Las Vegas - Strip Area - High-Rise - Condo/Hotel
Below is a showcase of some of the currently listed properties in Platinum Resort Condos Las Vegas. This information is updated every 24 hours.
HOA Fees on above sold units range from $535 to $1,689 a month
The above photo shows the proximity to the Strip of Platinum Resort Condos. There are 256 units in all with sizes ranging from 739 to 2,194 sq. ft. The majority of these units are one-bedroom with a few two-bedroom units, all of which are over 2,000 sq. ft. The first closings on these properties were in September 2006. It is a hotel/condo and as such can participate in the on-site rental program. This can be an attractive option for those individuals who spend considerable time in Las Vegas but do not want the expense or hassle of conventional condo ownership.
Platinum rental programPlatinum is a hotel/condo and as such the unit owners have the opportunity to participate in the rental program. When I last checked, only one unit at Platinum was not in this program. Below are the basics of the rental program per my conversations with Platinum and, of course, they are always subject to change. Unit owners are limited to a maximum of 60 days of personal use per year. Revenues from the rentals are split 50/50 between Platinum management and the owner. If the owner’s share of the revenue exceeds that monthly association fee then a check is written to the owner for the difference. If the revenue is less than the association fee then a bill is sent to the owner for the difference. There is also a 4% fee, of the top of the revenues that is held to deal with any unit repairs necessary. Owners can book their use in advance or call and schedule use depending on availability. It was represented to me that Platinum runs at 60% occupancy or above, depending on season, conventions and such. |
Units are completely furnished. Amenities include nine-foot ceilings, private sheltered terraces, terrace cafe table with seating for four, ceramic tile kitchen and baths, fireplace with granite surround, in-suite stacked washer/dryer (selected suites), wall-mounted 42″ plasma HDTV, Units are also wired for telephone, cable and high-speed internet access and have steel-insulated suite entry door with security-card entry system. Monthly association fees are the lowest of all the local condo-hotel options.
Resort amenities include enclosed secure parking, lobby lounge/bar and gift shop, fifth-floor board room and conference center with a high-speed internet connection, state-of-the-art fitness center, spa/treatment center, indoor pool and whirlpool, outdoor pool and whirlpool, poolside bar & cafe. Additional amenities include a roof terrace and adjoining reception/lounge with Strip, mountain, and sunset views.
Two-block walk to Bellagio, Caesars Palace, and Paris on the Las Vegas Strip Less than one block to the new Monorail with easy access to all major Strip attractions, Harry Reid International Airport, and the Las Vegas Convention Center.
Other condo hotel options include MGM Grand Residences Turnberry, the Trump Tower, Vdara at City Center, and possibly The Cosmopolitan.