The Gramercy mixed-use mid-rise condominiums in southwest Las Vegas near the 215/Russell corridor, ZIP 89148
Las Vegas, Nevada

The Gramercy Condos & Townhomes For Sale

Nevada's #1 team for The Gramercy real estate. Search modern condos and townhomes in this boutique mixed-use mid-rise in southwest Las Vegas — walkable plaza, 215 Beltway access, and prices from $300K to $700K.

Browse Homes
  • PRICE RANGE

    $300K–$700K

    Community plan record

  • MEDIAN LIST (89148)

    $450K

    LVR / GLVAR, September 2026

  • TOTAL UNITS

    320

    Community plan record

  • MEDIAN DAYS ON MARKET

    31

    LVR / GLVAR via Repliers, as of September 19, 2026

Chris Nevada, Founder of Nevada Real Estate Group

Written by

Chris Nevada

Founder, Nevada Real Estate Group · Nevada License S.181401

16 years in the Las Vegas and Nevada real estate market

Page updated June 21, 2026

Property research

Verify for your address

Confirm current school assignments, association documents, parcel taxes, and insurance with the applicable sources.

Last updated

June 21, 2026

Individual data periods may differ from the page update date.

KEY TAKEAWAYS

What Should You Know About The Gramercy at a Glance?

The Gramercy pairs 320 condos and townhomes priced $300K–$700K in a mixed-use mid-rise above a walkable plaza, with HOA dues of $300–$700/mo covering building services — per Las Vegas REALTORS data, benchmarked to Las Vegas city demographics from the U.S. Census. Five takeaways below explain what sets this southwest Las Vegas address apart.

  • Mixed-use walkability: condos and townhomes sit above a plaza of restaurants and offices in the 215/Russell corridor — unusual walkability for southwest Las Vegas.
  • Value-tier entry: from $300K to $700K, The Gramercy is one of the most accessible modern mid-rise addresses in the southwest Las Vegas valley.
  • Best for: young professionals, investors, and California relocators who want lock-and-leave urban convenience with 215 Beltway access.
  • HOA covers the basics: $300–$700/mo bundles pool, fitness, concierge, secured parking, water, and trash — no deferred maintenance surprises.
  • Do your homework: building warrantability, the CC&Rs rental policy, and dues specific to your unit type all need early diligence before you go under contract.

Last updated September 2026 · Sources: LVR, U.S. Census, City of Las Vegas

Where Can I Find The Gramercy Condos for Sale?

The Gramercy's 320 units generate a steady but limited pool of active listings in the 89148 corridor, per Las Vegas REALTORS MLS data. The newest listings appear below, refreshed daily from the GLVAR feed — set an alert to see new units within hours of going active rather than after they are already under contract.

PRICE DISTRIBUTION

How Do The Gramercy Units Break Down by Price?

The Gramercy's 320 residences span a $300K–$700K range that splits into standard condo units and larger townhome-style residences, per the community plan record and Las Vegas REALTORS MLS data. The bands below reflect where competition actually concentrates in this building.

Under $350K (entry condos)

0

active listings

Browse Under $350K (entry condos) →

$350K–$500K (standard condos)

0

active listings

Browse $350K–$500K (standard condos) →

$500K–$600K (upper-floor condos)

0

active listings

Browse $500K–$600K (upper-floor condos) →

$600K–$700K (townhomes)

0

active listings

Browse $600K–$700K (townhomes) →

$700K+ (premium townhomes)

0

active listings

Browse $700K+ (premium townhomes) →
Browse The Gramercy Listings

How Can You Find a Gramercy Unit by Type, Floor & Price?

The Gramercy's 320 units break into standard condos, upper-floor condos with unobstructed valley views, and multi-level townhome-style residences — spanning $300K to $700K across the southwest Las Vegas 89148 corridor. Each link below opens the live Las Vegas MLS search filtered by type, with counts updated daily from Las Vegas REALTORS MLS data.

Updated daily · 300 active listings · MLS data

STAY AHEAD OF THE MARKET

How Can You Get New Gramercy Listings First?

Custom alerts by unit type, price, floor, and view orientation — no spam, unsubscribe anytime. With 320 units and a 55-day median market time, the right Gramercy unit at the right price can move before buyers checking weekly ever see it. Alert subscribers catch new listings within hours.

  • 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

School planning

Check schools for your address

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 reported crime for the area

Where to start

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.

Understand what the reports cover

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

Living In

What's It Like Living in The Gramercy?


The Answer

Living at The Gramercy means walking out the lobby into a plaza of restaurants and offices, then hopping the 215 Beltway for the rest of the valley in minutes. Services run through the City of Las Vegas, with Downtown Summerlin twenty-five minutes west and Harry Reid Airport fifteen minutes south.

What is The Gramercy known for?

The Gramercy is known for its mixed-use mid-rise format — modern condos and townhomes above a walkable plaza of restaurants and offices in the 215/Russell corridor — and its value-tier pricing of $300K–$700K that makes urban Las Vegas condo living accessible without a Strip-tower budget.

Who should live at The Gramercy?

Young professionals and remote workers who value walkability and 215 Beltway access, California relocators trading a small LA condo for a larger southwest Las Vegas residence at a fraction of the cost, and investors who want a 320-unit building with meaningful rental market liquidity.

What is daily life like?

