REDUCED and Priced 50% BELOW CityCenter $ Sq/Ft for a top floor penthouse. This luxury penthouse has been Architectural Digest featured originally priced at $10.3 million!!!

Imagine the hawk gliding pass the sky at your eye level!! Discover why CNBC, CBS and German RTL filming news stories in it.

One of a Kind 3 Story Penthouse on the Las Vegas Strip that has bi-directional views of the Strip is now available for your family time and holiday entertaining. With 4 bedrooms, 4.5 baths, Venetian plaster walls, metallic painted walls in soothing copper, faux painted and suede painted walls to silver tissue hand layered walls, this home has been professionally decorated like a New York Park Avenue penthouse.

Tastefully contemporary style has a two story soaring living room with floor to ceiling glass. Motorized shades in many rooms, custom closets, travertine 24x24 floors and hardwood floors, home theatre area, home gym area, two kitchens with one outdoors, interior elevator, rain head with two shower heads in master shower, jetted tub overlooking the Strip, kitchen pantry systems, walk-in pantry, 2 wine refrigerators, 3 dishwashers, 2 wet bars, high speed microwave, convection oven, warming drawer, 3 ice machines, 3 bar refrigerators, island with suspended stainless steel hood, outdoor heated spa under the stars, balcony with bi-directional Strip views and a large terrace with similar views and Miele washer and dryer just to name a few of the amazing upgrades in this luxury penthouse.

This penthouse comes with 3 parking spaces especially selected to be close to the elevator lobby. It also comes with two large storage lockers in addition to an ensuite storage room. Sold unfurnished with furnishings and selected art items optionally offered for sale.

This luxury penthouse compared to luxury penthouses under construction on the Strip priced over $2400 a sq foot, this is a great opportunity for those seeking to own a unique luxury condo now on the Strip priced approx $1100 a sq foot.

This is a short sale

If you have not owned a home in three years, you qualify as a first time home buyer. If you buy a home after April 9, 2008 and before July 1, 2009, you qualify for this credit. Call your friends who just bought a home since April 9th and tell them they may take $7,500 off their tax bill if they qualify. It has to be your principal residence, so rentals do not count.

The tax credit is 10% of the cost of the home, up to a maximum of $7,500. This is not an additional deduction that lowers the amount of income to be taxed, it is a tax credit. In other words, you take $7,500 off your tax bill. But there is a catch; the credit you receive now is actually an interest-free loan that must be repaid.

The loan has no interest, and will be paid back over 15 years. You get the credit on your 2008 taxes, but you start paying it back on your 2010 taxes that are due in 2011, so you get at least two years without a payment. You pay back 6.67% of the credit each year, so for a $7,500 credit the payment is $502.50 per year. If you stay put for 15 years, you pay it off with no interest.

What happens if you sell the house? You pay the balance back at the closing. So, you get $7,500 now, and pay the rest of it back if you make money on the sale of your house. What happens if you do not make enough money when you sell your house? They forgive the rest of the debt.

Other restrictions stipulate that you have to buy your first house in three years before July 1, 2009, not have super high income, not use bond financing and buy anywhere in the US.

If you'd like to learn more about this program, please call me!

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have gone up in the last six months, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates go up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.

Please give me a call if I can be of any assistance in determining how much home you can afford in today's market.