The COSMO IS RISING! Check out the View corridors which are by far some of the best in the city for all strip area high rises. Read the latest news flash courtesy of today's Las Vegas SUN.

The Cosmopolitan Resort - NEWS

Looking for a Las Vegas High Rise CONDO Resale? SEARCH HERE

Today's news of the Lake Las Vegas Chapter 11 Bankruptcy filing is sad news for Henderson NV real estate. CLICK TO READ THE NEWS. What a beautiful masterplanned community with awesome views from many of the homes and condos, offering a unique lifestyle just 17 miles from the Las Vegas strip. With gas prices as high as they are and with a lack of demand for discretionary resort type purchases, the values of the condos and townhomes at Lake Las Vegas have taken a big hit recently.

Stay tuned for more Lake Las Vegas real estate news and CONTACT US for some rock bottom steals in this beautiful place in Henderson NV.

Calling all Cash Buyers - YOU CAN CALL THE SHOTS.

Where are the condo-hotel loans? At Chase and that's it! Inventory is climbing in the high rise arena. We have buyers wanting the deals and foreclosures at MGM Signature but there are no lenders. There have been no resales at Trump, none at the Palms, while there are quite a number in escrow at the Signature, but cash is the name of the game. And cash buyers expect deep discounts. We are starting to see a few units in the high $290k range and even a strip view 18th floor bank repo studio at $305k!

We have other issues closing "Decorator Ready" units at Turnberry Place, Turnberry Towers, and Allure. We have limited lenders who want to make loans on these units with no flooring, no carpeting, no paint, no baseboards. For investors, that equates to no possibility of renting without getting involved in a several month build out. For lenders - there is hesitance in getting involved in today's difficult times with units in which the buyers have to spend more dollars after closing.

View Turnberry Place Resales View Turnberry Towers East Resales View Allure Resales

The Stark Team is working with a very experienced loan officer who can broker these condos to a lender who will include the build-out costs in the loan amount which are paid for from a controlled escrow management account. We just closed a 2 bedroom unit in Turnberry Towers East that was over 1450 sq. ft. for a buyer with this type of loan. The original cost of the unit was $630k. Our buyer bought it for $465k. Killer deal - right smack dab over the lagoon style pool with sit down pool views from the livcing room window. We do know how to get the job done & done right - but it is ever challenging.

Photo Above is of the Turnberry Towers East Pool at Night

DEVELOPERS NEED TO SHELL OUT THE BUCKS AND FINISH THESE UNITS IN ORDER TO MOVE INVENTORY. I think some of them are functioning with their heads in the sand so to speak.

Most sellers have no concept of how very difficult the lending environment is these days. It all boils down to the fact that the banks and lending institutions have very little money to dole out. Sellers cannot fathom how severe the credit crunch is in the condo arena is these days.

Mounting inventory I am afraid will result in lower prices. Sort of an inverse proportionate ratio is being created. Good for buyers. Challenging for Sellers.

My partner, Travis Scholl, has been doing a jam-up job helping condo owners rent their units in an effort to help weather the storm so to speak. If you are looking for a great condo for rent close to the strip in a gorgeous building, or if you are an owner wanting to lease your unit:

CONTACT TRAVIS SCHOLL at 702 232-5376.

CONTACT THE STARK TEAM

LAS VEGAS CONDO EXPERTS FOR ALL YOUR HIGH RISE SALES & RENTAL NEEDS

The Villas at Solera in Anthem - Close Out Time - Deals Galore

As you drive past the dual waterfall entry to the Anthem masterplan in the foothills of Henderson's Black Mountains, your spirit begins to decompress. You feel as if you have left the hustle and bustle of the city of Las Vegas behind as you enter the carefully groomed streetscapes high above the valley floor. Nestled in the midst of the Solera Active Adult community, is a gated area of just 90 patio style homes - totally maintainance free - designed to be as easy care as a condo, but with the feel of a home. These single level townhomes have sold quite well in what is supposed to be a sluggish market and there are just 9 homes left.

Brand new & designed with attention to energy efficiency, these are just fabulous buys. The Stark Team has CLOSE OUT PRICING from the $250k range with incetives galore. Owners have the use of the Solera at Anthem clubhouse with its gym, tennis complex and pool. One buyer must be age 50+.

The townhomes are loaded with goodies as standard: granite counters, patio covers, low-e windows, cocoon insulation, appliances - you name it - it's included. The Community Center pictured below is closeby and features state of the art gym equipment. All included in the low HOA dues.

CLose out deals include a year's free dues plus so much more!

