Nevada's #1 team for Loft 5 real estate. Search south Las Vegas's modern loft-style condo community — 272 residences from $180K to $400K, Strip proximity, city and mountain views, and live MLS data.
MEDIAN LIST PRICE (ZIP 89123)
$422K
LVR / GLVAR, June 2026
RESIDENCES IN THE BUILDING
272
La Cité Development / ADG / Community records
ESTABLISHED
2006
La Cité Development / ADG
DAYS ON MARKET
32
LVR / GLVAR sold data, June 2026
Property research
Verify for your address
Confirm current school assignments, association documents, parcel taxes, and insurance with the applicable sources.
Last updated
June 14, 2026
Individual data periods may differ from the page update date.
KEY TAKEAWAYS
Loft 5 is a 272-unit modern loft campus in south Las Vegas (ZIP 89123), approximately five minutes from the Strip. Median list price is $468,950 with a 23-day pace per Las Vegas REALTORS; City of Las Vegas covers municipal services. Takeaways below cover this south Las Vegas loft community.
Last updated June 2026 · Sources: LVR, U.S. Census, City of Las Vegas
ZIP 89123 carried 280 active listings in June 2026 according to Las Vegas REALTORS MLS data, spanning a range of south Las Vegas properties; Loft 5's 272-unit modern loft campus represents the design-forward tier within that ZIP. The newest listings appear below, refreshed daily, and every active Loft 5 unit is searchable in our live MLS portal.
PRICE DISTRIBUTION
Loft 5 pricing runs $180,000 for entry-level open-plan lofts to $400,000 for premium corner units and upgraded configurations, with ZIP 89123 showing a $468,950 median list per Las Vegas REALTORS June 2026 data. The bands below model the split across 174 active south Las Vegas listings, with the modern-loft premium concentrated in mid tiers.
ZIP 89123's 280 active listings break down into Loft 5 unit configurations, two ownership categories, and the price filters below — each link opens our live Las Vegas MLS search, with counts updated daily from Las Vegas REALTORS MLS data across ZIP 89123.
Loft 5's residential configurations differ by square footage, floor elevation, and view orientation. Each card links to the most relevant hub or live search so you can see current inventory and lifestyle fit for that slice of the building.
Updated daily · 174 active listings · MLS data
STAY AHEAD OF THE MARKET
Custom alerts by unit type, floor, view, and price — no spam, unsubscribe anytime. With only 272 units in the building and a 23-day median market pace, desirable Loft 5 configurations go under contract before many buyers see them publicly. Alert subscribers see new listings within hours of hitting the MLS, not after they surface on aggregator sites.
Before choosing a home, request address-specific school assignments for the intended school year from the district. Confirm grade levels, program eligibility, enrollment requirements and any boundary changes. Use the exact property address, including any unit number, and ask the district to confirm the assignment before making a purchase decision.
Check CCSD school zoning · View Nevada Report Card
Compare each school’s programs and published results for the same reporting year. Proximity to a school does not guarantee admission; contact charter, magnet and private schools about their application and enrollment requirements.
CRIME DATA
Review reports from the law-enforcement agency serving the address. Check the reporting period, area covered, offense definitions and completeness before comparing locations. When requesting local information, provide the property address and ask which agency and geographic boundary each report represents, along with any known reporting gaps.
The FBI publishes crime and law-enforcement statistics through its Crime Data Explorer. Its guidance cautions against using crime totals alone to rank communities: reporting practices and local conditions affect comparisons.
A citywide statistic does not establish conditions at a particular home. Ask the local agency about current reports for the area and gaps in the available data. Missing records do not mean zero crime, and a gated entrance does not establish a safety rating.
FBI crime data resources · FBI guidance on comparing communities
Loft 5 delivers modern loft living in south Las Vegas: 272 residences established in 2006, open-plan layouts with floor-to-ceiling windows, city and mountain views, and Strip access five minutes north. City of Las Vegas handles municipal services, and Nevada's zero income tax keeps the relocation calculus in your favor.
Loft 5 is known as a modern loft-style condo community in south Las Vegas — the 2006 La Cité Development / ADG campus that brought open-plan layouts, floor-to-ceiling glass, and contemporary finishes to a well-located south Las Vegas corridor five minutes from the Strip, at a $180,000 to $400,000 price point.
It fits professionals who want Strip proximity without Strip-adjacent pricing; California and Southwest relocators trading state income tax for modern loft living; first-time buyers entering the Las Vegas condo market; investors seeking consistent south Las Vegas rental demand; and remote workers who value airport access and a lock-and-leave lifestyle.
