Las Vegas High-Rise Condos Market

Las Vegas High-Rise Condos Market

Las Vegas high-rise condos provide a distinctive combination of luxury, convenience, and investment value. With Strip views, upscale amenities, and an active city lifestyle, these condos appeal to investors, retirees, and young professionals alike. If you’re seeking a primary residence, second home, or rental property, Las Vegas high-rises offer unparalleled opportunity.

Top Locations for High-Rise Condos

1. The Las Vegas Strip

The Strip is the epicenter of luxury high-rise living, featuring iconic towers like Waldorf Astoria, Panorama, and Turnberry Place. These condos offer breathtaking views of the city skyline, mountains, and desert. Residents enjoy walking access to top restaurants, casinos, and entertainment venues.

2. Downtown Las Vegas

Downtown has transformed into a vibrant urban hub, attracting artists, entrepreneurs, and young professionals. Condos like The Martin and Juhl provide a mix of modern lofts and luxury units, with easy access to the Arts District, Fremont Street, and new tech offices.

3. Summerlin

For those who prefer a suburban feel with high-rise convenience, Summerlin offers upscale condos near Red Rock Canyon. Buildings like The Residences at Wynn & Encore combine luxury living with a quieter, resort-style atmosphere.

Las Vegas High-Rise Condos Market Report: February 2025

Current Inventory Details

  • 403 condos available (up from 382 in January, 307 in Feb 2024)
  • 48 sales closed in February (vs. 44 in Jan, 52 in Feb 2024)

Top Selling Buildings

  1. Signature at MGM:  8 sales (Condotel, STR-approved)
  2. Palms Place:  6 sales (Condotel, STR-approved)
  3. Trump Tower:  5 sales (Condotel, STR-approved)

All top performers allow short-term rentals.

Luxury Market Highlights

$1M+ Sales (February 2025)

Property

List Price

Sale Price

Days on Market

Waldorf Astoria #2809

$2.89M

$2.89M

27

ONE Queensridge T1 #902

$2.6M

$2.375M

135

ONE Queensridge T1 #903

$1.395M

$1.36M

16

Price Per Sq.Ft Leaders

  1. Vdara #24010 – $1,386/sf
  2. Waldorf Astoria #2809 – $1,361/sf
  3. Waldorf Astoria #3302 – $1,147/sf

Affordable Segment Activity

Lowest-Priced Sales (≤$275K)

  • Palms Place #12319: Listed 
  • 240K→Sold  
  • 240K→Sold  220K 
  • Allure #909: Listed 
  • 235K→Sold  
  • 235K→Sold  230K 
  • Palms Place #1904: Listed 
  • 299,990→Sold  
  • 299,990→Sold  275K 

Lowest Price Per Sq.Ft

  1. ONE Las Vegas #405 – $247/sf
  2. ONE Las Vegas #2004 – $285/sf
  3. The Ogden #1904 – $298/sf

January 2025 Comparison

  • Inventory: 382 condos (vs. 358 in Dec 2024)
  • Sales: 44 closings (down from 51 in Dec)
  • Top Performers:
    • Signature at MGM: 9 sales
    • Palms Place: 7 sales
    • Turnberry Towers: 6 sales (no STRs allowed)

Las Vegas Condos Market Key Points

Condotels dominate sales: STR-approved buildings (Palms Place, Signature) outsell residential-only towers 3:1

Luxury resilience: Waldorf Astoria and ONE Queensridge command premium prices even with longer market times

Affordable segment pressure: Sub-$300K units sell at 4-8% below list price

Inventory growing: 31% more condos available vs. Feb 2024

Las Vegas high-rise condos market offer luxury living, strong investment potential, and a dynamic urban lifestyle. If you’re buying a condo for personal use or as an income property, the market provides diverse options across price ranges.

Need help finding the right condo?

Call (702) 688-3508 for a free buyer’s guide and expert advice.

Get in touch today Las Vegas Realtors to find out what we can do to make your real estate goals a reality. Feel free to call: (702) 688-3508.

Helpful Links

Here are a few helpful links that may assist in your search for a Condos for Sale in Las Vegas:

 

Richard Slezak, Las Vegas Realtor®

Real Estate Agents Near Me

Agent License: S.0201790

Call: (702) 688-3508
MAIL: richardslezak@gmail.com
Address: 2298 W Horizon Ridge Pkwy #114, Henderson, NV 89052, USA

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