Does it surprise anyone that the Residences at MGM are ahead of schedule for all three of their Las Vegas high rise condo hotel towers? It shouldn't, since this project combines all of the ingredients of a successful high rise investment opportunity: strong developer; great track record; price-points that work; and great location.
Towers I and II are sold out - and Tower III's about 70% sold as well to a total of 1,727 units. With all the amenities this project provides, again it's hard not to be surprised.
Fully furnished studio, one and two bedroom suites offer crown molding, raised-panel wood doors, high speed data connectivity, granite counter tops, imported Italian kitchen cabinetry, private closets for owners, sub-zero refrigerators, Miele appliances, baths with spa tubs and flat-screen HDTV's. With 24-hour front desk and concierge services, room service, a guarded security entrance, private fitness center, swimming facilities AND with access to all the MGM's world-class resort amenities, I challenge you to find a better overall high rise project currently in town today.
And here's the best news: you can get into this at pricing starting from $550,000. Like I've said time and time again - this is about the only strip project in town that makes sense from a condo-hotel perspective for the small investor. And if you don't believe me, contact me and we'll do the numbers together and I'll prove it to you!
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