A Snapshot of the Las Vegas High-rise Condo Market

by : Melanie Speed

Las Vegas is home to some of the nation's most extravagant high-rises and condo towers, and new ones are being added constantly. At any given time there may be more than 50 high rise developments underway here, offering every type of floor plan and comfort amenity. Luxury buyers and investors come from all over the world to see the wide variety of high-end developments and towers in this exciting desert city. People planning to move to Las Vegas should get to know the high-rise market, as it plays a large role in the city's real estate identity.

New Las Vegas condo high-rises mix classic urban architecture with emerging design styles. These developments show where the city is going architecturally, and how high-rises in other large entertainment centers might look in future years.

Many of Las Vegas' newest high-rise projects include hotels and seasonal residence options, for buyers and investors who want to earn a profit while living outside of Las Vegas part of the year. The Cosmopolitan Resort and Casino on the Las Vegas Strip is this type of development, filling out 64 stories and more than four million feet of luxury, and offering 2,200 vacation apartments. Residents here will also have access to a 70,000 square foot casino, a full fitness facility and spa, and more than 300,000 square feet of retail and restaurant space.

For buyers interested in high-end casino living the new Residences at MGM Grand are a must see. This development includes several modern towers surrounding the famous MGM casino, with thousands of condos in all sizes and price ranges, from $300K to $1.5 million. Buyers here will be treated to every first-class luxury, including the 171,000 square foot casino, outdoor pools, a spa and fitness center, concierge service, restaurants, shopping spots, and spectacular entertainment venues.

Turnberry Place and Vegas Grand are also multi-building developments in the Las Vegas Luxury tradition. These two both offer more than 700 residences surrounding recreation and fitness facilities. These developments are focused more on stylish, private residential experiences, with Vegas Grand offering a variety of Mediterranean-themed condos, and Turnberry Place offering VIP European style spa living, without a casino on site.