Spanish Palms reports record sales

Modern spacious floor plans, a growing array of amenities, expanded financing options including Veterans Administration home financing, and a location accessible to the heart of the city all combine to contribute to the success of Spanish Palms, where nearly 70 condominiums were sold over the last four months.

Last month, a three-bedroom residence closed at a price of $180 a square foot, a level not reached before in this established and recently reimagined development that is attracting residents of all ages seeking an affordable and convenient home in the heart of Las Vegas, just minutes from the Strip.

Situated across the street from Spanish Trail Country Club on South Rainbow Boulevard, Spanish Palms is undergoing significant revitalization and all homes and common areas are being refreshed and upgraded. Homes at Spanish Palms offer many upscale features, including open floor plans, large walk-in closets, private balconies and granite kitchen countertops. Spanish Palms' private one- and two- car garages are particularly appreciated by residents given that attached garages don't typically come standard with condo living.

Residents can enjoy a newly expanded fitness center, business center and conference room inside the clubhouse. And by preserving much of the existing landscaping, Spanish Palms embraces the best of two worlds: lush, mature vegetation and new amenities like a 16,000-square-foot Central Park in the heart of the neighborhood.

The guard-gated community boasts a round-the-clock attendant; two resort-style pools — one with a heated spa, the other with a cascading waterfall; poolside grills; clubhouse with full kitchen and dining area; fitness studio; business center; pet park; putting green with picnic and playground area; and easy access to the 215 Beltway, Interstate 15, McCarran International Airport and the Las Vegas Strip.

Uri Vaknin, a partner at KRE Capital LLC, whose company, in partnership with Dune Real Estate Partners, purchased Spanish Palms in 2013 as DK Las Vegas, said, "Spanish Palms remains an exceptional buy, particularly before interest rates are expected to rise again toward year-end. While real estate prices in other major metropolitan markets have recovered more fully from the recession, Las Vegas is still catching up, but even here, real estate prices are climbing, so now is the time to buy."

Spanish Palms offers three floor plans ranging between 744 square feet and more than 1,100 square feet with homes starting from $128,900. For more information on Spanish Palms, visit the sales center at 5250 S. Rainbow Blvd, No. 1055, open 10 a.m. to 6 p.m. daily Monday through Friday; 10 a.m. to 5 p.m. on Saturday; noon to 5 p.m. on Sunday. Call 702-719-6100; or visit SpanishPalmsLV.com.Spanish Palms is conveniently located in the heart of the city just minutes from the Strip.