Platinum Resort Condos Las Vegas

High-Rise – Real Estate

platinum

Platinum Resort Condominiums for Sale
Focused search reflecting only those homes currently listed for sale in this community. Note that I have been able to remove homes in “contingent” status from the search results. The results you receive by clicking on the link above should produce only currently available properties. This information is updated every 24 hours.

Below is a showcase of some of the currently listed properties in Platinum Resort Condos, Las Vegas. This information is updated every 24 hours.

Resale list prices range from $159 per sq. ft. to $254 per sq. ft. and average $203 per sq. ft. at the time of this writing, January 12, 2018. Currently listed properties range from $150,000,000 to $239,000. HOA fees average around .75 per sq. ft. 8 units sold over the last 6 months at prices ranging from $130,000 to $160,000 for units ranging from 745 to 941 sq. ft.

The above photo shows the proximity to the Strip of this hotel/condo. There are 256 units in all with sizes ranging from 739 to 2,194 sq. ft. The majority of these units are one bedroom with a few two bedroom units, all of which are over 2,000 sq. ft. The first closings on these properties was September 2006. 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.

Platinum rental program

Platinum is a hotel/condo and as such the unit owners have the opportunity to participate in the rental program. When I last checked, only one unit at Platinum was not in this program. Below are the basics of the rental program per my conversations with Platinum and, of course, they are always subject to change. Unit owners are limited to a maximum of 60 days personal use per year. Revenues from the rentals are split 50/50 between Platinum management and the owner. If the owners share of the revenue exceeds that monthly association fee then a check is written to the owner for the difference. If the revenue is less than the association fee then a bill is sent to the owner for the difference. There is also a 4% fee, of the top of the revenues that is held to deal with any unit repairs necessary. Owners can book their use in advance or call and schedule use depending on availability. It was represented to me that Platinum runs at 60% occupancy or above, depending on season, conventions and such.

Units are completely furnished. Amenities include nine-foot ceilings, private sheltered terraces, terrace cafe table with seating for four, ceramic tile kitchen and baths, fireplace with granite surround, in-suite stacked washer/dryer (selected suites), wall-mounted 42″ plasma HDTV, Units are also wired for telephone, cable and high-speed internet access and have steel-insulated suite entry door with security-card entry system. Monthly association fees are the lowest of all the local condo-hotel options.

Resort amenities include enclosed secure parking, lobby lounge/bar and gift shop, fifth-floor board room and conference center with high-speed internet connection, state-of-the-art fitness center, spa/treatment center, indoor pool and whirlpool, outdoor pool and whirlpool, poolside bar & cafe. Additional amenities include, roof terrace and adjoining reception/lounge with Strip, mountain and sunset views.

Two block walk to Bellagio, Caesars Palace and Paris on the Las Vegas Strip Less than one block to the new Monorail with easy access to all major Strip attractions, McCarran International Airport, and Las Vegas Convention Center.

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

Millie Fine, Realtor, ABR, SRES

Elite Realty

Call: 702-363-5599

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

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