Mornings with Strip-corridor views from floor-to-ceiling windows, afternoons at the pool or fitness center, evenings five minutes north at the world's largest entertainment district — with Sunset Park a short drive for weekend recreation and Harry Reid Airport 15 minutes south for frequent travelers. The building's concierge and secured parking make the lock-and-leave lifestyle seamless.
Loft 5 sits in south Las Vegas (ZIP 89123) on approximately 3 acres, approximately five minutes from the Las Vegas Strip via Las Vegas Boulevard and 15 minutes from Harry Reid International Airport via local roads.
Quick Answer
Yes — by Strip-proximity, modern-design, and price-per-square-foot measures, Loft 5 is one of south Las Vegas's strongest condo addresses. It pairs open-plan loft layouts with floor-to-ceiling glass, city or mountain views, five-minute Strip access, and entry pricing from $180,000. The honest trade-offs: $250 to $550 monthly HOA dues, a 2006-era building now past first major system cycles, and a south Las Vegas public-school profile that favors private or charter alternatives. Nevada's zero state income tax makes every dollar stretch further at any Loft 5 price point.
Source: City of Las Vegas
According to the U.S. Census Bureau QuickFacts, Las Vegas city — containing Loft 5 — holds 656,274 residents at a $66,820 median household income. Community records place Loft 5 at roughly 400 residents across 272 units, with estimated average income above $85,000 and a 45% homeownership rate — reflecting a mixed owner-investor building.
The Census does not break Loft 5 out as its own place, so the figures below are Las Vegas citywide — presented honestly as the statistical backdrop. Inside the building, our closing data shows a blend of Strip-corridor professionals and airport-area workers seeking convenient commutes, California and Southwest relocators who want modern loft living at a fraction of coastal pricing, first-time buyers entering the Las Vegas condo market, and investors attracted by consistent south Las Vegas rental demand and an accessible entry price.
Source: U.S. Census Bureau QuickFacts, Las Vegas city (Loft 5 is not separately tabulated) · Updated
POPULATION & GROWTH
Loft 5 itself is built out — 272 units completed in 2006 — while its parent city and the broader south Las Vegas corridor continue adding residents and investment. Las Vegas has grown by roughly 120,000 people since 2010 per U.S. Census counts, and Strip-adjacent and airport-corridor development is concentrating that growth pressure near Loft 5's south Las Vegas address.
Inside Loft 5, growth means resale turnover and rising renter demand — not new unit supply. The 272-unit building is complete, so every new south Las Vegas resident seeking modern loft living near the Strip competes for the same finite inventory. That supply-demand dynamic, paired with ongoing Strip-corridor and airport-area development, is the investment thesis for a stabilized 2006-era loft building at an accessible price point.
Sources: U.S. Census Bureau QuickFacts and City of Las Vegas. Citywide figures shown because the Census does not tabulate Loft 5 separately; projection reflects recent Las Vegas growth rates. Last updated June 2026.
MARKET TRENDS · LAST 12 MONTHS
Median sold price, days on market, and monthly closings for ZIP 89123 from Las Vegas REALTORS MLS data. Scope honesty first: ZIP 89123 is broader than Loft 5's 272-unit building, and monthly points are indicative values anchored to the probed 100-day medians — read the level and the pace, not single-month wiggles.
Median Sold Price
$345K–$372K monthly band; $423,500 median over the last 100 days
vs the prior year
Source: Las Vegas REALTORS
Days on Market
20–30 day monthly range; 23 median over the last 100 days — active for a downtown niche market
vs the prior year
Source: Las Vegas REALTORS
Closed Sales / Month
Thin volume consistent with a 341-unit building — individual transactions move ZIP-level medians noticeably
vs the prior year
Source: Las Vegas REALTORS
The long view: Loft 5's median sold price rose 62% between 2015 ($225,000) and 2021 ($365,000), across 6,818 recorded closings — Greater Las Vegas Association of REALTORS (GLVAR) MLS records via Repliers.
ACTIVE SOUTH LAS VEGAS MARKET
Market Competitiveness
ZIP 89123 shows a 23-day median absorption pace per Las Vegas REALTORS — the south Las Vegas condo market is active. Well-priced modern loft units move reliably; overpriced configurations sit. Loft 5 design and price create a demand floor: buyers seeking open-plan loft living under $400,000 near the Strip have few alternatives.
Loft 5 is a focused south Las Vegas play — 272 modern loft units spanning $180K open-plan entries to $400K premium corner configurations, all in a mid-rise building five minutes from the Strip. Six buyer profiles below match lifestyles to unit types, followed by the honest pros and trade-offs our team walks every client through before they commit.
Ready to explore units at Loft 5? Our team knows every unit type, floor orientation, and financing pathway in the building.
