L
as Vegas is experiencing a resurgence in luxury real estate sales, with two high-rise projects surpassing $600 million in combined sales since the Great Recession. The Four Seasons Private Residences Las Vegas in MacDonald Highlands, Henderson, leads the way with $542 million in sales from 97 of its 171 units sold so far. This project is expected to be completed by late 2026, with residents moving in during the first quarter of 2027.

    The Cello Tower in downtown Las Vegas has also seen significant success, surpassing $100 million in sales with 240 units available. Craig Eddins, executive vice president for the Four Seasons project, attributes the strong sales to the "lock-and-leave concept" and the appeal of luxury living in Las Vegas.

    The Four Seasons development features residences ranging from 2,279 to 8,349 square feet, with semi-private elevators, private garages, and fully furnished interiors. Residents will also have access to three multi-level resort-style pools and customizable terraces equipped with outdoor kitchens and social gathering spaces.

    Eddins notes that Las Vegas is becoming increasingly attractive to outsiders, with major companies like Sony and Warner Brothers planning to build studios in the area. He attributes this growth to the city's desirable lifestyle, low cost of living, and safety features of gated communities.

    Strong sales are expected in the fourth quarter and first quarter of 2027, once vertical construction begins and the election is over. The project is expected to be sold out before buyers start moving into the towers in late 2026. Mortgage rates are also expected to continue to decline, making it easier for buyers to secure financing.

    Prices for residences at Four Seasons range from $3.67 million to $28.95 million, with junior penthouses starting at $11.7 million and full penthouses available for up to $22.95 million. The project is a development of Azure Resorts & Hotels and Luxus Development, with 24-hour concierge services and exclusive partnerships with Wolfgang Puck Fine Dining Group.

    The Cello Tower, part of the Origin at Symphony Park project, is also experiencing strong sales, with prices ranging from $750,000 to $7.5 million for its 240 units. Two penthouses recently sold for just under $9 million.