Turnberry Towers condos for sale or rent in Las Vegas

About Turnberry Towers condos for sale or rent in Las Vegas

Turnberry Towers condos for sale are offered as new and resale. “New” units have been rented before and are offered as new condominiums after renovation by the investors who purchased this project. Resale units that were not improved by the project owners are usually more upgraded than “new” condominiums.

Built-in 2006-2007 Turnberry Towers are two 45 story towers setting on 10 lush acres with 1-3 bedroom condos ranging from 814-1937 square foot. Although the east building 322 is close to full occupancy, the west building 222 still has many new condos for sale.

Modern luxury abounds with 9 foot ceilings, European Snaidero cabinetry, Bosch and GE Monogram appliances, granite countertops and a 5 burner cook top with separate oven and microwave and Italian marble baths. Floor to ceiling windows with custom shades accentuate the views. Some units here get very hot in the summe, resulting in much higher cooling costs.

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Turnberry Condo Towers in Las Vegas
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Median price appreciation for Turnberry Towers condos for sale since recovery of 2011

This project like many others failed to sell enough units to save it and was sold to investors who rented units here. The median price of Turnberry Towers condos for sale had dropped to $162 per square foot in 2011. However it had reached $319 per square foot in 2015 before dropping to $311 per square foot in 2016. Las Vegas high-rise condo market was a buyer’s market in 2016.

Condo sales:

This high rise condo project had 26 sales in 2016. One bedroom condos for $190K-$281K, 2 bedroom condominiums sold for $372K-$667K.

While some units selling price was close to asking list price, many others sold for $20k-$40K less than asking price. Additionally, the sold listings do not show seller contribution that we know that exist. As always, the higher the floor the more cost per square foot.

Amenities:

These Las Vegas high-rise condo towers are guard gated and have a 24 hour doorman, valet, business center, 2 lighted tennis courts, fitness center, two heated resort style pool with waterfall and spa (one has a sandy beach), a pet park, BBQ and outdoor kitchen area and a social room with billiards.

Condo fees or HOA fees:

Minimum rental period is 6 months. HOA or condominium fees run $530-933 per month and are subject to change.

Location:

Turnberry Towers are located at 222 and 322 Karen Ave just off Paradise Road and an easy walk from the Strip. You have a little quieter view from your terrace than high-rise condos directly on the Strip. Condominiums have views of the Las Vegas Country Club golf community, the Strip or city and mountain views.

Turnberry Towers condos for rent:

As we wrote the current owners rent unsold units so there is a great deal of rental activity here. The cheapest Turnberry Tower condo for rent is a small one bedroom unit with asking price of $1600 per month. The most expensive unit is a 2 bedroom condominium on the 45th floor with asking price of $3995.