Archive for December, 2005

Check out the View!

Sometimes the view is as important as the house. These great investments that look out over the lake, a golf course or the mountains provides you with a beautiful view. This information brought to you by Las Vegas Real Estate.

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Luxury Condominums under $300,000

Interested in checking out the latest in luxury condos available in the Las Vegas area? Check out these nice investments under $300,000. This information brought to you by Las Vegas Real Estate your one stop shop for all your condominium and housing needs.

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New Projects on the Rise

As a part of Las Vegas Las Vegas has three new exciting projects in the pre-sale stage: Pinnacle - a resort high rise, La Scala at Lake Las Vegas - a 5 star vacation fractional, and Traverse Point - an extremely affordable new condo conversion.

Advertisements for these areas are:

Pinnacle Las Vegas - “Vegas is so ready for this!” That’s the motto of the spectacular new Pinnacle luxury condominiums and managed resort being developed by the Falcon Group. Pinnacle, a self-contained resort high rise community with shops, restaurants and offices and a total of 1095 custom residences, will have two towers soaring 35 stories above ground level. Outstanding and innovative architectural design will include breathtaking sky-high bridge suites, top floor two story penthouses, poolside town homes, and flexible floor plans with studios and one, two and three bedroom units offering both contemporary and traditional design finishes and stylish furniture packages (optional).

As a managed resort Pinnacle condos are the perfect choice for second home owners as well as primary residences, boasting all the privileges of condominium ownership and none of the responsibilities. Residents can choose to have their properties rented out on a short term basis (optional) when they are not in residence, and the professionally managed, turn-key Guest Residency Program will take care of everything from maintenance and repairs to booking rentals, checking-in and checking-out.

Studios will start in the mid $300s, one bedrooms in the low $500s, 2 bedrooms in the low $600s and 3 bedrooms in the mid $900s. Two story penthouse and sky-high bridge suites will also be available at a later date as well as thirty-one detached town homes surrounding The “Wet Deck”, Pinnacle’s 6th floor “social park” with pools, fitness center, spa, putting green, dog park and cabanas.

Pinnacle will open to the general public in January. For immediate pre-sales registration and more information call 702-985-7654.

La Scala at Lake Las Vegas - Intrawest, one of the world’s leading destination resort and adventure travel companies, has announced the first fractional resort to be built in Las Vegas, La Scala at Lake Las Vegas. La Scala will be one of Intrawest’s famed Storied Places ® , the world’s foremost exquisite enclaves of private residences in the world’s ultimate places to play. La Scala is being built for those who want to own and enjoy a true luxury vacation home with the amenities of a five star resort in the comfort of a private residence at literally a fraction of the cost.

La Scala will boast spectacular views of Lake Las Vegas and two championship Jack Nicklaus signature golf courses. With a rich Tuscan theme in keeping with the recreated Ponte Vecchio Bridge at Lake Las Vegas, leading architects and designers have created a elite neighborhood of 15 elegant lakefront villas and 18 poolside homes with private pools, patios, fitness center and clubhouse just a short lakeside stroll from the dining, shopping, and entertainment of MonteLago Village.

Prices for La Scala residences will range between the high $300,00s to the high $400,000s. Sizes will start an expansive 1,988 square feet and will include 4 weeks of guaranteed use annually plus unlimited additional access as space is available.

Ownership in a La Scala home includes membership to The Club at Lake Las Vegas , unlimited play at two resort golf courses, Reflection Bay by Jack Nicklaus, and The Falls by Tom Weiskopf, personalized Resort Concierge services, access to the Lake Las Vegas Yacht and Beach Club, and preferred pricing throughout the Lake Las Vegas resort for dining, specialty shopping, spa treatments, room accommodations at the Ritz Carlton and Hyatt, and yacht and boat rentals at the full service Marina. For registration and information please call 702-596-7821.

Traverse Point Condo Conversion - Traverse Point, the newest condo conversion project in the Las Vegas Valley, is taking names on a priority list for its first phase pricing! Nestled next to the exclusive Green Valley area of Henderson, Traverse Point is a secluded gated community featuring 296 luxury units amid lush park-like landscaping. Prices are estimated to start modestly at $159,900 and anything under $200,000 will certainly be the most affordable housing in a much more expensive area.

Around the corner from Traverse Point , Centra Properties and KB Homes plan to build Stone Lake, a 40-acre, $400 million development, and Stone Lake pricing will probably start in the $300,000s to $400,000s. Adjacent to Traverse Point will be the 17th and Vine project with 466 residences from the high $300s to over $700k plus more shops, restaurants and parks.

Many units in Traverse Point will be sold with tenants in place, an ideal scenario for investors! To be placed on the advance priority list please call 702-985-7654. Sales will start in late December.

This information brought to you by Las Vegas Real Estate, your resource for luxury condiminiums and housing in Las Vegas.

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Growing Pains

Luxury condominium towers are sprouting like mushrooms. Las Vegas is the fastest growing city in the United States. It leads in job creation, housing market and business growth. The phenomenal growth is expressing itself through growing pains. Housing prices in the metro area are growing beyond the reach of families. Reports of crime are on the rise and recruiting teachers, police officers and nurses for the ever-expanding population is proving difficult.

Las Vegas has seen many changes since being founded a hundred years ago in 1905 as a railway depot in the middle of the desert. From the growth during the building of the Hoover Dam to the Mob Era of casino buildings to the transformation from the city of sin to the family friendly resorts that is modern day Vegas, the growing pains are all a part of the natural process.

With worries about the housing bubble an ever-present concern, city officials and area business developers are working to take Las Vegas to the next level. This information brought to you by Las Vegas Real Estate, looking out for your real estate needs.

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Time for a Buyer’s Market?

In the Wall Street Journal yesterday, Ruth Simon reported that individuals are pulling back from buying homes and condos as an investment. In her article, she talks about how investor-owned properties are returning to the market for sale and that fewer people are competing to buy properties in the heated markets like Las Vegas.

This investor pullback could be a good deal for local buyers. Since investors account for more than 9.6 percent of mortgages used to buy homes in the first nine months of 2005, the slow down of their investments can help stabilize and perhaps reduce some of the more costly investments required to purchase a home.

While real estate sales slowdowns are very typical in the winter months, this shifting trend could shift the seller’s market to a buyer’s market. With less competition and lowered pricing, potential home owners will have more options to chose from.

This information brought to you by Las Vegas Real Estate, your number one choice for home buying in Las Vegas.

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