Palms Place
Las Vegas High-Rise - Real Estate

Palms Place Home Search
Focused search reflecting only those units currently listed for sale in this development.

Resale list prices range from $284 per sq. ft. to $1,434 per sq. ft. and average $709 per sq. ft. at the time of this writing, March 31, 2010. The currently listed units range in price from $174,900 to $4,000,000. HOA fees run around .90 per sq. ft. There ;have been three resale closings over the last three months ranging from $208,697 to $270,825. All were the smaller 615 sq. ft. unit.

This 40 story, 599 unit hotel/condo complex offers 615 sq. ft. studios and 1,220 sq. ft. one-bedroom suites. Penthouse suites are located on the top four floors range in size from 2,038 sq. ft. to 6,230 sq. ft. It is located, along with the other two Palms Towers on W. Flamingo, approximately 2 1/2 miles from the Strip. Palms Place is connected to the Palms Hotel and Casino by an enclosed, elevated, moving walkway, allowing residents 24-hour access to amenities at the Palms. At the time of this writing, 403 units have closed escrow. Financing is very difficult  now on these hotel condos. It is my understanding that the developer is now doing some self-financing. 

Amenities include private gated entrance, covered valet parking, business center, Simon restaurant, private pool and cabanas, 24-hour doorman service, 24 hour gate security, 24 hour room service, 24 hr concierge service, two story conservatory and the Rojo Lounge. Palms Place residents also have access to all Palms Hotel amenities.


Units are fully furnished. Amenities include  9' ceilings, hardwood and marble flooring and a minimum of two 2, 42" plasma televisions. Many units have outside terraces.

It is a hotel/condo and as such can participate in the on-site rental program. This can be an attractive option for those individuals that spend considerable time in Las Vegas but do not want the expense or hassle of  conventional condo ownership. This rental program at Palms Place is at your option. You can participate in it or not. If you do participate in the rental program there are no "black out" dates. This means that there will be no dates or time periods that you cannot use your unit.

As an aside, after dark when the lights are on this building looks great. The diagonal lighting is a real eye catcher. Much more impressive to me than either of the hotel towers and a great addition to the Las Vegas skyline.

Other condo hotel options include Platinum, MGM Grand Residences Turnberry, Trump Tower, Vdara at City Center and possibly The Cosmopolitan.

This is a caveat I would apply to all those local high-rise communities still selling new. There may be some jeopardy here.  See my concerns on my  high-rise directory page
 

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

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