Want Floorplans delivered to your In-Box?

Call June at 702 376-5220

or E-mail June at junestark@msn.com

Looking for a non-age restricted home in Anthem? We can help with that as well!

Anthem Henderson NV Real Estate - Solera at Anthem - the Villas at Solera - Anthem Country Club

Condo Repos Close to the LAS VEGAS STRIP

Manhattan Las Vegas South Strip Condos has some great priced bank repos in the $250k and less range. Given that this complex is located just a few miles south of Mandalay Bay, and that the $200k-$250k price will get a 2 bedroom unit, these properties may begin to make sense to the investors who have been waiting in the wings for a good deal.

CLICK HERE TO VIEW ALL MANHATTAN SOUTH STRIP CONDO RESALES

The timing may be right as CITYCENTER by MGM gets ready to begin hiring employees for ARIA - its 4000 room centerpiece hotel, WYNN begins to hire for Encore, and the Fontainebleau across from SKY is slated to be opened in 2009 as well. Exciting times for Vegas. More Jobs! More shopping! More to see and do in the city that reinvents itself nearly every decade!

Given the rising prices of gasoline and the traffic on our freeways ( yes, we still have about 5000+ people moving here each month), the south strip location is amazingly convenient. Further south along Las Vegas Boulevard. Tony Marnell, is building the M Resort. This boutique Resort Hotel will be a great place for locals and tourists and will create even more jobs.

Having been a Vegas resident since 1972, I envision the south strip corridor as some of the best real estate for upside appreciation potential. There still is quite a bit of dirt - expensive dirt - poised for future growth. The south strip could be the new UPTOWN, (you can tell I am an ex-New-Yorker).

Food for thought and a bit of optimism in these troubling economic times. The developer of Manhattan is now pre-selling his southwest MANHATTAN-WEST Community and has started an interesting blog - FROTHING DEVELOPER - that makes for a good read and also helps to present a gleam of sunshine for the Las Vegas real estate market in the midst of the press bashing we receive daily.

Pricing on the south strip Manhattan condo project is quite a bit less than its sister project and closer into the strip, due to lower land acqisition and construction costs. If you are looking for a really nice, almost new, 2 bedroom bank owned repo condo close to the strip, CONTACT THE STARK TEAM and ask for our MANHATTAN repo list.

702 376-5220

Lake Las Vegas Real Estate

Lake Las Vegas Real Estate, in the condo sector, seems to have hit some all time lows. The values recently have plummeted as owners are walking away from investment properties that they could not flip. Centex closed out it's last 20 condos at V by dropping prices to pre-first phase levels, offering a years worth of HOA dues and free furniture packages. Folks who paid $775k for condos found that Centex unloaded the last of its inventory for $500k and lower. Hard to compete with that if you bought at the peak to flip. The Result? Foreclosures - driving prices lower.

At Vita Bella by Toll brothers, we are seeing Toll slash its prices by as much as 40% to be competitive with V. This is creating a fantastic opportunity for a Lake Las Vegas condo buyer. Have a Look at the Photo Tour below and CONTACT THE STARK TEAM for the best smoking deals in Beautiful Lake Las Vegas.

Call June at 702 376-5220

We have a list of Foreclosure Condos at Lake Las Vegas

The V Site-Located at the Highest Point in Lake Las Vegas

SKY LAS VEGAS CONDOS ON THE STRIP

At the moment, SKY LAS VEGAS is the ONLY residential high rise condominium tower that is located directly on the Las Vegas strip. When the STARK TEAM receives buyer inquiries, most folks ask for strip condos, not realizing that there are really no residential high rises on the strip. MGM CITYCENTER is building VEER - two luxury modern highrises in the Harmon corridor, but the condos at VEER will not be ready until the end of 2009. So for now, SKY is the name of the game in luxury condo living on Las Vegas Boulevard.

View SKY LAS VEGAS CONDO RESALE LISTINGS

More Views fromthe Corner Stack of CONDOS

You can see UP THE STRIP & DOWNTOWN TOO!

WE HAVE SKY # 3907 for sale - These are actual VIEWS!

$ 1,299,000

The site to the bottom left of this photo is the Fontainebleau site which is under construction!

How fun to be able to walk across the Boulevard from SKY & enjoy all that Turnberry's new Fontainebleau Resort & Casino will have to offer!

Actual Views from SKY # 3902 - SOLD BY THE STARK TEAM!

Baths Feature Marble Flooring & Showers, Granite Counters, and Jetted Tubs in the Master Bath!

Some Corner Units Feature Tubs with Windows above offering STRIP VIEWS!

