The high-rise condo market recorded its second highest average sales price in history during the second quarter and is off to a strong start in the third quarter with an $8.8 million sale at the Waldorf Astoria, the estate of Elaine Wynn selling her unit in Park Towers for $8.25 million and a condo in the Summit Club selling for $7 million. All three sales were in August.
The Waldorf penthouse on the 41st floor measures 3,980 square feet with three bedrooms and four baths. It was closed Aug. 29 in an all-cash deal. Frank Napoli of Berkshire Hathaway Home Services represented both the buyer and seller.
In marketing the unit, Napoli said it’s a rare corner penthouse that provides views of the Strip and allows the owner to watch the Formula One race.
“Sophisticated en suite bedrooms provid