45 Las Vegas Dream Condos to be Auctioned

Real Estate Disposition Corporation (REDC), the nation’s largest real estate auction firm, will auction45 luxurious condominium homes located at Monterey at the Las Vegas Country Club on August 16 at 11 a.m. at Palace Station Hotel and Casino. Registration begins at 10 a.m. The Palace Station Hotel is located at 2411 W. Sahara Ave. in Las Vegas.

“This once in a lifetime event will be a great opportunity for buyers to gain ownership in one of Las Vegas’ premier communities,” says Keith McLane, President of REDC’s Builder Division. “There will be dream homes at amazing auction prices at this event. These are wondrous residences or second homes in a very exclusive community at rock bottom prices.” The stylish Monterey condos that will be auctioned range in size up to 1,800 square feet and have been previously valued up to $516,400. Starting bids on the properties will begin as low as $39,000. Financing as low as 3 percent down with FHA approval will be available.

“These are lovely, contemporary condos in an ideal and historic location,” McLane adds. “It’s a unique chance to buy an exclusive residence in this community at attractive auction prices. If you're looking to buy or invest in today's housing market, the best time to buy is with low prices and low interest rates. That time is now. Today's low prices and low interest rates have created a perfect storm for home buyers. This is a very unique time to buy in the real estate market."

The condos at Monterey at Las Vegas Country Clubare located east of the Strip within the gates of the Las Vegas Country Club. The sales office, located at 2838 Loveland Drive, is open from 10 a.m. to 5 p.m. daily.

Monterey’s location is ideal. With stunning views of the world-famous Las Vegas Strip, the properties are merely steps away from the exciting nightlife, dining and entertainment venues of Vegas’ hottest nightspots. Many of the condos in this gated and private community are located along the beautiful fairways of one of Las Vegas’ most legendary golf courses. Exquisite architectural elements include private patios or balconies, floor-to-ceiling fireplaces, wet bars, built-in bookshelves, and oversized walk-in closets. Upgraded flooring, two-tone paint, maple cabinets and slab granite counters are all included features. 

"Careful attention to all details has been given to every loft from distinct architectural space planning to other thoughtful features and nuances," McLane says.

Additionally, residents have access to the resort-style amenities behind the 24-hour guarded gates of the world-renowned country club. Among the amenities are sparkling swimming pools, relaxing hot tubs, an onsite fitness center, and picnic areas with gas barbecues.

Buying homes at auction is becoming more of a trend for first-time homebuyers, consumers and investors, and REDC is the national leader in real estate auctions, having sold more than $5 billion in real estate assets since May 2007.

These modern-day real estate auctions have gained tremendous appeal and popularity among buyers and sellers, even in today’s difficult economic housing environment. In fact, auctions now play a major role in real estate sales with ever-increasing numbers of financial institutions, developers, and the public, making auctions the preferred choice over conventional, time consuming and expensive sales methods, according to Frieden. With the decline of home sales and the amount of homes and condos available nationwide, banks and home builders are pulling out all the stops to sell new homes.And they are turning to auctions and to REDC.

To visit Monterey from the Las Vegas Strip, take Sahara Avenue east. Turn right on Paradise Road and left on Karen Avenue. Enter the community through the Las Vegas Country Club Estates gate on Karen Avenue, located between Paradise Road and Maryland Parkway. The guard gated attendant will direct you to the sales center.

For more information on REDC or the condos at Monterey at the Las Vegas Country Club, please click here.