weather icon Mostly Cloudy

A look at the 5 most expensive Las Vegas condo sales of 2018 — PHOTOS

Las Vegas’ housing market might be known for its endless subdivisions of cookie-cutter houses, but there are also several options for high-rise living.

The valley’s residential towers are mostly on or near the Strip and downtown, and there would have been a lot more if all went according to plan last decade. During the mid-2000s bubble, there were so many high-rise ideas floating around that supporters dubbed it the “Manhattanization” of Las Vegas.

Most of the planned towers were never built, and ones that opened were hit with litigation, plunging sales and other problems after the economy crashed. In a few cases, failed projects were abandoned as giant holes in the ground.

Towers account for a fraction of Southern Nevada’s home sales. A total of 917 high-rise units traded hands this year through Tuesday, compared with almost 2,300 single-family houses in November alone, according to the Greater Las Vegas Association of Realtors.

Here is a look at the five-most-expensive high-rise condo sales of the year, as reported by the GLVAR. Most were in the Waldorf Astoria Las Vegas, formerly the Mandarin Oriental, and one of the buyers was Switch founder Rob Roy.

1. $5.5 million: Turnberry Place

2777 Paradise Road, Unit 3801

Sale closed Aug. 31

Spanning 8,205 square feet, this “custom penthouse” is “a masterpiece of its kind,” a listing says. It features a “grand entry foyer,” limestone fireplace and “sophisticated office.” The “sumptuous master suite” includes “custom mosaics in the showers,” and the condo’s second floor has an “entertainment pavilion” with a lounge and bar.

“While gazing out at the glittering Las Vegas skyline, you can relax in your private roof-top swimming pool,” the listing says.

2. $4.6 million: Waldorf Astoria

3750 Las Vegas Blvd. South, unit 4504

Sale closed Dec. 5

This 2,756-square-foot condo features two master bedroom suites and living and dining rooms, a listing says.

Luxury Estates International founder Kamran Zand, who was not involved in the deal, said it was the most expensive condo resale ever in Nevada as measured by price per square foot — $1,669.

According to Zand, the previous record was for neighboring unit 4503, which, he said, he sold in 2016 for $1,633 per square foot.

3. $4.3 million: Waldorf Astoria

Unit 2403

Sale closed Feb. 26

“When space and Strip views are a priority,” a listing says, this “highly sought-after” corner unit “is a must have!”

The two-bedroom, 2,998-square-foot condo has new custom cabinets, built-in entertainment centers and electronic blinds.

4. $4.15 million: One Queensridge Place

9103 Alta Drive, Unit 1501

Sale closed June 13

Spanning 5,844 square feet, this suburban Las Vegas penthouse is “truly the ultimate imagining of comfort (and) opulence,” a listing says. It features a butler’s pantry, office, den, four-car garage and views of the valley “from every terrace.”

5. (tie) $3.6 million: Waldorf Astoria

Unit 4502

Sale closed Dec. 7

This 2,247-square-foot unit was fully furnished and custom designed with high-end finishes, a listing says.

5. (tie) $3.6 million: Waldorf Astoria

Unit 4102

Sale closed Oct. 5

Roy, chairman and CEO of data-center operator Switch, bought this 2,247-square-foot condo, property records show.

“From The Moment You Arrive, You Know You Are In For Something Special!” a listing says.

The condo is an investment property for Roy, not his residence, said Adam Kramer, executive vice president of strategy at Switch. He added that Roy owns “numerous” investment properties around the valley.

Contact Eli Segall at esegall@reviewjournal.com or 702-383-0342. Follow @eli_segall on Twitter.

