Monday, May 26, 2008

Age Restricted High Rise Condos Coming to Las Vegas?

Las Vegas is a retirement haven for the up and coming baby boomers. Clark County already boasts four large Las Vegas Sun City communities as well as a plethora of smaller age restricted neighborhoods. Prospective residents are looking for three things: no state income tax, warm weather and a sustainable cost of living. Florida, Texas and Nevada are the most popular states with no state income tax that retirees are considering.

Because of hurricane damage over the past few years Florida's insurance rates have gone through the roof and a monthly insurance payment can equal or be higher than the monthly mortgage payments. In Texas annual state property taxes are almost three times that of Nevada, though the average sales price for homes is a bit less expensive. That leaves the Las Vegas real estate market as the clear cut winner to date.

One of the reason the existing Sun City developments have been so popular is the amenity rich activities being offered: resort style pool and spa areas, business centers, workout facililties, restaurants, wellness centers, golf courses and social clubs. But population demographics are rapidly shifting, and now across the country many Sun City homeowners are ready to forego that single family retirement home in favor of a low maintenance lock-and-go condominium with nearby/on site medical facilities.

As of yet, there are no age restricted high rise condos in the country's most popular retirement area, Las Vegas, though there is one mid rise in the popular Sun City Anthem development in Henderson. So where are the adult age restricted Las Vegas high rise condos?

One progressive Las Vegas developer has been listening to pent up demand, and is currently working on plans for a multiple tower project that would incorporate the city's first adult high rise condo towers. This upscale community would be located in the center of town within easy commute to the Las Vegas Strip and adjacent to a major hospital. Plans call for almost every unit to have a fabulous Strip view and all would come standard with every luxury upgrade imaginable, including granite, flat screen TVs and state of the art communications equipment. In addition to the usual amenities like fitness centers and spas, this multi use development would also include on site dry cleaners, restaurants, postal services, boutique grocery shopping, coffee shop, cleaning services, plus a few new tend setting twists that should prove extremely popular. Innovative building design should keep costs considerably below existing high rise projects so that the majority of current Sun City occupants from across the country would find them affordable.

Flloor plans, exact pricing and more details on this adult high rise project will not be available until sometime in early 2009 with estimated construction to be completed on the first towers in 2010. If you would like to be placed on our priority list to receive further information as it becomes available, please register online at: Las Vegas Adult High Rise Condos Or call us at 702-985-7654. The Tonnesen Team of Prudential Americana Group Realtors is proud to announce that the developer has chosen Prudential Americana to market the sales of this unique property. Stay tuned to this blog for more info!

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