6/10John C. Fremont Elementary
Zoned · Strip corridor (8 min)
K-5650 Students18:1
Las Vegas Strip Area
The Platinum Hotel Residences Units For Sale
Nevada's #1 team for Platinum Hotel Residences real estate. Search hotel-condo units — from entry-level suites to upper-floor Strip-view residences — in Las Vegas's premier off-Strip hotel-condo building near Bally's and the Convention Center.
UNIT PRICE RANGE
$200K–$600K
Community plan record
ZIP-AREA MEDIAN LIST (89109)
$450K
LVR / GLVAR, June 2026
TOTAL UNITS
255
Community plan record
MEDIAN DAYS ON MARKET
58
LVR / GLVAR, June 2026
Data reviewed by
NREG Research Team
All statistics verified against primary sources (LVR, U.S. Census, FBI, BLS)
Last updated
June 2026
Reviewed monthly · Next review July 2026
KEY TAKEAWAYS
What Should You Know About Platinum Hotel Residences at a Glance?
Platinum Hotel Residences is a 255-unit hotel-condo tower in ZIP 89109 — one block east of the Las Vegas Strip — with units priced $200K–$600K, HOA dues of $350–$800/mo, and a managed short-term rental program per Las Vegas REALTORS data, with city demographics benchmarked to the U.S. Census. Five takeaways below explain what sets this building apart.
- Hotel-condo with rental program: owners can place units in the managed short-term rental program — Strip-adjacent income when you are not in residence.
- No resort fee for owners: unlike many Strip hotel-condos, Platinum Hotel Residences owners are not charged a resort fee, protecting net returns.
- Full hotel amenity stack: concierge, valet, spa, fitness center, resort pool, and room service — hotel services without the hotel-guest crowd.
- Financing requires planning: most conventional loan programs do not apply to condo-hotel buildings; budget for a portfolio lender and 20–30% down.
- Do your homework: HOA dues of $350–$800/mo, rental program terms, view-tier pricing, and portfolio-only financing all require early diligence.
Last updated June 2026 · Sources: LVR, U.S. Census, City of Las Vegas
Where Can I Find Platinum Hotel Residences Units for Sale?
Platinum Hotel Residences carries a rotating pool of active listings across its 255 units — inventory turns faster than larger luxury towers because the investor-heavy ownership base trades more actively, per Las Vegas REALTORS MLS data. The newest listings appear below, refreshed daily. Set an alert to see new units within hours of going active.
PRICE DISTRIBUTION
How Do Platinum Hotel Residences Units Break Down by Price?
Platinum Hotel Residences spans $200,000 to $600,000 across its 255 units, with pricing driven by floor, view orientation, and unit size per the community plan record and Las Vegas REALTORS MLS data. The bands below show where current inventory concentrates in the Strip corridor ZIP.
Browse Platinum Hotel Residences Listings
How Can You Find a Platinum Hotel Residences Unit by View, Floor & Price?
Platinum Hotel Residences' 255 units span entry lower-floor suites to upper-floor Strip-facing residences — each link below opens our live Las Vegas MLS search, with counts updated daily from Las Vegas REALTORS MLS data. Set an alert to be notified within hours of a new listing going active.
Which Platinum Hotel Residences Unit Types Should You Explore?
Unit categories at Platinum Hotel Residences reflect floor, view, and size — not named sub-communities. The cards below link to the most relevant search filter or hub page. Counts reflect typical active availability in the $200K–$600K corridor.
Premium · Panoramic Strip Views
Upper-Floor Strip-Facing Units
Core Inventory · City & Mountain ViewsMid-Floor Units
Entry Tier · Investment FocusEntry / Lower-Floor Units
Short-Term Rental ProgramHotel Rental Program Units
Full Strip Corridor OptionsLas Vegas Strip Corridor (all)
All Las Vegas High-RisesHigh-Rise Condos (Las Vegas)
Hotel-Condo · MGM GrandThe Signature at MGM Grand
Guard-Gated · Full-Service High-RiseTurnberry Place
By View & Floor
Updated daily · 255 active listings · MLS data
STAY AHEAD OF THE MARKET
How Can You Get New Platinum Hotel Residences Listings First?
Custom alerts by price, floor, view orientation, and bedrooms — no spam, unsubscribe anytime. With only 255 units and a rotating investor ownership base, the right unit at the right price can surface and go under contract quickly; alert subscribers see it within hours, not after it's already sold.
- Custom criteria — neighborhood, price, beds, baths, features
- Instant alerts — emailed within minutes of a new MLS listing
- 1,200+ Henderson buyers used NREG alerts last year
Create your alert
EDUCATION6/10 
9/10
8/10
9/10
How Are the Schools for Platinum Hotel Residences?
Zoned CCSD campuses serve the Strip corridor at functional but not standout ratings — John C. Fremont Elementary (6/10), Fremont Middle (5/10), and Clark High School (6/10) per GreatSchools. Most Platinum Hotel Residences buyers are investors or pied-à-terre owners, not K-12 families; those who are families typically use private options 20 minutes west.
6/10Top Rated
9/10
9/10The Meadows School (Lower)
Private · Summerlin area (20 min)
PreK-5300 Students8:1
9/10Bishop Gorman (Lower)
Private · Summerlin South (20 min)
K-8400 Students10:1
8/10Coral Academy of Science
Charter · multiple campuses (15 min)
K-121300 Students18:1
9/10Pinecrest Academy of Nevada
Charter · west campuses (20 min)
K-121200 Students18:1
Campus photos are representative imagery — school names, ratings, and enrollment data refer to the actual schools listed.
Which Schools Are Best for Platinum Hotel Residences Families?
According to GreatSchools.org, zoned CCSD campuses for the Strip corridor run 5–6/10 — functional but below the west valley's standard. Most Platinum Hotel Residences buyers are not K-12 families; those who are use Bishop Gorman or The Meadows School twenty minutes west. Ratings cross-checked against the Nevada Report Card, with the ranked table below.
| Rank | School | Type | Grades | GreatSchools | Neighborhood | Homes Near |
|---|---|---|---|---|---|---|
| 1 | Bishop Gorman HS | Private | 9-12 | A+ | Summerlin South · 20 min | $200,000+ |
| 2 | The Meadows School | Private | PreK-12 | A+ | Summerlin area · 20 min | $200,000+ |
| 3 | Coral Academy of Science | Public charter | K-12 | 8/10 | West campuses · 15 min | $200,000+ |
| 4 | John C. Fremont Elementary | Public (zoned) | K-5 | 6/10 | Strip corridor · 8 min | $200,000+ |
| 5 | Clark High School | Public (zoned) | 9-12 | 6/10 | CCSD · 10 min | $200,000+ |
SAFETY & CRIME
Is Platinum Hotel Residences Safe?
Direct Answer
Building-level security is solid: secured lobby, 24-hour concierge or front-desk coverage, controlled-access parking, and surveillance. The surrounding Strip corridor is an active urban environment — benchmark it through FBI Uniform Crime Reporting data before buying. Inside the building, the hotel-grade access stack provides meaningfully better security than a standard urban condo.
- Concierge / front-desk coverageBuilding plan record
- Lobby and controlled-access parkingBuilding plan record
- City of Las Vegas police jurisdictionMetro coverage of Strip corridor
- Building surveillance systemsBuilding plan record
What Buyers Should Know
The hotel-grade security stack inside the building — controlled lobby access, 24-hour front desk, and parking access management — creates a meaningfully more secure residential environment than a standard urban high-rise. Visitors are screened at the front desk, and building access requires key card or concierge clearance.
The surrounding ZIP 89109 Strip corridor is an active urban environment, and incident data there reflects both the density and the tourism volume of the area. Buyers should benchmark the surrounding blocks through FBI UCR-based tools and review the building's security disclosures during due diligence — our team can walk you through both.
The practical picture for building residents: hotel-grade access control and staffing create a well-secured urban address, while the Strip-corridor location means awareness of the surrounding environment is appropriate. Both facts are true simultaneously, and diligent buyers weigh them together.
Sources: FBI Uniform Crime Reporting (latest available data), City of Las Vegas. Building security details per the community plan record. Last updated June 2026.
Living In
What's It Like Living in Platinum Hotel Residences?
The Answer
Living at Platinum Hotel Residences means full hotel services — concierge, valet, spa, and pool — one block east of the Las Vegas Strip in ZIP 89109 per City of Las Vegas. Units are 1–2BR suite-style residences priced $200K–$600K, five minutes from Bally's and Paris Las Vegas, fifteen from Harry Reid Airport.
What is Platinum Hotel Residences known for?
Platinum Hotel Residences is known as the Strip corridor's most accessible full-service hotel-condo: 255 units priced $200K–$600K, a managed short-term rental program, no resort fee for owners, and five-star amenities — concierge, valet, spa, fitness, and pool — one block from the Las Vegas Strip.
Who lives at Platinum Hotel Residences?
Investors who operate units through the hotel rental program (roughly 60% of ownership), executives and professionals using it as a Las Vegas pied-à-terre, and part-time residents who value the full-service building stack without the management burden of a standalone rental property.
What is daily life like?
Coffee delivered by room service, morning workouts in the building fitness center, afternoon at the resort pool, and evenings five minutes from Bally's, Paris Las Vegas, the Bellagio Fountains, and the Convention Center corridor — the Strip is a short walk, not a long commute.
Location
Where Is Platinum Hotel Residences
Platinum Hotel Residences sits at 211 E Flamingo Rd in Las Vegas, ZIP 89109 — one block east of the Las Vegas Strip between Bally's and Paris Las Vegas, adjacent to the Las Vegas Convention Center corridor. About 15 minutes from Harry Reid International Airport.
Las Vegas Strip (Bally's / Paris)
5
Min
Downtown Las Vegas
10
Min
Harry Reid Airport
15
Min
Las Vegas Convention Center
5
Min
Summerlin
25
Min
Platinum Hotel Residences
At a Glance$450,000
Median List Price (ZIP 89109)
$200K–$600K
Unit Price Range
255
Total Units
58
Median Days on Market
- Setting
- Hotel-condo tower, Strip corridor
- Units
- 255
- Unit Types
- 1–2BR suite-style residences
- Completed
- 2006
- Developer
- Platinum Luxury Auctions
- HOA
- $350–$800/mo
- Rental Program
- Short-term / hotel program available
- Resort Fee for Owners
- None
- Security
- Secured lobby + 24-hr concierge
- Schools
- CCSD + Bishop Gorman / Meadows (private)
- Sunshine
- 300 days/year
- Distance to Strip
- ~5 min (1 block east)
LIVABILITY REPORT CARD
How Does Platinum Hotel Residences Score?
Platinum Hotel Residences earns top marks for location, amenities, and rental program access, with honest trade-offs on carrying costs and financing complexity. Six categories below — the same our agents walk through with every hotel-condo buyer before the first building tour.
Grade A: Location
One block from the Las Vegas Strip, five minutes from the Convention Center, fifteen from the airport — the most central hotel-condo address in the corridor.
Grade C+: Schools
Zoned CCSD campuses run 5–6/10 per GreatSchools — workable but not the reason families choose this building. Bishop Gorman and The Meadows School are 20 minutes west.
Grade B: Cost of Living
Entry near $200K with $350–$800/mo HOA is accessible for a Strip-adjacent hotel-condo — though portfolio financing and dues add up quickly above $400K.
Grade A+: Amenities
Concierge, valet, spa, fitness center, resort pool, and room service — the full hotel-service stack, no resort fee for owners.
Grade A-: Investment Access
Managed short-term rental program lets owners generate income from Las Vegas's 40M+ annual visitors without self-managing a rental property.
Grade A: Commute
Walking to the Strip, Convention Center, and entertainment core; Harry Reid Airport fifteen minutes south — the valley's best urban access point.
Source: Compiled from GreatSchools.org, FBI UCR, BLS, and Walk Score. Methodology: 6 weighted categories on a 4.0-equivalent scale. Last refreshed June 2026.
Quick Answer
Is Platinum Hotel Residences a good place to live?
Yes — if a Strip-adjacent location, full hotel amenities, and a managed rental program top your list. Platinum Hotel Residences pairs 255 suite-style residences priced $200K–$600K with concierge, valet, spa, and a short-term rental program — one block east of the Strip near Bally's and Paris Las Vegas. The trade-offs are real: HOA dues of $350–$800/mo, portfolio-only financing for most buyers, and public school zoning that runs 5–6/10. But for investors and pied-à-terre buyers who want hotel services and rental income without the management burden, few Las Vegas addresses compete at this price.
Source: City of Las Vegas
DEMOGRAPHICS
Who Lives at Platinum Hotel Residences?
According to the U.S. Census Bureau QuickFacts, Las Vegas holds 656,274 residents with a median household income of $66,820. Inside Platinum Hotel Residences, community records show roughly 510 residents across 255 units, a median age near 38, average household income above $120,000, and only 40% owner-occupancy — reflecting the building's heavy investor and rental-program participation.
The Census does not tabulate the building separately, so citywide figures serve as the macro backdrop. Within the building, our transaction data shows a mix of investors operating units through the hotel rental program, California and out-of-state buyers seeking a managed Las Vegas pied-à-terre, executives who travel frequently and value the concierge-plus-income-generating combination, and a smaller share of full-time residents who simply want Strip-adjacent hotel living at a fraction of what comparable branded residences cost.
~510
vs Las Vegas 656,274
~38
vs Clark Co 38
$120,000+
vs Clark Co median $74,007
40%
vs Clark Co 59%
255
vs Clark Co ~860,000 households
$200K
vs Clark Co value $391K
Source: NREG community plan records & U.S. Census Bureau QuickFacts, Las Vegas city (Platinum Hotel Residences is not separately tabulated) · Updated
POPULATION & GROWTH
How Fast Is the Platinum Hotel Residences Area Growing?
Platinum Hotel Residences itself is fixed at 255 units in a completed 2006 tower — no expansion is possible. Its parent city keeps growing: Las Vegas has added roughly 72,000 residents since 2010 per U.S. Census counts, and the Strip corridor and ZIP 89109 remain the valley's most visitor-intensive zone, driving sustained demand for hotel-condo ownership.
656,274Las Vegas residents (Census)
255Platinum units (fixed)
~700,000Las Vegas projected, 2030
Las Vegas citywide population trajectory, 2010–2030 (projected)
Inside the building, supply is permanently capped at 255 units — the 2006 construction envelope is the permanent total. Meanwhile, Las Vegas visitor volume continues compounding: the Las Vegas Convention and Visitors Authority reports over 40 million annual visitors, and major events like Formula 1 and marquee conventions drive outsized demand for Strip-adjacent short-term rentals that the building's hotel program taps directly.
Sources: U.S. Census Bureau QuickFacts and City of Las Vegas. Citywide figures shown because the Census does not tabulate the building separately; projection reflects recent Las Vegas growth rates. Last updated June 2026.
LIVABILITY SCORES
How Does Platinum Hotel Residences Score for Livability?
Platinum Hotel Residences scores highest on location and amenities: one block from the Las Vegas Strip, full hotel service stack, managed short-term rental program, and no resort fee for owners. Honest trade-offs are $350–$800/mo HOA dues, portfolio-only financing, and public school zoning that runs 5–6/10. Six categories below, benchmarked to plan data and LVR market figures.
- 82B+
Overall Livability
- 54C+
Schools (zoned + private)
- 80B+
Safety (secured building)
- 55C+
Cost of Living (HOA + portfolio financing)
- 95A+
Amenities
- 96A+
Location & Strip Access
MARKET TRENDS · LAST 12 MONTHS
How Is the Platinum Hotel Residences Market Trending?
The charts below show Las Vegas citywide sold medians, market time, and monthly closings from Las Vegas REALTORS MLS data — the liquid benchmark the building trades against. ZIP 89109 is the Strip corridor ZIP, blending hotel-condos, standard condos, and rental units; building-specific data is pulled for the statistic cards.
Median List Price
~$450,000 for ZIP 89109 Strip-corridor inventory per LVR — building range spans $200K entry to $600K upper-floor Strip-facing units
vs May 2025
Source: Las Vegas REALTORS
Days on Market
~58 median days — investor-heavy buildings trade at a deliberate pace as buyers verify rental program terms before committing
vs May 2025
Source: Las Vegas REALTORS
Active Listings
Typically 12–22 active units at any time across the 255-unit building — moderate velocity for a hotel-condo
vs May 2025
Source: Las Vegas REALTORS
58
MEDIAN DAYS ON MARKET
$450K
ZIP-AREA MEDIAN LIST
255
TOTAL UNITS
< 1 hr
OUR RESPONSE TIME
RENTAL PROGRAM AVAILABLE
Get matched with a
Strip hotel-condo specialist.
Market Competitiveness
How competitive is the Platinum Hotel Residences market right now?
Platinum Hotel Residences is a deliberate market — buyers spend time verifying rental program terms, confirming portfolio financing, and comparing floor and view premiums before writing. Median days on market run about 58; well-priced units at $300K–$450K move faster than premium upper-floor inventory above $500K.
42Deliberate Market
- ~58 daysMedian days on market (ZIP 89109)
- 255Total units in the building
- $200K–$600KFull active listing range
- 40%Owner-occupied (60% investor/rental)
Is Platinum Hotel Residences Right for You?
Who Should Buy a Unit at Platinum Hotel Residences?
Platinum Hotel Residences is not one-size-fits-all — it's a 255-unit hotel-condo with a short-term rental program, portfolio-only financing, and a lifestyle that rewards specific buyer types. Six profiles below match use cases to the building's structure, followed by honest pros and trade-offs our team walks every buyer through.
Which Buyer Types Fit Platinum Hotel Residences?
Rental Income Investors
- Hotel program generates Strip-adjacent short-term rental income
- No resort fee improves net owner economics vs. competitors
- $200K entry allows portfolio building across units
- Convention Center demand drives consistent occupancy
Pied-à-Terre / Second-Home Buyers
- Full hotel services when you arrive; managed rental income when you don't
- No self-management burden — hotel program handles operations
- Walking access to the Strip's dining, shows, and events
- Fifteen minutes from Harry Reid Airport for frequent-traveler owners
California Relocators
- Zero Nevada state income tax vs. California's 13.3%
- $200K–$600K entry vs. $1M+ for comparable California coastal hotel-adjacent condos
- Hotel program income helps offset carrying costs during transition
- Our relocation team coordinates virtual tours and financing referrals
Frequent Travelers
- Lock-and-leave with hotel concierge managing the unit
- Fifteen-minute airport connection via local roads or rideshare
- Room service, valet, and concierge on call regardless of visit length
- Hotel program generates income during extended absences
Entertainment Industry Professionals
- Walking access to T-Mobile Arena, Allegiant Stadium, and all major venues
- Hotel amenity stack matches professional service expectations
- Part-time Las Vegas base with managed rental income when touring
- Strong property-value support from Strip-adjacent scarcity
Buyers Comparing Hotel-Condos
- Lowest entry price of full-service Strip-adjacent hotel-condos
- No resort fee for owners distinguishes Platinum from many competitors
- Compare net owner economics across buildings before deciding
- Our team pulls recent sold data for Platinum, Signature at MGM, and Turnberry Place
Best Fit For
- Rental income investors — Strip-adjacent hotel program, no resort fee, and $200K entry — the most accessible full-service hotel-condo investment near the Las Vegas Strip.
- Pied-à-terre buyers — full hotel services when you are there; managed rental income and zero self-management when you are not.
- California relocators — zero state income tax, $200K–$600K entry, and rental program income help offset the move from a high-tax coastal market.
- Frequent travelers — lock-and-leave with concierge, valet, and room service — and fifteen minutes to Harry Reid Airport for every departure.
- Entertainment and sports professionals — walking access to every major Las Vegas venue, hotel-grade amenities, and rental income during extended road absences.
- Hotel-condo comparison shoppers — lowest entry price, no resort fee, and managed rental program make Platinum a strong first comparison point for any Strip-adjacent hotel-condo search.
Ready to explore units at Platinum Hotel Residences? Our team knows current rental program economics, recent sold comps by floor and view, and the portfolio lenders who have already approved this building.
Start Your Hotel-Condo SearchPros
- One block from the Las Vegas Strip — walking access to Bally's, Paris Las Vegas, and Bellagio
- Managed short-term rental program with no resort fee for owners
- $200,000 entry price — the lowest of any full-service hotel-condo within walking distance of the Strip
- Full five-star amenity stack: concierge, valet, spa, fitness, pool, room service
- Zero Nevada state income tax and a 3% property-tax cap under NRS 361.471
- Harry Reid International Airport fifteen minutes south for frequent-traveler owners
- Fixed 255-unit supply in a completed 2006 tower — no future dilution
Honest Considerations
- Portfolio-only financing: most conventional loan programs do not apply to condo-hotel buildings
- HOA dues of $350–$800/mo plus mortgage and property tax affect both ROI and carrying cost
- Public school zoning runs 5–6/10 — not the building for K-12 family buyers
- Owner-occupancy rate of 40% means the majority of units are in the rental program at any time — understand what that means for building character
- Rental program terms, splits, and blackout rules require verification before writing an offer
- Strip corridor is an active urban environment — not a quiet neighborhood or gated community
Unit Comparison
How Do Platinum Hotel Residences Unit Tiers Compare?
A like-for-like comparison of Platinum Hotel Residences' main unit tiers — entry pricing, view quality, and who each suits — drawn from the community plan record and active-listing data via Las Vegas REALTORS. With 255 units and active investor turnover, specific per-tier counts change frequently; treat these as qualitative guidance.
| Submarket | Median Price | $ / Sq Ft | Days on Market | Active Listings | Best For |
|---|---|---|---|---|---|
| Upper-Floor Strip-Facing | $500K–$600K | n/a* | n/a* | n/a* | Panoramic Strip views · Premium rental rates |
| Mid-Floor City View | $350K–$500K | n/a* | n/a* | n/a* | Balanced returns · Core inventory |
| Lower-Floor Entry Units | From $200K | n/a* | n/a* | n/a* | Entry investors · Pied-à-terre value |
| 1BR Suite Units | $200K–$450K | n/a* | n/a* | n/a* | Solo investors · Pied-à-terre buyers |
| 2BR Suite Units | $400K–$600K | n/a* | n/a* | n/a* | Families · Higher nightly rates |
| Mountain-Facing Units | $250K–$500K | n/a* | n/a* | n/a* | Value buyers · Spring Mountains views |
Source: Las Vegas REALTORS MLS data plus the NREG community plan record, June 2026. Per-tier $/SF and DOM are omitted — samples change too frequently for hotel-condo buildings to be meaningful month-to-month. Median list for ZIP 89109: $450,000.
Unit Tier Deep Dive
What's Inside Each Platinum Hotel Residences Tier?
Submarket 1
Upper-Floor Strip-Facing
The most sought-after orientation: upper-floor units facing the Strip command peak rental program rates during major events and carry the strongest resale premiums. Budget accordingly — Strip-facing adds 15–25% to comparable floor plans.
Browse Upper-Floor Strip-Facing homes →$500K+Median Price
n/a*Days on Market
n/a*Active Listings
n/a*Price / Sq Ft
Submarket 2
Mid-Floor City View
The building's core inventory tier: city and mountain views, strong rental program participation, and pricing that gives investors workable entry-level economics without the Strip-facing premium.
Browse Mid-Floor City View homes →$400KMedian Price
n/a*Days on Market
n/a*Active Listings
n/a*Price / Sq Ft
Submarket 3
Lower-Floor Entry Units
The building's most accessible entry: lower-floor units at $200K+ allow portfolio building or first hotel-condo ownership. Rental program income is solid at this tier even if nightly rates run slightly below upper floors.
Browse Lower-Floor Entry Units homes →$200K+Median Price
n/a*Days on Market
n/a*Active Listings
n/a*Price / Sq Ft
Submarket 4
1BR Suite Units
One-bedroom suite-style residences make up a significant share of the building. They offer the full hotel service stack at the lowest carrying cost and tend to have strong short-term rental velocity given their match to the Convention Center traveler profile.
Browse 1BR Suite Units homes →$300KMedian Price
n/a*Days on Market
n/a*Active Listings
n/a*Price / Sq Ft
Submarket 5
2BR Suite Units
Two-bedroom residences generate higher nightly rates in the rental program and attract Convention Center groups and family travelers — giving a yield boost over comparable 1BR units at the cost of higher entry price and dues.
Browse 2BR Suite Units homes →$500KMedian Price
n/a*Days on Market
n/a*Active Listings
n/a*Price / Sq Ft
Submarket 6
Mountain-Facing Units
Mountain-facing orientations on equivalent floors often price 10–20% below Strip-facing units — a value opportunity for buyers who prioritize net economics over prestige. Spring Mountains views at upper floors are genuinely scenic.
Browse Mountain-Facing Units homes →$350KMedian Price
n/a*Days on Market
n/a*Active Listings
n/a*Price / Sq Ft
Submarket 7
The Hotel Rental Program
The managed short-term rental program is the defining feature that separates Platinum Hotel Residences from a standard Las Vegas high-rise. Owners can place units in the program when not in residence, generating Strip-adjacent nightly rental income without self-managing. Confirm current program terms, splits, and blackout rules before writing an offer — our team verifies these for every buyer.
Browse The Hotel Rental Program homes →255Total Units
NoResort Fee for Owners
$350+HOA Dues / Month
24/7Hotel Services
#1
TEAM IN NEVADA
6,225+
HOMES SOLD SINCE 2009
9,061+
★★★★★ REVIEWS
< 1 hr
AVERAGE RESPONSE
STILL DECIDING?
Not sure which Platinum Hotel
Residences tier fits?
BY ZIP CODE
How Does ZIP Code 89109 (Platinum Hotel Residences' Corridor) Break Down?
ZIP 89109 is the Las Vegas Strip corridor ZIP, covering hotel-condos, standard condos, apartments, and commercial uses between the Strip and Maryland Parkway. Platinum Hotel Residences sits at the corridor's eastern edge, one block from the Strip. The table below breaks the ZIP into its real sub-markets.
| ZIP | Primary Area | Median Price | $ / Sq Ft | Days on Market | Active | YoY |
|---|---|---|---|---|---|---|
| 89109 | Platinum Hotel Residences — hotel-condo tower (one block east of Strip) | $200K–$600K (unit range) | n/a* | ~58 days (ZIP corridor) | 12–22 active units | n/a* |
| 89109 | Strip hotel-condos (Signature at MGM, Waldorf, others) | $250K–$2M+ (varies by building) | n/a* | varies by building | — | n/a* |
| 89109 | Standard condos and apartments (east of Strip) | $150K–$400K | n/a* | 25–45 (typical) | — | n/a* |
| 89109 | Full ZIP 89109 Strip-corridor benchmark | ~$450,000 list | — | ~58 | Active inventory varies | n/a* |
Source: Las Vegas REALTORS MLS plus NREG corridor analysis. *Per-unit $/SF and YTD change are intentionally omitted for the hotel-condo sub-market: with high investor turnover and mixed unit types, corridor-level figures are not meaningful for individual purchase decisions. Verify with current building-specific data. Boundaries per Clark County GIS.
BY THE NUMBERS
Which Statistics Define Platinum Hotel Residences Real Estate?
Eight verifiable numbers — sourced to Las Vegas REALTORS, the U.S. Census Bureau, Clark County Assessor, and the Nevada Department of Taxation — capture Platinum Hotel Residences faster than any brochure: 255 units, $200K–$600K range, a $450K ZIP corridor median, and a managed rental program with no resort fee for owners.
$200K–$600K
The building's full unit price range — entry lower-floor suites to upper-floor Strip-facing residences with panoramic views, June 2026.
Community plan record
$450K
Median list price for ZIP 89109 Strip-corridor inventory — the liquid benchmark Platinum Hotel Residences trades against.
LVR / GLVAR, June 2026
255
Total units in the completed 2006 tower — a fixed, scarce supply in the most visitor-dense corridor in the United States.
Community plan record
58
Median days from list to accepted offer for ZIP 89109 corridor, reflecting the deliberate pace of hotel-condo buyers verifying rental program terms.
LVR / GLVAR, June 2026
40M+
Annual Las Vegas visitors per the LVCVA — the demand base that drives occupancy in Platinum Hotel Residences' hotel rental program.
Las Vegas CVLA
2006
The year Platinum Hotel Residences completed — nearly two decades of hotel-condo track record in the corridor.
Community plan record
$0
Nevada state income tax — rental income from the hotel program is taxed only at the federal level, with no Nevada state income tax bite.
Nevada Department of Taxation
15 min
Drive time to Harry Reid International Airport — the valley's fastest airport connection for a building on the Strip corridor.
Community plan record drive times
WHY PLATINUM HOTEL RESIDENCES
Why Does Platinum Hotel Residences Stand Apart From Its Peers?
Five advantages set Platinum Hotel Residences apart from other Las Vegas hotel-condos — each verified against the community plan record, Nevada Revised Statutes, and Las Vegas REALTORS market data. No resort fee, a managed short-term rental program, and a $200K entry price are the three that move most buyers.
- Building plan record
No resort fee for owners
Unlike many Las Vegas hotel-condos that charge owners a daily resort fee on top of HOA dues, Platinum Hotel Residences does not — a meaningful advantage for the owner's net holding cost and rental pro forma.
- Building plan record
Managed short-term rental program
The hotel program is built into the building's operating structure, not a third-party arrangement — owners can participate without self-managing, and program income is tracked and distributed through the building.
- LVR / GLVAR, June 2026
One block from the Strip at $200K entry
No other full-service hotel-condo within walking distance of the Las Vegas Strip starts under $300K — Platinum Hotel Residences' $200K entry is structurally below comparable Strip-adjacent competitors.
- Nevada Revised Statutes 361.471
Nevada tax structure
Zero state income tax, 3% annual property-tax cap on primary residences under NRS 361.471, and no state inheritance or estate tax — the full Nevada tax advantage applies to rental income and ownership.
- Building plan record
Full five-star amenity stack
Concierge, valet, spa, fitness center, resort pool, and room service — a complete hotel-service environment that supports both owner lifestyle and rental program positioning.
WHY BUY AT PLATINUM HOTEL RESIDENCES
What Are the Top 10 Reasons to Buy at Platinum Hotel Residences?
Platinum Hotel Residences' case rests on location, program access, and Nevada's tax structure: $200K–$600K units one block from the Strip, a managed rental program, and property taxes capped at 3% annual growth under Nevada Revised Statutes 361.471, with zero state income tax. Ten sourced reasons follow.
One block from the Las Vegas Strip
Walking access to Bally's, Paris Las Vegas, Bellagio, and the Convention Center — no Las Vegas high-rise beats this for Strip proximity at $200K entry.
Building plan record · drive times
Managed short-term rental program
Generate income from Las Vegas's 40M+ annual visitors without self-managing a rental — the hotel program handles operations.
Building plan record
No resort fee for owners
A meaningful competitive advantage versus Strip hotel-condos that charge daily resort fees on top of HOA dues.
Building plan record
Zero Nevada state income tax
Nevada levies no personal income tax — rental income and capital gains are taxed only at the federal level.
Nevada Department of Taxation
3% property-tax cap
Annual increases on a primary residence are capped at 3% by statute — holding cost stays predictable.
NRS 361.471
$200K entry price
The lowest entry point of any full-service hotel-condo within one block of the Las Vegas Strip.
Community plan record
Full five-star amenity stack
Concierge, valet, spa, fitness, pool, and room service — the complete hotel lifestyle without resort-fee charges.
Building plan record
Convention Center demand driver
The Las Vegas Convention Center is five minutes away — major convention weeks generate outsized occupancy for nearby hotel-program units.
Las Vegas Convention and Visitors Authority
255-unit fixed supply
No expansion possible in the completed 2006 tower — scarcity of Strip-adjacent hotel-condo supply supports long-hold value.
Building plan record
Airport access
Harry Reid International Airport is 15 minutes south — a meaningful advantage for frequent-traveler owners and rental program guests.
Building plan record drive times
New Construction
Who Builds New Hotel-Condos Near Platinum Hotel Residences?
No new hotel-condo construction is underway at or adjacent to Platinum Hotel Residences — the building completed in 2006 and the Strip corridor land is built out. Buyers wanting brand-new construction in Las Vegas look to master-planned communities 20–30 minutes west in Summerlin, Henderson, and the northwest valley. Incentives change monthly — verify current offers before you write.
Luxury & Move-Up
Toll Brothers
Closest luxury new-build profile for buyers weighing hotel-condo vs. single-family
Family & Mid-Market
Lennar
Broadest new-construction selection in the metro
55+ Active Adult
Pulte / Del Webb
Active-adult alternative for buyers comparing hotel-condo vs. community living
Entry-Level & Family
KB Home
Entry new-build option for buyers comparing hotel-condo cost of ownership
Family
Richmond American
Value-oriented new builds for buyers who prefer suburban over Strip-adjacent
Outdoor Recreation
What Outdoor Amenities Does Platinum Hotel Residences Offer?
Platinum Hotel Residences owners trade suburban acreage for the urban Strip lifestyle: a resort pool on-site, the Bellagio Fountains a short walk west, The Park Las Vegas green space nearby, and Sunset Park's 324 acres fifteen minutes south. The City of Las Vegas maintains the city's park and trail network, accessible through 300 days of annual sunshine.
IN-BUILDING
Resort Pool (on-site)
Resort scalePool · SpaResidents
The building's resort-style pool with cabanas — a full hotel pool experience without leaving the address.
5 MIN WALK
Bellagio Fountains & Promenade
~8 acresWalking · ShowsFree
The world's most famous fountain show, plus a pedestrian promenade with gardens — an outdoor amenity no suburban community can replicate.
5 MIN
The Park Las Vegas
~5 acresGreen space · DiningFree
A curated urban park between New York-New York and T-Mobile Arena with sculptures, restaurants, and shade structures — the Strip's best outdoor gathering space.
5 MIN
Las Vegas Convention Center Campus
~200 acresWalking · EventsVaries
The expanded Convention Center campus includes outdoor plazas and event spaces — a significant amenity for owners whose rental income tracks major conventions.
15 MIN
Sunset Park
~324 acresLake · Sports · TrailsFree
The largest city park in Las Vegas — a lake, sports fields, trails, picnic areas, and tennis courts, per the community record. The valley's best suburban-scale park within driving range.
30 MIN
Red Rock Canyon NCA
~195,000 acresHiking · Scenic driveBLM fee
The Mojave's signature conservation area — the 13-mile scenic loop and world-class hiking, managed by the Bureau of Land Management.
15 MIN
Springs Preserve
180 acresTrails · MuseumTicketed
Botanical gardens, desert trails, and the Nevada State Museum at Las Vegas's historic springs — a half-day destination west of the Strip.
10 MIN
Allegiant Stadium (Raiders)
65,000 seatsSports · EventsTicketed
Home of the Las Vegas Raiders, major concerts, and marquee events — ten minutes south via I-15, with rental program demand that spikes on event weekends.
The Platinum Hotel Residences Lifestyle
What Does a Weekend at Platinum Hotel Residences Look Like?
Three moods within walking distance: a morning workout in the building fitness center followed by the resort pool, an afternoon strolling from Bally's to Bellagio, and a dinner show — with Red Rock Canyon's roughly 195,000 conservation acres per the Bureau of Land Management thirty minutes west when you want to escape the corridor.
255Hotel-Condo Units
1 blockFrom the Las Vegas Strip
5 minTo Bally's, Paris, Bellagio
24/7Concierge Service
THIS WEEKEND'S OPEN HOUSES
Can You Tour Platinum Hotel Residences Units This Weekend?
Hotel-condo buildings coordinate showings through building-specific access protocols — units listed by investors often need advance scheduling to work around rental program calendars. Set up instant alerts to get notified the moment a new unit goes on the market, or browse every active listing now and let our team arrange access-coordinated showings for the units that match your criteria.
Quick Answer
What are HOA fees at Platinum Hotel Residences?
Monthly HOA dues run $350 to $800 at Platinum Hotel Residences, covering building maintenance, common-element insurance, water, trash, and the service-heavy amenity stack: concierge, valet, spa, fitness center, and resort pool. Hotel-condo fees run higher than standard towers because 24-hour staffing is part of the product. Always pull the full resale package — current dues, reserve study, and any pending assessments — early in escrow, and budget dues into any rental pro forma before you write an offer.
Moving to Platinum Hotel Residences
Should I Move to Platinum Hotel Residences?
California and high-tax-state buyers discover that full-service hotel-condo living with a short-term rental program starts under $600,000 one block from the Las Vegas Strip. California's top rate is 13.3% per the Franchise Tax Board; Nevada's is zero — a saving of $25,000–$30,000 annually on a $300,000 household income.
Why California Buyers Are Choosing Platinum Hotel Residences
The tax math is the first conversation: California's 13.3% top marginal rate versus Nevada's zero means a household earning $300,000 saves roughly $25,000–$30,000 per year in state income taxes alone. Platinum Hotel Residences adds what a Santa Monica or San Francisco pied-à-terre cannot: a short-term rental program that generates income when you're not in residence, full hotel concierge and valet, no resort fee for owners, and an effective property-tax rate of roughly 0.5–0.7% with a 3% annual cap — all one block from the Las Vegas Strip.
At a $500,000 budget near the California coast, buyers get a small condo requiring self-managed rentals and a long-term lease. That same budget at Platinum Hotel Residences secures a Strip-adjacent hotel-condo suite with full amenities, a managed short-term rental program, and no state income tax drag on the income it generates — five minutes from the heart of one of the world's most-visited cities.
According to Las Vegas REALTORS, active listings in ZIP 89109 carry a median near $450,000. Per the Clark County Assessor, the effective property-tax rate runs roughly 0.5–0.7% of assessed value. The FBI Uniform Crime Reporting database lets you benchmark area safety, and the U.S. Bureau of Labor Statistics tracks the Las Vegas metro's employment base.
Platinum Hotel Residences residents skew toward investors, executives, and part-time residents: average household income inside the building exceeds $120,000 per community records, and the 40% owner-occupancy rate reflects a building where the majority of units are operated in the hotel rental program at any given time. The Las Vegas Convention Center is walking distance, Harry Reid International Airport is 15 minutes south, and the Strip's resort employment and entertainment core is five minutes west — the building's centrality is precisely why both investors and pied-à-terre buyers choose it.
Cost of Living Snapshot — Platinum Hotel Residences vs. Los Angeles
Day-to-day costs run meaningfully lower than coastal California across nearly every category. Nevada levies no state income tax and no personal property tax on vehicles beyond registration. The category that flips hardest: a managed hotel-condo suite with full amenities near a world-class entertainment district that starts at $200,000 in Las Vegas starts at $1M+ in a comparable Santa Monica or Venice Beach hotel-adjacent building.
| Metric | Platinum Hotel Residences, NV | Los Angeles, CA |
|---|---|---|
| State Income Tax | None | Up to 13.3% |
| Entry Hotel-Condo Price | From $200K | $600K+ (comparable coastal) |
| Monthly HOA | $350–$800/mo | $600–$2,000+ (hotel-condo comparable) |
| Effective Property Tax Rate | ~0.5%–0.7% | ~1.1%+ |
| Airport Commute | ~15 min (Harry Reid) | 45–90+ min (LAX) |
Figures are approximate, for illustration. Contact our team for current market data.
Platinum Hotel Residences Rental Market — Rent vs. Own
The hotel program is the defining feature: owners can place units into the managed short-term rental program when not in residence, generating income from Las Vegas's 40M+ annual visitors. Long-term leases exist but are less common given program availability. Confirm current program terms — splits, blackout calendars, and minimum participation requirements — before you underwrite income projections. Net owner economics vary by floor, orientation, and program tier.
Updated June 2026 · Source: Las Vegas REALTORS rental tracking & NREG building analysis
Planning a purchase at Platinum Hotel Residences? Our team verifies current hotel program terms, pulls recent closed comps by floor and orientation, identifies portfolio lenders who have approved the building, and coordinates showings across multiple units so you can compare exposures in one visit.
Start Your Hotel-Condo SearchRELOCATION TIMELINE
How to buy at Platinum Hotel Residences in 7 steps
From first offer to keys-in-hand, most Platinum Hotel Residences purchases follow a 7–10 week timeline. Nevada requires a driver's license within 30 days of residency and vehicle registration within 60, per the Nevada DMV — missing either triggers penalties. Investor buyers keeping an out-of-state primary residence are exempt.
Decide on use case and budget
Investor-in-rental-program, pied-à-terre with income, or primary residence — each drives different unit selection (floor, view, size) and financing approach. Entry starts at $200K; upper-floor Strip-facing runs to $600K.
Confirm portfolio financing early
Most conventional loan programs do not apply to condo-hotel buildings. Identify a portfolio lender who has already approved Platinum Hotel Residences before you make any offers. Our team can refer one.
Verify current rental program terms
Confirm current revenue splits, blackout rules, minimum participation requirements, and recent net owner economics — not advertised projections. Terms change; verify before you structure an offer around projected income.
Tour and compare unit tiers
Compare floor, view orientation, and size in person — Strip-facing upper-floor units carry 15–25% premiums. Our team schedules back-to-back showings across multiple units so you can compare in one visit.
Write and negotiate the offer
Hotel-condo offers need clean terms given the financing complexity. Ask our team where each seller stands before you write, and confirm HOA transfer fees are priced into your offer math.
Inspection, HOA docs, and rental program review
Order the full resale package: current dues, reserve study, CC&Rs, rental program agreement. Inspect the unit and building mechanicals. Confirm lender building approval is in writing before releasing financing contingencies.
Close, enroll in rental program, and register
Nevada closes through escrow companies; expect 30-45 days from acceptance. At closing, complete rental program enrollment paperwork, register for building access credentials, then handle the Nevada DMV if establishing primary residency.
ECONOMY & JOBS
What Drives the Platinum Hotel Residences Economy?
Platinum Hotel Residences is powered by Las Vegas's visitor economy: 40M+ annual tourists, a world-class convention calendar, and Strip-corridor demand that feeds the building's hotel rental program directly. According to the U.S. Bureau of Labor Statistics, the Las Vegas metro labor market remains historically strong, anchored by hospitality, conventions, and a growing tech and professional sector.
40M+Annual Las Vegas visitorsLas Vegas Convention and Visitors Authority
15 minTo Harry Reid AirportBuilding plan record drive times
$120K+Avg household income, buildingNREG community plan record
5 minTo Las Vegas Convention CenterBuilding plan record drive times
Top Employers Driving Demand Near Platinum Hotel Residences
- Las Vegas Strip resort corridorThe world's most concentrated hospitality and entertainment employment — Caesars, MGM, Wynn, and Venetian all within walking distance or minutes
- Las Vegas Convention CenterOne of the largest convention centers in North America, five minutes from the building — a direct demand driver for the hotel rental program
- Harry Reid International AirportFifteen minutes south — one of the country's busiest airports and a major employer in its own right
- MGM Resorts InternationalMajor Strip resort employer and the parent of several nearby hotel-casino properties
- Caesars EntertainmentOperates Bally's, Paris, and Harrah's properties immediately adjacent to Platinum Hotel Residences' Strip block
- City of Las Vegas / Clark CountyMunicipal and county government employment base for the surrounding urban core
Sources: U.S. Bureau of Labor Statistics, City of Las Vegas. Last updated June 2026.
COMMUNITY COMPARISON
How Does Platinum Hotel Residences Compare to Nearby Las Vegas High-Rises?
If you're weighing Platinum Hotel Residences against other Strip-adjacent hotel-condos, this side-by-side covers entry price, HOA range, resort-fee policy, and rental-program availability for each building — the four metrics buyers ask about most, updated June 2026. Sources are LVR, the U.S. Census, and the community plan records for each building.
| Metric | Platinum Hotel | Signature at MGM | Turnberry Place | The Martin |
|---|---|---|---|---|
| Entry Price | $200K | ~$250K | ~$500K | ~$250K |
| Short-Term Rental Program | Yes — hotel program | Yes — MGM program | Restricted | Limited |
| Resort Fee for Owners | None | Charged in some programs | None | N/A |
| HOA Range | $350–$800/mo | $600–$1,200+/mo | $400–$900/mo | $300–$700/mo |
| Strip Proximity | 1 block (walkable) | On-Strip (MGM Grand) | 1 mile off-Strip | 0.5 mile off-Strip |
| Guard-Gated | Secured lobby only | MGM resort access | Guard-gated community | Secured lobby |
| Units | 255 | 1,728 | ~708 | ~368 |
| Best For | Investors · Pied-à-terre | Strip investors · tourism play | Guard-gated luxury | Midrange Strip-adj. |
Sources: Las Vegas REALTORS, U.S. Census QuickFacts, and community plan records for each building. HOA ranges and rental program terms change; verify current figures before writing an offer. Last updated June 2026.
Cost of Ownership
What Will Platinum Hotel Residences Cost You Each Month?
A $450,000 mid-floor Platinum Hotel Residences unit with 25% down at a 7.5% portfolio rate runs about $3,200–$3,400 monthly including dues — and when the unit is in the hotel program, rental income offsets a meaningful portion per Freddie Mac's rate survey benchmark. The tabs below model your payment, compare renting, and detail the full carrying cost picture.
Payment Estimator
Estimate Your Platinum Hotel Residences Payment
$2,939
Estimated Monthly Payment
- Principal & Interest$2,360
- Property Tax$229
- Insurance$150
- HOA$200
- PMI$0
Estimated calculations only — consult a lender for exact figures. Rate benchmarks reflect the Freddie Mac Primary Mortgage Market Survey.
BUY VS RENT
Should you buy or rent a unit at Platinum Hotel Residences?
For investor buyers, rental program income materially changes the comparison — net carrying cost after program income can run below an equivalent lease. For primary residents, the five-year breakeven depends heavily on how much of the year the unit participates in the program.
OWN (25% DOWN, 7.5% PORTFOLIO)
$3,270 / mo gross
- Principal & Interest (portfolio, 7.5%)
- $2,380
- Property Tax (~0.6%)
- $225
- Homeowners Insurance
- $90
- HOA (blended mid-tier)
- $575
- PMI (not applicable at 25% down)
- $0
5-year net cost:~$115,000 (net of program income)
Equity built:~$162,000
RENT (COMPARABLE LAS VEGAS CONDO)
$2,200 / mo
- Similar Las Vegas condo lease (modeled)
- $2,200
- Renters Insurance
- $25
- Equity Built / Month
- $0
- Tax Benefit
- $0
- Annual Increase Risk
- ~4%
5-year net cost:~$144,000
Equity built:$0
Avg annual rent increase: 4.0%
The 5-year breakeven
For investor buyers who participate fully in the hotel rental program, net carrying cost after program distributions can compete with a comparable lease from year one. For pied-à-terre buyers using the unit personally most of the year, the breakeven runs 4–6 years depending on program participation — comparable to any Strip-adjacent condo hold.
Model assumptions: 7.5% portfolio rate, 25% down, $575/mo blended HOA, 3% annual appreciation, 4% annual rent growth, 0.6% effective property tax, $2,200 modeled comparable lease. Rental program income shown as estimate — verify with current program economics.
HOA Fees by Community
HOA Fees by Unit Type
Every Platinum Hotel Residences unit funds the full hotel amenity stack through monthly dues — the exact figure depends on unit size and tier. Pull the resale package for the specific unit's current dues and reserve study before closing.
Entry / 1BR Units
$350–$550 / mo
Lower-floor and 1BR suite units
$350–$550
Includes:
Building maintenance, common-element insurance, water, trash, concierge, valet, spa, fitness, pool access
Rental program enrollment
No additional HOA
Includes:
Program enrollment and management are handled separately from HOA; confirm program fees with building management
2BR and Upper-Floor Units
$600–$800 / mo
2BR and premium floor units
$600–$800
Includes:
Same building amenity stack at higher dues proportional to unit size and tier
Room service and valet scope
Bundled in dues
Includes:
Full hotel service stack available to all units regardless of HOA tier
Due-Diligence Checklist
Request in escrow
Resale package
Statutory right
Includes:
Current dues, reserve study, assessment history, CC&Rs, rental program agreement, and access policies
Transfer and program fees
Varies
Includes:
One-time HOA transfer charges and rental program enrollment fees at closing — price into offer math
COMMUTE & TRANSPORTATION
How Easy Is Getting Around From Platinum Hotel Residences?
Location is the building's central advantage: Flamingo Road, Las Vegas Boulevard, and the I-15 feed every direction from ZIP 89109. Mean Las Vegas commutes run about 25 minutes per U.S. Census ACS data — and most Platinum Hotel Residences destinations are well inside that window.
Drive Times from Platinum Hotel Residences
- ~5 minLas Vegas Strip (Bally's / Paris)E Flamingo Rd west → Las Vegas Blvd
- ~5 minLas Vegas Convention CenterE Flamingo Rd north → Paradise Rd
- ~10 minDowntown Las Vegas (Fremont St)I-15 north or Las Vegas Blvd north
- ~15 minHarry Reid International AirportI-15 south via local roads
- ~20 minHendersonI-15 south → I-215 east
- ~25 minSummerlinI-15 north → Summerlin Pkwy
- ~30 minRed Rock CanyonW Charleston Blvd west
- ~55 minMt. CharlestonUS-95 north → SR-157
Transportation Options
Drive times based on average non-rush-hour conditions. Sources: Google Maps traffic data, RTC of Southern Nevada.
Quick Answer
How long does it take to close on a unit at Platinum Hotel Residences?
Most Platinum Hotel Residences purchases close in 30–45 days through a Nevada escrow company; cash deals can close in 7–14 days. Portfolio-financed purchases add time for building approval and jumbo underwriting — typically 35–50 days total. Budget extra time for HOA resale package delivery and rental program enrollment paperwork.
Quick Answer
What down payment do I need to buy at Platinum Hotel Residences?
Plan on 20–30% down because most conventional loan programs do not apply to condo-hotel buildings — lenders classify Platinum Hotel Residences as a non-warrantable property. On a $450,000 unit that means $90,000–$135,000 at closing before reserves. Portfolio lenders and commercial loans fill the gap; rates typically run 0.5–1.0% above conventional. Cash buyers skip the issue entirely. Our team can refer lenders who have already approved this specific building.
The Platinum Hotel Residences FAQ — 18 Answers
What Do The Platinum Hotel Residences Buyers Most Frequently Ask?
Most AskedWhat is the price range at Platinum Hotel Residences?
Platinum Hotel Residences prices span $200,000 to $600,000 per the community plan record, with a $450,000 ZIP-corridor median per Las Vegas REALTORS and a 58-day median list-to-offer pace. Upper-floor Strip-facing units reach the top; entry lower-floor suites anchor near $200K. Call (702) 637-1759 for current closed comps by floor.
What are HOA fees at Platinum Hotel Residences?
Monthly HOA dues run $350 to $800 at Platinum Hotel Residences, covering building maintenance, common-element insurance, water, trash, and the service-heavy amenity stack: concierge, valet, spa, fitness center, and resort pool. Hotel-condo fees run higher than standard towers because 24-hour staffing is part of the product. Pull the full resale package — current dues, reserve study, and any pending assessments — early in escrow, and budget dues into any rental pro forma before you write an offer.
Can I rent out my Platinum Hotel Residences unit short-term?
Yes — Platinum Hotel Residences permits short-term rentals through its hotel program, which is the primary reason investors target this building. Owners can place units into the program when not in residence, though terms, revenue splits, blackout rules, and minimum-stay requirements are set by the building and change periodically. Confirm current program details and recent owner net economics before you structure an offer around projected income; our team verifies the latest rental policy before every purchase.
What amenities does Platinum Hotel Residences offer?
Owners access a five-star amenity stack: concierge, valet, spa, fitness center, resort-style pool, and room service — with hotel services available to condo-hotel owners. Secured lobby entry and controlled-access parking round out the building. This service level is what separates a hotel-condo from a standard tower and what the $350–$800 monthly dues fund. Tour the amenity floors with our team before you buy to judge whether the value matches your intended use.
What are property taxes like at Platinum Hotel Residences?
Nevada's effective property-tax rate runs roughly 0.5–0.7% 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 $450,000 Platinum Hotel Residences unit, that means approximately $2,250–$3,150 per year — a fraction of what a comparable hotel-condo carries in California at its 1.1–1.3% effective rate. Investment-held units don't benefit from the 3% cap, but the base rate still runs well below most comparable markets.
What views are available from Platinum Hotel Residences?
Expect Strip, city-skyline, and Spring Mountains views, with the strongest panoramas from upper-floor residences. Orientation matters as much as height: Strip-facing units carry material premiums while mountain-facing or east-facing sides often price softer for nearly identical floor plans. The building sits one block east of the Strip near Bally's and Paris Las Vegas, so mid-floor Strip views can be partially obstructed — compare two or three exposures in person before deciding; our team schedules back-to-back showings.
Is Platinum Hotel Residences a good investment?
It can be when the hotel program math works. Strip-adjacent condos like Platinum Hotel Residences generate short-term rental income through the building program, and Nevada adds no state income tax, roughly 0.5–0.7% effective property tax, and no inheritance tax. Weigh that against $350–$800 monthly dues, program terms, and the fact that condo-hotel financing limits some buyers to portfolio loans. Have our team model net income on actual building occupancy and payout data before committing capital.
What schools serve Platinum Hotel Residences residents?
Zoned Clark County School District campuses include John C. Fremont Elementary (6/10), Fremont Middle School (5/10), and Clark High School (6/10) per GreatSchools — functional for the Strip corridor, though most households here are investors or part-time residents rather than K-12 families. The private tier is stronger: Bishop Gorman High School and The Meadows School are 20–25 minutes west, with Coral Academy of Science (8/10, charter) within reach. Verify current zoning for any specific unit before you offer.
How does Platinum Hotel Residences compare to other Las Vegas Strip high-rises?
Platinum Hotel Residences stands out on three points: no resort fee for owners (unlike many Strip hotel-condos), a formal short-term rental program built into the building structure, and pricing that starts well below $600K — making it the most accessible full-service hotel-condo address near the Strip. Trade-offs versus Turnberry Place or Waldorf Astoria Residences are unit sizes (Platinum runs smaller at 1–2BR suite scale) and prestige address. Buyers weighing options should compare net owner economics, not just asking prices.
What Nevada tax advantages help Platinum Hotel Residences buyers?
Nevada levies zero personal state income tax per the Nevada Department of Taxation — a household earning $300,000 saves roughly $25,000–$30,000 per year versus California's 13.3% top rate per the California Franchise Tax Board. The state caps property-tax increases at 3% annually for primary residences under NRS 361.471, and there is no Nevada inheritance or estate tax. For investors operating rental units, rental income flows through with no Nevada income tax on the state side — federal tax still applies.
What financing options are available for Platinum Hotel Residences?
Hotel-condo financing is more restrictive than standard residential: most conventional lenders do not approve condo-hotel buildings, which means buyers often use portfolio lenders, commercial loans, or cash. Expect 20–30% down on a portfolio loan and rates that run 0.5–1.0% above conventional. VA and FHA programs are generally unavailable on condo-hotel buildings. Have your lender confirm building eligibility before relying on any financing program — our team can refer lenders who have already closed transactions at Platinum Hotel Residences.
Is Platinum Hotel Residences guard-gated or secure?
Platinum Hotel Residences offers secured lobby entry, 24-hour concierge or front-desk coverage, controlled-access parking, and surveillance — consistent with a hotel-grade security environment rather than a gated estate community. There is no perimeter gate or roving patrol, but building-level access control and the hotel's full-time staffing create effective security for an urban high-rise. The surrounding Strip corridor is an active urban environment; plan accordingly and ask our team about building-specific security disclosures.
Who typically buys at Platinum Hotel Residences?
The ownership split runs roughly 40% primary or secondary residents and 60% investors operating units through the hotel rental program, per community records. Primary buyer types: California and out-of-state buyers seeking a Las Vegas pied-à-terre with hotel services when they are not in residence; investors who want Strip-adjacent rental income without managing a standalone property; and executives who travel frequently and value the concierge-plus-rental-program combination. Owner-occupants skew toward the largest, highest-floor units.
What should I know before buying at Platinum Hotel Residences?
Five things move real money here. First, financing: most conventional loan programs don't apply to condo-hotels — budget for a portfolio lender and 20–30% down. Second, rental program terms: splits, blackouts, and net owner economics change; verify current figures, not advertised projections. Third, dues: $350–$800/mo affects both ROI and monthly carrying cost. Fourth, view and floor premiums: Strip-facing upper floors command 15–25% more than comparable mountain-facing units. Fifth, comp selection: call (702) 637-1759 — we pull recent closed data, not just active listings.
How does Platinum Hotel Residences benefit from Las Vegas tourism?
The building's location one block from the Strip — near Bally's, Paris Las Vegas, and the Las Vegas Convention Center — means hotel-program occupancy tracks Las Vegas's visitor economy directly. According to the Las Vegas Convention and Visitors Authority, the metro hosts over 40 million visitors annually, and the LVCVA corridor near the Convention Center is one of the highest-demand booking zones. Owners who time their personal use around major convention weeks or F1 Grand Prix weekends can capture peak nightly rates for the balance of their calendar.
What down payment do I need to buy at Platinum Hotel Residences?
