Turnberry Grand Towers MGM
MGM Signature
Las Vegas High-Rise - Real Estate

Search  Turnberry Grand Towers MGM Homes for Sale
Focused search reflecting only those homes currently listed for sale in this community

Resale list prices range from $176 per sq. ft. to $1,416 per sq. ft. and average $437 per sq. ft. at the time of this writing, March 31, 2010. The average sq. ft asking price in January 2008 was $1,026 per sq. ft. Currently listed properties range in price from $125,000 to $1,975,000.  HOA fees range from .90 to 1.10 a month per sq. ft. This is an approximation and subject to change. Over the last three months the MLS shows 48 sales at prices ranging from $125,000 to $540,000

Financing has been a big problem facing any potential buyer for this development or any of the other hotel/condo projects. I am presently working on a sale that could represent some change in this. Will update this information when there is any change. Hotel/condos, given their greatly reduced prices, are starting to make some sense, from an investment perspective. Using information from the property managers, it looks like the average rental income exceeds the monthly association fees by enough that, again, given the reduced pricing, it looks like it might be a good potential investment. 

This development consists of three, identical, other than for decor, 40-story condominium-hotel towers with 16 residences per floor and 576 in each building. It  is currently the only existing condominium-hotel connected to a major resort on the Strip, that being the MGM Grand.  Only two floor plans are available, a 520 sq. ft studio and a 874 sq. ft. one bedroom. It is a hotel/condo and as such would participate in the on-site rental program. This can be an attractive option for those individuals that spend considerable time in Las Vegas but do not want the expense or hassle of a conventional condo situation. This has been far and away the biggest success story of all local hotel/condo developments. It was built by Turnberry, a major high-rise developer in this area in conjunction with the MGM. The project is now sold out, but many resales are available (see link above).

Each suite features a deluxe king-size bed, marble and granite bathrooms with dual-sink vanities and Jacuzzi-brand whirlpool tubs. Additional unit amenities include high-definition flat-screen televisions, high-speed wireless internet service and DVD/CD players. Most suites feature private balconies with views of The Strip and surrounding mountain landscape.

Each tower features amenities such as 24-hour front desk and concierge service, in-suite dining, a guard-gated security entrance into the community,  state-of-the-art fitness center, private swimming pool and a lobby lounge. Residents can access MGM Grand and its amenities via an enclosed moving walkway.

Residents also have access to the amenities at MGM Grand including its 171,000-square-foot casino, a outdoor pool complex with five swimming pools and private cabanas and the Grand Spa with 30 treatment rooms.

Other condo hotel options include Platinum, Palms Place, the Trump Tower, Vdara at City Center and possibly The Cosmopolitan.

Millie Fine
CENTURY 21 Aadvantage Gold
Toll Free 1-888-449-3463
Home office 1-702-363-5599
E-Mail Millie!
millie@milliefine.com 

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