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.
The Residences at Mandarin Oriental, Las Vegas serve as the premier Las Vegas Boulevard address and is part of CityCenter’s 67-acre, $8.6 billion urban resort destination developed by MGM Resorts. The architectural vision that is CityCenter encompasses phenomenal dining, shopping, nightlife, and an innovative public art program.
THE MODERN CONDOS For Sale in Las Vegas
8925 W FLAMINGO RD 101, LAS VEGAS 89147
The Modern’s living experience brings together modern architecture, resident-only resort quality amenities, and dramatic views of the Strip and the surrounding Red Rocks mountains.
Residents of The Modern enjoy:
Resort Style Pool & Spa with Cabanas
Private Two Story Fitness Facility w/ Dry Sauna & Steam Room
Rooftop Sundeck with Wet Bar, BBQ’s & Cabana
Fire Pits & Water Features
Pet Parks
Gated Community
Professional On-site Concierge
Subterranean Parking Spaces
Exquisitely Upgraded
European Style Cabinetry
Travertine & Solid Surface Countertops
High Ceilings Approx. 10 to 21 feet
For more information, please email Anthony@mylvcondosales.com
Mandarin Oriental Las Vegas condo residents are treated as permanent guests of the Mandarin Oriental Las Vegas and enjoy privileged access to all the amenities and intuitive service of this ultra-luxury landmark hotel. Mandarin Oriental condo owners have 24-hour access to gourmet cuisine, doorman, housekeeping, valet services, and a concierge service dedicated exclusively to Mandarin Oriental condo owners, as well as a delightful array of dining, entertainment and well-being facilities, including a 27,000-square-foot spa and 8th Floor pools and decks.
The Mandarin Oriental Las Vegas 5 star luxury hotel/residences at Citycenter sets new standards in service, spa and dining in the heart of the famed “Las Vegs Strip”.
It looks as though the Las Vegas High-Rise condo market is finally starting to rebound.
When comparing the 1st and 2nd quarters of this year, average price per square foot increased from $213 to $256 and the length of time it takes to sell a condo reduced from 127 to 72 days. We are seeing inventory shrinking at the majority of the projects which should improve pricing in the 2ndhalf of the year. We are also seeing banks start to loan on at least ½ of the condo projects which will increase the buyer pool/demand over the next 12 months.
Las Vegas Condos
Rental inventory is continuing to shrink and there has been an average of a $100-$400 increase in rents in almost all properties depending on the size of the residence.
I have added some informative data to the new Investments page on our website which includes condo development statistics and all Las Vegas High Rise condo leases over the prior 12 months. Please visit http://www.mylvcondosales.com/investments/
The following is a brief update for projects that have had significant news/events.
Panorama Towers recently won its construction defect lawsuit is using the proceeds to make significant improvements to their common areas. Enhancements to the front, porte-cochere, pool areas and dog parks are expected by the end of year and there are some tenants planned to take over the retail space at the front of the building.
The Martin, which was formerly Panorama Tower North, continues to see increased sales and our team recently leased a 1bd residence at $2250 which was the highest non/Mandarin 1bd lease in the last 12 months.
The Martin Las Vegas Condos
Allure Las Vegas recently sold out of their developer inventory so the resale market will be the only option when purchasing. New casino plans have been announced for the small lot next to Allure and the re-opening of the Sahara in early 2014 should help the area.
Turnberry Towers West– is rolling out a new promotion offering up to 18 months of homeowners association dues paid when purchasing a new residence from the developer. Turnberry Towers is offering 1bds in the low $200’s and 2bds in the low $400’s and will finish out the residences per the clients specifications.
Turnberry Place– The Stirling Club at Turnberry Place has closed which has had a significant impact on values. I think there is upside at Turnberry Place if the club is re-opened and the projects that are stalled or being re-opened are finished, (Fontainebleau, Sahara)
Las Vegas Condos
Below is a summary of 2nd quarter sales and a breakdown for each building. This data comes from our Multiple Listing Service and may not include all developer sales.
Our team at Award Realty now has a point person solely focused on High-Rise Property Management so if we can help you buy, sell, lease or manage a residence, please let us know.
Take care
Anthony J. Phillips
Award Realty Las Vegas
Luxury Real Estate Partners
3015 S Jones Blvd Las Vegas, NV 89146
P: 702.482.8885 | F: 702-873-9072
http://www.mylvcondosales.com
Property Management http://www.lvluxpm.com
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