Don't miss

Venture REI Takes Park Place Luxury Condominiums Into Close Out in 2-1/2 Years

The 258-unit community of Park Place Luxury Condominiums in Surprise, AZ, was purchased by Park Place Holdings of Surprise LLC, owned by Venture REI Real Estate and Investment, in October of 2015. Park Place was a failed townhome project built in late 2008 that had suffered as many residential real estate projects did due to the economic collapse in the market. In 2015, the project was riddled with vacant and unfinished units which were being held by the original developer. In total, there were 103 units left to be sold. Two-and-a-half years later, only 17 condo units remain at Park Place.

Dan Noma, Jr. is the designated broker of Venture REI, Real Estate and Investment. He is recognized as one of the state’s leading real estate brokers and is ranked among the top five residential agents in Arizona by Phoenix Business Journal.

Noma had this to say, “We bought this project when it was a community of distressed townhomes from the original developer. We’ve since sold nearly 100 units in two-and-a-half years, and are extremely proud of the fact that we have been able to add 100 new homeowners to the Surprise area.”

With lots of TLC, attention to detail, years of real estate know-how, and targeted marketing, Venture REI helped breathe new life into the run-down community. The refurbished resort-style community is all about living the good, easy, laid-back Arizona lifestyle. Residents have been thrilled with the revamp and have said, “it is absolutely beautiful, comfortable, a great community, and managed very well.”

If you’ve been thinking about a customizable home without the hassle of a new build or total renovation, you should consider Park Place Luxury Condominiums. When you purchase a home in Park Place, you get world-class amenities and spacious layouts blended with great architectural style. You also have easy freeway access, and close proximity to high-end shopping, dining and attractions like the White Tank Mountain Regional Park, Surprise Stadium – home of the Texas Rangers and Kansas City Royals, and over 40 area golf courses.

The Tuscan-style homes bathed in a pleasant desert palette offer sophisticated amenities including deep soaking tubs, spacious walk-in closets, and covered patios or balconies, reserved covered parking, and ceilings that soar up to 10-foot heights. Park Place is a gated community with 24-hour security cameras in all common areas and at the front gate, plus evening roving security personnel.

The resort community caters to the active lifestyle of its residents with its multi-million-dollar, two-story clubhouse which boasts both fitness and business centers, theatre room, lounge, kitchen with bar, and banquet area for the enjoyment of all residents. Outdoors, the sparkling pool and jetted outdoor spa with night-time lighting, picnic area with gas and charcoal BBQ grills, bocce ball court, and a scenic walking path make the Park Place setting ideal.

There are just three available floor plans left, starting with the 1,036-square foot Autumn Sage model with one bedroom and one bath. The 1,293-square foot Mesquite model has two bedrooms, and two baths. And, the popular 1,309-square foot Acacia model has two bedrooms and two baths, plus a den for the perfect home office or workout room. Condo pricing ranges from $147,230 to $177,000.

Park Place is currently offering all new buyers a 2% Seller Concession to assist with HOA fees and closing costs, plus a free one-year Home Warranty. The home warranty covers all major systems and appliances.

Venture REI, Real Estate & Investment is a full-service real estate brokerage and advisory firm specializing in the purchase, sale, rental, and marketing of select residential new developments and premier resale properties. The company is headquartered at 3260 N. Hayden Road, Suite 201, Scottsdale, AZ 85251.