We have # 4008 listed at $ 1,595,000

TAKE THE VIRTUAL TOUR

The STARK TEAM knows SKY LAS VEGAS inside out! Winners for TOP SALES IN SKY - photo above is of Lauren & The developers receiving the keys to the top prize - her SKY BLUE SAAB CONVERTIBLE!

There are some short sales and even a brand new never lived in 2 bedroom SKY LAS VEGAS CONDO FORECLOSURE on the market as of this writing?

Want details on the first foreclosure to hit the high rise market in SKY?

CONTACT THE STARK TEAM.

702 376-5220

Turnberry Towers East - Las Vegas Photo Tour

Located just off Paradise Road at Karen, this guard gated high rise complex is Turnberry's newest addition to the Las Vegas skyline. With gas prices ever increasing, the fact that the monorail station is located next to the Turnberry Towers site, will appeal to more and more folks in years to come. The sister project, to Turnberry Place, the forerunner of high rises in Las Vegas, the units at Turnberry Towers are smaller and more affordable. The towers feature 2 stacks of 1 bedroom units n 814 sq. ft. with terraces overlooking the Las Vegas Country Club golf course as well as the strip, in addition to several innovative 2 and 3 bedroom plans.

CLICK HERE TO VIEW TURNBERRY TOWERS RESALES

You can see why these new luxury condos close to the Las Vegas strip are so appealing!

For a private tour - Please contact THE STARK TEAM

LAS VEGAS LEADING HIGH RISE CONDO EXPERTS.

702 236-8364

Trump International Las Vegas - The Donald Comments

Trump Towers is closing its hotel-condos very slowly due to the current state of lending for Las Vegas Hotel-Condos. Is the Donald worried?

TO READ THE TRUMP TOWERS VEGAS ARTICLE FROM THE LVRJ - CLICK HERE

The pool area is beautiful, and H2O, the Japanese-Mediterranean fusion cuisine cafe is open for business. How is the food? FABULOUS! For those who enjoy a light fair & good healthful eating - the salads at H2O are the best I have ever had due to the chef's talent for creativity in dressings. With typical Trump top notch service, when my client & I were indecisive as to which dressing to choose - the chef prepared a taster tray for us of his terrific concoctions, which made our decision making process even more difficult. So the chef made our salads dry & presented them with a triple section tray of delicious dressings.

In previewing the suite my client had purchased, I noticed that along with the Vegas magazines and the Trump magazines, the Donald had left some wonderful art books in the suite of the Impressionists for some lovely and light reading. Again - that extra touch!

And then there is the TV in the mirror deal inthe master bath...totally cool. A few of my clients have placed their units with an alternative property management company, Night at Vegas, and they seem quite pleased with their decision. Others are using TRUMP's on site management.

There are a few select resale units at TRUMP LAS VEGAS on the market - CLICK TO VIEW, but lenders are few and far between for Las Vegas condo-hotels. Hopefully, the lending environment will loosen up in days to come.

***All info contained herein is merely a market opinion . Potential buyers are encouraged to do their own Due Diligence and consult an attorney and/or CPA to aid in their purchasing decision. Square footage and facts deemed reliable but buyers are encouraged to verify all info and facts. Square footage and dimensions are those disseminated by the developers and are to be verified by buyers and their appraisers.***

Now that the prices have dropped dramatically in the beautiful and well located MGM Signature Las Vegas hotel-condos, we have a constant stream of calls from potential buyers. The good news is that prices on studios have declined enought to start making sense to those who are buying for income generating purposes coupled with a desire for a great vacation home a block from the strip. But the bad news is that when Countrywide merged with Bank of America last week, they pulled all condo-hotel financing off the market. Aside from Chase, who is asking for hefty downpayments as much as 40% in some cases, does anyone out there know of lenders who will make 20% down condo-hotel loans in Vegas?

We are representing cash buyers, who are making very aggressively low offers - but for those who want to sell - cash is king. So it seems that these towers are in a downward pricing cycle with repos popping up amongst the myriad of short sales. We are seeing a 1 bedroom repo at $429,900 - 3rd floor strip view unit - and an 18th floor strip view studios repo at $305k. When compared to MGM CityCenter and Trump and Palms Place these prices look amazing & the stats show that buyers are grabbing the deals - we have so many units in pending status in the MLS. But are all these cash buyers?

If anyone knows of condo-hotel lenders for Las Vegas studios in MGM Signature -

Please CONTACT ME!

June Direct: 702 375-5220

LAS VEGAS CONDO RESALE SEARCH-CLICK HERE