Mandarin Oriental penthouse draws high price

More than 200 people went through valet and a private residents-only entrance and up an elevator to visit three upper-floor penthouse suites in the 47-story The Residences at Mandarin Oriental. They attended the open house as guests of Junior Achievement of Southern Nevada; the College of Southern Nevada; Kamran Zand of Luxury Estates International; and designers Pedram Rahimi and Tina Hague.

One of the featured penthouses — No. 4307, aptly named for it 43rd-floor location — received multiple offers shortly after its unveiling during the event. A $2,167,000 offer for the 2,167-square-foot residence was accepted Feb. 19 and its sale is pending, said Zand, the residence’s listing agent.

Zand said the accepted $1,000-per-square-foot offer came from a Summerlin resident who plans to use No. 4307 as a primary residence eventually.

“Many people like this unit in particular because it has west-facing views. They like this west unit because they don’t have all the lights and noise of the units facing the Strip, so they can enjoy all that living in CityCenter and near the Strip have to offer and then escape to a beautiful, relaxing home,” Zand said before the offer was accepted.

Like other residents, its owner will have access to the amenities of a world-renowned luxury hotel that has the AAA Five Diamond Award and three Forbes Five Star Awards (one in every category). Its myriad onsite amenities include restaurants, a spa, swimming pool, salon, concierge and valet.

Many open-house attendees may not have realized that the three penthouses started as “gray shells” with nothing but cement floors, windows and bland walls.

“The owner that has listed the unit for sale purchased it ‘gray shell’ from the Mandarin Oriental. It was literally just a gray shell with nothing except the shell’s walls, concrete floors and the ceiling,” Zand said. “The owner comes in, designs it and builds it. The owner finishes the home by installing the walls, the cabinets, everything.”

The residence has two bedrooms and 2½ baths, a kitchen, dining room and living room. Its designer features include floor-to-ceiling windows with wireless motion blackout and sheer shades, a 36-color indirect lighting system, home automation system, white-porcelain flooring, stainless-steel baseboards, Brazilian Copa Cabana granite on a steel-framed kitchen island, glass pocket partitions, a hidden wall-mounted bed and spalike bathrooms.

Homes for Sale

A few residences are available for sale in the 47-story at The Residences at Mandarin Oriental. Some are still available through the developer’s sales office, some are listed on the Multiple Listing Service and some may be available through private transactions.

The Residences at Mandarin Oriental’s sales office reported that less than a dozen developer-owned homes remained for sale last week. They are finished and range from 1,500 to 3,000 square feet. Prices start from $1.2 million. They may be viewed by appointment by calling the sales office at 702-590-5999.

Zand said 20 residences were listed for sale last week. These ranged from 1,090 to 5,628 square feet with asking prices from $715,000 to $7.5 million. Six additional units had pending offers with per-square-foot prices ranging from $645 to $1,000.

For more information about The Residences at Mandarin Oriental, visit www.mandarinorientalresidenceslasvegas.com.