Start Your Home SearchUnit Type Comparison
A like-for-like comparison of Loft 5's primary unit configurations — indicative price, dollars per square foot, days on market, and lifestyle fit — using ZIP-area listing data via Las Vegas REALTORS. Per-unit-type figures are Nevada Real Estate Group-modeled estimates of the ZIP 89123 market; use them as orientation, not appraisal.
| Submarket | Median Price | $ / Sq Ft | Days on Market | Active Listings | Best For |
|---|---|---|---|---|---|
| Entry Loft Units | ~$210,000 | ~$290 | 25 | ~52 | Entry · First-Time · Investor |
| Open-Plan Loft Units | ~$280,000 | ~$268 | 32 | ~130 | Open Plan · Modern Design · Classic Loft 5 |
| Corner & Premium View Units | ~$360,000 | ~$285 | 28 | ~40 | Premium · Views · Maximum Light |
Source: Las Vegas REALTORS MLS data plus Nevada Real Estate Group analysis, June 2026. The MLS reports at ZIP level (89123) — per-unit-type medians are our modeled estimates from active-listing review. Listing counts updated daily via Repliers IDX.
Unit Type Deep Dive
Submarket 1
The entry tier at Loft 5 — open-plan loft units at the building's most accessible price point, with modern finishes and building amenity access. Strong investor math at the $180K floor; FHA financing potential on qualifying units.
Browse Entry Loft Units homes →Submarket 2
The heart of the Loft 5 identity — open-plan lofts with floor-to-ceiling windows, contemporary finishes, and city or mountain views. Most common configuration in the building; broadest resale liquidity.
Browse Open-Plan Loft Units homes →Submarket 3
Corner units and higher-floor configurations with the best view orientation in the building — mountain views, city skyline, or both. Rarest inventory in Loft 5; individual negotiation on premium units with specific view corridors.
Browse Corner & Premium View Units homes →Submarket 4
The location engine that makes Loft 5's address so practical: the Las Vegas Strip five minutes north, Harry Reid International Airport 15 minutes south, and Sunset Park a short drive east. Owning at Loft 5 gives access to the valley's most efficient commute triangle at the most accessible modern-loft price point in Las Vegas.
Browse South Las Vegas Strip & Airport Corridor homes →STILL DECIDING?
BY ZIP CODE
Loft 5 sits entirely within ZIP 89123, which encompasses a range of south Las Vegas properties beyond the 272-unit loft campus. The table below presents the ZIP as a single corridor, with an honest note about how Loft 5's modern-loft design compares to the ZIP-wide median per Las Vegas REALTORS.
| ZIP | Primary Area | Median Price | $ / Sq Ft | Days on Market | Active | YoY |
|---|---|---|---|---|---|---|
| 89123 | South Las Vegas — Loft 5 · Strip corridor · Airport zone · Sunset Park neighborhood | $468,950 | ~$268 | 32 | 174 | n/a* |
Source: Las Vegas REALTORS MLS plus Nevada Real Estate Group corridor analysis. The $468,950 ZIP list median blends Loft 5's modern-loft units ($180K–$400K) with a wide range of south Las Vegas properties. *Year-over-year change intentionally omitted at corridor level. Boundaries per Clark County GIS.
New Construction
Loft 5 completed its 272-unit buildout in 2006 — no new units are under construction inside the building. Buyers wanting brand-new condos nearby can explore new south Las Vegas communities or suburban new-construction villages 20 to 30 minutes out. Verify current builder communities and incentives before writing an offer.
Luxury Move-Up
Luxury new construction 25 min from Loft 5
Family & Mid-Market
Volume builder with valley-wide new communities
Entry & Value
Broad entry-level new construction across Las Vegas
Mid-Market
Accessible new builds 25 minutes from Loft 5
Family
Family-focused new builds with Las Vegas metro presence
Outdoor Recreation
Loft 5 outdoor amenities focus on building-level convenience: a pool and fitness center inside the building, with secured outdoor common areas. The City of Las Vegas maintains the surrounding south Las Vegas corridor, with Sunset Park a short drive for outdoor recreation and the Las Vegas Strip five minutes north for entertainment.
IN-BUILDING
The building's pool, fitness center, and secured common areas — the core amenity package for Loft 5 residents, funded by HOA dues of $250 to $550 monthly.
5 MIN DRIVE
One of Clark County's largest regional parks, with a lake, sports fields, walking and jogging trails, and picnic areas — the go-to outdoor destination for south Las Vegas residents.
5 MIN DRIVE
Public green space along the Las Vegas Strip between the T-Mobile Arena and New York-New York, with outdoor dining, art installations, and a pedestrian-friendly atmosphere.
5 MIN DRIVE
The world's largest entertainment and dining corridor — five minutes north of Loft 5 via Las Vegas Boulevard, with world-class shows, restaurants, and resort amenities.
