Allure Las Vegas Close to Selling Out!

Because of the great prices and lower association fees than most high rises, only about 50 units are left in this 41 story Las Vegas luxury condo development located on the North end of the Las Vegas Strip. Plus the developers of Allure Las Vegas have made further price reductions to move the remaining inventory quickly!

"We are excited to continue to provide great value to investors and people looking to make Allure their home," said John Tippins, president and broker of Northcap, the sales and marketing management company for Allure. "I believe that the Las Vegas community recognizes the value of the building. The fact that the building is 90 percent sold out and the outlook that there will be no new competition of this magnitude within the next few years, provides buyers with the extreme confidence that Allure is the best value in Las Vegas."

Las Vegans are not the only ones recognizing the value of the property. The Robb Report recently featured Allure in its "Where to Buy Now" section and ranked the building as the No. 1 value in the Las Vegas high rise real estate market.

With 1, 2 and 3 bedroom residences starting at only $174,900, owners at Allure Las Vegas can enjoy views from their private balconies of the surrounding mountains and Las Vegas Strip. Incorporated into these luxurious residential condominiums are 9-foot-6-inch ceilings, European-style cabinetry, granite countertops and Italian porcelain flooring. And all residents enjoy the security of a 24-hour doorman, a club room with catering kitchen, a private rooftop pool with cabanas, and on-site concierge service.

Plus Allure is one of the few new high rises offering financing to potential buyers along with buyer incentives for flooring upgrades. Allure was developed by Steven Fifield of The Fifield Companies, a Chicago-based leading real estate development firm producing luxury urban high rise condominium residences and office towers.

The Las Vegas Real Estate Agent Who Went Too Far

As Realtors we are programmed to go the extra mile for our customers. It’s all about providing superior service, right? And Las Vegas real estate is super competitive, so you really have to step up your game. Over the years I have scrubbed toilets, cleaned ovens, babysat for pets, helped clients find jobs, and in a couple of instances even let them move into my own home for up to a month when an escrow was delayed.

But sometimes you just have to say “no” to a client, as one Realtor found out the hard way. Below is a true story of the Las Vegas real estate agent who went too far trying to please a client.

“Poindexter” had cash buyers in town that were on a mission to purchase several Las Vegas investment properties. They had already predefined a certain neighborhood they wanted to purchase in – one where the crime index was a bit high - but the prices were cheap and the return on investment was exceptionally good.

“Poindexter” had done his research on the MLS, and had a list of eleven homes for sale in Las Vegas with good cash flow potential ready to show. He and his clients headed out late in the afternoon just as the sun was beginning to set.

About halfway through the list, “Poindexter” and his clients came to a property with no lock box, though the MLS listing indicated that one should be there. This was a brand new listing and the sign wasn’t even in the front yard yet. But the house was supposed to be vacant and the clients were REALLY insistent about seeing it RIGHT NOW, so “Poindexter” circled the home looking for a door that had been left unlocked. (This happens more times than we like to think!) “Poindexter” didn’t find an open door, but he did find a window that was unlocked, so he proceeded to climb through the window and let his clients in through the front door.

Unfortunately for “Poindexter,” one of the neighbors saw his unorthodox method of entry and called the police, who responded quickly. Faster than you can say “commission check,” “Poindexter” and his client were sitting on the curb in front of the home, hands shackled behind their backs while the police tried to contact the listing agent, who, of course, was nowhere to be found.

Overzealous “Poindexter” and his clients were then treated to a tour of local police headquarters. In the meantime, his lovely almost new Lexus was left in front of the home. A few hours later the misunderstanding was cleared up (though “Poindexter” was ultimately charged with illegal entry). Upon returning to the neighborhood via cab, “Poindexter” discovered much to his dismay that not only had the car been broken into and all his “stuff” stolen, but it had also been professionally been redecorated by a graffiti artist. (The all-too-observant neighbor lived behind the subject property where the entry window was located, but couldn’t see the front of the house.)

Needless to say, even though “Poindexter” was trying to please his clients by acceding to their request to view the house NOW, the clients weren’t too pleased with the unplanned field trip to police headquarters. So the ungrateful clients took off in a cloud of dust, never to be heard from again, and “Poindexter” was left with no sale, no car and a police record. There does come a time in every agent’s life when going the extra mile is just going too far, and poor “Poindexter” crossed that line.

Three Great “Excuses” to Buy a Las Vegas Luxury Home Now!

Is now the time to buy a luxury vacation home or primary residence? According to the Wall Street Journal – YES!

As per the WSJ: “The clouds hanging over upscale vacation-home markets are starting to lift. While prices are still falling in most regions, the luxury segment is picking up, and brokers are reporting more inquiries than they have had in years.

The upshot: If you have the money and plan on staying put for the long term, now may be a good time to buy.”

Luxury real estate in Las Vegas is no exception. Prices are at an all time low – 40% to 60% less than what they were a mere 5 years ago. But demand is up as affluent buyers are in the market again, and the bargains are priced for every budget.

Excuse #1

Enjoy true luxury living in the gorgeous guard gated Southern Highlands estates at an amazing price! 5064 sf 6br 5.5ba with fabulous amenities including granite, stainless steel appliances, dramatic wrought iron staircase, 3 fireplaces, spa tub and separate 700 sf guest casita. The backyard has a resort style pool and spa, covered patio, and lush mature landscaping! Guard gated private country club - memberships available. Appraised for over $1.2M in 2006 and now bargain basement priced at only $440k.

Excuse #2

Las Vegas golf course homes don’t get any better than this incredible former model home on a spectacular elevated lot in Anthem Country Club with phenomenal views! Gorgeous 3571 sf 1 story with four bedrooms (fourth bedroom built out as office with private bath), black granite island kitchen, custom tile floors, 2 fireplaces, skylights, family room with built in entertainment center and TV, 2 wine fridges and more. And then there's the yard - a lush 1/3 acre lot high above the 7th fairway with pool, spa, swim up bar and barbecue with a beer tap. True perfection! Seller's loss is truly buyer's gain on this one. Owners paid over $1.275M, but have priced it lower than the bank repos at only $775,000!

Excuse #3

Or how about a fabulous Las Vegas penthouse condominium with panoramic 360 degree views of the entire Vegas Valley? All three top floor penthouses of Panorama Tower II were combined to make this remarkable 14,000+ sf 6 bedroom 8.5 bath one-of-a-kind Mega Penthouse! Spectacular finishes and magnificent décor through-out, designed for the entertainer with a 14 seat dining room, 22 seat theater, multiple master bedrooms, Zen garden, and over 2800 sf of terraced balconies and patios. Not to mention the superb location adjacent to the MGM City Center and Las Vegas Strip. Bargain basement priced at $6.5M! Priced as low as other Las Vegas penthouses with less than half the square footage, and the only other available penthouse of comparable size is listed at $20M+!

Again, according to the Wall Street Journal report, “… many second-home buyers are wealthy enough to pay in cash, sidestepping the restrictive and time-consuming mortgage process. Last year, 36% of vacation-home transactions were all-cash deals, up from 29% in 2009, according to the National Association of Realtors. "If you have cash right now, you are in unique position," says Paul Dales, senior U.S economist with research firm Capital Economics.”

So if you have a bit of extra money lying around, bring the checkbook and cash in on these amazing Las Vegas homes for sale!