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Wednesday, June 22, 2005

ICON Sales in the Homestretch

Units in the second ICON tower continue to sell impressively. Although they are still in reservation mode and probably not going to hard contract until July, their available inventory gets smaller and smaller each day.

In fact, as of today, they have only 1 one-bedroom unit left, located on the 42nd floor and going for approximately $785K. At 971 square feet, do the math and you're looking at a pricetag of $800 per square foot.

Expensive? Maybe... but then again you have to pay for the security of knowing the project developers have done their homework and the building will definitely get built.

If you need a 2-bedroom, they still have approximately 6-8 units measuring 1,400 square feet located anywhere between the floors 4 to 42, priced ranging from approximately $725K to over $1 million depending on floor.

Finally, 3 bedroom units are also available on floors 4-39 with square footage of 1824 and priced from $785K to over $1 million as well.

Once again, if you're interested in a purchasing a high rise with the purpose of living in it yourself, ICON makes a excellent selection. Their developer is strong, their prices are realistic, and the building location is excellent (right off Convention Center Drive and the Strip).

You'll need a fully refundable $25,000 reservation check to secure a unit. Then, at contract signing - which will probably be early July, you'll have to put down 10% of the unit amount (with your reservation check going towards that amount). Then, you'll need another 10% down at breakground, scheduled to occur sometime this fall, for a 20% total downpayment.

I know so many people who are kicking themselves for not getting into Tower I of this project. Don't be kicking yourself for letting the Tower II opportunity pass you by. Contact me now before the little amount of remaining units are gone, which at this rate, may happen very quickly.

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