A suburban high-rise condominium community has set a new pricing standard for 2015.
A Canadian buyer has spent $7.7 million to purchase an unfinished, 15,000-square-foot Crown penthouse at One Queensridge Place in Peccole Ranch, on the Las Vegas Valley’s west side.
The deal is the highest-priced home sold in Las Vegas so far in 2015, according to the home’s broker, Randy Char of Char Luxury Real Estate. It’s also one of the five most expensive local homes sold in the last five years, and one of the five priciest high-rise closings in the last decade.
Plus, it’s the highest value for an unfinished high-rise condo sold in the last five years.
The closing price handily beat a 2013 local record of $3.9 million for a 14,176-square-foot, unfinished condo at Panorama Tower II, across Interstate 15 from CityCenter.
“This sale raises the bar for the level of ultra-luxury in Las Vegas and speaks very highly for the future of the high-end real estate market,” Char said. “The towers were built in 2008 and the Crown purchase isn’t a speculative investment. It represents a real resident that is looking to design their one-of-a-kind custom home at the top of the tower.”
With interior build-out, the home’s value could be more than $10 million, Char said.
The last of One Queensridge Place’s four Crown penthouses is still on the market at $9.9 million. The penthouses come with 24-hour concierge services, a 15-car private garage, direct elevator and seven outdoor terraces spanning 3,000 square feet.
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