About Panorama Towers condos for sale or rent in Las Vegas
Panorama Towers condos for sale range from 733 square foot to over 4000 square foot and have 1-3 bedrooms.
These Las Vegas high-rise condos for sale have 10 foot ceilings and were built out with luxury in mind with granite slab countertops and high-end upgrades. The driveway entry is guard gated. These towers were built in 2006 and consist of two 34 story towers with a total of 627 units.
Median price appreciation rate for Panorama condos for sale since recovery of 2011
During the real estate crash, one out of 3-4 condominiums were listed for sale as foreclosures and short sales. By 2011 the median price of Panorama towers condos for sale dropped to $172 per square foot. However, condominium prices have been appreciating ever since and the median price of condominiums in 2015 reached $280 per square foot. But in 2016 it dropped to $269 for 56.4% median price appreciation since 2011. This is the third-best appreciating high-rise condos for sale in Las Vegas.
58 condominiums sold in Panorama Towers last year. Three smaller one-bedroom condominiums in lower floors sold for less than $200,000. The most expensive luxury condo was a 14,176 square-foot penthouse condo in grey shell condition that sold for $5.75M. They had to combine 3 penthouse units to make such a large unit.
Few condominiums sell for the full asking price. In lower price ranges offers are usually $10K-$20K below asking list and grow to tens of thousands of dollars for more expensive units. It all depends on whether or not the unit was priced correctly.
Panorama condos for sale:
There are 37 Panorama condos for sale listings in Las Vegas MLS. The cheapest condo for sale is a small one-bedroom unit with asking list price of $190K. The most expensive unit for sale is a 4820 square foot penthouse unit on the 38th floor.
Residents enjoy an array of amenities, including Free limo to the Strip and airport within three miles, 5000 square foot fitness center, business center, and concierge. As well as Valet, assigned parking, pool and spa, handball/racquetball courts, recreation room, security in each building, wine cellar and his/hers spa facilities with massage, sauna, and steam rooms.
Condo fees or HOA fees:
The above amenities come at a price. HOA or condo fees are 64 cents per square foot per month with the exception of the 14,176 square foot penthouse which got a deal at $6,509 per month (46 cents per square foot). HOA or condo fees are subject to change.
Panorama Towers are located on Dean Martin Dr and Harmon on the west side of I-15 across from City Center. You can walk across the Harmon Bridge to the Strip from the property. Minutes to anywhere on the Strip or the airport this luxury high-rise residential condominium development is well situated.
Panorama condos for rent:
A great deal of rental activity takes place here. 97 units were rented, the vast majority for one year or longer. Many renters are entertainers on the Las Vegas Strip. With the exception of one unit, the cheapest Panorama condos for rent, leased for $1450. The most expensive unit rented was a 3225 square foot, 2 bedroom unit on the 27th floor that rented for $4990 per month. Most condos rent in about a month or longer.