584 - 5,938 Sqft - 3111 Bel Air, Las Vegas, Nevada 89109
Overview of Regency Towers condos for sale in Las Vegas plus MLS for sale and rental listings
If you love vintage Las Vegas, and we do, you will love Regency Towers condos for sale. Even though most owners have fully renovated their apartments, vintage condominiums with mirrored walls and white cabinets can still be found in the first Las Vegas high-rise condo community built in 1974.
This Las Vegas high-rise project consists of a 28-story building with 218 condominiums ranging from 584 to 2208 square-foot studios, one and two-bedroom condos. Penthouse units range from 2408 to 5938 square feet and have three bedrooms. All condominiums have wrap-around balconies with fabulous golf course, Strip, mountain, city, and lake views depending on the unit.
2021 was an excellent year for Las Vegas high-rise buildings, and this project was one of the biggest beneficiaries. Forty units were sold in 2021, while solid sales are ongoing in 2022, along with significantly higher condo pricing.
For example, unit 11E sold for $385,000 in July 2021 and traded for $435,000 five months later. Or unit 22C sold for $317,000 in March and again for $362,000 in December 2021 with ongoing price gains.
Most condominiums are selling for minimal discounts. Regency Towers apartments for sale listings are not priced the same. Some are priced correctly, and some are initially priced too high, which is more prevalent in higher-priced condominiums.
Most listings are selling at or near the asking list price. But penthouse units have traded for $120K to $200K less than the asking list price.
Searching Regency Towers condos for sale listings
You can find all Regency Towers condos for sale listings below this article and click on the for sale tab.
HOA fees for Regency Towers condos for sale
HOA fees at Regency Towers are $359 for studios, $846 for one-bedrooms, and $933 to $1176 for 2-3 bedroom units. The HOA fees for penthouse units are $1200-$2,353 and are subject to change. HOA fees include water, sewer, trash and maintenance of common areas.
Regency Towers condos for rent
There aren’t many Regency Towers condos for rent listed in Las Vegas MLS. About 17 condominiums are leased here per year, which is good. It shows that most residents are owner-occupiers there. The minimum rental period here is one year, but some property managers lease their units for less than a year and apparently get away with it.
Condos can be rented furnished or unfurnished, so some owners rent their apartments furnished. Yet furnishing units don’t add much to the rent as short-term rentals, because most renters who lease for a year have their furniture. Additionally, most rentals have been leased at the asking list price.
Please click on the for rent tab below this article to see all Regency Towers condos for rent listings.
Regency Towers amenities include community golf, concierge, valet, doorman, exercise room, Pet Park, recreation room, pool, spa, storage, two tennis courts, sauna, BBQ grill, assigned parking, and guest hotel suites.
Regency Towers reviews are mostly good, and it gets 4.1 stars on Google. The most recent reviews are good, except for a couple of complaints about traffic at the entrance gates and HOA. Unfortunately, there weren’t any recent reviews on Yelp.