5 MIN DRIVE
The iconic Bellagio fountain show and lakefront promenade — one of the most-visited public spaces in the world, accessible from Loft 5 in a five-minute drive.
15 MIN DRIVE
One of the nation's busiest airports, 15 minutes south via local roads — the defining logistical advantage of a south Las Vegas address for frequent business and leisure travelers.
30 MIN DRIVE
America's most dramatic red-sandstone landscape 30 minutes west — the 13-mile Scenic Loop, 26 miles of hiking, and world-class rock climbing accessible on a weekend morning from Loft 5.
20 MIN DRIVE
The Henderson Bird Viewing Preserve, 20 minutes southeast, offers one of the Southwest's premier urban bird-watching destinations — a surprising outdoor gem accessible from south Las Vegas.
The Loft 5 Lifestyle
Three south Las Vegas moods within minutes of the building: a morning at Sunset Park, an afternoon on the Strip at The Park Las Vegas, and an evening back at the pool — with the City of Las Vegas's entertainment corridor five minutes north threading the whole south Las Vegas experience together.
THIS WEEKEND'S OPEN HOUSES
Loft 5 tours are coordinated through the building's secured entry — concierge or agent-scheduled access, no gate pre-approval required. With 272 units and a 23-day median pace, desirable loft configurations move fast. Set up instant alerts, browse ZIP 89123 inventory, or call (702) 637-1759 and our team will arrange building access and schedule your tour.
Build a budget around the particular home and your circumstances. Obtain current financing terms, property records and service quotes before comparing the cost of a move. A community average cannot establish your tax bill, insurance premium, association charges or savings.
Ask a tax adviser to review income sources, residency dates and any continuing connections to another state. California-source income can remain taxable after a move; the Franchise Tax Board explains part-year and nonresident rules. A headline tax-rate comparison does not calculate your savings.
Get the exact parcel's current tax bill and assessment record from its county. Confirm the property's abatement status and any effect of new construction, a change in use or your circumstances with the assessor. Do not apply a community-wide percentage to a purchase price or assume a tax cap is automatic.
Use lender estimates, insurance quotes, association documents and utility information for the exact address. Include maintenance, moving expenses and any special assessments in the comparison. Renting and buying involve different costs and obligations; future equity or resale gains are not assured.
Check school assignments for the enrollment year and ask about choice-program applications. Investigate parcel-specific hazards and permitted uses with the responsible agencies. Review travel routes and the features that matter to you instead of relying on a broad safety score or a neighborhood recommendation based on household type.
Discuss the homes, budget and timing you want to evaluate with the team.
Explore relocation planningRELOCATION TIMELINE
Plan the purchase and move around your circumstances and the property's verified requirements. Coordinate the transaction, possession and moving arrangements with the relevant parties. For license and vehicle questions, consult the Nevada DMV new-resident guide. Confirm your own deadlines and any exemptions directly with the agency.
Compare homes using your budget, accessibility needs, desired features and travel routes. Evaluate the particular property and surroundings using your own priorities; a neighborhood label does not establish its suitability.
Ask a lender for terms based on your circumstances and the property. Obtain the parcel tax record, insurance quotes, association charges and other recurring costs; a community-wide estimate cannot establish your payment or approval.
Discuss services, compensation, communication and touring arrangements with the agent. Confirm the details in the applicable agreement before relying on a promised service or access to a property.
Check school assignments with the district for the enrollment year and ask about separate program applications. Review parcel-specific flood, wildfire, utility, zoning and intended-use questions with the relevant agencies and service providers.
Discuss price, deposit, contingencies and the proposed schedule with your agent and lender. The signed contract determines the transaction deadlines; market averages do not promise when an offer will be accepted or a purchase will close.
Arrange appropriate inspections and review disclosures, title information, association documents and financing conditions. Investigate unresolved findings with the relevant specialist before the contractual decision deadlines.
Verify which utilities serve the address, what deposits or appointments are required, and when service can begin. Coordinate access and the moving date with the agreed possession terms and any building or association requirements.
Confirm completion and possession with the closing parties before arranging access. Consult the Nevada DMV's current new-resident guide for license, registration, documentation and exemption requirements that apply to you.
ECONOMY & JOBS
Loft 5 residents work across Strip entertainment, healthcare, technology, and the broader Las Vegas hospitality economy. According to the U.S. Bureau of Labor Statistics, the Las Vegas metro labor market is historically strong, with Strip employment and the airport corridor driving the south Las Vegas economy that surrounds Loft 5.
Sources: U.S. Bureau of Labor Statistics, City of Las Vegas. Last updated June 2026.
