Buyers Guide to Condo Hotels in Las Vegas
Posted by Las Vegas Homes By Leslie on Wednesday, February 22nd, 2023 at 1:46pm.
Las Vegas condo hotels feature the same luxurious accommodations and upscale amenities of five star hotels, but offer the investment potential of an actual condominium. For those looking to purchase a low maintenance vacation home, there are a number of luxurious, and usually furnished, condominium hotels to choose from in Las Vegas.
In most cases the building has a rental pool that owners may choose to be a part of. The property manager would look after everything from acquiring renters, cleaning, processing fees and dealing with damage issues. All of this for a percentage of the rental income. It's a great way to ensure a place to stay in Las Vegas whenever you need it, but have your HOA fees paid for you.
2022 was a huge year for sales of condo hotels in Las Vegas. Here is an overview of the sales stats for the main condos featured in this article includes:
- $344,267,914 in total sales from January 1 to December 31, 2022
- Average List Price: $698,360
- Average Sold Price $667,186
- Sale/List: 96.9%
- Sizes: Sizes ranged from 408 to 8,205 square feet with an average of 1,181 square feet
2022 Lowest Sales Price Listing for a Condo Hotel
The Lowest Sales Price Listing for a condo hotel in 2022 was $140,000 in Platinum Resort Condo. This was a fully furnished 1 bedroom/1 bath unit on the 9th floor with Strip views. The result of a short sale, this Las Vegas Strip condo was a real find. The residence had a full size kitchen with stainless steel appliances, large soaker tub and separate shower. This was a turnkey purchase for the buyer, the condo is part of the rental pool offered by the resort. View current condos for sale in Platinum Resort
2022 Highest Sales Price Listing for a Condo Hotel
The Highest Sales Price Listing for a condo hotel in 2022 was $6.500,000 for an incredible luxury penthouse in the exclusive Turnberry Place condo hotel. This awe-inspiring residence is what you dream of when imagining a luxury penthouse on the Las Vegas Strip. Totaling over 10,000 square feet, with 3 bedrooms (the primary measures 50' x 30'), 7 baths, magnificent living room, theater, wine cellar and five terraces. The views of the Las Vegas Valley are breathtaking and available from most rooms. This condo sold "as is", the pool, master bathroom and master closet still required finishing.
Turnberry Place is an exclusive Las Vegas condominium with a huge list of amenities and features. Most unique is The Stirling Club, a private membership club with full spa, barbershop, salon, gym, yoga and pilates classes, tennis and pickle ball courts, indoor and outdoor pools, gourmet restaruant, bars, cigar lounge, wine cellar and more. View current condo listings in Turnberry Place
Top Selling Las Vegas Condo Hotels in 2022
This is a guide to the top condo hotels in Las Vegas in 2022, including Average Square Footage of sold units, Number of Bedrooms and Average Cost. For anyone shopping for a condo hotel in Las Vegas, this is a great little buyer's guide.
Condo Hotel |
Average Selling Price |
SQ FT |
# Bedrooms |
Waldorf Astoria | $2,548,043 | 1,084-2,998 | 1-3 |
One Queensridge Place | $1,887,900 | 1,929-5,114 | 2-4 |
Turnberry Place | $1,077,436 | 1,179-8,205 | 1-5 |
Veer | $657,032 | 542-2,631 | 0-3 |
Turnberry Towers | $629,822 | 814-1,657 | 1-3 |
VDARA | $619,231 | 546-1,085 | 0-1 |
Sky Las Vegas | $500,643 | 778-1,991 | 1-3 |
Signature at MGM Grand | $385,417 | 520-1394 | 0-2 |
Trump International | $360,794 | 533-3,340 | 0-3 |
Palms Place | $350,634 | 615-1,220 | 0-1 |
Luna Di Lusso | $263,357 | 454-1,240 | 0-2 |
Viera | $253,050 | 408-1,050 | 0-3 |
Platinum Resort | $192,098 | 745-2,180 | 1 |
Video of Top Selling Las Vegas Condo Hotels
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By Leslie Hoke, Las Vegas Realtor®
Las Vegas Homes By Leslie
6153 S. Rainbow Blvd., Las Vegas, NV 89118
Direct: (702) 321-1763 Fax: (702) 224-2146
www.LasVegasHomesByLeslie.com
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