Palms Place condos for sale or rent in Las Vegas

Palms Place

615 - 6,230 Sqft - 4381 Flamingo Road, Las Vegas, Nevada 89103

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Complex Description

Overview of Palms Place Las Vegas condos for sale and MLS for sale and rental listings

Palms Place condos for sale come in two flavors; regular condo hotels range from 615 to 1800 square feet, and penthouse units range from 1270 to 3120 square feet. Condo hotels come fully furnished with stainless steel appliances, a full kitchen, a king-sized bed, and queen-sized pull-out sofas. They all have a minimum of 2 flat-screen TVs and hardwood and marble flooring. In addition, some penthouse condominiums have game and media rooms.

This Las Vegas high-rise project is a 59-story condo-hotel tower built in 2006 with 599 units and is mainly favored by younger crowds.

An average of 53 units sold from 2018 to 2020, and condo sales increased to 66 in 2021. Strong sales are ongoing, and Palms Place is on pace to sell 80 condos in 2022, increasing condo pricing. However, Covid-19 negatively affected Las Vegas high-rise condo-hotels more than any other sector, and condo pricing nosedived. So even with growing sales and prices, Palms Place condos are currently selling close to their selling price in 2019.

For example, six condos were sold in 2019 and traded again in 2021 and 2022; of these three units sold for $4000 to $17,000 less than the original purchase price, the other three sold for more. Yet we see some crazy asking list prices. For example, one Palms Place condo bought in 2019 for $227,000 is listed for $389,000, and another three units purchased in October and November 2021 are listed for sale for $65,000 to $77,000 more than the original selling price.

Searching Palms Place condos for sale listings and why we don’t recommend buying here

You can find all Palms Place condos for sale listings below this article, and please click on the for sale tab. However, we don’t recommend buying at Palms Place due to the troubled Palms Casino, which is closed at this time but is scheduled to re-open soon. Bad reviews for lack of maintenance and hallways smelling like marijuana smoke, and lack of price appreciation. Condo hotels are the least appreciating of any Las Vegas residential properties.

HOA fees for Palms Place Condos for sale

HOA fees at Palms Place run $574 for 615-636 Square foot studios, $1099 for 1220 square-foot one-bedrooms, and $1628 for 1835 square foot two-bedroom units. HOA fees are subject to change.

Palms Place condos for rent

Since overnight rental is allowed, most Palms Place condos for rent are rented through the Hotel’s Inner Circle program or online sites like VRBO or AIRBNB. When owners aren’t using their units, they can put their condominium in the Hotel’s Inner Circle rental pool. There are no blackout dates, but a $400 fee has to be paid to the Hotel. In addition, guests have to pay a $91 one-time cleaning when they leave. There is no daily cleaning. The owner charges the visitor, and the Hotel charges the owner.

The condo owner and the Hotel share the income from renting units. However, this Hotel will not divulge or guarantee future revenue generated for the owners due to federal regulations.

However, a few owners list their rental units in the Las Vegas MLS and rent their condos long-term. Studios lease for $2000 for a year, $2250 for four-six months, and $2600 for a month. One-bedroom condos rent for $4000-$4500 depending on the lease duration.

Please find all Palms Place condos for rent listings below this article and click the for rent tab.

Amenities

Palms Place amenities include concierge service, a 50,000 square foot 6th-floor pool with spa and cabanas, a fitness center, indoor spa, limo service, dining and spa discounts, valet, and room service.

Palms Place condos for sale or rent in Las Vegas was last modified: May 14th, 2022 by masouds
Basic Details
Property Type : High Rise
Listing Type : For Sale
Listing ID : 6136
Price : $290,000 - $888,000
Main View : STRPVW
Second View : MOUNTVW
Third View : CITYVW
Bathrooms : 1 - 5
Half Bathrooms : 0 - 1
Construnction Stage : Ready/Built
Square Footage : 615 - 6,230 Sqft
Built Year : 2006
Lot Area : 0 - 45,787 Sqft
Address Map
Street : Flamingo Road
Street Number : 4381
Longitude : W116° 48' 4.3''
Latitude : N36° 6' 51.7''
Neighborhood
Shopping Center 8 Minutes
Town Center 14 Minutes
Hospital 15 Minutes
Bus Station 5 Minutes
Airport 18 Minutes
Coffee Shop 3 Minutes
University 10 Minutes
Tourist Site 8 Minutes
High Rise For Sale
  • 2397541
  • 3
  • 1
  • 615 Sqft
  • 23
$325,000
High Rise For Sale
  • 2396626
  • 1
  • 1
  • 1,220 Sqft
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$575,000
High Rise For Sale
  • 2394374
  • 4
  • 1
  • 615 Sqft
  • 51
$399,000
High Rise For Sale
  • 2394372
  • 4
  • 1
  • 615 Sqft
  • 38
$365,000
High Rise For Sale
  • 2395666
  • 3
  • 1
  • 615 Sqft
  • 25
$289,900
High Rise For Sale
  • 2395375
  • 3
  • 1
  • 615 Sqft
  • 35
$399,888
20 Results returned.Per Page
For Rent
  • 2386546
  • 4
  • 1
  • 636 Sqft
  • 36
$2,395
For Rent
  • 2371221
  • 1
  • 1
  • 1,220 Sqft
  • 39
$4,500
For Rent
  • 2352787
  • 1
  • 1
  • 1,220 Sqft
  • 53
$4,500
    3 Results returned.Per Page
    High Rise For Sale
    • Listing ID : 6136
    • Bathrooms : 1 - 5
    • Square Footage : 615 - 6,230 Sqft
    $290,000 - $888,000
    Agent info
    Realty One Group
    10750 W. Charleston Blvd, Las Vegas, Nevada 89135
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    Palms Place condos for sale or rent in Las Vegas was last modified: May 14th, 2022 by masouds