2,055 - 10,398 Sqft - 1 Hughes Center Drive, Las Vegas, Nevada 89169
Overview of Park Towers Las Vegas condos for sale and MLS for sale and rental listings
Park Towers condos for sale listings in Las Vegas are few, and only 59 resale units have sold since it was built. This project is a European-designed ultra-luxury high rise project constructed in 2000 by Steve Wynn and Irwin Molasky.
This Las Vegas high-rise project consists of two 20-story towers with only 84 condominiums ranging from 2,055-10,398 square feet with 2-4 bedrooms. Builders brought in antiquities from France to give that old-world European feel to the property. Luxury condominiums are richly appointed with high-end upgrades and large terraces with fabulous strip and city views.
Condo sales fluctuate between 1-7 units per year, and seven condominiums sold in 2021. Since units were initially sold in gray shell condition and individual owners finished them, upgrades and condo pricing vary significantly. Thus, it isn’t easy to discern how much all condos in the building have appreciated, so each unit’s price gains have been calculated individually. However, Las Vegas’s high-rise prices have greatly appreciated since 2021, and this project is no exception.
Asking list prices for the Park Towers apartments for sale is up appreciably. However, condos don’t sell for the asking list price, and buyers have gotten a $50,000 to $1.4 million discount on some listings. But to get it, you need a high-rise specialist who can accurately use COMPS to calculate the correct sales price, and that is us.
Searching Park Towers condos for sale listings
You can find all Park Towers condos for sale listings below this article and click on the for sale tab.
HOA fees for Park Towers condos for sale
You didn’t think that all amenities come cheap, did you? HOA fees at Park Towers are based on square footage and floor model. HOA fees run $2470-$3755 per month for the regular condominiums and $4271-$5419 per month for the penthouse units and are subject to change. HOA fees cover water, sewer and trash, plus common areas maintenance.
Park Towers Condos for rent in Las Vegas:
Park Towers condos for rent listings are hard to come by. Since it was built, only twelve apartments have been leased, and three units since 2017. Unit 901 was rented in 2017 for $6500 and leased again in 2022 for $9800. The other was unit 601, which was leased for $5200 in 2020. The minimum rental period here is one year, so short-term rentals are prohibited. While it is a great idea to bargain while making an offer on the for-sale units, Park towers condos rent for the asking list price.
Please find all Park Towers condo for rent listings below this article and click on the for rent tab.
Park Towers amenities include guard gated, concierge, valet, BBQ area, business center, pool, and spa with cabanas. As well as a fabulous 7500 square foot fitness center, Hollywood theater media room, tennis, doorman, and each unit gets a 30 bottle private wine locker in the wine cellar. Spa facilities include massage rooms, steam rooms, and a sauna. In addition, there is a grand salon with catering facilities for up to 100 guests and private gardens.