Looking for Phase 1 Pre-Construction Pricing? The Las Vegas Pinnacle High Rise Condo's Your Choice

If you're looking for first phase preconstruction pricing on a Las Vegas high rise condo project, The Pinnacle's about as close as you can get. After touring their sales-office and looking at their materials, siteplans, and pricing structure, I'm sold that this is the number one opportunity in Las Vegas at this time.

The project is being marketed as a "Condo-Resort" - basically a resort you can live at, but with the abililty to have your unit rented out and professionally managed when you're not using it.

Most projects in town are stipulating you have to hold the unit a year before you can sell to discourage flipping. Other than the fact you can't assign the contract, there are no restrictions with the Pinnacle as to when you can sell, making this an extremely investor-friendly opportunity.

The physical location of the Pinnacle will be located right across the way from The Orleans off Tropicana and Cameron, about a mile and a half off the Strip. The building renderings look great and coupled with the amenity package, the strength of the development team, the building features, and the current pricing structure make this project a definite winner in my book.

655 square foot studios are being offered from the $300,000s. The square footage on the 1-bedrooms range from 957 - 1,173sqft with pricing starting in the $400,000s. 2-bedroom units are priced from the $600,000s for square footage measuring from 1,095 - 1,512 square feet. (There are also dual master and corner two bedroom units priced from the $800,000s). And finally, The Pinnacle also offers 2,256 square foot wrap-around 3 bedroom units starting from the $1,300,000s.

Folks, these are "friends and family" prices, almost certain to rise substantially as this project moves forward - and at this point, this is the ONLY "realistic" Phase 1 opportunity in Las Vegas.

To reserve a studio or one bedroom, you'll need a fully refundable $10,000 reservation check. That amount goes go $20,000 for a 2 or 3 bedroom unit and $30,000 for a combination unit. Then at contract time (most likely in about 2 months), you'll need to come up with 10% of the purchase price of your unit (with the reservation money applied to that amount). Finally, they'll ask for an additional 10% deposit in the 3rd quarter of 2006 - so at that time, you'll be into the project for 20% down total. Then you just wait until closing to complete the transaction which most likely will occur in the 2nd Quarter of 2009.

So there you have it. If you're reading this blog, I urge you to be one of the first to take action in reserving one of these units TODAY. Contact me and I'll have an entire information package sent out to you which will further detail the entire project.

Many of you contact me with questions asking when the next big opportunity will come along. Don't say I didn't tell you. Maybe Vegas really is so ready for this!