Is the Metropolis High Rise Condo Project in Las Vegas a Diamond in the Rough?

The Metropolis high rise condo project is quickly becoming an obsession for those in the know who are closely watching the Las Vegas high rise condo market.

Why? Because it's making a great source for investors looking for low bank owned properties. "But aren't ALL the high rise condo projects in town basically in the same boat?" you may ask.

While that may be true, the Metropolis is the only one with stunning views of Steve Wynn's golf course property, a property which - if you believe the rumors, will soon be undergoing a dramatic change, as in the golf course giving way to another AMAZING high rise condo project that'll contain perhaps the most extravagant hotel and casino in Las Vegas. If and when that happens, views and the actual location of the Metropolis will be even more priceless.

You all know how developers in Las Vegas love to outdo each other. When CityCenter was announced as perhaps the most prestigious project to date, it didn't take long for Sheldon Adelson to build the Palazzo/Venetian and the St. Regis brand that'll soon go along with it. Likewise, I think Steve Wynn has something similar up his sleeve with respect to the land his golf course currently sits on - a project that most likely will put CityCenter to shame (as if the St. Regis Residences hasn't done that already!) and outshining, out-doing, and as we say "out-high-rising" the Adelson's of the world.

While this is still just a vision, Mr. Wynn has already petitioned Clark County to rezone some former residential land, along with the Wynn Las Vegas golf course as "H-1", which means there's a good chance that him and myself think alike regarding putting that land to a more high-density use.

So do you agree? Is the Metropolis the new sleeper project in town, where you can get great foreclosure deals with the hope of a major score in the not-too-distant future? Check out these listings of bank foreclosure condo properties at Metropolis and then contact us for more information on how we can get you the best deal on whichever one (or ones) you like.

How about this one - my favorite... a bank repo 2252 square foot, 2 bedroom, 2 bath, top of the line condo unit with phenomenal views priced at $235/sf!!! (Shuusshhh... I'll bet we can get that one for you for even less than that...)