Cosmopolitan condo sets record for most expensive resale
This is one expensive shoe box.
A 599-square-foot condo on the 56th floor of the Cosmopolitan’s east tower recently sold for $675,000, or $1,126.88 per square foot.
The deal, recorded July 5, is perhaps the most expensive resale per square foot in state history for any home, condo or otherwise, according to Luxury Real Estate Management co-owner Anthony Phillips, who sold the property.
By comparison, the median price per square foot of previously owned single-family homes sold in Southern Nevada in June was $96, according to the Greater Las Vegas Association of Realtors.
The one-bedroom condo on the Strip has a private terrace, telescoping doors, and a bathroom with marble tile and a Japanese soaking tub. The condo has views of the Bellagio, the Veer Towers condo complex and the Aria.
Property records show the buyer was Cosmos Ventures LLC of San Francisco, though it isn’t clear who is behind the entity.
The sellers were a married couple from Mexico, Armando Pizana and Juana Alicia Trevino De Pizana. They had bought the condo in February 2011 for about $650,000.