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Las Vegas High-Rise Condominiums

New and Resale

Las Vegas High-Rise Condominiums

High-Rise condos for sale -Las Vegas – Property Search

High-Rise condo short sales – Las Vegas – Property Search

High-Rise condo foreclosures – Las Vegas – Property Search

High-Rise advanced search – Establish your own high-rise search criteria
Note that the searches available from the above links will reflect primarily resale homes, however some homes under construction as well as homes built and not yet sold are also represented. Note that I have been able to remove homes in “contingent” status from the search results. The results you receive by clicking on the links above should produce only currently available properties. This information is updated every 24 hours. My own information below the showcase was last updated June 13, 2015.

Below is a showcase of some of the currently listed properties in high-rise condo developments. This information is updated every 24 hours.

Overview

There was a tremendous surge in actual and proposed high-rise projects in the Las Vegas area over the last few years. Excluding time shares and casino projects, there were at least 95 developments proposed. At one point, over 40,000 new units were projected.

This list of cancelled or suspended projects is now very long. All of the below projects represent developments closed-out or those with still active sales efforts. Some are entirely closed out. Others have closed units and are ongoing, either still building or closing out their remaining inventory.

Having said all this, there are opportunities out there for the prudent buyer, but you really need to be careful. Feel free to contact me with any questions you may have. The median price of high-rise closings has risen (see below), but is still my most estimates roughly 1/2 of any replacement cost. Most analysis I read indicates that a selling price of $600 a sq. ft. would be necessary to build a new high-rise from dirt. My contact information is at the bottom of the page. Feel free to email or call me with any questions.

As of June 29, 2016 there have been 364 closed high-rise sales per the local MLS over the last six month period. Of those 364 closings, 22 were distressed sales, either short sales or foreclosures. There are 637 high-rise properties currently listed.  There is now just under a 11 month inventory at the present rate of sale. The average cost per sq. ft. dropped dramatically from 2006 through 2010 but seems to have stabilized and then in fact increased over the last 1 1/2 years. The median price per sq. ft for all the high-rise closings over the last six months was $280. That is  down around $25 per sq. ft. from the same statistic I computed in June 2015. In October, 2012 the figure was $222, again for the previous 6 months.

Existing high-rise condo developments in Las Vegas

For more information on each of these below projects including links to information on currently listed resales in most of these communities, click on the highlighted links below.

This information last updated 6/29/2016

Allure Condos*This newer development is located just west of the Strip on Sahara. 427 units have been built on 41 floors. Homes sizes range from 671 to 4,400 sq. ft. Resale list prices average $247 per sq. ft.

Boca Raton This project is on the south Strip. There will be 756 units in all in four, seven story towers. Home sizes ranging from 593 to 2,413 sq. ft. Resale list prices average $194 per sq. ft. Recorded as Palm Beach Resort.

Juhl Lofts*This 341 unit development is located in the central/downtown area. Home sizes range from 584 to 1,728 sq. ft. A few units have recorded here to individual buyers, but most of the units, 309, were sold to a single entity in April, 2012. KRE group purchased the unsold units this last year and plan on releasing them for sale in blocks over the next 5 years

Marie AntoinetteLocated at the southeast corner of Koval and Flamingo, just east of the strip. The development comprises 140 units on 10 floors and was constructed in the mid 1970’s. Units range from 621 to 1556 sq. ft. This development is two blocks from the strip. Al Pacino owned a property here at one time. Resale list prices average $161 per sq. ft.

MetropolisThis newer high-rise is located on E. Desert Inn. All units are built in a loft style and face to the south, across from the Wynn/Le Rev golf course, with most having strip views. 71 units were built in all ranging from 877 to 5,467 sq. ft. This building has very much of an art deco look. Resale list prices average $480 per sq. ft.

MGM City Center*8 billion dollar mixed use development including 2 condominium and one condo-hotel option. Located just to the south of Bellagio, fronting the Strip and backing to the Interstate 15. Largest development of its kind possibly anywhere.

MGM Grand Residences Turnberry This is a condo/hotel It is currently the only existing condominium-hotel connected to a major resort on the Strip. There are two floor plans available in three buildings. Resale list prices average $376 per sq. ft.

