The Best Condo Towers in Las Vegas For an Airbnb Investment Property
Once you’ve made the decision to purchase a condominium in Las Vegas for use as an AirBnb investment property, the next step is deciding where you’d like to buy. Las Vegas is home to countless condo towers, which make excellent investments because of the security, amenities, and prime locations. Condo towers offer your guests so much of what is popular about staying in larger Las Vegas hotels, but provide access to kitchens, greater flexibility, and more living space.
Furthermore, when you choose to purchase a property in a condo tower, you don’t have to worry about maintaining the exterior of the property or any of the amenities, like pools or hot tubs. While you will typically be required to pay HOA fees, what you get in exchange for your monthly payment may be nothing short of invaluable when it comes to saving you time and money as the owner of a short-term rental property. As you go about your search, consider some of the best condo towers in Las Vegas for those who wish to invest in an AirBnb short-term rental property.
Palms Place Resort and Condos
Featuring floor to ceiling windows that will provide your guests with stunning views of the city and the mountains that surround it, Palms Place is an excellent location for your short-term rental investment property. Palms Place is home to resort-style amenities for your guests to enjoy, including round-the-clock security and valet, concierge services, a pool, jacuzzi, and a state-of-the-art fitness center. A walkway on the second floor connects Palms Place to Palms Casino, so guests can enjoy the nightlife of a casino without ever stepping foot outside. Guests and residents can take advantage of Palms Place shuttle service, which runs daily on the half hour between 11am and 8pm, starting at the main entrance of Palms, terminating at The Forum Shops at Caesars.
Monthly HOA dues vary based on the size and level of the unit, from $494 to $3,175 per month, and include all utilities, which is convenient from an investor perspective, reducing the bills that have to be paid each month. Home prices start in the high $200s for a studio, and go up to the low $990s for one and two-bedroom units. Condos range between approximately 600 square feet and roughly 1,800 square feet.
Trump International Hotel and Tower
Situated in the heart of the Las Vegas Strip, Trump International Hotel and Tower stands at an impressive 64 stories tall and is home to 1,282 residential units. Each condo delivers floor to ceiling views of the city and neighboring mountains. The building’s opulent amenities include white gloved doormen, 24-hour security, valet parking, and round-the-clock concierge. Residents and guests alike can enjoy the building's spa, fitness center, heated bool, and conference facility. Trump International Tower also boasts several dining options, from top-tier restaurants to more casual eats. Countless opportunities for excellent shopping, entertainment, and dining are all within walking distance from the building’s main entrance.
Prices for condos at Trump International Tower begin in the low $200s for studio units and go up into the mid $2M for penthouse units. Units range between approximately 500 and 1,734 square feet, and monthly HOA fees vary based on size, starting at roughly $500 per month.
Signature at MGM
Made up of three identical 40-story towers containing 16 residences per floor, Signature at MGM is connected to the MGM Grand Resort and Casino. Condo units are available in studio and one-bedroom configurations that are 520 square feet and 874 square feet, respectively. Your guests can take advantage of all of the building’s amenities, which include round-the-clock front desk and concierge service, gated security, a top of the line fitness center, swimming pool, and a lounge in the lobby. It’s easy to access MGM Grand, as well as all of its amenities, by way of an enclosed mobile walkway. Signature at MGM requires owners to pay monthly HOA fees, which range between $682 and $2,024 depending on the unit. Residences in the building range between the $200s and $300s, depending on the size and floor.