MGM condos in Vegas? How much are they?
 

http://www.mgmgrandresidences.com

Any takers?

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

YARGH! Starting at 450,000.00

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Krikorian is a genius

450k not bad at all :thumbsup

that's not bad.

they are going up like nuts..but beware of the over condonization of vegas..they are building a zillion over the next 3 years..

they look tiny as fuck

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.
WG

damn with that price better be good

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!

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.

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. :thumbsup

i have to come visit in early 2006.. :pimp :pimp

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.

I wonder what the condo fees run?

It seems about every Casino in Vegas is currently building condominiums.

$450k it better be damn good.

450k is nothing...thats my tab at the rhino..monthly...

Amateur..

that is happening everywhere , but in the long term you will make $ :2 cents:

i wonder how much the association fee is every month too.

MGM - Round $350 from what I remember on the singles.

450k? thats all?

not too bad :thumbsup

expensive shit, i should be working extra hard to even be a bedspacer.. lol

:smokin

Nice, That would be a nice thing to own

dayam thats bank

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
:thumbsup

Great investment opportunity