Vegas Fine Estates HOT BUY LIST Dec 2009

December 2009 Dear Vegas Fine Estates Clients and Friends, Vegas Fine Estates is proud to announce that in 2009, our team broke the record for the LOWEST price per square foot SOLD while representing our Buyer, AND we also broke the record for the HIGHEST price per foot SOLD while representing our Seller in one of our signature luxury listings! We’ll say it again… “Who You Hire Really Matters”! We are in the best Buyer's market we have seen in years, Vegas Fine Estates closed more deals in the month of November than in any other month this year. Nearly 80% of the homes featured in our last "VFE HOT BUY LIST” were sold in 30 days or less. The latest Las Vegas Real Estate Market Report from www.NARREIA.com (National Association of Residential Real Estate Investment Advisors) shows the Las Vegas MLS has more homes under contract, than homes available for sale. The report shows inventory quickly being absorbed by Buyers. At this rate the MLS offers only 22 days of inventory. Earlier this year the MLS had over 20,000 Single family homes for sale and today we have only 8,588 homes available for sale. The winds are changing. October 2009 sales were the highest sales we have seen since March 2006 and October was the 9th straight month of sales increases. Single family home prices are up 4% and Condo prices have finally gone up 6.5%! Please feel free to forward this email, reccomend us, call us at 702-400-0645 or email us at Team@VegasFineEstates.com at anytime. We love our job, so lets talk! Now, we invite you to preview our most exiting ‘VFE HOT BUY LIST’ in 2009! Again, for your convenience, the VFE HOT BUY LIST’ is divided into 4 categories: · Luxury Homes & Estates - Over $1M · Luxury/Country Club - Under $1M · Strip/Downtown Condos - Under $1M · Hot Buys & Investment Homes - Under $100K! Luxury Homes & Estates - Over $1M Red Hot Deal in "The Ridges" Magnificent 1 story custom home in double gated Promontory in The Ridges, over looking double fairway with amazing views of the golf course and mountains. This home is finished to the very highest standards with over 1 million spent in finishes alone. Backyard paradise with infinity pool/spa and a lot of room for entertainment. 36" marble slab floors, Venetian plaster throughout, stone base boards, double offices, pockets doors, great floor plan, much more... Home: 7,700 square feet, 4 Bedrooms, 4.5 Baths Lot: 0.67 acres on a double fairway custom home site Community: Country Club, Golf Course, Guard Gated Price Was: $5,500,000 Now only: $2,499,000 Vegas Fine Estates Suggested Offer: $2,250,000 Elegant MacDonald Highlands House is currently under construction. Approximately 10,000 sq. ft. golf course frontage home complete with, Elevator, home automation, ballroom, 6 car garage, negative edge pool and spa, custom built fire pit, panic room, game room, exercise room, theater room, etc. Similar home sold for $8,500,000! Home: 10,000 square feet, 5 Bedrooms, 7.5 Baths Lot: 0.48 acres on custom home site, with views. Community: Country Club, Golf Course, Guard Gated Price Was: N/A Now only: $2,899,000 Vegas Fine Estates Suggested Offer: $2,500,000 Brand New MacDonald Highlands Estate Breathtaking architecture, stunning strip views, superb finishes, Fabulous Floor Plan with Dramatic Entry Way, European Foyer with double staircase features hand-cut crystal chandelier, granite and Brazilian cherry wood flooring which leads to the 2-story grand salon. Pool features swim-up bar, luminaries jet fountains into the spa, three fountains. Glass observation deck, custom glass elevator, media room and two full master bedrooms (one on each level). Home: 13,000 square feet, 6 Bedrooms, 7.5 Baths Lot: 0.48 acres on custom home site, with views. Community: Country Club, Golf Course, Guard Gated Price Was: $6,500,000 Now only: $4,900,000 Vegas Fine Estates Suggested Offer: $4,250,000 Incredible opportunity at the most exclusive address! This super posh building has been named one of the top five luxury buildings in the country, the two 18 floor towers are home to only 84 exclusive units. In the past 3 years units have sold for $800 to over $1,300 per foot. The MLS currently has 10 units for sale which range from the high $700's to over $2,200 per foot, the subject REO unit is asking under $500 a foot. This unit just came on the Market and it won’t last long at 50%-70% below the asking price of other like units in the Towers. These same floor plans last sold for: · 7th floor unit sold for $4.8 ($980 per foot) sold in 9 days on 08/20/08 - Asking price was $4,995,000.00 · 10th floor unit sold for $5.0 ($1,020 per foot) sold in 42 days on 02/07/08 - Asking price was $5,950,000.00 · 15th floor unit sold for $6.5 ($1,321 per foot) sold in 166 days on 08/11/06 - Asking price was $8,400,000.00 · The subject property is on the 14th and asking only $2,450,000.00 (under $500 per foot)! Home: 5,000 square feet, 4 Bedrooms, 5.5 Baths Community: Guarded, Concierge, On-site staff, Exercise Room, Pool, Recreation Room, Security, men's and women's Spa Center, Pool Cabanas, Tennis, Wine Locker, Grand Salon, Library, Valet, Game room, Billiard room, too much.. Price Was: $6,000,000 Now only: $2,450,000 Vegas Fine Estates Suggested Offer: $2,250,000+ Luxury/Country Club - Under $1M Classic Spanish Trails Villa Beautiful Two-Story home, Nice Hardwood and ceramic floors though out, new carpet and paint recently completed. Living room with cozy fireplace, separate family room, kitchen with solid counter, pantry, and breakfast bar. Master bedroom is complete with walk-in close, double sinks, spa, vanity area and a balcony which over looks the love yard and covered patio area. Home: 2,500 square feet, 3 Bedrooms, 2.5 Baths Lot: 0.16 acres. Community: Country Club, Golf Course, Guard Gated Price Was: $559,000 Now only: $299,000 Vegas Fine Estates Suggested Offer: $280,000 Tuscany Estates Spotless and nicely upgraded bank-owned home in guard gated golf course community of Tuscany, near Lake Las Vegas. Huge island kitchen with granite counters. Spacious loft with laminate wood flooring. Office with built-ins in 3rd story den above master. Custom paints, floors, multiple balconies, and upgrades all around. Incredible value for the quality and square footage! Truly move-in condition. Home: 4,400 square feet, 4 Bedrooms, 4 Baths Lot: 0.17 acres. Community: Club House, Community Pool, Golf Course, Guard Gated Price Was: $765,000 Now only: $340,000 Vegas Fine Estates Suggested Offer: $310,000 Red Rock Country Club Nice property on Golf Course in East Gate of Red Rock CC. Shows well, nice flooring, great views, courtyard entry, granite. Newly installed sod in front and rear, much of the landscaping has also been replaced. One of 12 to choose from in RRCC! Home: 2,550 square feet, 3 Bedrooms, 3.5 Baths Lot: 0.17 acres. Community: Club House, Community Pool, Golf Course, Guard Gated Price Was: $825,000 Now only: $400,000 Vegas Fine Estates Suggested Offer: $385,000 Painted Desert Golf Community Unique floor plan. High ceilings in living and dinning room. Large "L" shaped kitchen with walk-in pantry and intercom system throughout home. Bedroom and Bath Downstairs, Laundry room upstairs with sink and cabinets. Master bedrooms has a sitting room, two way fireplace, and three skylights. Nice backyard, covered patio, new paint, new carpet and a 3 car garage with Bathroom and Storage complete this home. Home: 2,650 square feet, 4 Bedrooms, 3.5 Baths Lot: 0.14 acres. Community: Community Tennis, Golf Course, Guard Gated Price Was: $499,000 Now only: $210,000 Vegas Fine Estates Suggested Offer: $199,000 Strip/Downtown Condos - Under $1M SoHo Lofts Spectacular art deco style Loft (high rise) building in the heart of downtown art's district. This corner unit offers full strip and mountain views, dark cherry imported Della Casa cabinetry, Kohler fixtures, and Jacuzzi tub in master bath. On site 24/7 doorman, rooftop Gym and community pool, parking and much more including a Las Vegas blvd. address! Home: 1,600 square feet, 2 Bedrooms, 2 Baths Lot: N/A Community: On the Strip, Security, and Concierge. Price Was: $799,000 Now only: $155,000 Vegas Fine Estates Suggested Offer: $155,000 Trump International Hotel Las Vegas Floor to ceiling window with full Strip views. Magnificent penthouse living with elegant furnishing. Complete turn key unit. In Mirror TV, High end marble bathroom and first rate appliances, Plasma screen TV built in cabinets, range, microwave, owner's lock-out closet. Trump rental program for extra income is always available to all unit owners. This is the best there is, 24 hr room service, Valet parking, 24 hr security, Concierge, Doorman, Fully staffed Spa, and so much more... Home: 600 SF Lot: N/A Community: On the Strip, Security, and Concierge. Price Was: $599,000 Now only: $150,000 Vegas Fine Estates Suggested Offer: $145,000 Panorama Towers (located just behind City Center!) Designer upgraded unit facing west (the beautiful mountains). Great unit with den and dining room, two large bedrooms, patio overlooking the pool and overlooking the sunset, every upgraded feature possible! Built in closet organizers, granite countertops, travertine flooring, oversized shower, custom