About MGM City Center Veer condos for sale in Las Vegas
Veer Towers condos for sale are listed as both new and resale. New condominiums for sale have been rented and are refurbished. Most condominium listings are available in the Las Vegas MLS but not all are listed here, call us to get all listings or sold COMPS at Veer Towers.
Veer towers are two 37 story high rise condo towers built at opposing five-degree angles at MGM City Center in the heart of the Las Vegas Strip.
There are 41 different floor plans for condominiums which is unlike any other high-rise condo tower in Las Vegas. Unit sizes and floor plans are different from the next floor and are priced based on the view which varies greatly.
High-end flooring varies by residence type. Contemporary European-style kitchen with Bosch appliances and designer bathrooms give a modern upscale feel to the units.
If you buy “new” condominiums (previously rented) from the current owners, you can choose from 3 designer finishes. They also have a limited number of furnished units available and provide help with financing the units.
Standard residences have 9 foot ceilings but penthouses have 12.5-20 foot ceilings.
Median price appreciation rate for Veer Towers condos for sale since recovery of 2011
MGM City Center had to start selling luxury condominiums in the toughest Las Vegas high-rise condo markets which we have documented in several blog posts.
Obviously City Center failed to sell units at introductory prices and several price cuts ensued but didn’t work. The remaining condominiums were sold to New York investors which are selling them as new luxury condominiums at much lower prices.
Veer condos for sale pricing stabilized in 2013 and the median prices of condos have been appreciating ever since. The median prices of Veer Towers units have appreciated by 21.6% from 2013, which is the third highest of all Las Vegas high-rise towers. Only Mandarin Oriental Hotel and Metropolis are outperforming it.
87 units were sold in 2016. 25 studios sold for $225,000-358,000. 42 one bedroom condominiums sold for $340,000-650,000. 13 two bedroom units sold for $530,000-1.3M. 4 three bedroom units sold for $1.318M-2M. 3 two bedroom penthouses condos sold for $1.4M-2.625M.
Veer condos for sale:
The cheapest Veer Towers condos for sale are 522 square foot studios on the 7th floor with asking list price of about $280K and the most expensive are penthouse units with asking list price of about $1.95M.
While the cheaper units have sold for close to asking list price, more expensive units have sold for tens of thousands of dollars below asking price. This is due to listing agent’s ignorance of Las Vegas high rise condo market and how to put a correct price on the unit.
Lord knows how many qualified buyers skip these listings because they think it is out of their price range. These languish on the market and eventually sell with a lowball offer, costing the poor seller a great deal of money.
Condo fees or HOA fees:
HOA fees or condo fees run from .63-.93 per square foot per month. Smaller units have the higher per square foot fees and it goes down as the unit size increases. HOA fees are subject to change.
Residents enjoy and can use: Valet parking, 24 hr security, and concierge, secured elevator access, business centers, boardrooms. Rooftop media room, billiard room, hospitality patio for outdoor entertaining, infinity pools, hot tubs and sun decks. Fitness centers, steam rooms, saunas and bicycle storage areas. Homeowners are in the M Life Curated Living Program with special benefits and priority access to dining and entertainment.
Veer Towers twin towers are located in the MGM City Center in the heart of the Strip at 3722 and 3726 South Las Vegas Blvd. You are right where the action is and walking distance to shopping, restaurants and all the Strip has to offer. Crystal is the upscale shopping center located in the City Center and of course, you have Aria Casino and the rest of the City Center properties surrounding you.
Veer condos for rent:
About 150 condos were rented last year. The cheapest Veer condos for rent were 537-557 square foot studios that rented for $1350. By far the most expensive condo for rent was a 3490 square foot penthouse luxury condo with, 2 bedrooms, 3 bath condo on the 35th floor that rented for $12,000. The next most expensive rental rented for only $8500!