About Las Vegas' Newport Lofts

Newport Lofts foreclosure inventory is quite thin as of this writing because over the past year, investors have been gobbling up these loft-style condos for cash. These sleek and modern condos in the Downtown Las Vegas Arts District make good rentals. If you are thinking of buying a loft for your own use or for rental purposes, please bookmark the links below to keep an eye on the inventory. The STARK TEAM's MLS feeds are updated daily.

Prices have come down from the $400k-$700k range to under $200k. Since there is no financing for these units, the lofts have moved in strong hands as all purchases over the past year have been cash. Sales velocity at Newport Lofts has been fast paced, and velocity is not something the press focuses on.

THE STARK TEAM has a DOWNTOWN LOFT specialist on our team, Helen Michel.

There is no one better in Vegas for knowing the stacks, view corridors, price points, floorplans and floorplates in this tower.

CONTACT HELEN for more info.

Click Here for Newport Lofts Info and Inventory Links

Take the Newport Lofts Virtual Tour

Newport Lofts

Located at 200 Hoover in Downtown Las Vegas, these lofts are very popular with investors as they are very desirable rentals. Well priced foreclosures often receive multiple offers and sell over list price. To keep an eye on the inventory at NEWPORT LOFTS, BOOKMARK the link below as listings are updated daily. CASH PURCHASES Only Please. There is no financing available.

NEWPORT LOFTS LAS VEGAS INFO SITE LINK

ACCESS NEWPORT LOFTS FORECLOSURE LISTINGS

Newport Lofts Amenities

• 24-hour full service concierge/front desk
• State of the art kitchens
• Lavish baths
• SkyDeck with pool, spa, fitness center and clubhouse
• Elegant lobby
• Enclosed and secured parking PLUS individual storage
• Sweeping Terraces
• Arts District Location Close to the Las vegas Strip

A NEWPORT LOFTS LAS VEGAS CONDO EXPERT IS AVAILABLE TO ANSWER YOUR QUESTIONS.

E-MAIL US OR CALL 702 376-5220.

Las Vegas High Rise Rentals:

• 216 Listed 7/15/2010
• 17 Under Contract 7/15/2010
• 49 Leased June 2010
• 4.4 Months Inventory
• Low List Price: $750/Month (Park Avenue)
• Median List Price: $1700 (Metropolis)
• High List Price: $5400 (One Queensridge)

Las Vegas High Rise Resales:

• 567 Listed 7/15/2010
• 289 Under Contract 7/15/2010
• 81 Closed June 2010
• 7.0 Months Inventory
  
• Low List Price: $45000 (Lake Las Vegas)
• Median List Price: $157000 (MGM Signature)
• High List Price: $2675000 (Park Towers)

This Market is extremely volatile due to the boutique nature and lack of financing. Read last month's report here.

This report is compiled by using data from the GLVAR MLS. Data is gathered by the "VERTICAL" field and the "RESIDENTIAL" field using "CON" as subtype and "HIGHRIS,LOFTLIV,PENTHSE" equals any for building description. 12/3/2009 NOTE: The high rise portion of the RESIDENTIAL field is being phased out into the VERTICAL field currently. Information is deemed reliable but not guaranteed.

Read the most current market report for the Las Vegas High Rise Sector right here.

Three years ago, when high rise condos were the cat's pajamas, I jumped on the bandwagon. These unique settings allow a resident to have access to amenities that are atypical of living in a traditional condo setting.

Of course there is a sparkling pool and spa, professionally equipped fitness center, and community room. Combine that with guard gated security, valet service, a concierge to help you plan your activities, and sweeping views of Las Vegas depending on which way your unit and or balcony allows.

There is a new opportunity to jump on this bandwagon. Newport Lofts is auctioning off 20 units at discounts up to 64% off. Studios to penthouses are going to be sold at amazing prices. And the best part, is they even have financing, something that has all but disappeared from the high rise condo market.

Can you imagine purchasing a 3,000 square foot penthouse for only $450,000? Well that's the reserve set for this outrageous contemporary high rise located just a couple of block from Fremont Street in downtown Las Vegas and just over one mile to the fabulous Las Vegas Strip.

Can’t you just see yourself sunning on the deck next to the roof top pool? Snuggling underneath the stars with a view of the Strip from the hot tub? Enjoying a drink with friends on your private balcony with Las Vegas beckoning below?

The auction will be held on Saturday, August 29th at 3:00pm. If you've been dying to own a high rise condo, this is your chance to own a piece of the tallest high rise in downtown Las Vegas. Call me today for more details.

Heather Peck
Rosen & Company West
702-595-7380
LasVegasExpert@yahoo.com
www.HeatherSellsVegas.com

Newport Lofts - Las Vegas, Nevada by:Robert Swetz

This a 23-story mixed use development. Six floors of secured parking and 14 floors of high-end lofts ranging from 900-1600-square feet. The penthouse units range from 1700- to 2900-square feet. Retail stores and shops will surround the building on the street level.

Newport Lofts Las Vegas is a $75-million project at Casino Center Boulevard at Hoover Avenue in the thriving Arts District, downtown.

Newport Lofts offers loft-style living for those seeking a cosmopolitan lifestyle and is the perfect environment for artists, offering air, space and light in an urban setting.

• A 23 story tower with 168-loft-style floor plans on the eighth floor and higher from 900-square feet to 1,600-square feet, priced from the $300,000s to $700,000s. Two-story penthouse suites range from 1,700- to 3,000-square feet, starting in the $900,000s.

• Standard features include granite counter-tops, stainless-steel appliances, concrete or bamboo flooring, European cabinetry and large terraces.

• The building's rooftop includes a swimming pool and spa, running track and fitness center, clubhouse and movie room, all with a view of the city.

• Rooftop pool & spa

• Rooftop gardens with panoramic views

• Sky Room clubhouse with billiards table, lounge area and movie room

• 24-hour doorman

photographs above taken in Las Vegas, Nevada by: Robert Swetz and duplicating in any form is in violation of copyright infringement and subject to fines.

Please look at my new web site on photography, it's almost complete www.SearchMyPics.com

Real Estate www.VegasBuildingsForSale.com