High Rise Condo vs Loft in Las Vegas is all about lifestyle, practicality, and lifestyle. With Las Vegas being the Entertainment Capital of the World, owning a High Rise Condo on the Las Vegas Strip is fabulous and convenient. Also fabulous is owning a contemporary style loft in Downtown Las Vegas.
Both offer privacy, security, and one of the best views that money can buy. High Rise Condos and Lofts are popular for businesses, business people, families, and people that want to live in the heart of all that energy. They’re a status symbol and an investment that can be FUN!
Do you want to live in a High Rise Condo or a Loft in Las Vegas? They are two completely different Las Vegas lifestyles in multiple areas of town. Let’s take a look at them and hopefully you’ll know which one fits your lifestyle better.
Amenities within both High Rise Condos and Mid-Rise Lofts may include elegant indoor and outdoor pools with his and hers spas, locker rooms, massage rooms, and fitness centers. You’ll find coffee bars to socialize with other residents, media, meeting and conference rooms, and business centers. Concierge services include laundry services, cleaning, package delivery, and parking valets.
Many have restaurants and room service. Billards, wine lockers, media rooms, numerous gardens and lounges, and patios with BBQ areas are popular too. What they all have in common is Security. Facilitating the “Lock and Leave” safe lifestyle, secured access and parking, are features in all of the buildings. Roving security is also provided at most.
Building High Rises On The Las Vegas Strip
Las Vegas has 20 High-Rise Condos to choose from- mainly located near the Las Vegas Strip. There are numerous mid-rise multi-family condominiums mainly located in Downtown Las Vegas. High-rise condos tend to be traditional, all one-story homes. Lofts will have a contemporary feel and have at least 2 levels for their living space.
During the financial recession, most of the mid-rise and high rise condominiums in Las Vegas were slated or under construction. Completed buildings had many foreclosures hurting operating budgets. Ultimately, condominium sales were canceled, residences sat vacant after foreclosures, construction stopped, and entire towers were scrapped. Lawsuits started pouring in.
As a result, the turmoil of the era meant that building owners and builders struggled to stay afloat as money dried up and financial institutions closed. Ultimately, a new solution was necessary, and the Condo-Tel or “Condominium-Hotel” arrived in Las Vegas. There are 6 developments in Las Vegas whose CCR’s allow short-term, one night or more, rentals.
Where are High Rises Condos and Lofts Located?
Las Vegas Strip Condos
There are 15 high rise condos are either on The Strip or on a busy street just off the strip. Often grouped together, Turnberry Towers and Turnberry Place are across the street from the Las Vegas Country Club. Within the Las Vegas Country Club, you’ll find The Regency of Las Vegas. This older twin tower condominium development with golf has a rich 50-year history of Who’s Who Celebrities as prior owners, The Regency is still very desirable.
City Center is an MGM Property that holds 3 high rise developments anchored by the popular Aria Hotel and Casino. Located within City Center, you’ll also find nightclubs, gourmet dining, and Miracles, an upscale mall. Waldorf Astoria (formerly the Mandarin Oriental), Vdara, Veer, and Aria are all LEEDS Award-Winning Buildings for their energy efficiency.
Turnberry Towers and Place are 4 towers on the east side of the strip near the Wynn. leaving 8 stand-alone and twin towers mixed in with hotel and casino resorts. This gives you the opportunity to live anywhere along the strip that you want.
Signature at MGM Grand is a Condo-Hotel community located beside the MGM Grand’s pool area. A short walk takes you to everything inside MGM plus Signature’s amenities are top-of-the-line. As a Condo-tel, Signature at MGM Grand is often the easiest for investors to rent.
Off-Strip High Rise Condominiums
The most expensive high-rise towers are the Park Towers. Located in the heart of the financial district, Park Towers are about 1 mile east of The Strip. Residents include many casino executives, celebrities, and performers. Ironically, the Financial District also is home to the least expensive high-rise condominium tower, Wimbleton. Wimbledon provides affordable condominiums housing many airport flight crews and UNLV students.
High Rises to the west of the strip include The Martin on Dean Martin Drive and The Palms. The Martin, having gone through numerous owners, now has the best amenities and services available in high rises. The Palms at The Palms Hotel is a Condo-Hotel Tower. Featuring contemporary decor, rentals are usually sold out for their numerous concert events at the Pearl. Both are within 2 miles of the Strip.
