Unit 4619 – Kamran Zand sells for a record-breaking $1,423 per SQFT, the Cosmopolitan’s highest resale price per SQFT.
As one of the most modern and luxurious resorts on the Strip, there are plenty of reasons why you might be walking through the lobby of the Cosmopolitan of Las Vegas. Perhaps you’re heading to dinner for a 28-ounce dry-aged porterhouse at STK or a whole European seabass at Estiatorio Milos. Maybe you’re ready to enjoy a cocktail at the three-story tall Chandelier bar or you’ve just wrapped up a night of VIP bottle service at Marquee nightclub.
Now imagine hopping on a nearby elevator and riding up to a private suite in just seconds. No car, cab or Uber to worry about. Just head to your room and relax in the world-renowned comfort and style the Cosmopolitan is known for – and simply go to bed.
Sounds like a typical scenario for any of the thousands of tourists who flock to Vegas each year. But here’s the catch: You’re not a tourist. You’re a homeowner.
Unit 5281 sits high on the 52nd floor of the East Tower
It’s something of a secret, but the Cosmopolitan luxury hotel actually has 17 units that are currently under private ownership. The story dates back to before the recession, when the property was originally designed to have a condominium component before being switched to an all-hotel format as the economy tanked. Most of the owners agreed to a settlement on their deposits, hoping to minimize the losses on their new investment. However, a few chose to ride out the downturn and remain owners to this day while enjoying a spike in value as the economy rebounds.
During those rare moments when the Cosmopolitan of Las Vegas condos are for sale, you can bet Luxury Estates International (LEI) will have the scoop. An owner recently decided to sell, using LEI as the exclusive brokerage, offering a rare opportunity to take control of one of these highly desirable trophy properties. Unit 5281 sits high on the 52nd floor of the east tower, featuring a jaw-dropping unobstructed view of the Strip with the Planet Hollywood resort directly across the street. Other landmarks in sight include the Eiffel Tower replica at Paris Las Vegas and the High Roller observation wheel at The LINQ. Even better, the spectacular scenery can be enjoyed in the open air, since the Cosmopolitan is the only high-rise on the Strip with outdoor balconies.
The interior of the unit offers the same modern style, elegance and comfort found throughout the hotel, with contemporary furnishings and utilities included. Room service and housekeeping are available with additional charges. Constructed on a relatively small footprint of just eight acres, the Cosmopolitan is vertically oriented with restaurants, shops and other features accessible from floor-to-floor and an underground parking garage directly beneath both towers.
In addition to exciting and vibrant high-rise living, a condo like this also offers the possibility of being a profitable investment. When not in use, the unit can be rented out through the Cosmopolitan’s hotel program. With an in-demand location in the heart of the Strip, the opportunities are endless.
The listing comes on the heels of another big sale at the Cosmopolitan. A unit on the 46th floor of the west tower recently sold for a record-setting $1,423 per square foot, closing in just 13 days. The deal, represented exclusively by Kamran Zand and Luxury Estates International, became the most expensive price per square foot for a resale condo in the Cosmopolitan.
Don’t let another rare opportunity like this pass you by. For more information on buying a private unit at the Cosmopolitan of Las Vegas, contact Kamran Zand at 702.800.0284.