Las Vegas Penthouse Auction!

Las Vegas Penthouse Auction!

Las Vegas Penthouse Auction!

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The Las Vegas housing market was one of the major catastrophes of the real estate bust. New condos that were going for $1 million and more in 2006 were reduced as low as $400,000 or even less by 2011, and buyers were still hard to find. The entire Las Vegas economy was in dire shape. But slowly, the housing market began to recover. Las Vegas home prices have increased over 30 percent since 2012, the second-fastest rate among major U.S. cities. The future again looks shiny for Sin City.

Las Vegas is famous for its fabulous penthouses with spectacular views of the city’s neon lights, Eiffel Tower, Bellagio Fountains and even a volcano. Coming up for auction, with no reserve, is a penthouse in one of the city’s most upscale buildings on the 55th floor of Palms Place Resort Condominiums, next door to the Palms Casino Resort. Previously listed at $4.4 million, the auction is the opportunity to purchase in a luxury complex for just pennies on the dollar. Just steps from the penthouse are the casino, shows, restaurants, spa facilities, theatres and shopping.

Designed and decorated with the sophisticate in mind, the Palms Penthouse comes with elegant contemporary furnishings, art and accessories included. Just bring party clothes and a toothbrush. Sitting at the top of the world of glamour, this 3,905 square foot penthouse has three bedrooms, four baths, large closets, eye-popping all stainless kitchen and game room, but the real stunner is the large private spa that juts out from the building surrounded by glass and overlooks the Strip. For more information.

Palms Place Resort 55th floor penthouse. Designer furnishings, art and accessories. Full Strip views was $4.4 million. No reserve auction on December 20th.

Source: www.conciergeauctions.com