Las Vegas, NV (PRWEB) August 06, 2013
The 599-square foot luxury condominium was sold at the Cosmopolitan Las Vegas for $675,000, a record of $1,126.88 per square foot. This one bedroom residence is on the 56th floor and offers views of Bellagio, Veer Towers and Aria Resort and Casino.
“Cosmopolitan condos offer some of the best views of any property in Las Vegas and are the only condo opportunities with balconies on the Strip,” said Phillips. “Our office was honored to be chosen to represent this residence and are thrilled with the sale results. This particular condo sold for two to three times the price per square foot as other condos-hotels in Las Vegas.”
Cosmopolitan condo residents enjoy the property’s world-class restaurants, nightlife, shopping, and benefit from easy access to the Bellagio Hotel and Casino and MGM’s CityCenter. For sale condo inventory is extremely low due to the fact that fewer than 20 condos are owned by private owners with the remaining condos being kept by the developer for hotel use. Cosmo condo owners can elect to place their residences in the hotel program to earn revenue.
About Luxury Real Estate Management
Luxury Real Estate Management is a leading luxury real estate and property management company providing a wide range of services including real estate sales, marketing, leasing, property management and investment analysis. Specializing in Las Vegas’ loftiest addresses, Luxury Real Estate Management is the single-source comprehensive solution for clients’ real estate needs. For more information about Luxury Real Estate Management, contact Anthony Phillips at anthony(at)lvluxpm(dot)com or at (702) 482-8885, or visit http://www.LvLuxPm.com.