Arby Condos
Construction of new projects in southwest Las Vegas hit a frenetic pace once the Las Vegas beltway was completed. The neighborhood is just a few minutes from downtown Las Vegas and the Las Vegas strip, but feels like it’s a world away.
There are several new master planned communities and gated developments in the area that offer both single family homes and condominiums.
One of the newest condominium developments is Arby Condos. This development is located at 8777 W. Maule Avenue, just south of I-215 and north of Rhodes Ranch Country Club.
Arby was completed in early 2007, and still offers several different properties on the market. There are currently units available ranging from $165,000 to almost $300,000.
The condominium development includes a resort style pool, with ample space for getting some sun or relaxing by the pool. There is also a spa for relaxing after a hard day’s work.
A modern fitness center allows residents to stay in shape and enjoy an active lifestyle in the comfort of their own home.
Covered parking, security, and gated entry are also all included at Arby Condos.
Some of the units available right now include a 1,199 square-foot condominium that offers two bedrooms and two baths. The listing price for the condominium is $199,063.
Buyers looking for a smaller condominium can find a one bedroom and two bathroom condominium for $176,080. This condo offers a floor plan of 941 square feet.
The largest and most expensive option currently on the real estate market at Arby Condos is a three bedroom and four bath unit. This 1,666 square foot condominium is listed on the market at $295,000.
Residents of Arby Condominiums enjoy easy access to downtown Las Vegas and the Las Vegas strip. The Las Vegas Beltway is less than two blocks away.
Las Vegas is home to some of the best restaurants, nightlife, and casino action in the world. World famous casinos such as the Bellagio, MGM Mirage, Luxor, and many others are all found on the Las Vegas strip.
These casinos offer world-class dining and entertainment in their in-house clubs and restaurants. They also offer many national touring acts throughout the year.
Las Vegas continues to attract new shopping centers and luxury brand names to the city. The Fashion Place Mall and Las Vegas Outlets are among the most popular areas in the city for shopping.
The neighborhood around Arby Condominiums also offers several restaurants, shops, supermarkets, and other retail outlets. Summerlin is just a few minutes from Arby Condos. The master planned neighborhood is home to some of the best restaurants and resorts in the city.
The current condition of the Las Vegas real estate market makes it important to study the market conditions of each neighborhood before deciding on a home.
Foreclosures have doubled over last year in Las Vegas, creating a glut of inventory on the market. There are over 2500 current listings on the MLS service in Las Vegas.
Many sellers are lowering their asking price in an attempt to attract more buyers. According to Zip Realty, 44.5 percent of sellers dropped their price during July 2007 for homes in Summerlin.
According to the Center for Business and Economic Research at the University of Nevada Las Vegas, the vacancy rate for the 89148 zip code, where Arby Condos is located, was just over 5 percent.
Buyers should be able to negotiate a competitive price for condominiums in Las Vegas. Finding the right property at the right price should become easier in the short term in neighborhoods around the city.