Coffee and a quick lunch at the plaza below, a workout in the building fitness center, and errands handled without a car — then the 215 Beltway for Downtown Summerlin, the Strip, or the airport whenever the day calls for it.

Location

Where Is The Gramercy

The Gramercy sits in the 215/Russell Road corridor of southwest Las Vegas — ZIP 89148, City of Las Vegas. About 3 acres. Approximately 15 miles from the Las Vegas Strip, with immediate 215 Beltway access in all directions.

Strip
20
Min
Harry Reid Airport
15
Min
Downtown Las Vegas
25
Min
Downtown Summerlin
25
Min
Henderson
25
Min

The Gramercy

At a Glance
$516,500
Median List Price (89148)
$300K–$700K
Community Price Range
320
Total Units
31
Median Days on Market
Setting
Mixed-use mid-rise condo + townhome community
Acreage
~3 acres
Units
320
Established
2008
Developer
Fifield Companies
Entry
Secured + concierge
HOA
$300–$700/mo
Schools
CCSD southwest + Bishop Gorman private
Plaza
Walkable restaurants + offices below
Sunshine
300 days/year
Distance to Strip
~20 min

Quick Answer

Is The Gramercy a good place to live?

Yes — if urban walkability, value-tier pricing, and 215 Beltway access top your list. The Gramercy pairs modern condos and townhomes above a mixed-use plaza with HOA-covered pool, fitness, concierge, and secured parking — all at $300K–$700K in the southwest Las Vegas corridor. The trade-offs are real: CCSD schools rate 5–6/10 at the zoned campuses, the security stack is urban-building rather than guard-gated, and rental policy in the CC&Rs needs early diligence. For buyers who value urban convenience over estate character, The Gramercy delivers uncommon value in this market.

Source: City of Las Vegas

DEMOGRAPHICS

Who Lives at The Gramercy?

According to the U.S. Census Bureau QuickFacts, Las Vegas holds 656,274 residents with a median household income of $66,820. Inside The Gramercy, the profile skews younger and more professional: community records show roughly 640 residents across 320 units, a median age of 38, and average household income above $85,000.

The Census does not tabulate The Gramercy separately, so citywide figures serve as the macro backdrop. Within the building, our transaction data shows a mix of young professionals and remote workers, investors holding units as long-term leases, California relocators who traded a small coastal condo for a larger southwest Las Vegas residence, and part-time Las Vegas residents using the lock-and-leave lifestyle for frequent travel.

Population (Gramercy)
~640
vs Las Vegas 656,274
Median Age
~38
vs Clark Co 38
Avg Household Income
$85,000+
vs Clark Co median $74,007
Owner-Occupied
45%
vs Clark Co 59%
Total Units
320
vs Clark Co ~860,000
Entry Price
$300K
vs Clark Co value $391K

Source: NREG community plan records & U.S. Census Bureau QuickFacts, Las Vegas city (The Gramercy is not separately tabulated) · Updated

POPULATION & GROWTH

How Fast Is the The Gramercy Area Growing?

The Gramercy itself holds 320 units in a completed 2008-vintage building — growth happens through resales and rental turnover, not new supply. Its parent city keeps compounding: Las Vegas has added roughly 72,000 residents since 2010 per U.S. Census counts, and the 215/Russell southwest corridor remains one of the valley's most sought-after for urban convenience seekers.

656,274Las Vegas residents (Census)
320Gramercy units (completed 2008)
~700,000Las Vegas projected, 2030

Las Vegas citywide population trajectory, 2010–2030 (projected)

Inside The Gramercy, supply is capped at 320 units — a structural scarcity that protects well-bought positions over long holds. The surrounding 89148 corridor is one of southwest Las Vegas's most active condo submarkets, providing the liquid comps that keep resale pricing honest and transparent.

2010
583,756
2020
641,903
2024
~656,274
2030 proj.
~700,000

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.

MARKET TRENDS · LAST 12 MONTHS

How Is the The Gramercy Area Real Estate 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 89148 corridor trades against. The Gramercy's 320 units in a single building provide a meaningful pool for trend analysis; the cards below summarize the building's key indicators alongside citywide context.

Median List Price

~$450,000 building median per LVR — units range $300K entry to $700K townhome tier

vs September 2025

Source: Las Vegas REALTORS

Days on Market

~55 median days — value-tier buyers comparison-shop broadly; well-priced units move faster

vs September 2025

Source: Las Vegas REALTORS

Annual Sales Volume

Active seller market in the 89148 corridor; 320 units generates meaningful comp data unlike boutique buildings

vs September 2025

Source: Las Vegas REALTORS

The long view: The Gramercy's median sold price rose 74% between 2015 ($235,000) and 2021 ($410,000), across 7,272 recorded closings — Greater Las Vegas Association of REALTORS (GLVAR) MLS records via Repliers.

31
MEDIAN DAYS ON MARKET
$517K
MEDIAN LIST PRICE
320
TOTAL UNITS
< 1 hr
OUR RESPONSE TIME

ACTIVE INVENTORY

Get matched with a
Gramercy specialist.

Market Competitiveness

How competitive is the The Gramercy market right now?

The Gramercy sits in a moderately competitive southwest Las Vegas condo market — 320 units generate steady turnover, median days on market run about 55, and pricing is transparent because the building has enough sales volume to produce reliable comps. The $300K–$700K range attracts comparison shoppers from across the southwest valley, so well-priced units move; overpriced listings sit.

62Steady Condo Market
  • 55 daysMedian days on market (building)
  • 320Total units in the building
  • $300K–$700KActive listing range
  • 89148Southwest Las Vegas ZIP corridor
Is The Gramercy Right for You?

Who Should Buy a Unit at The Gramercy?

The Gramercy is not one-size-fits-all — it serves different buyer types across condos and townhomes from $300K to $700K. Six profiles below match lifestyles to unit types, followed by the honest pros and trade-offs our team walks every client through before a tour.

Which Gramercy Unit Types Fit Your Buyer Profile?

Young Professionals

  • Walkable plaza of restaurants and offices below
  • $300K entry — accessible without a jumbo loan
  • Lock-and-leave amenities for frequent travel
  • 215 Beltway to every major employer in fifteen minutes
Best for Young Professionals →

California Relocators

  • Urban walkable living at $300K–$700K vs. $700K+ in LA
  • Zero state income tax saving $15K–$40K+ per year
  • HOA-covered maintenance — no California-style upkeep surprises
  • Our relocation team handles every step remotely
Best for California Relocators →

Investors

  • 320-unit building with meaningful rental market liquidity
  • HOA-bundled costs simplify operating expense models
  • Nevada zero income tax improves net yield
  • Read the CC&Rs rental policy before you close
Best for Investors →

Lock-and-Leave Buyers

  • No yard, HOA covers maintenance and building services
  • Concierge handles building access for guests
  • Pool and fitness inside the building — no club membership
  • Fifteen-minute airport run makes frequent travel seamless
Best for Lock-and-Leave Buyers →

First-Time Buyers

  • Entry from $300K — one of the most accessible modern addresses
  • FHA loans available for qualifying units and buyers
  • HOA-bundled costs make budgeting predictable
  • Our team walks first-timers through building-specific financing
Best for First-Time Buyers →

Downsizers

  • No yard upkeep, no exterior maintenance responsibility
  • Pool and fitness on-site without a club fee
  • Townhome-style residences offer multi-level living without stairs at scale
  • Bishop Gorman and Meadows School nearby for grandchildren
Best for Downsizers →

Best Fit For

  • California relocators — urban walkable living at $300K–$700K, zero state income tax, and an HOA-covered maintenance model that removes the California upkeep variable.
  • Young professionals — a mixed-use walkable plaza, 215 Beltway access to every major employer, and a $300K entry that doesn't require a jumbo loan.
  • Investors — a 320-unit building with real rental-market liquidity, HOA-bundled operating costs, and Nevada's zero income tax on rental proceeds.
  • Lock-and-leave buyers — no yard, no exterior maintenance, concierge, pool, and fitness — the urban convenience stack for frequent travelers.
  • First-time buyers — one of the most accessible modern condo addresses in southwest Las Vegas, with FHA-eligible units and predictable HOA-bundled costs.
  • Downsizers — multi-level townhome residences or single-level condo units, pool and fitness on-site, and a fifteen-minute airport run for travel-heavy retirements.

Ready to explore units at The Gramercy? Our team knows the building floor plans, view premiums, and HOA documents for every unit type.

Start Your Home Search

Pros

  • Mixed-use walkable plaza below the lobby — restaurants and offices steps from the building entrance
  • Entry from $300K with HOA-bundled pool, fitness, concierge, and secured parking
  • Zero state income tax and a 3% property-tax cap under NRS 361.471
  • Immediate 215 Beltway access — fifteen minutes to the airport, twenty to the Strip
  • Bishop Gorman High School (A+) and The Meadows School (A+) within twenty minutes
  • 320-unit scale provides reliable comps and liquid resale market
  • Lock-and-leave HOA model eliminates exterior maintenance responsibility

Honest Considerations

  • Zoned CCSD public schools rate 5–6/10 — families relying on public schools should research the specific zone carefully
  • Security model is urban mid-rise, not guard-gated — buyers wanting staffed gates and patrols need to look at different communities
  • Building warrantability must be confirmed before choosing a lender or financing structure
  • The CC&Rs rental policy controls investment viability — read it before you close, not after
  • Extreme summer heat — 105°F+ stretches July through September, like the rest of the valley
  • Older 2008 vintage means some units carry dated finishes without a remodel budget factored in

Unit Type Comparison

How Do The Gramercy's Unit Types Compare?

A like-for-like comparison of The Gramercy's main unit categories — entry pricing, lifestyle fit, and who each suits — drawn from the community plan record and active-listing data via Las Vegas REALTORS. Honesty note: specific per-unit medians change frequently in a 320-unit building; entry points reflect the plan record and typical 2026 active-listing ranges.

The Gramercy unit type comparison · June 2026 · entry points per the community plan record
SubmarketMedian Price$ / Sq FtDays on MarketActive ListingsBest For
Standard Condo UnitsFrom $300Kn/a*~55n/a*Entry · Investors · Professionals
Upper-Floor CondosFrom $500Kn/a*~60n/a*Views · Mid-Market Buyers
Townhome-Style ResidencesFrom $550Kn/a*~65n/a*Space · Multi-Level Living
Plaza-Level Access UnitsFrom $300Kn/a*n/a*n/a*Walkability · Convenience

Source: Las Vegas REALTORS MLS data plus the NREG community plan record, June 2026. Per-unit $/SF and DOM figures reflect 89148 corridor benchmarks; building-specific data fluctuates with available inventory.

Unit Type Deep Dive

What's Inside The Gramercy's Unit Formats?

Submarket 1

Standard Condo Units

The core product — modern one- and two-bedroom condo units with open floor plans, contemporary finishes, and city or mountain views depending on orientation. The most accessible entry point in the building.

Browse Standard Condo Units homes →
$300K+Median Price
~55Days on Market
n/a*Active Listings
n/a*Price / Sq Ft

Submarket 2

Upper-Floor Condos

Higher-floor units with unobstructed valley or mountain views carry a view premium worth comparing in person. These units move at a slightly slower pace than entry-tier condos; pricing precision matters.

Browse Upper-Floor Condos homes →
$500K+Median Price
~60Days on Market
n/a*Active Listings
n/a*Price / Sq Ft

Submarket 3

Townhome-Style Residences

Multi-level townhome residences with dedicated entry foyers, larger square footage, and a more single-family feel within the mid-rise footprint. The building's most differentiated product — buyers compare these against small detached homes.

Browse Townhome-Style Residences homes →
$550K+Median Price
~65Days on Market
n/a*Active Listings
n/a*Price / Sq Ft

Submarket 4

Plaza-Level Access Units

Lower-floor units with direct or near-direct access to the mixed-use plaza below — the most walkable addresses in the building for residents who want restaurants and offices without an elevator ride.

Browse Plaza-Level Access Units homes →
$300K+Median Price
n/a*Days on Market
n/a*Active Listings
n/a*Price / Sq Ft

Submarket 5

The Mixed-Use Plaza — The Gramercy's Differentiator

The ground-floor mixed-use plaza sets The Gramercy apart from every other southwest Las Vegas mid-rise: restaurants, cafés, and professional offices built into the building base create a walkable live-work-dine environment that no residential-only building in the 89148 corridor can match. Owning here means your commute to the coffee shop is measured in steps, not miles.

Browse The Mixed-Use Plaza — The Gramercy's Differentiator homes →
320Total Residences
2008Year Built
$300KEntry Price
215Beltway Access
#1
TEAM IN NEVADA
9,600+
HOMES SOLD SINCE 2011
9,061+
★★★★★ REVIEWS
< 1 hr
AVERAGE RESPONSE

STILL DECIDING?

Not sure which Gramercy
unit type fits?

BY ZIP CODE

How Does The Gramercy's ZIP Code (89148) Break Down?

ZIP code 89148 spans the southwest Las Vegas corridor around The Gramercy, mixing condo communities, single-family neighborhoods, and the 215 Beltway commercial strip. The table below situates The Gramercy within that broader market so buyers understand what the ZIP-area median means versus what the building itself delivers.

The Gramercy and surrounding 89148 corridor · June 2026 · ZIP-area figures labeled as such
ZIPPrimary AreaMedian Price$ / Sq FtDays on MarketActiveYoY
89148The Gramercy — mixed-use mid-rise condos + townhomes$300K–$700K (plan range)n/a*~55~10 units typicaln/a*
89148Southwest Las Vegas single-family corridorFrom $400K–$550Kn/a*~45n/a*
89148Other 89148 condo communitiesFrom $250K–$500Kn/a*~50n/a*
89148215/Russell commercial and mixed-use corridorCommercial — not residentialn/a*
89148Full ZIP benchmark — all property types~$450,000 list~55Variesn/a*

Source: Las Vegas REALTORS MLS plus NREG corridor analysis. *Unit-level $/SF and year-over-year change are intentionally omitted where sample size is insufficient. Boundaries per Clark County GIS.

Outdoor Recreation

What Outdoor Amenities Does The Gramercy Area Offer?

The Gramercy's southwest Las Vegas location puts the building pool and fitness center steps away and the valley's park and trail network within a quick drive. The City of Las Vegas maintains the surrounding park system, usable through 300 days of annual sunshine.

IN-BUILDING

Building Pool & Fitness Center

Resident amenityPool · Fitness · Common areasResidents

The building's pool deck and fitness center are the day-to-day outdoor-lifestyle core — steps from the lobby, no drive required.

5 MIN

The Park Las Vegas

~5 acresGreen space · Dining · ArtFree

The publicly accessible green space and dining district between T-Mobile Arena and Allegiant Stadium — a quick drive east on the 215.

20 MIN

Bellagio Fountains & Promenade

~8 acresWalking · GardensFree

The Strip's most iconic outdoor public space — the Bellagio fountain promenade and gardens, accessible by car or rideshare in twenty minutes.

20 MIN E

Sunset Park

~324 acresLake · Sports · TrailsFree

One of Las Vegas's largest parks — a lake, sports fields, walking trails, and picnic areas maintained by Clark County, twenty minutes east on the 215.

35 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, thirty-five minutes northwest.

25 MIN W

Downtown Summerlin

Open-air districtShopping · Dining · EventsFree

The west valley's shopping, dining, and events hub — farmers markets, seasonal festivals, and Las Vegas Ballpark a twenty-five-minute drive west on the 215.

25 MIN NW

Lone Mountain Regional Park

~150 acresTrails · ViewsFree

A northwest Las Vegas regional park with desert hiking trails and panoramic valley views — a weekend option for Gramercy residents who want trails without the Red Rock drive time.

15 MIN

Allegiant Stadium / T-Mobile Arena

Entertainment venuesSports · ConcertsTicketed

Home of the Las Vegas Raiders and Golden Knights, both fifteen minutes east on the 215 — entertainment options that rarely require an overnight in the tourism corridor.

The Gramercy Lifestyle

What Does a Weekend at The Gramercy Look Like?

Three zones within twenty minutes of the lobby: coffee at the plaza-level restaurant below, an afternoon pool session on the building deck, and dinner anywhere on the Strip — with Red Rock Canyon's roughly 195,000 conservation acres per the Bureau of Land Management thirty-five minutes northwest when you want to escape the city entirely.

320Residences in the Building
$300KEntry Price Point
15 minTo Harry Reid Airport
2008Established by Fifield Companies

THIS WEEKEND'S OPEN HOUSES

Can You Tour The Gramercy This Weekend?

Open houses at The Gramercy run more frequently than at boutique or guard-gated buildings — 320 units in a mid-rise means sellers welcome broader exposure. Set up instant alerts to catch a new open house within hours, or browse every active listing now and request a private building tour with full floor-plan access.

Planning a move

What Should I Verify Before Moving to The Gramercy?

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.

Review taxes for your circumstances

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.

Compare written costs and property requirements

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 planning

RELOCATION TIMELINE

How to relocate to The Gramercy in 8 steps

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.

  1. Define your property and location needs

    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.

  2. Confirm financing and the full ownership budget

    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.

  3. Agree on representation and the search process

    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.

  4. Investigate the exact address

    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.

  5. Review the offer and its deadlines

    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.

  6. Review inspections and property documents

    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.

  7. Coordinate services and moving arrangements

    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.

  8. Confirm possession and new-resident 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.

Get the full relocation guide →

ECONOMY & JOBS

What Drives the The Gramercy Economy?

The Gramercy sits in the southwest Las Vegas professional economy: 215 Beltway access reaches the Strip employment core, the Henderson medical corridor, and the Summerlin campus. According to the U.S. Bureau of Labor Statistics, the Las Vegas metro remains historically strong, and community records put average household income here at $85,000+.

$85,000+Avg household income, The GramercyNREG community plan record
45%Owner-occupied householdsCommunity plan record
15 minTo Harry Reid AirportVia 215 Beltway south
20 minTo the Strip employment coreVia 215 east to I-15

Top Gramercy-Area Employers

  • Strip resort corridor (I-15 and Las Vegas Blvd)The metro's hospitality and entertainment employment core, twenty minutes east on the 215
  • Downtown Summerlin corporate and retail corridorOffices, headquarters, and the west side's retail employment hub, twenty-five minutes west
  • Harry Reid International Airport and AllegiantMajor employer fifteen minutes south — aviation, logistics, and hospitality support
  • Henderson medical and tech corridorDignity Health / St. Rose Dominican, the Henderson medical campus, and growing tech employers, twenty-five minutes southeast
  • Clark County School District (southwest region)Area campuses including the southwest Las Vegas school zones
  • City of Las Vegas municipal servicesCity administration, planning, and public services for the 89148 address

Sources: U.S. Bureau of Labor Statistics, City of Las Vegas. Last updated June 2026.

COMMUNITY COMPARISON

How Does The Gramercy Compare to Other Las Vegas Condo Options?

Weighing The Gramercy against other Las Vegas mid-rise and high-rise options, this side-by-side covers the metrics buyers ask about most, updated June 2026. The Gramercy wins on value and walkability; One Queensridge Place wins on amenity depth; Turnberry Place wins on Strip adjacency — sourced to LVR, U.S. Census, and FBI UCR.

The Gramercy vs One Queensridge Place vs Turnberry Place vs Las Vegas citywide · June 2026
MetricThe GramercyOne Queensridge PlaceTurnberry PlaceLas Vegas
Price Range$300K–$700K$500K–$5M+$400K–$3M+$476K median
Total Units320219380
Entry Point$300K$500K$400K$200K+
Security ModelSecured entry + conciergeGuard-gated + building conciergeSecured + conciergeVaries by community
Mixed-Use WalkabilityYes — plaza belowAdjacent (Tivoli Village)Adjacent (Strip area)Varies
HOA Range$300–$700/mo$1,500–$5,000+/mo$1,000–$3,500+/moVaries
Best ForValue · Walkability · ProfessionalsLuxury · Scarcity · Guard-gatedLuxury · Strip adjacentSelection · Diversity · Price range
Airport Drive~15 min~25 min~20 min~15–25 min

Sources: Las Vegas REALTORS, U.S. Census QuickFacts. Building figures are community plan record values; citywide statistics are Las Vegas-wide. Last updated June 2026.

Cost of Ownership

What Will The Gramercy Cost You Each Month?

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.

Illustrative Payment Estimator

Estimate Your Gramercy Payment

Home Price
$450,000
$450,000
$450,000
Down Payment
10% / $45,000
10% / $45,000
10% / $45,000
Interest Rate
7.0%
7.0%
7.0%
Term Years
30
30
30
Annual Property Tax Assumption
$3,600
$3,600
$3,600
Annual Insurance Assumption
$1,800
$1,800
$1,800
Monthly HOA Assumption
$200
$200
$200
Annual PMI Rate Assumption
0.50%
0.50%
0.50%
$3,513
Illustrative Monthly Payment
  • Principal & Interest$2,694
  • Property Tax$300
  • Insurance$150
  • HOA$200
  • PMI$169
Talk to a Lender

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.

COMMUTE & TRANSPORTATION

How Easy Is Getting Around From The Gramercy?

The 215 Beltway is The Gramercy's superpower: immediate access north, south, east, and west connects every major Las Vegas Valley destination. Mean Las Vegas commutes run about 25 minutes per U.S. Census ACS data — and most Gramercy destinations beat that comfortably thanks to the 215.

Drive Times from The Gramercy

  • ~15 minHarry Reid International Airport215 Beltway south
  • ~20 minLas Vegas Strip (midpoint)215 east → I-15 north
  • ~25 minDowntown Las Vegas215 east → US-95 north
  • ~25 minDowntown Summerlin215 west → Summerlin Pkwy
  • ~25 minHenderson215 east → I-515 south
  • ~15 minT-Mobile Arena / Allegiant Stadium215 east → Hacienda
  • ~35 minRed Rock Canyon215 west → W Charleston Blvd
  • ~55 minMt. Charleston215 west → US-95 north → SR-157

Transportation Options

  • Driving

    The default and the strength: immediate 215 Beltway access gives The Gramercy a directional flexibility that most southwest Las Vegas addresses can't match — north to Summerlin, east to the Strip, south to the airport, all without navigating surface streets for long.

  • RTC Transit

    RTC bus routes run the nearby corridors, but residents should not plan a car-free life — southwest Las Vegas is an auto-dependent market, and The Gramercy is positioned for drivers who value 215 access, not walkers avoiding a car.

  • Cycling

    The mixed-use plaza walkability is real but limited to the immediate block. Regional cycling routes are sparse in the 215 corridor; the Red Rock Canyon scenic loop is an excellent road ride but requires a car to reach the trailhead from The Gramercy.

  • Rideshare

    Fast and reliable in the southwest corridor; airport runs run roughly $20–$30 with rideshare, and the 215 Beltway keeps surge pricing lower than in the Strip tourism core.

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 The Gramercy?

Most Gramercy purchases close in 30 to 45 days through a Nevada escrow company. Cash offers can close in 10 to 14 days. Financed buyers should confirm building warrantability and factor in HOA questionnaire turnaround — typically three to five business days — before choosing a lender or financing structure.

Quick Answer

What down payment do you need to buy at The Gramercy?

Most Gramercy buyers put down 10% to 20%. On a $450,000 unit, that runs roughly $45,000 (10%) to $90,000 (20%) at closing. FHA loans can work for qualifying primary-residence buyers at lower price tiers with as little as 3.5% down — but confirm building FHA approval first. VA loans allow 0% down for eligible veterans. Conventional financing is the most common path; confirm building warrantability with your lender before selecting a loan product.

The Gramercy FAQ — 18 Answers

What Do The Gramercy Buyers Most Frequently Ask?

Most Asked

What is the price range at The Gramercy?

Residences at The Gramercy range from approximately $300,000 for standard condo units to $700,000 for larger townhome-style residences, per the community plan record. The market median tracks around $516,500 per Las Vegas REALTORS MLS data, with units averaging about 31 days to sell. Floor, view, and unit type drive pricing within that band.

What are HOA fees at The Gramercy?

Monthly HOA fees at The Gramercy run $300 to $700 per month depending on unit type and sub-association, covering building maintenance, pool, fitness center, concierge, secured parking, water, trash, and common-area upkeep. Request the full resale package — current dues, reserve study, and any assessment history — early in escrow. Compare total monthly carrying cost, not just list price, when modeling your budget.

Is The Gramercy a mixed-use building?

Yes — The Gramercy is a boutique mixed-use mid-rise development in the 215/Russell corridor, with modern condos and townhome-style residences above a walkable plaza of restaurants and professional offices. That live-work-dine configuration is the core lifestyle proposition: errands, coffee, and dinner within steps of the lobby, plus quick access to the 215 Beltway for the wider valley.

How long does it take to close on a unit at The Gramercy?

Most Gramercy purchases close in 30 to 45 days through a Nevada escrow company. Cash offers can close in 10 to 14 days. Financed buyers should have their lender confirm building warrantability and condo project approval early — some Las Vegas mid-rise buildings require portfolio lenders or carry higher rates if the project is non-warrantable. Factor in HOA document review time when building your escrow calendar.

What are property taxes like at The Gramercy?

Nevada's effective property-tax rate runs approximately 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 $516,500 Gramercy unit, that means roughly $2,250–$3,150 per year — a fraction of what a comparable urban condo carries in coastal California at the 1.0%+ effective rate.

Can I rent out my unit at The Gramercy?

The Gramercy's rental policy lives in its HOA bylaws and CC&Rs — minimum lease terms, any rental caps, and short-term rental restrictions are set by the board and can change. Never assume. Request the current rental policy documents during your contingency window; Nevada Real Estate Group can flag anything that affects your investment plan before you close. Call (702) 637-1759 for current building rental details.

What schools serve The Gramercy?

The Gramercy is zoned to Clark County School District campuses in the 89148 corridor. Private options include Bishop Gorman High School and The Meadows School, both rated A+ by GreatSchools and accessible within twenty minutes. Coral Academy of Science charter campuses offer a strong STEM track west of the 215. Always verify zoning for your specific unit address before making an offer, as CCSD boundaries shift periodically.

What amenities does The Gramercy offer residents?

The Gramercy delivers a practical urban amenity stack: pool, fitness center, concierge, secured entry, and controlled-access parking — all bundled into the HOA dues. The mixed-use plaza brings restaurants and professional offices into the building footprint. Compare the pool and fitness deck at peak hours before you commit — amenity quality varies across buildings in this price range, and The Gramercy's boutique scale means less crowding than larger towers.

Is The Gramercy guard-gated or secured?

The Gramercy features secured entry, concierge or front-desk staffing, surveillance, and controlled-access parking — a security stack appropriate for an urban mixed-use mid-rise. It is not a traditional guard-gated community in the patrol-and-wall sense of Queensridge or MacDonald Highlands, but building access is controlled at every entry point. Buyers prioritizing layered guard-gated security should compare against traditional gated communities ten to fifteen minutes away.

How does The Gramercy compare to One Queensridge Place and Turnberry Place?

The Gramercy wins on accessibility and price point: $300K–$700K units in a mixed-use walkable plaza, versus $500K–$5M+ at One Queensridge Place or $400K–$3M+ at Turnberry Place. The trade-off is unit size and amenity depth — those buildings offer full-service concierge and resort pools at a higher dues tier, while The Gramercy offers urban convenience at a lower carrying cost. Buyers choose The Gramercy for value, location, and walkability.

What Nevada tax advantages does The Gramercy offer buyers?

Nevada levies zero personal state income tax — a household earning $300,000 saves roughly $25,000 per year versus California's 13.3% top rate per the California Franchise Tax Board. Add the Clark County Assessor's 0.5–0.7% effective property-tax rate, the 3% annual primary-residence cap under NRS 361.471, and no inheritance tax, and The Gramercy's carrying costs run well below a comparable California urban condo in any direction.

Is The Gramercy a good place to live for young professionals and investors?

Yes — for different reasons. Young professionals value the 215 Beltway access, the walkable plaza, and a $300K–$700K entry into an established southwest Las Vegas address. Investors value the 320-unit scale (more liquid than boutique buildings), the HOA-covered maintenance model, and Nevada's zero state income tax on rental income. Check the CC&Rs rental policy first; investment returns depend on what the board allows.

What views are available at The Gramercy?

Depending on floor and orientation, Gramercy units capture views of the Las Vegas Valley, the Spring Mountains, or the southwest corridor skyline. Higher floors and unobstructed west-facing exposures price toward the top of the $300K–$700K range and tend to resell faster. Compare multiple unit lines in person — listing photos rarely capture how sightlines and natural light vary across the building's floor plan matrix.

What is the walk score and lifestyle like at The Gramercy?

The Gramercy's 215/Russell mixed-use setting gives residents immediate walkability to the plaza-level restaurants and offices below — unusual in a southwest Las Vegas market built around driving. Grocery, dining, and fitness needs are met within steps. The 215 Beltway delivers the whole valley in minutes: Downtown Summerlin is twenty-five minutes west, the Strip is twenty minutes east, and Harry Reid Airport runs fifteen to twenty minutes south.

What should I know before buying at The Gramercy?

Four things matter most. First, warrantability: confirm your lender has condo project approval for this building before committing to financing terms. Second, the rental policy: read the CC&Rs before writing an offer if you plan to lease. Third, dues: $300–$700 monthly varies by unit type — get the exact figure for your unit early. Fourth, comps: with 320 units in the building, pricing is more transparent than a small enclave. Call (702) 637-1759 and we will pull the right comparables.

What down payment do you need to buy at The Gramercy?

Most Gramercy buyers put down 10% to 20%. On a $516,500 unit, that runs roughly $45,000 (10%) to $90,000 (20%) at closing. Conventional financing works if the building is warrantable — confirm project approval with your lender before shopping. FHA loans can work for primary-residence buyers at the lower price tiers; VA loans allow 0% for eligible veterans. Always verify the building's warrantability status first, as non-warrantable projects require portfolio lenders at higher rates.

What does monthly ownership cost at The Gramercy?

On a $516,500 purchase with 10% down at 7%, model roughly $2,700 in principal and interest, $225 in property taxes, $90 in insurance, $400 in HOA dues, and $200 in PMI — total carrying cost near $3,600 per month. HOA dues for your specific unit may run $300 to $700 depending on type; confirm before closing. Per Freddie Mac PMMS, rates change weekly — recalculate with your locked rate for precision.

Can Nevada Real Estate Group help me buy or sell at The Gramercy?

Yes — our team covers The Gramercy and the full southwest Las Vegas condo and mid-rise market. We pull building-specific HOA documents, advise on unit-line pricing and view premiums, connect buyers with lenders who have approved the building, and coordinate the resale package review during escrow. Call (702) 637-1759 or submit the form on this page and a specialist will respond within the hour.

Updated September 2026

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PEOPLE ALSO ASK

What Else Do People Ask About The Gramercy?

These are the eight queries Gramercy buyers actually type into Google and AI assistants — answered with specifics you can verify: market figures from Las Vegas REALTORS, tax law from the Nevada Revised Statutes, and community facts from the plan record.

Is The Gramercy a good investment in Las Vegas?

The Gramercy offers a reasonable value-tier condo investment: a $300K–$700K basis, 2008-vintage modern product, HOA-covered operating costs, and Nevada's zero state income tax on rental income. Check the CC&Rs rental policy first — investment returns depend entirely on what the building board allows for minimum lease terms and rental caps.

What ZIP code is The Gramercy in?

The Gramercy is in ZIP code 89148 — the southwest Las Vegas corridor along the 215/Russell Road intersection. That places it inside the City of Las Vegas with immediate 215 Beltway access, fifteen minutes from Harry Reid Airport and twenty minutes from the Strip.

Does The Gramercy allow short-term rentals?

Short-term rental policy at The Gramercy is set by the HOA CC&Rs and can change by board vote. Never assume short-term rentals are permitted — request the current rental policy documents during your contingency window before closing. The City of Las Vegas also regulates short-term rentals independently of the HOA; both layers apply.

How many units are in The Gramercy?

The Gramercy contains 320 residential units across the mixed-use mid-rise building, per the community plan record. The Fifield Companies completed the building in 2008; today's market is entirely resales — no new construction is possible within the existing building envelope.

Is The Gramercy a condo or townhome community?

Both — The Gramercy is a mixed-use mid-rise with standard condo units from $300K and multi-level townhome-style residences from approximately $550K. All units are condominiums in the legal sense, governed by the same HOA; townhome residences have multi-level layouts with dedicated entry foyers that feel more like single-family homes.

What is the address of The Gramercy Las Vegas?

The Gramercy is located in the 215/Russell Road corridor of southwest Las Vegas, ZIP 89148, in the City of Las Vegas. Call (702) 637-1759 or search the live listings on this page for the current unit addresses active on the MLS.

Can I get an FHA loan to buy at The Gramercy?

Possibly — FHA loans require the condo project to have FHA approval, which must be confirmed with your lender before committing to that financing path. FHA-approved buildings allow as little as 3.5% down for qualifying buyers. If the project is not currently FHA-approved, conventional or portfolio financing becomes the alternative. Our team can refer lenders who know The Gramercy's current approval status.

Is The Gramercy near the Las Vegas Strip?

The Gramercy is about twenty minutes from the midpoint of the Las Vegas Strip via the 215 Beltway — close enough for Strip events and dining without paying the Strip-adjacent price premium. The immediate neighborhood is southwest Las Vegas's professional residential corridor, not the entertainment district.

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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.

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NEARBY COMMUNITIES

Which Communities Are Within 30 Minutes of The Gramercy?

Compare The Gramercy with neighboring Las Vegas high-rise and condo communities, plus nearby master plans. Each card pairs the commute time with price positioning so you can judge whether a different building or community actually buys you more home or amenity for the money.

20 MIN W

One Queensridge Place

$1.3M

20 min from The Gramercy

View One Queensridge Place →

20 MIN E

Turnberry Place

From $400K

20 min from The Gramercy

View Turnberry Place →

20 MIN E

Las Vegas (citywide)

$476K

20 min to the Strip from The Gramercy

View Las Vegas (citywide) →

25 MIN W

Summerlin

$728K

25 min from The Gramercy

View Summerlin →

25 MIN SE

Henderson

$548K

25 min from The Gramercy

View Henderson →

30 MIN SE

MacDonald Highlands

From $800K

30 min from The Gramercy

View MacDonald Highlands →

A–Z INDEX

Which Las Vegas Mid-Rise and Condo Communities Can You Compare A–Z?

The Gramercy sits within the broader southwest Las Vegas and Las Vegas Valley condo market. The communities below are indexed alphabetically for orientation, and our team can pull current listings, HOA documents, and building-specific data for any of them on request.

L

Sources & Methodology

Where Does This Gramercy Data Come From?

Every statistic on this page is sourced from a primary or government dataset, and we refresh these numbers monthly. The Gramercy's 320-unit scale provides meaningful comp data for the 89148 corridor — more transparent than boutique buildings, though individual unit-level figures still require a specific comp pull. Follow any link below to verify a claim.

  1. Las Vegas REALTORS (LVR) — Median list and sold prices, days on market, active and closed counts for ZIP code 89148 and the southwest Las Vegas corridor. lasvegasrealtors.com
  2. U.S. Census Bureau — Las Vegas city population, income, age, and housing data (The Gramercy is not separately tabulated). census.gov/quickfacts
  3. City of Las Vegas — City services, police coverage, short-term rental rules, and municipal planning for the 89148 address. lasvegasnevada.gov
  4. Clark County Assessor — Property tax rates, assessed values, and parcel data for the 89148 corridor. clarkcountynv.gov/assessor
  5. Nevada Revised Statutes 361.471 — The 3% annual property-tax cap on primary residences. leg.state.nv.us
  6. Clark County School District (CCSD) — K-12 school boundary data, enrollment, and campus information for the 89148 address. ccsd.net
  7. FBI Uniform Crime Reporting (UCR) — Las Vegas violent and property crime rates, national comparisons. fbi.gov/ucr
  8. U.S. Bureau of Labor Statistics — Metro employment, unemployment, and wage data for the Las Vegas MSA. bls.gov
  9. GreatSchools.org — K-12 school ratings, test scores, and student-teacher ratios for schools serving the 89148 corridor. greatschools.org
  10. Freddie Mac PMMS — Mortgage rate weekly survey 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).

Updated: September 2026 · Next update: October 15

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