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Old 05-13-2005, 02:06 PM   #1
Lensman
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MGM condos in Vegas? How much are they?

http://www.mgmgrandresidences.com

Any takers?
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Old 05-13-2005, 02:08 PM   #2
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contact their sales office I would guess they start at 350k, you could have your company buy it and pay for it with pretax dollars
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Old 05-13-2005, 02:08 PM   #3
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YARGH! Starting at 450,000.00
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Old 05-13-2005, 02:09 PM   #4
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Old 05-13-2005, 02:12 PM   #5
wargames
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Old 05-13-2005, 02:13 PM   #6
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YARGH! Starting at 450,000.00
450k not bad at all
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Old 05-13-2005, 02:14 PM   #7
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that's not bad.
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Old 05-13-2005, 02:14 PM   #8
makefuckingmoney
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they are going up like nuts..but beware of the over condonization of vegas..they are building a zillion over the next 3 years..
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Old 05-13-2005, 02:21 PM   #9
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they look tiny as fuck
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Old 05-13-2005, 02:28 PM   #10
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Studio and One and Two Bedroom residences starting at $450,000.
A little steep but you are in the MGM grand so do expect to pay a premium.
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Old 05-13-2005, 02:46 PM   #11
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damn with that price better be good
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Old 05-13-2005, 02:56 PM   #12
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it's by Turnberry, they make really nice buildings, but they almost always screw up on the pool. They make it too small and don't position it in the sun, and if you are in vegas it's really key to have a nice one. 450k for the condo, + 450k lost at the casino every year, good deal for MGM!
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Old 05-13-2005, 02:56 PM   #13
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It's not just the MGM Grand - I've gotten two solicitations by mail in the last week for the new condos at the Palms.
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Old 05-13-2005, 02:59 PM   #14
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I got one of em in Tower B, scheduled for competion in early 2006. (We'll see about that). 28th floor facing the strip. They are indeed tiny, but they are done very well, and the pics don't do them justice at all.
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Old 05-13-2005, 03:01 PM   #15
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Originally Posted by Timbo
I got one of em in Tower B, scheduled for competion in early 2006. (We'll see about that). 28th floor facing the strip. They are indeed tiny, but they are done very well, and the pics don't do them justice at all.
i have to come visit in early 2006..
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Old 05-13-2005, 03:07 PM   #16
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http://www.mgmgrandresidences.com/ne...35e1fd71 98d3

The girl in the picture so reminds me of a hooker I know. Anyway they are cheap as chips in comparison to any flats in London.
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Old 05-13-2005, 03:09 PM   #17
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I wonder what the condo fees run?
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Old 05-13-2005, 03:10 PM   #18
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It seems about every Casino in Vegas is currently building condominiums.
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Old 05-13-2005, 03:18 PM   #19
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$450k it better be damn good.
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Old 05-13-2005, 03:20 PM   #20
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450k is nothing...thats my tab at the rhino..monthly...
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Old 05-13-2005, 03:37 PM   #21
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450k is nothing...thats my tab at the rhino..monthly...
Amateur..
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Old 05-13-2005, 04:22 PM   #22
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they are going up like nuts..but beware of the over condonization of vegas..they are building a zillion over the next 3 years..
that is happening everywhere , but in the long term you will make $
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Old 05-13-2005, 04:27 PM   #23
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i wonder how much the association fee is every month too.
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Old 05-13-2005, 04:39 PM   #24
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i wonder how much the association fee is every month too.
MGM - Round $350 from what I remember on the singles.
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Old 05-13-2005, 04:43 PM   #25
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450k? thats all?
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Old 05-13-2005, 04:56 PM   #26
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MGM - Round $350 from what I remember on the singles.
not too bad
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Old 05-13-2005, 05:07 PM   #27
loverboy
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expensive shit, i should be working extra hard to even be a bedspacer.. lol

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Old 05-13-2005, 05:10 PM   #28
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Nice, That would be a nice thing to own
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Old 05-13-2005, 05:19 PM   #29
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Old 05-13-2005, 08:35 PM   #30
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i went and looked at buying one of those along with the Palms and Hard Rock...i'm holding off right now because in 2007 all of these units are going to hit the market and i'm not sold they are a great investment. there are 80 towers which have been annouced...some will never come to market but how many $500K+ units can Vegas support?

FYI, its 30% cash down UPFRONT on the MGM...20% on the Palms and Hard Rock and most others.

fees are around $400 per month for the MGM...you get 50% of all revenue generated by their hotel management program, but you also have to pay them another $400 per month in management fees.

the units themselves are pretty sweet - there is a full size model of the single and 1BR units in the sales office in the MGM itself...they are fully furnished with high end appliances, spa tubs, flat screens, etc.

Turnburry who is building them has a GREAT reputation....

IMO the project i'd go into would most likely be the Cosmopolitan right next to the Bellagio....probably Palms or Hard Rock 2nd choice....

after thinking about it, i'm looking at buying a unit at the Shore Club instead in South Beach....
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Old 05-13-2005, 08:38 PM   #31
Tango
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Quote:
Originally Posted by cool1g
i went and looked at buying one of those along with the Palms and Hard Rock...i'm holding off right now because in 2007 all of these units are going to hit the market and i'm not sold they are a great investment. there are 80 towers which have been annouced...some will never come to market but how many $500K+ units can Vegas support?

FYI, its 30% cash down UPFRONT on the MGM...20% on the Palms and Hard Rock and most others.

fees are around $400 per month for the MGM...you get 50% of all revenue generated by their hotel management program, but you also have to pay them another $400 per month in management fees.

the units themselves are pretty sweet - there is a full size model of the single and 1BR units in the sales office in the MGM itself...they are fully furnished with high end appliances, spa tubs, flat screens, etc.

Turnburry who is building them has a GREAT reputation....

IMO the project i'd go into would most likely be the Cosmopolitan right next to the Bellagio....probably Palms or Hard Rock 2nd choice....

after thinking about it, i'm looking at buying a unit at the Shore Club instead in South Beach....
great info - thx for the well done research
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Old 05-13-2005, 08:39 PM   #32
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Great investment opportunity
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