Vdara Condos at City Center offer modern interiors spaces including kitchens with the latest technology, all in a stylish atmosphere. This residence offers stunning views of the Las Vegas Strip, Bellagio , Paris Las Vegas and the surrounding mountains. Vdara Condos are located just steps from the Aria Casino at City Center.
2012 Las Vegas High-Rise Condo Market Report | MyLvCondoSales.com
The Las Vegas high-rise condo market continues to see significant improvements for the second year in a row. If we compare yearly average sale prices in 2010 ($231,100), 2011 ($270,721) and 2012 ($313,048) we see in increase of avg sale price by 27%.
Our team at Award Realty continues to be the #1 office in regards to sales and leasing in the high-rise segment and hold the records for the highest resale price/sf at Vdara and Veer.  In addition, my team also holds the record for highest leasing price/sf in the city for 2012. (Mandarin 2bd at $6500/month).
Here is a brief summary of significant events:
CityCenter Residential sold the remaining residences at Veer towers which totaled 427 condos for roughly $120 million. The new investment group plans on putting 100 of these residences back on the resale market at reduced prices and many are tenant occupied and can provide immediate cash flow. For more information on Veer, please email us.
ST Residential, owners of Juhl, Ogden, Loft 5 and One Las Vegas will be putting these (entire) buildings up for sale in the next 30 days so I anticipate the new ownership groups will start adding inventory to the resale market. Currently, ST has only offered leasing at these buildings but we think there is significant sale demand especially at Juhl and Ogden which are located Downtown.
Turnberry Place continues to see significant challenges due to the Stirling Club being closed and the Fountainblue casino project next door being stalled. The price/sf at Turnberry Place is attractive and there could be upside potential at this project if Stirling opens or if any of the north strip casino projects get completed.
Trump Tower sold 300 residences to the Hilton chain and is outperforming the other condo hotels from a price/sf basis.
The Martin sold 89 residences in 2012 which was the highest of any condo project other than MGM Signature. The Martin continues to be a popular property due to its low homeowner’s association dues, high rental demand, and its close proximity to CityCenter.
Panorama Towers resolved its construction defect litigation and put a significant amount of cash back into the property by improving the valet and common areas. The resolution of litigation should open the building back up for financing so I anticipate Panorama will have a good year in 2013.
Las Vegas Condo Stats
Number of Properties Sold – Â 708
Avg Sale Price  – $305,174
Avg Sale Price/SqFt- Â Â $261
Avg Days on Market  – 83
Current Inventory on MLS Â – 361
Imagine being part of the trendsetting Palms Casino Resort scene when you want, then being able to retreat to your own Palms Place condo just steps away to indulge in all the quiet luxuries of your amazing high-rise home.
Welcome to the 47-story Palms Place Tower. One of the three towers that make up the famed Palms complex just west of the Las Vegas Strip. Palms Place offers a mix of ultra-modern floor plans from studios to penthouses. Each Palms Place condo offers a bold, contemporary design fused with elegant appointments that make Palms Place a remarkable landmark in Las Vegas luxury living.
Palms Place condos for sale or rent range from studios with 600 square feet of living space, one-bedroom suites with 1,200 square feet of luxury living, and two-bedroom suites designed with 1,800 square feet and a spectacular view of the Las Vegas Strip.
All Palms Place Las Vegas condos are fully-furnished and include hardwood and marble flooring, nine-foot ceilings, state-of-the-art kitchens, 42-inch plasma televisions, and Italian bedding. One-bedroom suites add whirlpool bathtubs, a fireplace, and a washer/dryer laundry closet. Two-bedroom floor plans include an additional kitchen, a double-door entry, and an extra bathroom.
Palms Place amenities include an elegant bar scene in the Palms Place lobby, Simon Kitchen’s upscale restaurant, all the indulgent pampering of the Drift Spa, and a spectacular 50,000-square-foot pool with waterfalls, stone gardens, cabana, full service bar and much more all located on the Palms Place 6th Floor.
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.
Step into your 550-square-foot Deluxe Suite and enjoy your plush king-size bed with lavish linens. This suite features a Whirlpool spa tub in the over-sized bathroom and a separate sitting area with entertainment center and kitchenette.
Residence Amenities Include:
Large bedroom with deluxe king bed
300-thread-count cotton sheets and upscale linens
Oversized marble/granite bathroom with dual sink vanities
Whirlpool spa tub and separate shower
Separate sitting area with entertainment center and high-definition flat-screen TV
Kitchenette
In-suite coffee/tea makers
CD/DVD players and iHome clock radio
Wireless Internet
MGM Signature Condo/MGM Grand Amenities Include:
Multiple Pools
Full Service Spa
Casino/Sports book/Restaurants
Nightclubs, Ultra Lounges and Wet Republic Pool Party
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.
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.
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