Las Vegas Condos with Resort Style Amenities
A quick scan of current Las Vegas property listings shows that it is definitely a buyer’s market for anyone looking to purchase a high rise luxury condominium in the “Entertainment Capital of the World”. Because of the recent recession, both high-rise and low-rise luxury Las Vegas condos can be found for as little as 50 percent of their pre-recession list price.
Las Vegas property listings indicate that both the “strip” and the newly revitalized downtown Las Vegas area offer high-rise luxury condo options. In addition, low-rise condos can be found in many of the surrounding country club communities as well as upper scale neighborhoods throughout Las Vegas.
Whether it is a high-rise condo on the strip or a low-rise condo in a country club community, almost all Las Vegas condos offer a plethora of amenities for residents. People typically purchase Las Vegas condos for one of three reasons—retirement, rental income, or vacation property. Which amenities are at the top of your “must-have” list will likely depend on your reason for purchasing a Las Vegas condo.
Some of the most common amenities found in high-rise condos include:
· 24 hour concierge service
· Valet parking
· On-site 24 hour gym/fitness center
· Business center
· On-site spa
· 24 hour security
· Tennis courts/putting greens
· On-site restaurant and room service
· Entertainment on the lower level
Because low-rise condos are typically found farther away from the strip, the amenities found in these types of condos are usually geared more toward family or retirement living. Some of the common features include:
· Gated community
· 24 hour security patrol
· Pool/hot tub
· Planned community activities
· On-site fitness center
· Business center
Another advantage that can be found in Las Vegas property listings is that many of the area's condominiums can easily be rented out. Many homebuyers turn to property management companies to not only find responsible tenants but to also manage the property as well. This can save you a considerable amount of time and money if you plan to rent out your condo while you are not using it.
The cost of owning Las Vegas condos depends, to a great extent, on the location and size of the condo. Because property values plummeted in recent years, a buyer can actually find a two bedroom, two bathroom, condo along the strip or in the newly revitalized downtown area for around $500,000; however, it will not be in a prime location and may be outdated. Recent Las Vegas property listings show that condos considered to be in a prime location along the strip will start at over $1 million. Buyers who are looking for a low-rise luxury condo in Las Vegas can find one for considerably less than its high-rise counterpart. Condos in some of the country club communities in Las Vegas start as low as $100,000.