Newport Lofts*Downtown area high-rise. 168 units on 24 floors. Homes sizes range from 911 to 3,052 sq. ft. Units start on the 8th floor with parking below. Resale list prices average $240 per sq. ft.

One Las Vegas*This is a very ambitious project located approximately 2 1/2 miles south of the airport just off of Las Vegas Blvd. Several thousand units were projected ranging in size from 831 to 2,857 sq. ft. KRE group purchased the unsold units this last year and plan on releasing them for sale in blocks over the next 5 years. Resale list prices average $250 per sq. ft.

One Queensridge Place*This development is located well off the Strip at Rampart and Alta. Units are between 2,000 sq. ft. and 16,000 sq. ft overlook the Badlands golf course. Resale list prices average $479 per sq. ft.

Palms Place*599 unit condo/hotel located in the same complex as the Palms Hotel on W. Flamingo. Units range from 615 to 6,230 sq. ft. Resale list prices average $512 per sq. ft.

Panorama Towers*Three tower development just west of the I15 and the Strip. 854 units completed. This includes the 3rd tower called The Martin. Homes range in size from 732 to 6,900 sq. ft. Resale list prices average $363 per sq. ft.

Park TowersThis project is located in the Hughes Center north and west of Flamingo and Paradise. 84 units were built in all. These were completed in 2000 and 2001. Sizes range from 2,055 to 9,024 sq. ft. More units were anticipated, but some of the prospective buyer’s wanted larger homes with some taking over an entire floor. This was the first of the new breed of high-rise developments in the Las Vegas area. Resale list prices average $613 per sq. ft.

Platinum Resort CondoCondo/Hotel with 255 units located on Flamingo, two blocks east of the strip. Home sizes range from 739 to 2,194 sq. ft. Resale list prices average $147 per sq. ft.

Regency TowersThis project was built inside the grounds of the Las Vegas Country Club, north and west from Desert Inn and Paradise.. 218 units were built in all. The standard floor plans range from 584 to 2208 sq. ft. with 8 customized units ranging from 2408 to 5938 sq. ft. This complex was completed in 1974. Resale list prices average $174 per sq. ft.

Soho Lofts – This is a newer completed high-rise development of 122 units. They range in size from 1,277 sq. ft. to 5,206 sq. ft. All units are, with variations, done in the loft style with high ceilings and few separations between rooms. The location of this high-rise is on Las Vegas Blvd., roughly half way between the Stratosphere and Fremont St. This was the first local high-rise to be constructed north of Sahara. Resale list prices average $233 per sq. ft.

Sky Las Vegas*This 409 unit development is located across the street from once was the Sahara hotel location on Las Vegas Blvd. Home sizes range from 778 to 5000+ sq. ft. One of the newer high-rise developments on the Strip. Resale list prices average $323 per sq. ft.

The Ogden formerly Streamline Tower*21 story building with 277 units ranging in size from 854 to 2,044 sq. ft. It is located one block north of the Fremont Street Experience, downtown. As of August 12, 2009, 26 units have closed escrow. KRE group purchased the unsold units this last year and is now actively marketing this development. Homes average list price is $295 per sq. ft.

Trump Tower*New condo/hotel with 64 floors and 1,282 units. They range in size from 550 to 3,000 sq. ft. This development is located just north of the Fashion Show Mall and one block to the west of the Strip. Resale list prices average $535 per sq. ft.

Turnberry Place All four towers of Turnberry Place have been completed and there is substantial resale activity. Units range from 1,179 to over 9,000 sq. ft. Resale list prices average $369 per sq. ft.

Turnberry Towers*- Two towers built with homes ranging from 814 to 1,937 sq. ft. Both new and resales are available here. Resale list prices average $354 per sq. ft.

Wimbledon Tennis ClubThis project consists of 114 units on 10 floors. It was built in the mid 1970’s and is located on the east side, near Flamingo and Swenson, about a mile and one-half from the strip. It is in an area of older apartment and condominium developments. It is guard gated as are all the above developments. Home sizes range from 1,080 to 1,483 sq. ft. Resale list prices average $68 per sq. ft.

Millie Fine, Realtor, ABR, SRES

Elite Realty

Direct: 702-363-5599

Toll Free: 888-449-3463

8625 S. Eastern Ave. - Las Vegas, NV 89123 - Contact Me

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