There's no doubt that many people involved in the hot Las Vegas, NV, market taking advantage of investment opportunities. However, people also consider buying here for a number of other reasons. Whether you're moving to town, buying housing for a college student or spending some of your casino winnings, there's something on the market for you.
The hottest Vegas area is the legendary strip. The areas around this nexus are also quite popular among developers, investors and those looking for a contemporary urban lifestyle. Focusing on these areas, here's what a half a million could get you when you're shopping for a condo in Vegas.
Sky Las Vegas
The Sky tower rises 45 stories up above the strip, right next door to the Sahara Resort. You can probably find a two-bed, three-bath condo here right around the $500,000 range, with the higher floors, upgraded units and larger floor plans commanding higher prices.
The popular smaller floor plans — still well over 1,000 square feet — are usually the only two-bedroom condos at this Vegas Strip property that list for under $500,000. That said, you might find a two-bed, two-bath unit in the upscale, full-amenity Panorama towers listed for somewhere between $475,000 and $525,000.
One Las Vegas
This condo development has some serious appeal in terms of value and luxury if you're looking a little off the strip. Spacious units with three bedrooms and four bathrooms occasionally come up with asking prices right on the $500,000 mark. When you move out of the main drag, you get more living space, similar amenities, more green space — and a little more serenity at the street level.
Luxury and service are the hallmarks of the Vegas casinos, and, as you can see, many of the condo towers follow suit. Check the city directory of condos to find properties that interest you today.