Las Vegas Penthouses For Sale
Looking for penthouse condos for sale in Las Vegas, Nevada? Check out all available penthouse condo listings below. To learn more about an available penthouse unit, just click the “Request More Information” button when viewing the details of that property. We can provide you with disclosures, past sales history, dates and prices of recently sold condos nearby, and more.
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Penthouse For Sale Las Vegas
What is a Penthouse Condo? A Modern Definition
Although the penthouse unit has traditionally been known as the top-floor living space of a residential building, the parameters of its definition are rapidly changing. Today, the term “penthouse” is much more of a marketing buzzword that refers to upper floor units with larger floor plans or different layouts from other lower floor units. Additionally, as alluded to above, penthouses don’t always occupy just the top floor of a building and often fill out the top 3-4 floors, especially in newer developments. Despite this type of new school marketing strategy, which can certainly be confusing for buyers, expanding the guidelines for what a penthouse condo is defined by often enables developers to sell more units at premium price points, effectively increasing their bottom line.
Common Characteristics of a Penthouse
Thanks to an evolving etymology, a penthouse condo might not carry the same allure as it once did. But you can bet every penthouse unit still offers premium features that set it apart from other condos or apartments inside the same building. And although certain characteristics will of course vary from building to building, common features of a penthouse condo typically include the following:
- More living space
- Unique layout
- The best views
- High-end interiors
- Extra outdoor space
- More privacy
Like any other living space, penthouse condos come with upsides and downsides. And while the pros often outweigh the cons, it’s always best to consider both before deciding whether penthouse living is right for you. Here are just some of the pluses and minuses of calling a penthouse condo home:
Advantages of Penthouse Living
- More privacy. Even if penthouse doesn’t occupy an entire floor or isn’t on the top floor, chances are it still offers more privacy than other units in the building. Penthouses also tend to have larger floor plans as well, increasing privacy and living space by default.
- Sweeping views. Upper floor units of a condo building always provide better views for owners, which might be the greatest advantage of them all. It’s also common for penthouses to have oversized floor-to-ceiling windows, allowing owners to fully enjoy the memorable views each penthouse unit has to offer.
- Private outdoor space. While not every penthouse condo is guaranteed to include outdoor space, many include access to a private terrace or even the rooftop of a building, which can be a priceless addition depending on a building’s location.
- Memorable Views. Real estate agents emphasize that dwelling in a penthouse offers some of the best views in the city, which residents can appreciate in the design of the space with floor-to-ceiling windows.
- Beautiful Outdoor Space. In urban areas such as Las Vegas where outdoor space is premium, access to exclusive terraces can be priceless for residents in such densely populated areas.
- Great Privacy. Penthouse living offers residents a great amount of privacy as the large size of the luxury apartment means fewer units on the floor and no one living above them. Premium dwellings are directly accessible by a private entrance.
Disadvantages of Penthouse Living
- Premium pricing. It’s true—all that extra living space and all those extra features will always come with a higher price tag. So while the idea of penthouse living may seem desirable on the surface, be prepared to pay a premium at the closing table.
- Longer elevator rides. This might not seem like a terrible inconvenience initially. But when you’re in a hurry or happen to forget something in the car, the extra time it takes to come and go from a penthouse can quickly become a nuisance if you’re not ready for it.
- Higher HOA fees. The larger the unit, the higher the HOA fees will be. Along with a higher purchase price, also remember to factor in those pesky assessment fees. And with a penthouse, those fees are sure to be much, much more.
- Obnoxious Elevator Rides. Nice views living on the top floor of the penthouse can come with the cost of longer-than-usual elevator rides or countless flights of stairs to climb. This can be an inconvenience if you are in a rush or need to make many trips back and forth to your car.
- Outdoor Space. A man-made terrace provides a resident with a place to relax or entertain, additional costs may have to be paid to maintain the landscaping.
The Las Vegas Penthouse Condo Market
If you don’t already know, Las Vegas is a city that is tailor-made for penthouse living. The bright lights, the glitzy lifestyle, and the mesmerizing desert landscape all help make Las Vegas the absolute perfect place to buy a fabulous new penthouse condo. And luckily for buyers, plenty of options and opportunities are out there to help make that dream become a reality.
A penthouse is known for being a spacious and well-appointed apartment, which is traditionally located on the top floor of an apartment building, condominium, or hotel— the likelier scenario of which you may have originally heard of a penthouse. The term is used today to refer to any such unit that offers significantly more space, and a deluxe floor plan than the other sister units in the building. Fun fact: these luxury living spaces first gained popularity in Manhattan during the “roaring 20s,” when the flush economy fueled a skyscraper building boom.
Can You Spot The Penthouse? 5 Common Characteristics:
- High-Vaulted Ceilings— A well-defining feature of a penthouse unit is the high-vaulted ceilings and large ceiling-to-floor windows to allow light to flood in and create the illusion of a larger space.
- Easy Outdoor Man-Made Access— Luxury penthouses are setback from the outer walls and the rest of the building, allowing the penthouse access to a man-made outdoor terrace. Here, residents can entertain guests, meditate, or simply enjoy a glass of wine while watching the sunset.
- Premium Finishes— Penthouses are luxury units and are usually full of premium appliances, hardware, and other finishes to elevate the space.
- Stunning Views— One of the single-most defining features of a penthouse is the access to the best views, and because the luxury apartment is located on the top floor, there is the possibility of the penthouse being located on the lower floor where it may have access to some better, unobstructed views.
- Square footage— In addition to some prime views, penthouses offer residents roomy floor plans, though some penthouses can run as small as 500 square feet.
Penthouses' premium size, views, and privacy distinguish them from other apartment living. There are typically only a handful of penthouse units available in Las Vegas that might have a large number of apartments varying in size, from a studio to a multi-bedroom dwelling. Penthouses are often distinguished by their nice views, gracious square footage, high-vaulted ceilings, and premium amenities.
Las Vegas condo developments like the Panorama Towers, One Queensridge Place, and the Waldorf Astoria Residences are where you’ll find some of the most expensive penthouse condos in Las Vegas, which can range anywhere from $5 to $15 million. But the beauty of the Las Vegas penthouse market is that you don’t necessarily have to break the bank to realize the dream of penthouse living. In fact, penthouse units inside The Turnberry MGM Grand have sold for under $500,000, and any number of smaller mid-rise and high-rise condo communities, like the Newport Lofts or Juhl for example, have featured asking prices for between $600,000 and just over $1 million for penthouse units.