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 Mention Discount Code: 9999 |
 Las Vegas Real Estate: UpdatePublished 3/30/2006
About 470 homes with price tags of more than $1 million remain for sale. The city's top-priced home remains on the market after 11 months. Completed last year, the mansion -- owned by Michael Galardi, the former owner of live adult-entertainment clubs called Cheetahs, Jaguars and Leopard Lounge -- is listed for $20 million and has 22,000 square feet, with five bedrooms including a master bedroom that's more than 1,000 square feet, 10 baths, a 15-car garage, five fireplaces and marble floors. But overall, Vegas home prices increased 52% in the second quarter of this year from the year earlier -- the highest annual rise anywhere in the quarter century of records kept by the National Association of Realtors. The federal government owns most of the remaining developable land on the city fringes, making it hard to obtain, says Robert Genzer, planning director of the City of Las Vegas. So developers have begun to focus on high rises, with more than 45 condominiums, condo-hotels and time-share projects either announced or on the boards. Like Mr. DiCaprio's building, the Panorama, many are a short stroll from the lights of the Strip. (The building is just west of the Bellagio Hotel & Casino.) Meanwhile. New York real-estate mogul Donald Trump and Phil Ruffin, owner of the New Frontier Hotel & Casino, are planning to begin constructing Nevada's tallest building in the spring, the 64-story Trump International Hotel & Tower, on the north end of the Strip at Las Vegas Boulevard and Fashion Square Drive. |
High Rise Condos Return to Vegas
Welcome to Pinnacle, the most compelling new luxury high-rise Managed Condominium Resort development to grace Las Vegas. As a resident of Pinnacle, you will enjoy a prime location on the "West Strip," which will provide stunning views of the neon night-scape in one direction, and colorful mountain sunsets in the other.
Pinnacle's 12 acre site will include two magnificent 36-story towers connected on three separate levels by sky-high residential "bridge-suites". The breathtaking three-acre Wet Deck will rise six stories above ground and feature lush, garden-like flourishes that surround a spacious hibiscus-shaped swimming pool, plus lawns, cabanas, and a quarter-mile pathway for jogging, as well as "Energie," our fully-equipped fitness center, and "Touch," our luxurious full-service spa. Best of all, you'll have the option of participating in our Managed Condominium Resort Program that provides the opportunity for you to place your residence in a rental program that also includes turnkey maintenance and upkeep, so that you can reap the benefits of ownership and not be burdened by the responsibilities. We offer nine different floor plans, with your choice of studio, 1, 2 and 3-bedroom finished residences, available with either traditional or contemporary furniture packages. |