Don't miss the big stories. Like us on Facebook.
Business Videos
How much do Las Vegas casino CEOs make?
Las Vegas gaming CEOs made anywhere between $1 million and $24 million last year, according to company filings with the U.S. Securities and Exchange Commission. ((Las Vegas Review-Journal)
30-year-old Rio needs a little TLC
Nearly 30 years after the Rio opened, the red and blue jewel that helped catapult Las Vegas to a new level with its buffet and nightclub has lost its status along with its shine.
The latest on the Drew Las Vegas - VIDEO
Eli Segall recounts his tour of the Drew Las Vegas, formerly the Fontainebleau, on the Las Vegas Strip. (Michael Quine/Las Vegas Review-Journal)
Pinball Hall of Fame to move near south Strip
Operators of the Pinball Hall of Fame have been approved to build a new, larger arcade near the south edge of the Strip on Las Vegas Boulevard near Russel Road. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto
National Hardware Show underway Las Vegas
The National Hardware Show kicked off Tuesday at the Las Vegas Convention Center (Mat Luschek / Review-Journal)
Caesars for sale?
Caesars Entertainment Corp. has been swept up in takeover speculation since the company’s share price tumbled last year amid disappointing earnings and concerns over a recession. Amid the decline, hedge funds scooped up shares. Billionaire activist investor Carl Icahn began buying shares of Caesars as early as January. Icahn acquired nearly 18 percent by mid-March. In February Icahn called on the Caesars board to study a sale as a way to boost shareholder value.
Las Vegas home prices
Las Vegas home prices grew fastest among major markets in February for the ninth straight month. But amid affordability concerns, the growth rate has slowed down. Southern Nevada prices in February were up 9.7% from a year earlier, according to the latest S&P CoreLogic Case-Shiller index. The last time Las Vegas' price growth fell below 10% was in September 2017, S&P Dow Jones Indices reported.
Free Parking Coming To Wynn
Free parking will come to the Wynn and Encore resorts on May 1, 2019. (Mat Luschek / Review-Journal)
Founding Venetian employees talk about 20 years at the Strip resort
The Venetian, which opened May 3, 1999, is celebrating 20 years on the Las Vegas Strip. Seven original employees talk about opening the luxury resort and working there for two decades. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto
Circa aiming for December 2020 opening
The 1.25-million-square-foot property will have 44-stories and 777-rooms. It will also have a separate nine-story, 1,201-space parking garage.
Boxabl official explains the building concept
Boxabl business development manager Galiano Tiramani shows off a room built by his company. (Blake Apgar/Las Vegas Review-Journal)
TI/Mirage Tram reopens
The tram that shuttles guests between TI and Mirage reopened this week after being closed for much of 2018.
Las Vegas Convention Center expansion taking shape
Renderings and actual footage show how the Las Vegas Convention Center is evolving.
Former Starbucks CEO Howard Schultz at Las Vegas convention
Former Starbucks CEO and potential presidential candidate Howard Schultz spoke at the Epicor Insights user conference at Mandalay Bay Convention Center Wednesday, April 17, 2019. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto
Drew Las Vegas to open in the second quarter of 2022
The 67-story Drew Las Vegas is slated to open in the second quarter of 2022 at the north end of the Las Vegas Strip. (Michael Quine/Las Vegas Review-Journal)
NAB Day 1 (Time Lapse)
NAB kicked off at the Las Vegas Convention Center on Monday, April 8, 2019. (Mat Luschek / Review-Journal)
National Association of Broadcasters Show shows 1mm thick 8K TV with 22.2 channel digital sound
Japan’s NHK Science & Technology Research Laboratories booth featured a 1mm thick 8K TV system used in conjunction with a 22.2 channel digital sound system at the National Association of Broadcasters Show at the Las Vegas Convention Center. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto
Nevada shoppers react to Smith’s no longer accepting Visa credit cards
On March 1, Smith’s announced that it would no longer be accepting Visa credit cards at any of its 142 supermarkets, including the 45 in Nevada.
Massachusetts Gaming Commission asks how long Wynn executives knew about misconduct
Business reporter Rick Velotta gives an update on the adjudicatory hearing on the suitability of Wynn Resorts to retain its gaming license in Massachusetts.
Henderson app developer part of Startup in Residence
Henderson based developers of the app On Point Barricade are taking part in Startup in Residence, a North America program dedicated to pairing tech companies with governments. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto
Sam's Town employees and customers talk of their love for the iconic casino
Longtime Sam's Town employees and customers love each other and love their casino. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto
Las Vegas apartments rents
Las Vegas’ apartment market has accelerated in recent years. Developers are packing the suburbs with projects, landlords are on a buying spree, and tenants have filled buildings.
William Boyd talks about the birth of Sam's Town
On the eve of the 40th anniversary of Sam's Town, William Boyd, executive chairman of Boyd Gaming and son of hotel namesake Sam Boyd, talks about how the casino became one of the first local properties in Las Vegas. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto
High Roller observation wheel turns five
The world’s tallest observation wheel celebrates it’s fifth year on Sunday, March 31, 2019. (Michael Quine/Las Vegas Review-Journal) @Vegas88s
Escape Room Industry Growing In Las Vegas
Escapology employees discuss the growing escape room industry in the U.S. and Las Vegas. (Bailey Schulz/Las Vegas Review-Journal)
Impact of parking fees on visiting the Las Vegas Strip
There are no data showing a relationship between Strip resort and parking fees and the number of out-of-state visitors to Las Vegas. But there are data showing a relationship between Strip parking fees and the number of local visitors to the the Strip. ‘’As a local, I find myself picking hotels I visit for dinner or entertainment, based on whether they charge for parking or not,”’ said David Perisset, the owner of Exotics Racing. ‘’It is not a matter of money, more of principle.’’ A 2018 survey by the Las Vegas Global Economic Alliance found 36.9 percent of Clark County residents reported avoiding parking at Strip casinos that charge for parking. 29.1 percent reported avoiding using any services from a Strip casino that charges for parking.
MGM's sports betting deals
MGM Resorts International signed a sports betting sponsorship agreement with the NBA in July It was the first professional sports league to have official ties with a legal sports betting house. The deal came just two months after the U.S. Supreme Court overturned a law prohibiting sports betting in most states. In October, MGM became the first gaming company to sign a sports betting partnership with the NHL. In November, MGM became the first gaming company to sign a sports betting partnership with the MLB. Financial terms of Tuesday’s deal and earlier partnerships have not been announced.
Faraday puts Las Vegas land on the market
Nearly two years after Faraday Future bailed on its North Las Vegas auto factory, the company has put its land up for sale. (Michael Quine/Las Vegas Review-Journal)
El Cortez owner Kenny Epstein on running the iconic property
Kenny Epstein, owner of the El Cortez Hotel in downtown Las Vegas, talks about Jackie Gaughan mentorship and answers rumors about bodies in the basement at the mob-era casino. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto
LVCVA recommends construction of underground people mover
The Las Vegas Convention and Visitors Authority announced the recommendation for an underground people mover for the convention center. The system would have the potential to expand and connect Downtown and the resort corridor all the way to McCarran. (Michael Quine/ Las Vegas Review-Journal)
Las Vegas motorcoach resort offers luxury amenities

The Las Vegas Motorcoach Resort has elevated the RV lifestyle to a fine art, with amenities like a 10,000-square-foot clubhouse, a fitness center, a 24-hour guard gate and concierge services.