Sky Las Vegas Hi Rise Blog Posts

Sky Las Vegas High Rise Sale On The 42nd Floor Raises $2.7 Million

Sky Las Vegas CondoSky Las Vegas condos penthouse sells for $2.7 million on the 42nd floor. This luxury condominium is 2,985 square feet with a sales price of $904.53 per square foot. The buyer didn’t receive appliances, flooring, interior design elements and wall coverings.

Days after a luxury home sale in The Ridges in Summerlin real estate, several weeks after a 10 million home sale in Southern Highlands a luxury Sky condominium sale sets another high.

Luxury homes in Las Vegas, Nevada real estate prices continue to rise despite the residential real estate slowdown.

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Sky Las Vegas Condo Sold Luxury 42nd Floor Penthouse For $2.7 Million

Sky Las Vegas Hi Rise CondoSky Las Vegas condo tower opened several months ago and recently sold one of its unfinished penthouse unit for $2.7 million. This Sky condominium is 3,500 square feet with a 500 square foot balcony on the 42nd floor of the 44 story tower.

Total remaining Sky condominiums for sale equal about 40 units. Units range from 870 square feet to 5,500 with prices from $700,000 to $5 million. The real estate also includes 702 parking spaces with 43,500 square feet of retail space.

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Maxim Las Vegas Condos Near Sky Las Vegas Condos Receive Use Permits

Sky Real EstateMaxim Las Vegas on Wednesday was approved use permits for the proposed men’s magazine resort Las Vegas Nevada real estate project despite concerns of neighboring Sky Las Vegas high rise condo. The high rise condominium is planned for Las Vegas Boulevard and Circus Circus Drive.

Maxim condos is being developed by Concord Wilshire Development of Los Angeles, CA. They were looking for approval on a high density real estate project of the lifestyle magazine, and were granted use permits.

The future design review by the city council will include more details about the proposed project, such as tower entrances, height, and parking availability.

The mixed-used real estate project planned for the 7.7-acre site near Circus Circus hotel and theme park would include a three-tower Las Vegas resort with 1,860 luxury condos and 300 rooms. It will also have a casino, restaurants and shops.

Vice president of design and engineer at Concord Wilshire was satisfied with the use permits from the county. Maxim expects to break ground in 2008, with completion of the of the resort in 2010.

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Luxury Condos In Las Vegas Dodging Higher Construction Costs

Sky Las Vegas CondosCondos in Las Vegas real estate and Las Vegas land rising construction prices have created major obstacles for entry into the Las Vegas hi rise condominium market, giving early projects such as Sky Las Vegas condos, SoHo Lofts, and Panorama Towers Las Vegas a clear advantage over newcomers, executives of two projects under construction said.

Anything built on or around the Las Vegas Strip is going to sell for $1,300 to $1,500 a square foot, some Las Vegas luxury real estate, said David Pourbaba, president of Sky Condos Las Vegas, which recently topped out construction of its 45-story condominium tower next to Circus Circus.

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Closings Of Las Vegas Condos Influencing Las Vegas Home Sales

Sky Las Vegas CondosA total of 48 hi rise Las Vegas condos closed escrow in May, including 40 at SoHo Lofts, at Las Vegas Boulevard South and Hoover Avenue. That compares with 64 total condo sales in 2005 and 11 through April of this year.

The Las Vegas housing market is entering a period of extraordinary transition with the first real infusion of Las Vegas hi rise condominium sales in May.

May’s Las Vegas housing statistics offer “intriguing clues” as to why the much discussed housing bubble has not burst.

While the inventory of Las Vegas homes for sale reached an all-time high of 20,515 in May, about double from a year ago, it’s a supply of six to seven months based on sales through the Las Vegas mls. That’s a relatively healthy market.

Median resale prices are staying around their all-time high at $284,950, a 5.5 percent increase from May 2005, and Las Vegas new home prices jumped 11.8 percent to $324,757. The number of Las Vegas new home subdivisions in the market declined for the second consecutive month.

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Sky Las Vegas Hi Rise Condo Completes Luxury Residences

Sky Las Vegas Hi Rise CondoSky Las Vegas, hi-rise luxury condominium, on the world-famous Las Vegas Strip, was topped out at Noon on friday when 600 construction workers of M.J. Dean Construction Co. of Las Vegas sent a symbolic fir tree upward on a placing boom. The final portion of Sky Las Vegas hi rise condos concrete roof had been set in place earlier in the day, completing the exterior superstructure and the symbolic tree was attached following a long-established tradition in the construction industry.

The $325 million, 45-story Sky Las Vegas luxury hi rise condos,will be the first of its kind located on one of the world’s most magical boulevards. Sky Las Vegas hi rise condo will provide the ultimate location for those seeking immediate access to the abundant shopping, electrifying entertainment and incomparable dining experiences of The Strip.

The Las Vegas Sky luxury condo tower will house 409 units with 870 to 5,500 square feet. There is something for every lifestyle and taste in Sky’s 30-plus living plans including Penthouse units and premium, three-story suites with rooftop garden Skydecks.

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