There’s another extremely sought-after high rise twin tower property. One Queensridge is just 8 miles west of the Strip located in the master-planned community of Summerlin. Being a stand-alone giant in the midst of homes and businesses, the views are unobstructed. One side of the towers enjoy Las Vegas Valley and Strip Views and the other side has stunning Red Rock views and wide-open spaces. One Queensridge is also unique because of its proximity to quality schools.
Mid-Rise Lofts In Las Vegas- Downtown
Another lifestyle is Contemporary Loft Living in a Mid-Rise building in Downtown Las Vegas. Also in demand, these 6 loft buildings offer views of sprawling city lights and both Downtown Las Vegas and The Strip. Whether in the Arts District of Las Vegas, on North Las Vegas Blvd. or in the heart of the Downtown Casino District, they are convenient. Designed with open ceilings and painted ductwork, the open-ness gives a modern feel.
Lofts in Downtown Las Vegas have storefronts on the ground floor providing additional services to the residents. The demographics of residents in these loft buildings are younger than in Strip high rise towers. I believe that that is due to stairs being in the lofts and the fun attractions located in Downtown. Employment, dining, and entertainment are within walking distance.
Downtown Las Vegas is home to the Fremont Street Experience. Besides the light show extravaganza shown nightly on the canopy at the Fremont Street Experience, there are street performers, and stages for bands. A zip line down the middle of Fremont Street and multiple outdoor bars open to numerous casinos have made Downtown a tourist attraction again. The demographics of this attraction are 20-40 year-olds so the loft living lifestyle fits well.
Lofts are scattered all over the city. The largest group of lofts is in the Downtown Las Vegas Area. Both Downtown Summerlin and Henderson also have lofts with many more slated for construction. This “Lock and Leave” lifestyle is extremely low-maintenance and convenient. I don’t know of any lofts where you can rent them out short-term, but things change.
Condo-Tels – Condominium Hotels
Businesses, families, and vacationers love high-rise condo rentals in Las Vegas. There’s a big demand for non-gaming luxury places to stay. Filling that demand, Condo-tels are very popular investment properties. In-house Tower Management will take care of everything for you, including assisting you with your high rise rental.
You can live in your residence full-time or have management rent your residence out for you when you are not in town. Most of these towers are affiliated with a hotel-casino property which provides residents and renters access to the magnificent amenities at their hotel and casino. It’s a win-win, you get a second home, a rental property write-off, and income. and the hotel attracts more people to their property without increasing their debt load.
You do not have to participate in the rental program when you own a unit in a Condo-Hotel. In most properties, the management will assist in the admittance and cleaning of your residence if you rent it out yourself. These towers usually have all of the maintenance included in their association fees.
Off-Strip Condos and Townhouses
There are hundreds of condominium and townhouse developments throughout the Las Vegas Valley. Many are traditional, some are mid-rises and some are on lakes. Downtown Summerlin and Henderson’s District both have mixed-use buildings containing storefronts, offices, and condominiums.
Which Lifestyle Do You Want?
A Las Vegas Lifestyle can be anything you want. If you want affordable homes, we have them. If you want a custom estate with a city view, we have it too, and everything in between. Most neighborhoods in the last 30 years are in Master Planned Communities offering something for everyone. You can choose to live in a gated neighborhood in every price range of home.
If you’re considering retirement, how about an active-adult retirement 55+ community? Consider buying a vacant lot, then designing and building a brand new home. Or build a new construction home in one of our 250 neighborhoods currently under construction. Do you want a ranch or horses? Maybe you want a place to store your toys and vehicles or a home to paint purple polka-dots on? The Las Vegas Valley has it all.
All Las Vegas Lifestyles Are Filled Sunshine!
If you are considering a Las Vegas move, check out our website at HomesForSale.Vegas to see hundreds of pages of information about the areas of town and housing choices within the Las Vegas Valley. After 25+ years as a Top-Producing Las Vegas Realtor, I know the city. Before real estate, I was a Nevada Building Engineer (P.E., C.E.). I use my building knowledge, real estate experience, and contract skills to protect you and your investment.
This Blog was written by Kurt Grosse with Realty One Group. Check out my website with hundreds of information pages with home searches, save your favorites, and sign up for an automated search that notifies you when new listings become available. When you’re ready, call text or email me and let’s get you moved.