About Turnberry Place condos for sale or rent in Las Vegas
Turnberry Place condos for sale are from 1171-2885 square foot 1-3 bedroom units and penthouse units are from 4007-9000 square feet and have 3-5 bedrooms.
This project was built in 2001-2005. There are four 40 story towers in a guard gated community. These luxury high-rise condominiums feature wrap around glass balconies, Italian marble Jacuzzi, granite countertops and Sub-Zero or Gaggenau appliances.
Two factors adversely influenced condo pricing here. One of the big draws was the luxury Stirling Club which was the centerpiece of this project which closed in May 2012. Additionally, the failed Fontainebleau parking lot blocks the views of some units in lower floor units in towers one and three. Who wants to buy a high-rise condo with a huge white wall for the view?
Median price appreciation for Turnberry Place condos for sale since recovery of 2011
The real estate crash badly hurt the young Las Vegas high-rise condo market and this project was no exception. The median price of Turnberry Place condos for sale had dropped to $162 per square foot. It rose to $210 by 2013 and reached $254 per square foot by 2015 but fell to $236 per square foot in 2016.
The median price of Turnberry Place condos have appreciated by 45.7% since 2011.
This high rise project had 30 condominiums sales in 2016. 2 bedroom condominiums sold for $318,000-$577,000 and 3 bedroom units sold for $650,000-$875,000 and penthouse condominiums sold for $1.45M-$1.525M.
While some condominiums sold within $10,000 or asking price, many sold for tens of thousands of dollars less than asking. This is due to listing agent’s ignorance of how to put a value on their listings which really hurts the seller.
Turnberry Place condos for sale:
There are 68 Turnberry Place condos for sale listed in the Las Vegas MLS. The cheapest unit is a one bedroom unit priced just below $300,000. The most expensive condo for sale is an ultra-luxury penthouse condominium with a private pool on the terrace with asking list price of $6.9M. This penthouse unit has been on and off the market since 2009 when asking list price was $16M.
This project is guard gated and offers concierge service, doorman, pools, tennis, limo service, fitness center and underground parking.
Condo fees or HOA fees:
Minimum rental period is one year. HOA or condominium fees are 54-67 cents per square foot per month and are subject to change.
This project is located just one block east of the Strip on Paradise Road. It is conveniently located to restaurants and entertainment both on and off the Strip.
Turnberry Place condos for rent:
There is a great deal of rental activity here. The cheapest Turnberry Place condo for rent was a one bedroom unit that rented for $1750 per month. The most expensive unit was a 2195 square foot two bedroom condominium that was rented for $4200 per month.