cabinets.... Building offer, pools, Gym, Racquet ball courts, Yoga studio, stream room and game rooms just to name a few amenities. Located just behind the 8.5 Billion dollar City Center project! Home: 2,100 square feet, 2 Bedrooms, 3 Baths Lot: N/A Community: On the Strip, Valet, Security, and Concierge. Price Was: $1,200,000 Now only: $379,000 Vegas Fine Estates Suggested Offer: $345,000 * Many other units available in Panorama Towers from the low 200's Hot Buys & Investment Homes Under $100K! Spring Valley Single Story Great single story 3 bedroom starter home or rental unit. Located in Spring Valley (Flamingo and Rainbow) this home is minutes away from the Strip and Airport. Spacious yard offers a private garden and the master suite bathroom has a large walk-in shower. Needs a little cleaning, new paint, and its ready for move-in! Home: 1,100 square feet, 3 Bedrooms, 2 Baths Lot: N/A Community: Parks, Great location! Price Was: $215,000 Now only: $79,000 Vegas Fine Estates Suggested Offer: $75,000 Single Family Home in Green Valley! Great floor plan in cul de sac. The second floor has been refinished, with wood floors, home sits on an over sized lot and the community has no HOA. Plenty of room for a pool and only minutes to the 215 and Strip/Airport. Home: 1,300 square feet, 3 Bedrooms, 3.5 Baths Lot: 0.16 acres Community: Park, School, 215, Great location! Price Was: $265,000 Now only: $97,000 Vegas Fine Estates Suggested Offer: $95,000 Single Family Home in Silverado Ranch! Great community and home for living-in or rental home, near 215, schools, and shopping. 3 bedrooms and 2.5 baths make this home very comfortable and an easy rental. Home: 1,500 SF, 3 Bedrooms, 2.5 Baths Lot: 0.06 acres, corner lot. Community: Park, School, 215, Great location! Price Was: $215,000 Now only: $93,000 Vegas Fine Estates Suggested Offer: $95,000 UNLV Area 4-plex! This UNLV area 4-plex is in a guard gated community with pool, park and each unit has a 1 car garage with in unit laundry. The building consists of two 1 bed/1 bath units, one 2 bed/ bath and one 3 bed/ 2 bath, it is being sold for $126,000 or $31,500 per unit! The estimated monthly rental rates are: 1 bed/1 bath units = $600 X 2 2 bed/1 bath units = $750 3 bed/2 bath units = $850 TOTAL = $2,800 per month Price Was: $500,000 Now only: $125,000 Vegas Fine Estates Suggested Offer: $125,000 Downtown Triplex under $40K! Three apartments with full kitchens, and baths. All units can be leased for triple the income. All 3 units for under $40K! Needs work, great Downtown location, many rehabs being done in the area, EZ rentals. Won't last long. Located near the 95 and 15 freeways, with redevelopment area, LOW taxes, and across from 2 city parks! Sold "AS-IS. Home: 3 studio units Lot: 0.11 acres Community: Downtown Price Was: $120,000 Now only: $36,800 Vegas Fine Estates Suggested Offer: $36,000 Sunrise Condo under $40K Spacious 2 bedroom second floor condo in gated community/Community offers two pools, Jacuzzi spa. Gym, RV and boat parking. Bright and open floor plan with vaulted ceilings, pot shelves. Set up like 2 owners’ suites plus Balcony with mountain views. All appliances including the microwave which are all in place. Home: 1,100 square feet, 2 Bedrooms, 2 Baths Lot: N/A Community: Parks, Great location! Price Was: $185,000 Now only: $39,000 Vegas Fine Estates Suggested Offer: $37,000 Vegas Fine Estates main focus has always been in the luxury market and our team continues to be a leader in this marketplace. We are currently representing a portfolio of luxury homes from $600K to over $40 Million! Please go to www.VegasFineEstates.com/properties.php to view our luxury collection. Please email us your criteria and we will respond with a customized list of homes that fit your specifications. As always, please feel free to forward this email and to recommend us! If you know someone thinking about buying or selling a house, please tell them to talk to us – they will have nothing to lose and everything to gain! To preview homes or for more information on our HOT BUY LIST, contact Vegas Fine Estates Partner, Zar Zanganeh, at 702-400-0645 or Z@VegasFineEstates.com May you and your family have the happiest of holidays and be blessed with warm memories and granted wishes. Live an Inspired Life, Kristen Routh Silberman 702-467-7100 K@VegasFineEstates.com Lee M. Medick 702-494-8270 L@VegasFineEstates.com Janice Krygier 702-883-1488 J@VegasFineEstates.com Zar Zanganeh 702-400-0645 Z@VegasFineEstates.com A Premier Division of Tower Realty Group 8275 S. Eastern Ave, Suite 200, Las Vegas, NV 89123 www.VegasFineEstates.com