A quick tour along Las Vegas Blvd with street views of the grand hotels and their huge television screen signs. Of course the neon signs still dazzle at night, included with highlights of past visits! Pardon the compressed look, somehow converted by YouTube from a large file, top that off with YouTube’s vertical black racing stripes on both sides and, lol…we’re good to go!!!
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Las Vegas Strip High Rise Condos Continue to Attract Buyers
Article by Groshan Fabiola
Las Vegas Strip high rise condos have remained popular even a decade after this real estate market started to take off and become a truly legitimate choice for investors, vacationers and residential home buyers alike. The speculation fever has worn off and the dust has settled, yet buildings like the Las Vegas Trump Tower, SOHO Lofts, One Las Vegas and One Queensridge Place have remained immensely popular even as other real estate markets have cooled. There are numerous reasons why these Las Vegas Strip high rise condos have continued to top the market.
Space is limited on the Las Vegas Strip, which is why developers went up rather than out when they started planning and building these condominium communities, resort homes and condo hotels. Buyers can choose from traditional condo developments and condo-hotels, making Las Vegas Strip high rise condos more appealing to a wider range of buyers. When purchasing a conventional condo, the buyer is the only one who owns it. The condo-hotel, on the other hand, is a unit that is purchased by one owner who can use it any time or rent it by the night when it is vacant. Since places like the Las Vegas Trump Tower have occupancy rates that exceed 97 percent most of the time, this is a great way to make money while also having a great vacation home.
The sale of Las Vegas Strip high rise condos is also still booming because the prices tend to be lower than other markets in the country, but in the upper echelons of the market there are high priced condos that offer more luxurious amenities than you will find anywhere else. The starting price of a simple condo in Las Vegas is between 5,000 and 0,000, which would be impossible to find in Manhattan, yet the million dollar condos in Las Vegas rival the luxury of any leading Manhattan penthouse. Another consideration is the fact that Nevada has no state income tax.
There are many reasons why Las Vegas Strip high rise condos are so popular, and there is no end in sight to their appeal on the buyer’s market.
About the Author
For more resources regarding Allure Las Vegas or even about SOHO Lofts and especially about Newport Lofts Las Vegas please review these pages.
Photos of Las Vegas Strip Hotels from Mandalay Bay to Wynn Las Vegas set to Stevie Ray Vaughan’s “Riviera Paradise” – submitted by the webmaster@vegasreservations.com
