Char Luxury Real Estate, a new Las Vegas brokerage, has announced its record-breaking $7.7 million sale of the unfinished Crown penthouse at One Queensridge Place. Sold to a Canadian buyer, the Crown spans over 15,000 square feet and is part of one of the most exclusive high rise communities in Las Vegas.
According to a report from the county assessor, the transaction sets the record for the highest priced property sold in Las Vegas year to date, as well as one of the top five highest priced residential properties sold in Las Vegas over last half decade. It also marks the highest value of an unfinished high rise condominium sold over the past five years and is in the top five highest high rise closings in Las Vegas over the past decade.
“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;” says Broker Randy Char. “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. Not only is this a record setting sale, the property is unfinished, so it is feasible that with customization, this home could reach in excess of $10 million when it’s completed.”
The residence is one of four Crown penthouses. With each Crown comes 24 hour concierge services, a 15 car private enclosed garage, direct elevator service, seven terraces spanning 3,000 square feet with panoramic views of the Las Vegas Valley and an amenity list that rivals those of the finest in the world.
The last available Crown is currently on the market and offered at $9.9 million. One Queensridge Place, located 10 miles west of the Las Vegas Strip, has two 18 story residential towers that feature only 219 “Custom homes in the sky.” This high rise community offers a world class spa, private wine cellar, 24 hour guard gated security and so much more. Set against the backdrop of southwest Las Vegas, One Queensridge Place is moments away from PGA championship golf courses, Red Rock Canyon National Park and spectacular shopping.