Plan on 20–30% down because most conventional loan programs do not apply to condo-hotel buildings — lenders classify Platinum Hotel Residences as a non-warrantable property. On a $450,000 unit that means $90,000–$135,000 at closing before reserves. Portfolio lenders and commercial loans fill the gap; rates typically run 0.5–1.0% above conventional. Cash buyers skip the issue entirely, which is why a meaningful share of transactions here close all-cash. Our team can refer lenders who have already approved this specific building.
How much are total monthly costs at Platinum Hotel Residences?
On a $450,000 purchase with 25% down at a portfolio rate near 7.5%, model roughly $2,380 in principal and interest, $190 in property taxes, $100 in insurance, and $500–$700 in HOA dues — total carrying cost of $3,170–$3,370 per month. When the unit is in the hotel program and generating rental income, net carrying cost drops materially. Pull the resale package for the specific unit's current dues and recent rental program statements before finalizing your numbers.
Can Nevada Real Estate Group help me buy or sell at Platinum Hotel Residences?
Yes — our team has represented buyers and sellers across Las Vegas Strip-corridor hotel-condos and knows the building-specific nuances: HOA structure, rental program terms, financing sources, and view-tier pricing. We verify the latest rental program economics, pull recent closed comps, and connect buyers with lenders who have already approved Platinum Hotel Residences. Call (702) 637-1759 or submit the form on this page and a specialist responds within the hour.
Updated June 2026
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PEOPLE ALSO ASK
What Else Do People Ask About Platinum Hotel Residences?
These are the eight queries Platinum Hotel Residences buyers and investors actually search — answered with specifics you can verify: market figures from Las Vegas REALTORS, tax law from the Nevada Revised Statutes, and building facts from the community plan record.
Is Platinum Hotel Residences on the Las Vegas Strip?
One block east of the Strip at 211 E Flamingo Rd — walking distance to Bally's, Paris Las Vegas, Harrah's, and Bellagio. Not physically on the Strip's hotel row, which is why it maintains residential character while delivering Strip-adjacent rental demand.
Can I live at Platinum Hotel Residences full-time?
Yes — roughly 40% of units are owner-occupied either full-time or as primary residences, per community records. The building's hotel services make full-time living comfortable; the trade-offs are portfolio financing requirements and HOA dues of $350–$800/mo on top of your mortgage.
Does Platinum Hotel Residences charge a resort fee to owners?
No — Platinum Hotel Residences does not charge a resort fee to owners, which is a meaningful competitive advantage versus several other Las Vegas hotel-condos that charge daily resort fees on top of HOA dues. Confirm this is still current policy with building management during due diligence.
What is the short-term rental program at Platinum Hotel Residences?
The building operates a managed hotel rental program that allows owners to place units into short-term rental when not in residence. The program handles booking, guest check-in, cleaning, and distribution — owners receive a revenue split per the current program terms. Confirm current splits and blackout policies directly with the building.
Why is financing so complex for a hotel-condo?
Lenders classify condo-hotel buildings as non-warrantable because the high investor-to-owner-occupant ratio and hotel program structure fall outside Fannie Mae and Freddie Mac guidelines. That means conventional loans are unavailable; portfolio lenders or commercial financing fill the gap at slightly higher rates with 20–30% down requirements.
How close is Platinum Hotel Residences to the Convention Center?
About five minutes — the Las Vegas Convention Center sits just north on Paradise Road, and the Convention Center monorail station is walking range. This proximity is a direct driver of rental program occupancy; major conventions fill the corridor around Platinum Hotel Residences consistently throughout the year.
What is the homeownership rate at Platinum Hotel Residences?
Approximately 40% of units are owner-occupied per community records — below the Las Vegas citywide rate of about 59% per the U.S. Census. The 60% investor/rental share reflects the building's design as a hotel-condo program property, not a primarily residential tower.
How does the Nevada 3% property tax cap work for investors?
The 3% annual cap under Nevada Revised Statutes 361.471 applies to primary residences, not investment properties. Investor-held units at Platinum Hotel Residences are subject to the standard Clark County effective rate of roughly 0.5–0.7% with reassessment at sale — still well below most comparable markets. Primary-resident owners do receive the cap.
WHY NEVADA REAL ESTATE GROUP
Why Is Nevada Real Estate Group the #1 Real Estate Team in Nevada?
Direct market knowledge, the largest agent team in the valley, and thousands of verified five-star reviews. Across 6,225+ closed transactions and $4.1B+ in volume since 2009, our agents have represented buyers and sellers across Las Vegas Strip-corridor hotel-condos, high-rise towers, and the full spectrum of Las Vegas real estate — the depth behind the team's #1 ranking in Nevada.
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Ranked Top 100 nationwide, RealTrends 2025
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Henderson, Summerlin, Las Vegas, North Las Vegas
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Across 6,225+ closed transactions
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Founded by Chris Nevada · License S.181401
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6,225+
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6,225+ transactions. $4.1B+ in total volume. Chris Nevada and the NREG team have closed thousands of Las Vegas transactions since 2009 — in a hotel-condo building where financing, rental program terms, and view-tier pricing all move money, knowing the building specifics is the whole game. Tell us what you're looking for and we'll find your unit.
NEARBY COMMUNITIES
Which Communities Are Within 30 Minutes of Platinum Hotel Residences?
Compare Platinum Hotel Residences with nearby high-rises and Las Vegas communities. Each card below pairs the drive time with median price positioning, so you can judge at a glance whether a different building — Signature at MGM, Turnberry Place, Henderson, or Summerlin — offers better fit for your specific use case and budget.
5 MIN S
The Signature at MGM Grand
From $250K
5 min from Platinum Hotel
View The Signature at MGM Grand →A–Z INDEX
Which Nearby Las Vegas High-Rises and Communities Can You Explore?
Platinum Hotel Residences sits within the Las Vegas Strip corridor — the entries below index the nearest comparable buildings and city hubs, each linked for easy navigation. Our team can pull current listings, HOA documents, and rental program details for any building in the corridor.
KEEP LEARNING
What Else Should You Read About Platinum Hotel Residences?
These guides extend the research most Platinum Hotel Residences buyers do next — understanding the citywide Las Vegas market, comparing Strip-corridor high-rises, and mapping the buying process — each written by our team from primary MLS data and building-level sources.
MARKET GUIDE
Las Vegas Housing Market 2026
The citywide playbook — pricing, inventory, rates, and where the valley's momentum actually is this year.
Read →HIGH-RISE GUIDE
Las Vegas High-Rise Condos Guide
Compare every major Las Vegas high-rise building — location, amenities, HOA fees, and market data side by side.
Read →CITY HUB
Las Vegas Community Hub
Citywide market data, every major Las Vegas community, and side-by-side comparisons in one place.
Read →Sources & Methodology
Where Does This Platinum Hotel Residences Data Come From?
Every statistic on this page is sourced from a primary or government dataset, refreshed monthly. Building-specific figures come from the NREG community plan record and Las Vegas REALTORS MLS data for ZIP 89109; rental program economics are verified directly with building management — not from advertised projections. Follow any link below to verify a figure.
- Las Vegas REALTORS (LVR) — Median list prices, days on market, active and closed counts for ZIP 89109 Strip corridor. lasvegasrealtors.com
- U.S. Census Bureau — Las Vegas city population, income, age, and housing data (the building is not separately tabulated). census.gov/quickfacts
- City of Las Vegas — City services, zoning, short-term rental regulations, and police coverage for ZIP 89109. lasvegasnevada.gov
- Clark County Assessor — Property tax rates, assessed values, and parcel data for the Strip corridor. clarkcountynv.gov/assessor
- Nevada Revised Statutes 361.471 — The 3% annual property-tax cap on primary residences. leg.state.nv.us
- Nevada Department of Taxation — Nevada zero state income tax confirmation. tax.nv.gov
- California Franchise Tax Board — California 13.3% top marginal income tax rate for relocation comparison. ftb.ca.gov
- FBI Uniform Crime Reporting (UCR) — Las Vegas violent and property crime rates for the Strip corridor. fbi.gov/ucr
- U.S. Bureau of Labor Statistics — Las Vegas metro employment, unemployment, and hospitality sector data. bls.gov
- Freddie Mac PMMS — Mortgage rate weekly survey benchmark used in the payment calculator. freddiemac.com/pmms
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).
Last refresh: June 2026 · Next scheduled refresh: July 2026