Las Vegas High-Rise Condominiums

New and Resale

High-Rise condos for sale - Property search
 Note that the searches available from the above link will reflect primarily resale homes, however some homes under construction as well as homes built and not yet sold are also represented.

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. Others still  have active sales efforts, however having as of yet closed no sales and still in the process of building. It will be interesting to see how the market is affected by the opening of City Center. I believe about 1/2 the condo units available there are under contract, but we will see how many actually close.

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. My contact information is at the bottom of the page.

This is a very difficult market at this point in time. Lenders are increasingly reluctant to finance these projects as well as finance individual purchases. As of June 9, 2009 there were 140 closed high-rise sales per the local MLS over the last, subsequent, 90 day period. There are 633 properties currently listed and that is down around 100 from the last I checked, three months ago.  Six months ago, the number of closings for the previous 90 days was under 50.  There is now around a six month inventory at the present rate of sale with most all the action being in distressed properties.  The average cost per sq. ft. has been dropping dramatically, especially over the last few months. The news is not good, in my opinion, for every single local high-rise development still selling new. My independent research as well as information from sources that I consider very reliable leads me to believe that they all could be in some degree of jeopardy.  Those developments still selling new are indicated below with an asterisk*. Feel free to contact me with any questions you may have. Its a jungle out there! My contact information is at the bottom of the page.

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 9/14/2009

Allure Condos* - This newer development is located just west of the Strip on Sahara. 404 units have been built on 41 floors. Homes sizes range from 671 to 4,400 sq. ft. Resale list prices average $290 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 $210 per sq. ft. Recorded as Palm Beach Resort.

The Cosmopolitan* - This 3,000 room casino/hotel is being constructed next to the new City Center project on the Strip. Its fate is uncertain at this point. Click on link for more information.

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 now recorded here

Marie Antoinette - Located 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 $228 per sq. ft.

Metropolis - This 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 $207 per sq. ft.

MGM City Center* - 8 billion dollar mixed use development including 3 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. This project has recently sold out, but many resale units are available. Resale list prices average $531 per sq. ft.

Newport Lofts* - Downtown high-rise newly completed. 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 $145 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 are projected ranging in size from 831 to 2,857 sq. ft.

One Queensridge Place* - This development is located well off the Strip at Rampart and Alta. Units between 2,000 sq. ft. and 16,000 sq. ft overlook the Badlands golf course. Resale list prices average $651 per sq. ft.

Palazzo Condos*- Not much yet is know with respect to this  Las Vegas Sands development presently under construction. Its location is just to the south of the Palazzo Casino, on the Strip. This project is now on hold. Will update when more information is available.

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 $871 per sq. ft.

Panorama Towers* - Three tower development just west of the I15 and the Strip. 624 units completed in Tower One and Tower Two. Tower Three will be finished in 2009. Homes range in size from 732 to 6,900 sq. ft. Resale list prices average $346 per sq. ft.

Park Towers - This 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 $867 per sq. ft.

Platinum Resort Condo - Condo/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 $159 per sq. ft.

Regency Towers -  This 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 $264 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 $268 per sq. ft.

Sky Las Vegas* - This 409 unit development is located across the street from the Sahara hotel 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 $388 per sq. ft.

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 September 14, 2009, 27 units have closed escrow with only one property showing as closed this year and that looks to be a resale. Looks like another entity has taken this project over.

Sullivan Square - No longer an active project. It never progressed past excavation.

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 $1,008 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 $468 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 $474 per sq. ft.

Wimbledon Tennis Club - This 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 $80 per sq. ft.

Millie Fine
CENTURY 21 Aadvantage Gold
Toll Free 1-888-449-3463
Home office 1-702-363-5599
E-Mail Millie!
millie@milliefine.com 

[Real Estate Market Overview] [Geographical Areas] [Selling Your Home]
[Community Tours][New Homes] [Resale Homes][Relocation]
[Buyer Services][Luxury Homes][Condominiums][Community Links]
[Planned Communities][Retirement Communities][Agent Information]
[Surrounding Areas]