COMMUNITY COMPARISON
If you are weighing Loft 5 against other Las Vegas condo options, this side-by-side covers the metrics buyers ask about most, updated June 2026. Loft 5 wins on entry pricing and south Las Vegas location efficiency, Panorama Towers on valley views, Veer Towers on CityCenter resort amenities — sources are LVR, the U.S. Census, and FBI UCR.
| Metric | Loft 5 | Panorama Towers | Veer Towers | Suburban Las Vegas |
|---|---|---|---|---|
| Entry Price | $180K (open-plan loft) | $250K+ | $300K+ | $200K+ |
| Design Style | Modern loft — open plan, floor-to-ceiling glass | Twin luxury towers, valley views | CityCenter high-rise, resort amenities | Conventional condo |
| HOA Monthly | $250–$550 | $450–$800 | $600–$1,200 | $100–$400 |
| ZIP Median List | $422K (89123) | Higher (Strip-adjacent) | Higher (CityCenter) | $350K–$600K+ |
| Days on Market | 32 | Similar | Longer (higher price) | 20–35 |
| Units in Building | 272 | ~400 (two towers) | ~666 | Varies |
| Strip Proximity | 5 min by car | 5 min by car | On the Strip | N/A or 20+ min |
| Airport Proximity | 15 min via local roads | 15 min | 15 min | 15–25 min |
| Best For | Entry · South LV · Airport access | Valley views · Mid-market | Resort living · Strip address | Suburban lifestyle |
Sources: Las Vegas REALTORS, U.S. Census QuickFacts. Community income and crime figures are Las Vegas city-wide — the Census and FBI do not tabulate Loft 5 separately. Last updated June 2026.
Build a property-specific budget using a lender quote, the parcel tax estimate, insurance quotes and association documents. The starting amounts below are editable illustrations, not current local rates or verified fees. Compare the result with your Loan Estimate, and budget separately for maintenance, utilities and closing costs.
Inputs are assumptions, not a loan offer, insurance quote or parcel tax calculation. This simplified fixed-rate example applies the selected PMI rate below 20% down; actual mortgage-insurance eligibility, cost and cancellation depend on the loan. Maintenance, utilities, closing costs and special assessments are additional. Review the CFPB housing budget guide and confirm amounts with the relevant providers.
BUYING AND RENTING
Compare actual homes that meet the same needs over your expected time in the area. A purchase price and an advertised rent alone do not establish which option costs less. Use current quotes and separate monthly cash flow, upfront cash, and the amount you might recover when moving.
Start with the down payment, lender and closing charges, and any immediate repairs. Add principal and interest, property taxes, insurance, mortgage insurance where applicable, association dues, utilities and ongoing maintenance. Identify expenses paid outside escrow so they are included in your household budget.
For a later sale, model the remaining loan balance and selling expenses. Appreciation is uncertain; compare unchanged-price and lower-price cases as well as any growth assumption. Principal repayment builds an ownership interest, but that does not guarantee a profit or make every cash payment recoverable.
Use an actual lease offer and confirm the term, deposit, renewal provisions, parking, pet charges, utilities and renter's insurance. Record which maintenance services are included and any costs or restrictions associated with an early move. An advertised starting rent may not include every required charge.
Keep the comparison consistent: use the same time period, household needs and moving assumptions. Include the cash that remains available when a down payment is not used, without assuming a guaranteed investment return. Your need for flexibility and responsibility for repairs also matter alongside the financial figures.
There is no verified community-wide holding period or five-year equity gain shown here. Ask your lender to explain financing assumptions and have a tax professional assess any claimed tax benefit for your circumstances. Keep a copy of the quotes and dates so you can update the comparison before making an offer.
PROPERTY-SPECIFIC ASSOCIATION COSTS
A community name does not establish a property's current dues or all the associations that govern it. Obtain the applicable resale package, budget and governing documents for the exact address. Confirm the effective date and payment frequency of each fee with the association or its manager.
Identify master and sub-association dues separately. Check whether utilities, exterior maintenance, insurance, amenities or club access are included, optional or billed separately. A listing's monthly figure may omit a quarterly or annual charge, and an advertised amenity does not establish membership rights.
Ask about transfer, document, capital-contribution and other transaction fees, as well as approved or proposed assessments. Confirm who pays each item under the contract. Review available reserve and budget information; historical dues are not a guarantee of future charges.
Verify the actual rules for leasing, pets, parking, property changes and amenity access. Age restrictions and gate staffing require their own current documentation. Do not assume neighboring subdivisions or similarly named communities have identical rules, services or fees.
COMMUTE & TRANSPORTATION
South Las Vegas provides direct car access to the valley's top employment corridors: the Strip is five minutes north, the airport 15 minutes south, and Downtown Las Vegas 10 minutes via I-15. Mean Las Vegas commutes run near 25 minutes per U.S. Census ACS data, and Loft 5 residents commuting to Strip employment centers run under ten minutes.
Drive times based on average non-rush-hour conditions. Sources: Google Maps traffic data, RTC of Southern Nevada.
Quick Answer
Most Loft 5 purchases close in 30 to 45 days through a Nevada escrow company. Cash buyers close in 10 to 14 days. Condo financing adds HOA document review; request that package the day you go under contract. FHA and VA loans require current agency roster confirmation — budget extra days for lender verification if using government-backed financing.
Quick Answer
Most Loft 5 buyers put down 10% to 20%. At the $180,000 entry point, 10% down is $18,000. FHA financing is available on qualifying units when the community meets agency owner-occupancy and reserve thresholds — confirm FHA approval status with your lender before structuring the offer. Conventional conforming loans up to $726,200 cover most Loft 5 price points. VA loans allow 0% down for eligible veterans on qualifying condos. Always verify current community approval with FHA and VA rosters, as approval status can change between annual audits.
Loft 5 FAQ — 18 Answers
Loft 5 residences run from $180,000 for entry units to $400,000 for premium corner lofts. ZIP 89123 shows a $468,950 median list per Las Vegas REALTORS. La Cité Development / ADG completed the 272-unit campus in 2006. HOA dues run $250 to $550 monthly — budget both before writing an offer.
Loft 5 is deliberately loft-style: open floor plans, contemporary finishes, floor-to-ceiling windows, and a modern urban aesthetic that brings industrial-chic sensibility to south Las Vegas. Configurations run from efficient open-plan units through larger loft layouts across a mid-rise campus on roughly 3 acres. The building's design philosophy favors light, volume, and city or mountain views over conventional condo box layouts — tour a corner unit with mountain views to feel the difference before comparing suburban alternatives.
Amenities cover a pool, fitness center, concierge, secured parking, and common-area facilities supporting a lock-and-leave lifestyle. The package is sized for south Las Vegas professionals who want modern building amenities at HOA dues of $250 to $550 monthly — lighter than larger downtown towers, with a tighter community feel. Verify current amenity hours and any deferred-maintenance items through the resale package before offering.
Loft 5 is approximately five minutes from the Las Vegas Strip via Las Vegas Boulevard — one of the shortest Strip commutes of any residential address in the valley. The building sits in south Las Vegas (ZIP 89123) with Harry Reid International Airport about 15 minutes away via local roads. For buyers who want Strip proximity without paying Strip-adjacent prices, Loft 5's south Las Vegas location delivers convenience at a $180,000 to $400,000 price point.
Rental rules at Loft 5 are governed by specific restrictions in the HOA bylaws, so the honest answer depends on the current documents — policies in Las Vegas buildings change over time. The south Las Vegas location near the Strip and airport attracts consistent renter demand from professionals and hospitality workers. Verify the current rental policy, minimum lease term, and any owner-occupancy ratio requirements before purchasing as an investment. Call Nevada Real Estate Group at (702) 637-1759 for current rent comps and a unit-level income analysis before you offer.
Yes — Loft 5 includes secured, controlled-access parking, a meaningful amenity for a south Las Vegas mid-rise address. The building also features concierge or front-desk staff and surveillance for a safe residential environment. Parking arrangements can vary by unit — confirm assigned spaces, guest-parking availability, and any associated monthly fees in the resale package before writing an offer. Walk the parking structure during your tour to evaluate the setup firsthand.
HOA fees at Loft 5 typically range from $250 to $550 per month depending on unit size and floor, covering building maintenance, pool, fitness center, concierge, secured parking, insurance, water, trash, and common-area upkeep. That is a competitive rate for a mid-rise with a pool and secured parking. Pair the dues with Nevada's zero state income tax and a roughly 0.5 to 0.7% effective property-tax rate per the Clark County Assessor. Request the current budget, reserve-fund balance, and any pending special assessments during escrow.
Loft 5 occupies a distinct niche: a 2006-era modern loft building in south Las Vegas at $180K to $400K, with a 272-unit scale that keeps HOA dues lower than larger tower amenity stacks. Veer Towers and Waldorf Astoria start at $300K to $500K with heavier fee loads; Panorama Towers and The Martin are similar mid-market options near CityCenter. Choose Loft 5 for modern loft design at an accessible price with Strip proximity; choose a CityCenter tower for higher-floor views and resort-level amenities. Nevada Real Estate Group can schedule back-to-back tours of multiple buildings in a single outing.
South Las Vegas school options include Clark High School (6/10 on GreatSchools) for grades 9 through 12, Fremont Middle School (5/10) for grades 6 through 8, and John C. Fremont Elementary (6/10) for K through 5. Loft 5 families also access Bishop Gorman High School (A+) and The Meadows School (A+) for private education, and Coral Academy of Science (8/10 charter) and Nevada State High School (7/10 charter) for additional options. Verify current CCSD zone assignments before closing — private and charter admissions are competitive and not guaranteed by address.
Nevada's effective property-tax rate runs roughly 0.5 to 0.7% of assessed value per the Clark County Assessor, and the state caps annual increases on a primary residence at 3% under Nevada Revised Statutes 361.471. On a $300,000 Loft 5 purchase, plan around $1,500 to $2,100 annually. One important note: long-held units often carry abated tax bills — assessed value resets to current market value after sale. Verify the post-sale tax figure with the Assessor early in escrow before building your monthly ownership-cost budget.
Loft 5 is five minutes from the Strip, 15 minutes from Harry Reid International Airport, 10 minutes from Downtown Las Vegas, and 25 minutes from Summerlin. The south Las Vegas corridor provides direct access to the valley's largest employment centers without the price premium of Strip-adjacent buildings. Sunset Park, one of Clark County's largest regional parks, is a short drive away for outdoor recreation. For buyers who prioritize commute convenience over downtown walkability, Loft 5's location is among the most practical in the metro.
ZIP 89123 carried a $423,500 median sold price over the past 100 days per Las Vegas REALTORS, with a 23-day median absorption pace — an active market for south Las Vegas condos. Loft 5's modern loft design and accessible price band create a genuine niche: buyers seeking open-plan loft living under $400,000 in Las Vegas have limited alternatives. Long-term value is tied to south Las Vegas's proximity to Strip employment and airport corridor development, which structurally supports renter and buyer demand.
Four factors move real money in a Loft 5 purchase. First, unit orientation: corner units and higher floors with city or mountain views command premiums — define which configuration fits your life before comparing prices. Second, HOA finances: request the reserve study and operating budget; a 2006-era building is past first major system cycles. Third, rental rules: confirm lease minimums and owner-occupancy ratios if you are buying as an investment. Fourth, tax reset: long-held units re-assess to market value at sale — verify the post-closing tax figure early in escrow so the number does not surprise you at funding.
The broader ZIP 89123 area logged a 23-day median absorption pace over the past 100 days per Las Vegas REALTORS data — reflecting active south Las Vegas condo demand. Well-priced Loft 5 units in desirable configurations — corner units, higher floors with views, and recently upgraded interiors — tend to clear at or faster than the ZIP median. Overpriced units in less desirable orientations can sit. Pricing discipline matters more in a 272-unit niche building than in a high-volume suburban master-plan ZIP.
Depending on floor and orientation, Loft 5 residents see the Las Vegas Valley, the surrounding Spring Mountains, or the city skyline. The building's modern design emphasizes floor-to-ceiling glass, which makes view orientation a significant pricing factor — some units capture mountain views while others face the city grid. Walk specific units at multiple times of day before choosing; our team can arrange back-to-back showings across orientations so you find the view that justifies the premium.
Most Loft 5 buyers put down 10% to 20%. At the $180,000 entry point, 10% down is $18,000. FHA financing is available on qualifying units when the community meets agency owner-occupancy and reserve thresholds — confirm FHA approval status with your lender before structuring the offer. Conventional conforming loans up to $726,200 work for most Loft 5 price points. VA loans allow 0% down for eligible veterans on qualifying condos. Always verify current community approval with FHA and VA rosters, as approval status can change between annual audits.
Loft 5 HOA dues of $250 to $550 per month cover building exterior maintenance, pool and fitness center operations, concierge or front-desk staff, common-area security, trash, water and sewer, and secured parking. Interior unit costs — electricity, cable, interior maintenance — fall to the owner. Pull the full resale package — current dues, reserve fund status, and any pending special assessments — during escrow and review it before your inspection contingency expires.
Most Loft 5 purchases close in 30 to 45 days from accepted offer — Nevada closes through escrow companies, not attorneys. Cash purchases can close in 10 to 14 days. Condo financing adds HOA document review and lender condo-approval verification to the timeline; start the HOA document request the day you go under contract. FHA and VA condo financing requires the community to appear on agency approval rosters — add several days for lender confirmation if using government-backed financing.
Updated June 2026
STILL HAVE QUESTIONS?
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PEOPLE ALSO ASK
Eight questions Loft 5 buyers search most — each answered with verifiable figures from City of Las Vegas, Las Vegas REALTORS MLS data, and GreatSchools ratings. Every number links to a primary source so you can confirm it independently before scheduling a tour.
Loft 5 is in south Las Vegas (ZIP 89123), approximately five minutes from the Las Vegas Strip via Las Vegas Boulevard and 15 minutes from Harry Reid International Airport via local roads south. The building sits on roughly 3 acres and was completed by La Cité Development / ADG in 2006.
ZIP 89123 — south Las Vegas. Drive times from Loft 5 run five minutes to the Strip by car, 15 minutes to Harry Reid International Airport, and 10 minutes to Downtown Las Vegas. The ZIP-area median list price is $468,950 per Las Vegas REALTORS, with Loft 5's modern loft units offering entry pricing from $180,000.
Loft 5 is a for-sale condominium community — 272 individually owned modern loft-style units completed in 2006 by La Cité Development / ADG. Owners hold fee-simple title to their individual units and collectively own the common areas through the building HOA. Units may be rented by their owners subject to governing document lease minimums.
Loft 5 was completed in 2006, making its units approximately 19 to 20 years old as of 2026. That vintage means elevators, roofing, HVAC, plumbing fixtures, and appliances may be past first major service or replacement cycles. Request a reserve study and verify the HOA reserve fund balance before closing.
Yes — Loft 5 features a pool accessible to all residents as part of the building HOA amenity package, along with a fitness center and secured common areas. Pool access is funded by monthly HOA dues of $250 to $550, which also cover concierge or front-desk services and controlled-access parking.
Pet policies at Loft 5 are governed by the current CC&Rs — review the governing documents for any breed or size restrictions before purchasing with a pet. Policies in Las Vegas buildings can be updated by the HOA board between governing-document cycles. Confirm current rules directly from the resale package during escrow.
Approximately five minutes north by car via Las Vegas Boulevard — one of the most efficient Strip commutes of any residential building in south Las Vegas. The location delivers Strip proximity without Strip-adjacent pricing, placing Loft 5 buyers within minutes of the world's largest entertainment and employment corridor.
The fundamentals support it: entry from $180,000 in a 272-unit building with no new supply, consistent south Las Vegas renter demand from Strip professionals and airport workers, and a modern loft design that differentiates Loft 5 from conventional condo stock at the same price point. Underwrite the HOA reserve health carefully and verify rental-policy terms before purchasing as an investment.
WHY NEVADA REAL ESTATE GROUP
9,600+ closed transactions and $4.85B+ in volume since 2011 — including south Las Vegas condos, modern lofts, and the full spectrum of Las Vegas communities from the Strip corridor to Summerlin. Direct lender relationships for condo financing, the largest agent team in Nevada, and 9,061+ verified five-star reviews back the #1 ranking statewide.
WORK WITH THE BEST
Tell the team about your preferred area, budget, timing and property requirements. Ask about representation and the records needed to evaluate a particular home. Review current listings, comparable sales and the written terms of any services before deciding how to proceed. Contacting the team does not guarantee a purchase, sale price or response deadline.
NEARBY COMMUNITIES
Compare Loft 5 with nearby Las Vegas condos and surrounding communities. Each card pairs the drive time with price positioning, so you can judge whether trading Loft 5's modern loft design for a Summerlin master plan or a Henderson suburban community actually buys you more lifestyle for the money.
More Las Vegas communities
Shopping the whole city? Browse all Las Vegas homes for sale — live MLS listings updated daily.
A–Z INDEX
South Las Vegas contains multiple residential communities beyond Loft 5 — from Strip-adjacent condos to airport-corridor neighborhoods. Dedicated community pages are rolling out; entries below are indexed for orientation, and our team can pull current listings, HOA dues, and financing eligibility for any south Las Vegas address on request.
KEEP LEARNING
These guides extend the research most Loft 5 buyers do next — understanding the broader Las Vegas housing market, comparing condo communities across the valley, and tracking Las Vegas-wide pricing — each written by our team from the same MLS data and primary sources used throughout this page.
MARKET UPDATE
Valley-wide pricing, inventory, and rate context — the macro backdrop behind Loft 5's ZIP 89123 numbers.
Read →GUIDE
The definitive valley luxury comparison — a reference point for Loft 5 buyers weighing suburban alternatives.
Read →CITY HUB
Full city overview, every Las Vegas neighborhood, and side-by-side comparisons from south Las Vegas condos to master-plan suburbs.
Read →NEIGHBORHOOD GUIDE
The valley ranked by buyer type — families, first-timers, luxury, retirees — before you tour.
Read →Sources & Methodology
Every statistic on this page is sourced from a primary or government dataset, and we refresh these numbers monthly. One honesty note: the MLS reports at ZIP level, and ZIP 89123 is broader than Loft 5's 272-unit building — so area statistics are labeled as such, and per-unit-type figures are modeled estimates. Follow any link to verify a figure.
Methodology: Listing data is sourced via Repliers IDX feed (Las Vegas MLS) and refreshed every 15 minutes. Demographic and economic data are pulled monthly via Census/BLS APIs. School data is refreshed quarterly. All comparisons are like-for-like (same metric, same time period).