcondosales.com/las-vegas-strip-area-condos/mandarin-las-vegas/

June 7, 2013

Cosmopolitan Condo Sales Listing

A rare opportunity to live in one of the highest private residences of Las Vegas. This captivating residence provides endless views of the surrounding city and beyond with sliding glass doors opening to an over- sized private terrace. A large, luxurious bathroom features an opulent soaking tub and an exhilarating shower. Sitting atop the Cosmopolitan Resort Casino, owners enjoy world class amenities and all hotel privileges including room service, private concierge services & much more.

September 13, 2012September 13, 2012

Cosmopolitan Las Vegas Penthouse Condo For Sale | MyLvCondos.com

Cosmopolitan Las Vegas Condos For Sale | Terrace One Bedroom Residence at Cosmopolitan Resort Casino

A Rare opportunity to live in one of the highest private residences Las Vegas. This captivating residence provides endless views of the surrounding city and beyond with sliding glass doors opening to an oversized private terrace. A large, luxurious bathroom features an opulent Japanese soaking tub and an exhilarating shower. Sitting atop the Cosmopolitan Resort Casino, owners enjoy world class amenities and all hotel privileges including room service, private concierge services & much more.

For more information, visit http://www.mylvcondosales.com/cosmopolitan-condos/

Cosmopolitan Las Vegas Condos For Sale

Cosmopolitan Las Vegas Condos For Sale

Cosmopolitan Las Vegas Condos For Sale

August 6, 2012

Cosmopolitan Las Vegas Condos For Sale | MyLvCondos.com

Enjoy the panoramic views of the Las Vegas Strip from your Cosmopolitan Las Vegas Condo

This residence features glass doors that open to an expansive wraparound private terrace. With panoramic views of the Vegas skyline, this condo boasts a sleek, modern kitchen featuring Sub-Zero refrigerator, microwave and stove.

Cosmo condo amenities include: