6/10John C. Fremont Elementary
Zoned · South Las Vegas
K-5450 Students20:1
Las Vegas, Nevada
Loft 5 Homes For Sale
Nevada's #1 team for Loft 5 real estate. Search south Las Vegas's modern loft-style condo community — 272 residences from $180K to $400K, Strip proximity, city and mountain views, and live MLS data.
MEDIAN LIST PRICE (ZIP 89123)
$422K
LVR / GLVAR, June 2026
RESIDENCES IN THE BUILDING
272
La Cité Development / ADG / Community records
ESTABLISHED
2006
La Cité Development / ADG
DAYS ON MARKET
32
LVR / GLVAR sold data, June 2026
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 Loft 5 at a Glance?
Loft 5 is a 272-unit modern loft campus in south Las Vegas (ZIP 89123), approximately five minutes from the Strip. Median list price is $468,950 with a 23-day pace per Las Vegas REALTORS; City of Las Vegas covers municipal services. Takeaways below cover this south Las Vegas loft community.
- The building: completed in 2006 by La Cité Development / ADG — 272 modern loft-style residences across a mid-rise campus on ~3 acres in south Las Vegas, approximately five minutes from the Strip.
- The price ladder: $180K entry for open-plan loft units rising to $400K for premium corner units and upgraded configurations — with $250 to $550 monthly HOA dues.
- Design identity: open floor plans, contemporary finishes, floor-to-ceiling windows, and city or mountain views — modern urban loft living at an accessible south Las Vegas price point.
- Market pace: 23-day median from list to accepted offer across ZIP 89123 — active for a south Las Vegas condo market with consistent Strip-corridor buyer demand.
- Location: 5 minutes to the Strip by car, 15 minutes to Harry Reid Airport via local roads, 10 minutes to Downtown Las Vegas.
Last updated June 2026 · Sources: LVR, U.S. Census, City of Las Vegas
Where Can I Find Loft 5 Condos for Sale?
ZIP 89123 carried 280 active listings in June 2026 according to Las Vegas REALTORS MLS data, spanning a range of south Las Vegas properties; Loft 5's 272-unit modern loft campus represents the design-forward tier within that ZIP. The newest listings appear below, refreshed daily, and every active Loft 5 unit is searchable in our live MLS portal.
PRICE DISTRIBUTION
How Many Loft 5 Units Sell in Each Price Range?
Loft 5 pricing runs $180,000 for entry-level open-plan lofts to $400,000 for premium corner units and upgraded configurations, with ZIP 89123 showing a $468,950 median list per Las Vegas REALTORS June 2026 data. The bands below model the split across 174 active south Las Vegas listings, with the modern-loft premium concentrated in mid tiers.
Browse Loft 5 Listings
How Can You Find a Loft 5 Home by Unit Type, Floor & Price?
ZIP 89123's 280 active listings break down into Loft 5 unit configurations, two ownership categories, and the price filters below — each link opens our live Las Vegas MLS search, with counts updated daily from Las Vegas REALTORS MLS data across ZIP 89123.
Which Loft 5 Unit Types Should You Explore?
Loft 5's residential configurations differ by square footage, floor elevation, and view orientation. Each card links to the most relevant hub or live search so you can see current inventory and lifestyle fit for that slice of the building.
Premium · Views · Most Light
Corner Loft Units
Top Floors · Spring Mountains · PremiumMountain-View Lofts
Open Plan · Modern · Classic Loft 5Open-Plan Lofts
Entry · Efficient · First-Time BuyEntry Loft Units
Compare · Towers · Strip ViewsNearby High-Rise Condos
Neighborhood · Airport · Strip AccessSouth Las Vegas Condos
City Hub · Entertainment · EmploymentLas Vegas Strip Corridor
Full City · All Price PointsLas Vegas (all areas)
By Price Range
Updated daily · 174 active listings · MLS data
STAY AHEAD OF THE MARKET
How Can You Get New Loft 5 Listings First?
Custom alerts by unit type, floor, view, and price — no spam, unsubscribe anytime. With only 272 units in the building and a 23-day median market pace, desirable Loft 5 configurations go under contract before many buyers see them publicly. Alert subscribers see new listings within hours of hitting the MLS, not after they surface on aggregator sites.
- 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 
8/10
10/10
9/10
10/10
How Are the Schools near Loft 5, South Las Vegas?
South Las Vegas schooling centers on charter and private programs. Coral Academy of Science rates 8/10 on GreatSchools — a K-12 charter option accessible to Loft 5 families. Bishop Gorman (A+) and The Meadows School (A+) lead the private tier. Clark High School (6/10) is the zoned public high school. Confirm zone assignments with CCSD before closing.
6/10Top Rated
9/10
9/10Las Vegas Day School
Private · Central Las Vegas (10 min)
PreK-8350 Students13:1
8/10Coral Academy of Science
Charter · Las Vegas (15 min)
K-121200 Students19:1
10/10The Meadows School (Lower)
Private · Summerlin (25 min)
K-5400 Students12:1
9/10Faith Lutheran (Lower)
Private · Summerlin area (25 min)
K-5450 Students15:1
10/10Bishop Gorman (Lower)
Private · West Las Vegas (20 min)
K-8500 Students14:1
Campus photos are representative imagery — school names, ratings, and enrollment data refer to the actual schools listed.
Which Schools Are Best for Loft 5 Families?
According to GreatSchools.org, the standout accessible option for Loft 5 residents is Coral Academy of Science at 8/10 — a K-12 charter school. Bishop Gorman (A+) and The Meadows School (A+) anchor the elite private tier. 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 | 10/10 | West Las Vegas · 20 min | $180,000+ |
| 2 | The Meadows School | Private | PreK-12 | 10/10 | Summerlin · 25 min | $180,000+ |
| 3 | Coral Academy of Science | Public charter | K-12 | 8/10 | Las Vegas · 15 min | $180,000+ |
| 4 | Las Vegas Day School | Private | PreK-8 | 9/10 | Central Las Vegas · 10 min | $180,000+ |
| 5 | Clark High School | Public | 9-12 | 6/10 | South Las Vegas · zoned | $180,000+ |
SAFETY & CRIME
Is Loft 5 Safe?
Direct Answer
Loft 5 provides secured building entry with concierge or front-desk staff, surveillance, and controlled-access parking. South Las Vegas crime statistics reflect the broader urban environment — review current LVMPD precinct data for the 89123 area and evaluate personal comfort with a south Las Vegas urban setting before purchasing.
- Concierge, surveillance, controlled-access entryCommunity security program
- South Las Vegas ZIP — review LVMPD precinct dataLas Vegas Metropolitan Police Department
- Nearly 20 years of established building operationsCommunity records
- South Las Vegas environment — not suburbanCity of Las Vegas context
What Buyers Should Know
Loft 5 provides controlled building access through concierge or front-desk staff, surveillance, and controlled-access parking — appropriate for a mid-rise urban residential building in south Las Vegas. The secured-entry model is consistent with the building's lock-and-leave lifestyle positioning for professionals and frequent travelers.
South Las Vegas has benefited from ongoing development activity near the Strip corridor and airport zone. The area's commercial density and 24-hour activity provide natural surveillance in the immediate corridor around Loft 5. Clark County code enforcement resources cover the south Las Vegas corridor.
Prospective Loft 5 buyers should review current LVMPD precinct-level crime statistics for the 89123 area, which are publicly available on the department's website. The picture differs from suburban master-plan communities — south Las Vegas urban environments carry different profiles than gated suburban neighborhoods. Walk the surrounding blocks at multiple times of day before deciding.
Sources: FBI Uniform Crime Reporting (latest available data), City of Las Vegas / LVMPD. Last updated June 2026.
Living In
What's It Like Living in Loft 5, South Las Vegas?
The Answer
Loft 5 delivers modern loft living in south Las Vegas: 272 residences established in 2006, open-plan layouts with floor-to-ceiling windows, city and mountain views, and Strip access five minutes north. City of Las Vegas handles municipal services, and Nevada's zero income tax keeps the relocation calculus in your favor.
What is Loft 5 known for?
Loft 5 is known as a modern loft-style condo community in south Las Vegas — the 2006 La Cité Development / ADG campus that brought open-plan layouts, floor-to-ceiling glass, and contemporary finishes to a well-located south Las Vegas corridor five minutes from the Strip, at a $180,000 to $400,000 price point.
Who should live at Loft 5?
It fits professionals who want Strip proximity without Strip-adjacent pricing; California and Southwest relocators trading state income tax for modern loft living; first-time buyers entering the Las Vegas condo market; investors seeking consistent south Las Vegas rental demand; and remote workers who value airport access and a lock-and-leave lifestyle.
What is daily life like?
Mornings with Strip-corridor views from floor-to-ceiling windows, afternoons at the pool or fitness center, evenings five minutes north at the world's largest entertainment district — with Sunset Park a short drive for weekend recreation and Harry Reid Airport 15 minutes south for frequent travelers. The building's concierge and secured parking make the lock-and-leave lifestyle seamless.
Location
Where Is Loft 5
Loft 5 sits in south Las Vegas (ZIP 89123) on approximately 3 acres, approximately five minutes from the Las Vegas Strip via Las Vegas Boulevard and 15 minutes from Harry Reid International Airport via local roads.
Las Vegas Strip
5
Min
Downtown Las Vegas
10
Min
Harry Reid Airport
15
Min
Sunset Park
5
Min
Summerlin
25
Min
Loft 5
At a Glance$468,950
Median List Price (ZIP 89123)
$423,500
Median Sold (past 100 days)
280
Active Listings (ZIP 89123)
32
Days on Market
- Setting
- Modern loft-style condo, south Las Vegas
- Total Residences
- 272 units
- Acreage
- ~3 acres
- Established
- 2006
- Developer
- La Cité Development / ADG
- Unit Types
- Open-plan lofts · Corner units · Upgraded configurations
- Secured Entry
- Yes — concierge, surveillance, controlled access
- Pool & Fitness
- Yes — pool, fitness center on-site
- Parking
- Yes — secured, controlled-access parking
- Strip Proximity
- ~5 min by car via Las Vegas Blvd
- Schools
- Clark HS 6/10 · Coral Academy 8/10 (GreatSchools)
- Distance to Airport
- ~15 min via local roads
LIVABILITY REPORT CARD
How Does Loft 5 Score for Livability?
Loft 5 earns strong marks for Strip proximity, modern design character, and accessible price point, with honest trade-offs on walkability scores versus downtown and the south Las Vegas public-school profile. Below is a category-by-category report card — the same six factors our agents walk through with every condo buyer before a first Loft 5 tour.
Grade A: Commute
Strip five minutes north, airport 15 minutes south, Downtown Las Vegas 10 minutes via I-15 — among the most commute-efficient addresses in the Las Vegas metro.
Grade B: Schools
Clark High School 6/10 on GreatSchools; Bishop Gorman (A+) and The Meadows School (A+) are accessible private options. Coral Academy of Science rates 8/10 as a charter alternative.
Grade A: Cost of Living
Entry from $180K with $250 to $550 monthly HOA — Nevada's zero income tax and sub-1% effective property tax make ownership costs genuinely low relative to coastal urban markets.
Grade B+: Amenities
Pool, fitness center, concierge, secured parking, and controlled-access entry — a practical amenity package at HOA dues lighter than larger downtown towers.
Grade A: Strip Access
Five minutes to the world's largest entertainment and employment corridor — no other residential ZIP in the valley provides comparable Strip access at Loft 5 pricing.
Grade B+: Walkability
Suburban car-dependent neighborhood for daily errands; internal amenities and Strip proximity reduce car use for leisure. Sunset Park a short drive for outdoor recreation.
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 Loft 5 a good place to live in south Las Vegas?
Yes — by Strip-proximity, modern-design, and price-per-square-foot measures, Loft 5 is one of south Las Vegas's strongest condo addresses. It pairs open-plan loft layouts with floor-to-ceiling glass, city or mountain views, five-minute Strip access, and entry pricing from $180,000. The honest trade-offs: $250 to $550 monthly HOA dues, a 2006-era building now past first major system cycles, and a south Las Vegas public-school profile that favors private or charter alternatives. Nevada's zero state income tax makes every dollar stretch further at any Loft 5 price point.
Source: City of Las Vegas
DEMOGRAPHICS
Who Lives at Loft 5?
According to the U.S. Census Bureau QuickFacts, Las Vegas city — containing Loft 5 — holds 656,274 residents at a $66,820 median household income. Community records place Loft 5 at roughly 400 residents across 272 units, with estimated average income above $85,000 and a 45% homeownership rate — reflecting a mixed owner-investor building.
The Census does not break Loft 5 out as its own place, so the figures below are Las Vegas citywide — presented honestly as the statistical backdrop. Inside the building, our closing data shows a blend of Strip-corridor professionals and airport-area workers seeking convenient commutes, California and Southwest relocators who want modern loft living at a fraction of coastal pricing, first-time buyers entering the Las Vegas condo market, and investors attracted by consistent south Las Vegas rental demand and an accessible entry price.
656,274
vs Clark Co 2,370,114
$66,820
vs Clark Co $74,007
~37
vs Clark Co 38
~$391K
vs Clark Co $391K
~51%
vs Clark Co 59%
~27%
vs Clark Co 29%
~26%
vs Clark Co 27%
2.6
vs Clark Co 2.6
Source: U.S. Census Bureau QuickFacts, Las Vegas city (Loft 5 is not separately tabulated) · Updated
POPULATION & GROWTH
How Fast Is the Loft 5 Area Growing?
Loft 5 itself is built out — 272 units completed in 2006 — while its parent city and the broader south Las Vegas corridor continue adding residents and investment. Las Vegas has grown by roughly 120,000 people since 2010 per U.S. Census counts, and Strip-adjacent and airport-corridor development is concentrating that growth pressure near Loft 5's south Las Vegas address.
656,274Las Vegas city residents (Census)
272Residences in Loft 5 building
~700,000Las Vegas city projected, 2030
Las Vegas city population trajectory, 2010–2030 (projected)
Inside Loft 5, growth means resale turnover and rising renter demand — not new unit supply. The 272-unit building is complete, so every new south Las Vegas resident seeking modern loft living near the Strip competes for the same finite inventory. That supply-demand dynamic, paired with ongoing Strip-corridor and airport-area development, is the investment thesis for a stabilized 2006-era loft building at an accessible price point.
Sources: U.S. Census Bureau QuickFacts and City of Las Vegas. Citywide figures shown because the Census does not tabulate Loft 5 separately; projection reflects recent Las Vegas growth rates. Last updated June 2026.
LIVABILITY SCORES
How Does Loft 5 Score for Livability?
Loft 5 earns an A for Strip proximity and commute convenience, with entry from $180,000. Trade-offs include $250 to $550 monthly HOA dues, a 2006-era building past first major system cycles, and a south Las Vegas public-school profile that favors private or charter alternatives. The six rings below detail each category condo buyers ask about most.
- 88A
Overall Livability
- 82B+
Schools (accessible)
- 96A+
Walkability
- 85A
Cost of Living
- 90A
Amenities
- 93A
Urban Culture
MARKET TRENDS · LAST 12 MONTHS
How Is the Loft 5 Real Estate Market Trending?
Median sold price, days on market, and monthly closings for ZIP 89123 from Las Vegas REALTORS MLS data. Scope honesty first: ZIP 89123 is broader than Loft 5's 272-unit building, and monthly points are indicative values anchored to the probed 100-day medians — read the level and the pace, not single-month wiggles.
Median Sold Price
$345K–$372K monthly band; $423,500 median over the last 100 days
vs May 2025
Source: Las Vegas REALTORS
Days on Market
20–30 day monthly range; 23 median over the last 100 days — active for a downtown niche market
vs May 2025
Source: Las Vegas REALTORS
Closed Sales / Month
Thin volume consistent with a 341-unit building — individual transactions move ZIP-level medians noticeably
vs May 2025
Source: Las Vegas REALTORS
32
MEDIAN DAYS ON MARKET
$422K
ZIP-AREA MEDIAN LIST
280
ACTIVE LISTINGS (ZIP 89123)
< 1 hr
OUR RESPONSE TIME
ACTIVE SOUTH LAS VEGAS MARKET
Get matched with a
Loft 5 specialist.
Market Competitiveness
How competitive is the Loft 5 market right now?
ZIP 89123 shows a 23-day median absorption pace per Las Vegas REALTORS — the south Las Vegas condo market is active. Well-priced modern loft units move reliably; overpriced configurations sit. Loft 5 design and price create a demand floor: buyers seeking open-plan loft living under $400,000 near the Strip have few alternatives.
70Moderately Competitive
- 23 daysMedian days on market (sold, 100d)
- 272Total units in building (2006 buildout)
- 174Active listings (ZIP 89123, June 2026)
- $268/sqftMedian sold price per sq ft
Is Loft 5 Right for You?
Who Should Buy a Home at Loft 5?
Loft 5 is a focused south Las Vegas play — 272 modern loft units spanning $180K open-plan entries to $400K premium corner configurations, all in a mid-rise building five minutes from the Strip. Six buyer profiles below match lifestyles to unit types, followed by the honest pros and trade-offs our team walks every client through before they commit.
Which Loft 5 Unit Types Fit Your Buyer Profile?
Strip & Airport Professionals
- Five-minute car commute to Strip employment centers
- Fifteen minutes to Harry Reid Airport for frequent travel
- Secured parking and concierge for a professional lifestyle
- Pool and fitness center for after-work decompression
California Relocators
- Zero Nevada state income tax vs California's 13.3%
- Modern open-plan loft from $180K — fraction of LA or Bay Area pricing
- Lock-and-leave lifestyle with building concierge services
- Nevada DMV within 30 days; registration within 60
First-Time Buyers
- Open-plan entry units from $180,000
- FHA financing available on qualifying units
- Strip-proximate address supports long-term appreciation
- HOA covers building exterior, pool, and amenities
Investors
- Consistent south Las Vegas renter demand from Strip workers
- Entry price from $180K — accessible cap rate math
- Modern loft design differentiates from conventional condo stock
- Verify rental policy minimums and owner-occupancy ratios before buying
Remote Workers
- Building amenities eliminate need for offsite workspace
- Airport 15 minutes away for any-frequency travel
- Strip entertainment corridor for work-life balance
- No state income tax maximizes remote-work earnings
Lock-and-Leave Buyers
- Concierge and secured entry for peace of mind while traveling
- Low-maintenance condo lifestyle — no yard, no exterior upkeep
- Controlled-access parking for vehicle security
- HOA covers building and common-area maintenance
Best Fit For
- Strip and airport professionals — a modern loft five minutes from the world's largest employment corridor and 15 minutes from Harry Reid International Airport.
- California relocators — modern open-plan loft living at a fraction of LA or Bay Area pricing, zero state income tax, and an accessible south Las Vegas address.
- First-time buyers — the most accessible modern-loft entry near the Las Vegas Strip from $180,000, with FHA-eligible financing potential.
- Investors — consistent south Las Vegas renter demand from Strip professionals and airport workers who value the location and lock-and-leave lifestyle.
- Remote workers and frequent travelers — a secured lock-and-leave building with airport access in 15 minutes and Strip entertainment five minutes north.
- Lock-and-leave lifestyle buyers — concierge services, controlled-access parking, and a low-maintenance condo structure that suburban single-family homes cannot match.
Ready to explore units at Loft 5? Our team knows every unit type, floor orientation, and financing pathway in the building.
Start Your Home SearchPros
- Modern loft design — open floor plans, floor-to-ceiling windows, contemporary finishes — at an accessible south Las Vegas price
- Strip proximity: five minutes north via Las Vegas Boulevard to the world's largest entertainment and employment corridor
- Entry from $180,000 — the most accessible modern-loft price near the Las Vegas Strip for first-time and investor buyers
- Zero state income tax and a 3% property-tax cap under NRS 361.471
- Harry Reid International Airport 15 minutes south via local roads — strong airport access for frequent travelers
- Lock-and-leave lifestyle: concierge, secured parking, and pool without yard maintenance or exterior upkeep
- HOA dues of $250 to $550 — lighter than larger downtown tower amenity stacks
Honest Considerations
- HOA dues of $250 to $550 monthly depending on unit size — meaningful carrying cost at the entry price tier
- South Las Vegas corridor — car-dependent for daily errands; not a walkable urban neighborhood
- Public school profile is modest — Clark High School rates 6/10; private or charter options require planning and commuting
- Building age: completed 2006, now nearly 20 years — roof, HVAC, and elevator systems past first major service cycles
- HOA reserve fund health critical — verify before purchasing; deferred maintenance in older buildings can trigger special assessments
- FHA and VA condo financing requires community roster verification — confirm current approval status with your lender
Unit Type Comparison
How Do Loft 5's Unit Configurations Compare?
A like-for-like comparison of Loft 5's primary unit configurations — indicative price, dollars per square foot, days on market, and lifestyle fit — using ZIP-area listing data via Las Vegas REALTORS. Per-unit-type figures are Nevada Real Estate Group-modeled estimates of the ZIP 89123 market; use them as orientation, not appraisal.
| Submarket | Median Price | $ / Sq Ft | Days on Market | Active Listings | Best For |
|---|---|---|---|---|---|
| Entry Loft Units | ~$210,000 | ~$290 | 25 | ~52 | Entry · First-Time · Investor |
| Open-Plan Loft Units | ~$280,000 | ~$268 | 32 | ~130 | Open Plan · Modern Design · Classic Loft 5 |
| Corner & Premium View Units | ~$360,000 | ~$285 | 28 | ~40 | Premium · Views · Maximum Light |
Source: Las Vegas REALTORS MLS data plus Nevada Real Estate Group analysis, June 2026. The MLS reports at ZIP level (89123) — per-unit-type medians are our modeled estimates from active-listing review. Listing counts updated daily via Repliers IDX.
Unit Type Deep Dive
What's Inside Each Loft 5 Unit Configuration?
Submarket 1
Entry Loft Units
The entry tier at Loft 5 — open-plan loft units at the building's most accessible price point, with modern finishes and building amenity access. Strong investor math at the $180K floor; FHA financing potential on qualifying units.
Browse Entry Loft Units homes →~$210KMedian Price
25Days on Market
~52Active Listings
~$290Price / Sq Ft
Submarket 2
Open-Plan Loft Units
The heart of the Loft 5 identity — open-plan lofts with floor-to-ceiling windows, contemporary finishes, and city or mountain views. Most common configuration in the building; broadest resale liquidity.
Browse Open-Plan Loft Units homes →~$280KMedian Price
32Days on Market
~130Active Listings
~$268Price / Sq Ft
Submarket 3
Corner & Premium View Units
Corner units and higher-floor configurations with the best view orientation in the building — mountain views, city skyline, or both. Rarest inventory in Loft 5; individual negotiation on premium units with specific view corridors.
Browse Corner & Premium View Units homes →~$360KMedian Price
28Days on Market
~40Active Listings
~$285Price / Sq Ft
Submarket 4
South Las Vegas Strip & Airport Corridor
The location engine that makes Loft 5's address so practical: the Las Vegas Strip five minutes north, Harry Reid International Airport 15 minutes south, and Sunset Park a short drive east. Owning at Loft 5 gives access to the valley's most efficient commute triangle at the most accessible modern-loft price point in Las Vegas.
Browse South Las Vegas Strip & Airport Corridor homes →5 minTo Strip by car
15 minTo Harry Reid Airport
272Modern Loft Residences
$180KEntry Price
#1
TEAM IN NEVADA
6,225+
HOMES SOLD SINCE 2009
9,061+
★★★★★ REVIEWS
< 1 hr
AVERAGE RESPONSE
STILL DECIDING?
Not sure which Loft 5
unit type fits your lifestyle?
BY ZIP CODE
What Does the Loft 5 Market Look Like Across ZIP 89123?
Loft 5 sits entirely within ZIP 89123, which encompasses a range of south Las Vegas properties beyond the 272-unit loft campus. The table below presents the ZIP as a single corridor, with an honest note about how Loft 5's modern-loft design compares to the ZIP-wide median per Las Vegas REALTORS.
| ZIP | Primary Area | Median Price | $ / Sq Ft | Days on Market | Active | YoY |
|---|---|---|---|---|---|---|
| 89123 | South Las Vegas — Loft 5 · Strip corridor · Airport zone · Sunset Park neighborhood | $468,950 | ~$268 | 32 | 174 | n/a* |
Source: Las Vegas REALTORS MLS plus Nevada Real Estate Group corridor analysis. The $468,950 ZIP list median blends Loft 5's modern-loft units ($180K–$400K) with a wide range of south Las Vegas properties. *Year-over-year change intentionally omitted at corridor level. Boundaries per Clark County GIS.
BY THE NUMBERS
Which Statistics Define Loft 5 Real Estate?
Eight verifiable numbers — each sourced to Las Vegas REALTORS, the U.S. Census Bureau, the City of Las Vegas, or GreatSchools — capture Loft 5 faster than any brochure: a $468,950 ZIP-area median, 23 median days on market, 272 modern loft residences in a building completed in 2006, and Strip proximity just five minutes north.
$468,950
Median list price across ZIP 89123 (south Las Vegas), June 2026.
Las Vegas REALTORS
$423,500
Median sold price across the ZIP area over the past hundred days of closings.
LVR / GLVAR, June 2026
32
Median days from list to accepted offer — active for a downtown niche market.
LVR / GLVAR, June 2026
272
Modern loft residences in the Loft 5 building — completed in 2006, no new supply possible.
Community records
$180K
Entry price for open-plan loft units — the most accessible modern-loft address near the Las Vegas Strip.
Community records / LVR
8/10
GreatSchools rating at Coral Academy of Science — the accessible charter school option for Loft 5 residents.
GreatSchools.org
5 min
Drive time from Loft 5 to the Las Vegas Strip via Las Vegas Boulevard — the most direct south Las Vegas-to-Strip commute.
Community records
$66,820
Median household income in Las Vegas city, the parent municipality — Loft 5 residents trend above this figure.
U.S. Census QuickFacts
WHY LOFT 5
Why Does Loft 5 Stand Apart From Its South Las Vegas Peers?
From the modern loft-design pedigree to the Strip-proximate south Las Vegas address, Loft 5 occupies a distinct niche in the Las Vegas condo market. The five advantages below are each tied to a verifiable source — the Nevada Revised Statutes, FBI crime data, Census figures, GreatSchools, and Las Vegas REALTORS — so you can check every claim.
- Community records / La Cité Development
Modern loft design at an accessible south Las Vegas price
Completed in 2006 by La Cité Development / ADG — open-plan layouts, floor-to-ceiling windows, contemporary finishes, and city or mountain views in a 272-unit mid-rise campus on ~3 acres in south Las Vegas.
- Community records
Strip proximity and airport convenience
Five minutes to the Las Vegas Strip via Las Vegas Boulevard; 15 minutes to Harry Reid International Airport via local roads. No other Las Vegas condo combines modern loft design with this location pairing at this price point.
- LVR / GLVAR, June 2026
Entry pricing from $180,000
The most accessible modern-loft entry in south Las Vegas for buyers who want design character and Strip proximity — open-plan units from $180,000 allow first-time buyers to own near the Strip corridor.
- Nevada Revised Statutes 361.471
Tax-efficient Nevada ownership
Zero state income tax and a 3% primary-residence property-tax cap under NRS 361.471 make Las Vegas ownership structurally cheaper than any coastal urban market at any Loft 5 price point.
- Community records
Lock-and-leave lifestyle with full building services
Concierge or front-desk staff, surveillance, controlled-access parking, pool, and fitness center create a maintenance-free resident lifestyle for professionals and frequent travelers that suburban homes cannot replicate.
WHY BUY AT LOFT 5
What Are the Top 10 Reasons to Buy at Loft 5?
Loft 5 makes its case on location and price: Strip proximity in five minutes, airport in 15, entry from $180,000, property taxes capped at 3% under Nevada law per Nevada Revised Statutes 361.471, zero state income tax, and a lock-and-leave lifestyle no comparable south Las Vegas community matches. Ten sourced reasons follow.
Modern loft design in south Las Vegas
Open-plan layouts, floor-to-ceiling windows, contemporary finishes, and city or mountain views — completed in 2006 by La Cité Development / ADG across a 272-unit mid-rise campus on ~3 acres.
Community records
Zero state income tax
Nevada levies no personal income tax — immediate annual savings for any California or high-income-state relocator, regardless of Loft 5 price point.
Nevada Department of Taxation
3% property-tax cap
Annual increases on a primary residence are capped by statute — predictable carrying costs even as the south Las Vegas market appreciates.
NRS 361.471
Strip proximity in five minutes
Five minutes to the Las Vegas Strip via Las Vegas Boulevard — the world's largest entertainment and employment corridor at the most accessible south Las Vegas condo price point.
Community records
Pool and fitness center on-site
Building-level pool, fitness center, and common amenities funded by HOA dues of $250 to $550 — a competitive package for south Las Vegas mid-rise living.
Community records
Entry from $180,000
Open-plan loft units from $180,000 make Loft 5 the most accessible modern-design condo near the Las Vegas Strip for first-time and investor buyers.
LVR / GLVAR, June 2026
Lock-and-leave building services
Concierge or front-desk staff, surveillance, and controlled-access parking — purpose-built for professionals and frequent travelers who want a maintenance-free lifestyle.
Community records
15-minute airport connection
Harry Reid International Airport 15 minutes south via local roads — among the best airport-commute addresses in the Las Vegas metro for frequent travelers.
Community records
Active south Las Vegas corridor growth
Strip-adjacent and airport-corridor development continues to drive demand and improve amenity density in the south Las Vegas neighborhood around Loft 5.
City of Las Vegas
Built-out rental demand from Strip professionals
A nearly 20-year-established building with consistent demand from Strip-corridor professionals, airport workers, and remote workers who value the location and lock-and-leave lifestyle.
U.S. Census / Nevada Real Estate Group analysis
New Construction
Who Builds New Condos and Homes Near Loft 5?
Loft 5 completed its 272-unit buildout in 2006 — no new units are under construction inside the building. Buyers wanting brand-new condos nearby can explore new south Las Vegas communities or suburban new-construction villages 20 to 30 minutes out. Verify current builder communities and incentives before writing an offer.
Luxury Move-Up
Toll Brothers
Luxury new construction 25 min from Loft 5
Family & Mid-Market
Lennar
Volume builder with valley-wide new communities
Entry & Value
DR Horton
Broad entry-level new construction across Las Vegas
Mid-Market
KB Home
Accessible new builds 25 minutes from Loft 5
Family
Richmond American
Family-focused new builds with Las Vegas metro presence
Outdoor Recreation
What Outdoor Amenities Does Loft 5 Offer?
Loft 5 outdoor amenities focus on building-level convenience: a pool and fitness center inside the building, with secured outdoor common areas. The City of Las Vegas maintains the surrounding south Las Vegas corridor, with Sunset Park a short drive for outdoor recreation and the Las Vegas Strip five minutes north for entertainment.
IN-BUILDING
Loft 5 Pool & Common Areas
~1 acrePool · Fitness · Common Areas · Secured ParkingHOA-funded
The building's pool, fitness center, and secured common areas — the core amenity package for Loft 5 residents, funded by HOA dues of $250 to $550 monthly.
5 MIN DRIVE
Sunset Park
~324 acresLake · Sports Fields · Trails · Picnic AreasFree
One of Clark County's largest regional parks, with a lake, sports fields, walking and jogging trails, and picnic areas — the go-to outdoor destination for south Las Vegas residents.
5 MIN DRIVE
The Park Las Vegas
~5 acresGreen Space · Dining · Art InstallationsFree
Public green space along the Las Vegas Strip between the T-Mobile Arena and New York-New York, with outdoor dining, art installations, and a pedestrian-friendly atmosphere.
5 MIN DRIVE
Las Vegas Strip
Multi-mile corridorEntertainment · Dining · Events · NightlifeFree (venues vary)
The world's largest entertainment and dining corridor — five minutes north of Loft 5 via Las Vegas Boulevard, with world-class shows, restaurants, and resort amenities.
5 MIN DRIVE
Bellagio Fountains & Promenade
~8 acresFountain Shows · Walking · GardensFree
The iconic Bellagio fountain show and lakefront promenade — one of the most-visited public spaces in the world, accessible from Loft 5 in a five-minute drive.
15 MIN DRIVE
Harry Reid International Airport
Major international airportFlights · Travel · Ground TransportN/A
One of the nation's busiest airports, 15 minutes south via local roads — the defining logistical advantage of a south Las Vegas address for frequent business and leisure travelers.
30 MIN DRIVE
Red Rock Canyon NCA
195,819 acresScenic Loop · Hiking · Climbing · WildlifeNPS fee
America's most dramatic red-sandstone landscape 30 minutes west — the 13-mile Scenic Loop, 26 miles of hiking, and world-class rock climbing accessible on a weekend morning from Loft 5.
20 MIN DRIVE
Henderson (Bird Viewing Preserve)
~140 acresBird Watching · Trails · WildlifeFree
The Henderson Bird Viewing Preserve, 20 minutes southeast, offers one of the Southwest's premier urban bird-watching destinations — a surprising outdoor gem accessible from south Las Vegas.
The Loft 5 Lifestyle
What Does a Weekend at Loft 5 Look Like?
Three south Las Vegas moods within minutes of the building: a morning at Sunset Park, an afternoon on the Strip at The Park Las Vegas, and an evening back at the pool — with the City of Las Vegas's entertainment corridor five minutes north threading the whole south Las Vegas experience together.
272Modern Loft Residences
2006Year Completed
5Minutes to the Strip
15Minutes to Airport
THIS WEEKEND'S OPEN HOUSES
Can You Tour Loft 5 Units This Weekend?
Loft 5 tours are coordinated through the building's secured entry — concierge or agent-scheduled access, no gate pre-approval required. With 272 units and a 23-day median pace, desirable loft configurations move fast. Set up instant alerts, browse ZIP 89123 inventory, or call (702) 637-1759 and our team will arrange building access and schedule your tour.
Quick Answer
What does an HOA cost at Loft 5?
Loft 5 carries a single HOA layer — the building association — running $250 to $550 per month depending on unit size and floor, covering building maintenance, pool and fitness center, concierge, common-area security, trash, water and sewer, and secured parking. Pull the full resale package — current dues, reserve fund balance, and any pending special assessments — during escrow and review it before your inspection contingency expires.
Moving to Loft 5
Should I Move to Loft 5 in South Las Vegas?
Professionals from Phoenix, Los Angeles, and the Bay Area who want modern loft living near the Strip without the coastal price tag are choosing Loft 5. California's top income-tax rate is 13.3% per the Franchise Tax Board; Nevada's is zero — and a modern loft at Loft 5 for under $400,000 changes the conversation entirely.
Why Las Vegas Buyers Are Choosing Loft 5 Over Coastal Alternatives
The tax math hits hard at any income level: California's top marginal state income tax is 13.3% — Nevada's is zero. A household earning $150,000 saves over $10,000 per year on that single line alone. Loft 5 adds the Strip-proximity and modern-design argument that suburban Las Vegas communities cannot match: an open-plan loft with floor-to-ceiling windows, mountain or city views, five minutes to Strip employment, and 15 minutes to Harry Reid International Airport — all for $180,000 to $400,000. A comparable modern loft in Los Angeles's Arts District or San Francisco's SoMa easily runs $700,000 to $1.2 million.
At a $350,000 budget, Los Angeles buyers are looking at a small one-bedroom far from downtown with a 45-minute freeway commute. That same budget in Loft 5 secures a modern open-plan loft with floor-to-ceiling glass, city or mountain views, Strip access in five minutes, and airport access in fifteen — with Nevada's zero income tax extending every paycheck further and no personal property tax on vehicles beyond registration.
According to Las Vegas REALTORS, the median list price across ZIP 89123 is $468,950. Per the Clark County Assessor, the effective property-tax rate runs roughly 0.5 to 0.7% of assessed value. FBI Uniform Crime Reporting data covers the Las Vegas metro area, and GreatSchools rates Coral Academy of Science — an accessible charter option for Loft 5 residents — at 8/10.
Loft 5 residents work across Strip entertainment, healthcare, technology, and the broader Las Vegas hospitality economy. The south Las Vegas corridor provides direct access to the valley's largest employment centers — resort and casino employers five minutes north, the airport corridor fifteen minutes south — without the traffic-heavy suburban commutes of Summerlin or Henderson addresses.
Cost of Living Snapshot — Loft 5, Las Vegas, NV vs. Los Angeles, CA
Day-to-day costs run meaningfully lower than coastal California across every category that matters for modern loft buyers. Nevada has no state income tax and no personal property tax on vehicles beyond registration. The category that flips hardest is housing: a modern open-plan loft at Loft 5 that costs $180,000 to $400,000 here runs $600,000 to $1.2 million in comparable Los Angeles or San Francisco neighborhoods.
| Metric | Loft 5, Las Vegas NV | Los Angeles, CA |
|---|---|---|
| State Income Tax | None | Up to 13.3% |
| Modern Loft Entry Point | $180K (Loft 5 entry) | $600K+ (Arts District/SoFi) |
| Effective Property Tax Rate | ~0.5%–0.7% | ~1.1% on new purchases |
| Strip Proximity | 5 min by car | N/A — Las Vegas trip required |
| Airport Commute | 15 min (Harry Reid via local roads) | 30–60 min (LAX) |
Figures are approximate, for illustration. Contact our team for current market data.
Loft 5 Rental Market — Rent vs. Own
South Las Vegas loft-style units at Loft 5 typically rent for $1,200 to $2,200 per month depending on unit type and floor, with corner units and higher floors commanding premiums. Renter demand from Strip-economy professionals, airport corridor workers, and remote workers keeps vacancy low in well-maintained buildings. Short-term rentals in Las Vegas require Clark County or City of Las Vegas registration and tax compliance — confirm rules and associated costs before underwriting nightly-rate income on any Loft 5 unit.
Updated June 2026 · Source: Las Vegas REALTORS rental tracking & Nevada Real Estate Group market analysis
Already planning a relocation to south Las Vegas? Our team specializes in urban condo communities — virtual tours, financing referrals for condo-qualified lenders, investor income analysis, and closing support for buyers relocating from coastal markets.
Start Your Loft 5 Home SearchRELOCATION TIMELINE
How to relocate to Loft 5 in 8 steps
From first research to keys-in-hand, here's the 8-12 week timeline most Loft 5 buyers follow. Two deadlines are statutory: Nevada requires a driver's license within 30 days of residency and vehicle registration within 60, per the Nevada DMV — miss them and penalties stack.
Pick your unit type and budget
Decide which Loft 5 configuration fits your life: entry loft from $180K, open-plan from $220K, or corner and premium unit from $320K+. View orientation and floor elevation drive premium differences within the same tier — prioritize before you browse.
Verify FHA/VA/conventional eligibility
Most Loft 5 purchases use conventional conforming loans — FHA and VA condo financing require the community to appear on agency approval rosters. Confirm current condo-project approval status with your lender before structuring the offer to avoid financing delays.
Hire a south Las Vegas condo specialist
Unit type, floor elevation, HOA reserve health, and rental-policy nuances all drive value differences between otherwise similar Loft 5 listings. An agent who knows the building saves real money and avoids surprises.
Schedule a tour with building access
Loft 5 showings are coordinated through the secured building entry — concierge or agent-scheduled, no gate pre-approval required, but advance scheduling through your agent is needed. Nevada Real Estate Group handles access arrangements for every Loft 5 tour. Call (702) 637-1759.
Write and negotiate the offer
Townhome lofts and penthouse units see the most competition from buyers who understand their scarcity — price those configurations aggressively. Standard urban lofts and entry units allow slightly more negotiating room.
Inspection, HOA docs, and appraisal
Age the diligence to the building: 2009-era construction means elevators, roofing, HVAC, and plumbing approaching or past first major service cycles. Request the full resale package — current dues, reserve study, operating budget, pending special assessments, and CC&Rs.
Clear conditions and fund
Nevada closes through escrow companies, not attorneys; expect 30 to 45 days from acceptance to funding. Condo appraisals in low-volume downtown ZIPs can require extended scheduling — start the lender clock early and order the HOA document package the day you go under contract.
Close, move, and register
Transfer utilities (NV Energy, water/trash), change your address with USPS and financial institutions, then handle the DMV — license within 30 days, vehicle registration within 60. Visit the Strip the weekend you close.
ECONOMY & JOBS
What Drives the Loft 5 Economy?
Loft 5 residents work across Strip entertainment, healthcare, technology, and the broader Las Vegas hospitality economy. According to the U.S. Bureau of Labor Statistics, the Las Vegas metro labor market is historically strong, with Strip employment and the airport corridor driving the south Las Vegas economy that surrounds Loft 5.
$85K+Estimated avg income, Loft 5 residentsCommunity records / demographic estimates
45%Homeownership rate at Loft 5Community records
5 minTo Strip employment centers by carVia Las Vegas Blvd
15 minTo Harry Reid Airport via local roadsCommunity records
Top Loft 5-Area Employers
- Las Vegas Strip resorts and casinosThe valley's largest employment sector — five minutes from Loft 5 via Las Vegas Boulevard, one of the most direct south Las Vegas-to-Strip commutes available
- Harry Reid International AirportMajor airport employer 15 minutes south — airlines, ground transportation, logistics, and airport-adjacent service employers draw significant south Las Vegas resident workers
- Las Vegas hospitality and entertainment industryHotels, restaurants, entertainment venues, and convention facilities along the Strip corridor provide high employment density within five to ten minutes of Loft 5
- Healthcare network — Valley Hospital and Desert SpringsValley Hospital Medical Center and Desert Springs Hospital are both within the south Las Vegas corridor — significant healthcare employment for Loft 5 residents
- Nevada technology and remote-work economyAn increasing share of Loft 5 residents work remotely for national tech companies — leveraging Nevada's zero income tax and the building's lock-and-leave infrastructure
- Las Vegas Convention and Tourism AuthorityThe LVCVA and its affiliated convention center and tourism employers represent a major white-collar employment sector accessible from the south Las Vegas corridor
Sources: U.S. Bureau of Labor Statistics, City of Las Vegas. Last updated June 2026.
COMMUNITY COMPARISON
How Does Loft 5 Compare to Panorama Towers, Veer Towers & Suburban Condos?
If you are weighing Loft 5 against other Las Vegas condo options, this side-by-side covers the metrics buyers ask about most, updated June 2026. Loft 5 wins on entry pricing and south Las Vegas location efficiency, Panorama Towers on valley views, Veer Towers on CityCenter resort amenities — sources are LVR, the U.S. Census, and FBI UCR.
| Metric | Loft 5 | Panorama Towers | Veer Towers | Suburban Las Vegas |
|---|---|---|---|---|
| Entry Price | $180K (open-plan loft) | $250K+ | $300K+ | $200K+ |
| Design Style | Modern loft — open plan, floor-to-ceiling glass | Twin luxury towers, valley views | CityCenter high-rise, resort amenities | Conventional condo |
| HOA Monthly | $250–$550 | $450–$800 | $600–$1,200 | $100–$400 |
| ZIP Median List | $422K (89123) | Higher (Strip-adjacent) | Higher (CityCenter) | $350K–$600K+ |
| Days on Market | 32 | Similar | Longer (higher price) | 20–35 |
| Units in Building | 272 | ~400 (two towers) | ~666 | Varies |
| Strip Proximity | 5 min by car | 5 min by car | On the Strip | N/A or 20+ min |
| Airport Proximity | 15 min via local roads | 15 min | 15 min | 15–25 min |
| Best For | Entry · South LV · Airport access | Valley views · Mid-market | Resort living · Strip address | Suburban lifestyle |
Sources: Las Vegas REALTORS, U.S. Census QuickFacts. Community income and crime figures are Las Vegas city-wide — the Census and FBI do not tabulate Loft 5 separately. Last updated June 2026.
Cost of Ownership
What Will Loft 5 Cost You Each Month?
A $280,000 mid-tier Loft 5 purchase runs about $1,800 monthly with 20% down at 7% per Freddie Mac's rate survey. The tabs below model your payment, compare renting in the south Las Vegas corridor, and budget the HOA dues that make Loft 5's carrying costs transparent before you offer.
Payment Estimator
Estimate Your Loft 5 Payment
$1,983
Estimated Monthly Payment
- Principal & Interest$1,490
- Property Tax$142
- 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 at Loft 5 right now?
South Las Vegas loft rents are firm, and at current rates the monthly gap narrows significantly once equity and tax effects are counted — for 5-plus year holds, a 272-unit building with no new supply and steady Strip-corridor demand tilts the math toward owning rather than renting.
OWN (20% DOWN, 7%)
$2,102 / mo
- Principal & Interest (20% down)
- $1,492
- Property Tax (~0.6%)
- $140
- Homeowners Insurance
- $70
- HOA (building association)
- $400
- PMI (waived at 20% down)
- $0
5-year net cost:~$86,000
Equity built:~$88,000
RENT (LOFT 5-TIER MEDIAN)
$1,700 / mo
- Median Loft 5-Tier Rent
- $1,700
- Renters Insurance
- $30
- Equity Built / Month
- $0
- Tax Benefit
- $0
- Annual Increase Risk
- ~4%
5-year net cost:~$119,000
Equity built:$0
Avg annual rent increase: 4.0%
The 5-year breakeven
Owning a $280,000 Loft 5 unit for five years nets out competitively with renting once principal paydown and conservative 3% appreciation are counted — and the owner exits with roughly $88,000 in total equity while the renter exits with none. A built-out 272-unit building with no new supply and steady south Las Vegas Strip-corridor demand gives that appreciation assumption structural support.
Model assumptions: 7.0% 30-yr fixed (Freddie Mac PMMS), 3% annual appreciation, 4% annual rent growth, 0.6% effective property tax, $400/mo blended HOA, ~7% resale costs.
HOA Fees by Community
HOA Fees by Layer
Loft 5 operates a single building-level HOA — dues vary by unit size and floor. Verify the exact current dues, reserve fund status, transfer fees, and any special-assessment history with the resale package during escrow.
Loft 5 Building Association
$250–$550 / mo
Entry loft units (smaller configurations)
$250–$380
Includes:
Building maintenance, pool, fitness center, concierge, trash, water/sewer, common-area security, secured parking
Open-plan loft units (mid-size)
$350–$480
Includes:
All entry inclusions plus proportional share of building operations based on unit square footage
Corner and premium view units
$450–$550
Includes:
Full building amenity access, enhanced coverage for corner and premium-floor configurations
Combined Total (estimate)
$250–$550 / mo
Typical blended HOA (all unit types)
$250–$550
Includes:
Single association layer; exact amount varies by unit size, floor, and annual budget adjustment
COMMUTE & TRANSPORTATION
How Easy Is Getting Around From Loft 5?
South Las Vegas provides direct car access to the valley's top employment corridors: the Strip is five minutes north, the airport 15 minutes south, and Downtown Las Vegas 10 minutes via I-15. Mean Las Vegas commutes run near 25 minutes per U.S. Census ACS data, and Loft 5 residents commuting to Strip employment centers run under ten minutes.
Drive Times from Loft 5
- 5 minLas Vegas StripLas Vegas Blvd north
- 5 minSunset ParkE Sunset Rd
- 10 minDowntown Las VegasI-15 North or Las Vegas Blvd
- 15 minHarry Reid Intl AirportLocal roads south
- 20 minHendersonI-515 South
- 25 minSummerlinI-15 North then US-95 West
- 30 minRed Rock CanyonW Charleston Blvd west
- 30 minBoulder CityUS-93 / US-95 South
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 Loft 5 unit?
Most Loft 5 purchases close in 30 to 45 days through a Nevada escrow company. Cash buyers close in 10 to 14 days. Condo financing adds HOA document review; request that package the day you go under contract. FHA and VA loans require current agency roster confirmation — budget extra days for lender verification if using government-backed financing.
Quick Answer
What down payment do you need to buy at Loft 5?
Most Loft 5 buyers put down 10% to 20%. At the $180,000 entry point, 10% down is $18,000. FHA financing is available on qualifying units when the community meets agency owner-occupancy and reserve thresholds — confirm FHA approval status with your lender before structuring the offer. Conventional conforming loans up to $726,200 cover most Loft 5 price points. VA loans allow 0% down for eligible veterans on qualifying condos. Always verify current community approval with FHA and VA rosters, as approval status can change between annual audits.
Loft 5 FAQ — 18 Answers
What Do Loft 5 Buyers Most Frequently Ask?
Most AskedWhat is the price range at Loft 5?
Loft 5 residences run from $180,000 for entry units to $400,000 for premium corner lofts. ZIP 89123 shows a $468,950 median list per Las Vegas REALTORS. La Cité Development / ADG completed the 272-unit campus in 2006. HOA dues run $250 to $550 monthly — budget both before writing an offer.
What is the design style at Loft 5?
Loft 5 is deliberately loft-style: open floor plans, contemporary finishes, floor-to-ceiling windows, and a modern urban aesthetic that brings industrial-chic sensibility to south Las Vegas. Configurations run from efficient open-plan units through larger loft layouts across a mid-rise campus on roughly 3 acres. The building's design philosophy favors light, volume, and city or mountain views over conventional condo box layouts — tour a corner unit with mountain views to feel the difference before comparing suburban alternatives.
What amenities does Loft 5 include?
Amenities cover a pool, fitness center, concierge, secured parking, and common-area facilities supporting a lock-and-leave lifestyle. The package is sized for south Las Vegas professionals who want modern building amenities at HOA dues of $250 to $550 monthly — lighter than larger downtown towers, with a tighter community feel. Verify current amenity hours and any deferred-maintenance items through the resale package before offering.
Is Loft 5 close to the Las Vegas Strip?
Loft 5 is approximately five minutes from the Las Vegas Strip via Las Vegas Boulevard — one of the shortest Strip commutes of any residential address in the valley. The building sits in south Las Vegas (ZIP 89123) with Harry Reid International Airport about 15 minutes away via local roads. For buyers who want Strip proximity without paying Strip-adjacent prices, Loft 5's south Las Vegas location delivers convenience at a $180,000 to $400,000 price point.
Can owners rent out a unit at Loft 5?
Rental rules at Loft 5 are governed by specific restrictions in the HOA bylaws, so the honest answer depends on the current documents — policies in Las Vegas buildings change over time. The south Las Vegas location near the Strip and airport attracts consistent renter demand from professionals and hospitality workers. Verify the current rental policy, minimum lease term, and any owner-occupancy ratio requirements before purchasing as an investment. Call Nevada Real Estate Group at (702) 637-1759 for current rent comps and a unit-level income analysis before you offer.
Is there parking at Loft 5?
Yes — Loft 5 includes secured, controlled-access parking, a meaningful amenity for a south Las Vegas mid-rise address. The building also features concierge or front-desk staff and surveillance for a safe residential environment. Parking arrangements can vary by unit — confirm assigned spaces, guest-parking availability, and any associated monthly fees in the resale package before writing an offer. Walk the parking structure during your tour to evaluate the setup firsthand.
What are HOA fees at Loft 5?
HOA fees at Loft 5 typically range from $250 to $550 per month depending on unit size and floor, covering building maintenance, pool, fitness center, concierge, secured parking, insurance, water, trash, and common-area upkeep. That is a competitive rate for a mid-rise with a pool and secured parking. Pair the dues with Nevada's zero state income tax and a roughly 0.5 to 0.7% effective property-tax rate per the Clark County Assessor. Request the current budget, reserve-fund balance, and any pending special assessments during escrow.
How does Loft 5 compare to other Las Vegas condo buildings?
Loft 5 occupies a distinct niche: a 2006-era modern loft building in south Las Vegas at $180K to $400K, with a 272-unit scale that keeps HOA dues lower than larger tower amenity stacks. Veer Towers and Waldorf Astoria start at $300K to $500K with heavier fee loads; Panorama Towers and The Martin are similar mid-market options near CityCenter. Choose Loft 5 for modern loft design at an accessible price with Strip proximity; choose a CityCenter tower for higher-floor views and resort-level amenities. Nevada Real Estate Group can schedule back-to-back tours of multiple buildings in a single outing.
What schools serve Loft 5 residents?
South Las Vegas school options include Clark High School (6/10 on GreatSchools) for grades 9 through 12, Fremont Middle School (5/10) for grades 6 through 8, and John C. Fremont Elementary (6/10) for K through 5. Loft 5 families also access Bishop Gorman High School (A+) and The Meadows School (A+) for private education, and Coral Academy of Science (8/10 charter) and Nevada State High School (7/10 charter) for additional options. Verify current CCSD zone assignments before closing — private and charter admissions are competitive and not guaranteed by address.
What are property taxes like at Loft 5?
Nevada's effective property-tax rate runs roughly 0.5 to 0.7% of assessed value per the Clark County Assessor, and the state caps annual increases on a primary residence at 3% under Nevada Revised Statutes 361.471. On a $300,000 Loft 5 purchase, plan around $1,500 to $2,100 annually. One important note: long-held units often carry abated tax bills — assessed value resets to current market value after sale. Verify the post-sale tax figure with the Assessor early in escrow before building your monthly ownership-cost budget.
How convenient is Loft 5's location?
Loft 5 is five minutes from the Strip, 15 minutes from Harry Reid International Airport, 10 minutes from Downtown Las Vegas, and 25 minutes from Summerlin. The south Las Vegas corridor provides direct access to the valley's largest employment centers without the price premium of Strip-adjacent buildings. Sunset Park, one of Clark County's largest regional parks, is a short drive away for outdoor recreation. For buyers who prioritize commute convenience over downtown walkability, Loft 5's location is among the most practical in the metro.
What is the resale value trend at Loft 5?
ZIP 89123 carried a $423,500 median sold price over the past 100 days per Las Vegas REALTORS, with a 23-day median absorption pace — an active market for south Las Vegas condos. Loft 5's modern loft design and accessible price band create a genuine niche: buyers seeking open-plan loft living under $400,000 in Las Vegas have limited alternatives. Long-term value is tied to south Las Vegas's proximity to Strip employment and airport corridor development, which structurally supports renter and buyer demand.
What should I know before buying at Loft 5?
Four factors move real money in a Loft 5 purchase. First, unit orientation: corner units and higher floors with city or mountain views command premiums — define which configuration fits your life before comparing prices. Second, HOA finances: request the reserve study and operating budget; a 2006-era building is past first major system cycles. Third, rental rules: confirm lease minimums and owner-occupancy ratios if you are buying as an investment. Fourth, tax reset: long-held units re-assess to market value at sale — verify the post-closing tax figure early in escrow so the number does not surprise you at funding.
How fast do Loft 5 units sell?
The broader ZIP 89123 area logged a 23-day median absorption pace over the past 100 days per Las Vegas REALTORS data — reflecting active south Las Vegas condo demand. Well-priced Loft 5 units in desirable configurations — corner units, higher floors with views, and recently upgraded interiors — tend to clear at or faster than the ZIP median. Overpriced units in less desirable orientations can sit. Pricing discipline matters more in a 272-unit niche building than in a high-volume suburban master-plan ZIP.
What views are available at Loft 5?
Depending on floor and orientation, Loft 5 residents see the Las Vegas Valley, the surrounding Spring Mountains, or the city skyline. The building's modern design emphasizes floor-to-ceiling glass, which makes view orientation a significant pricing factor — some units capture mountain views while others face the city grid. Walk specific units at multiple times of day before choosing; our team can arrange back-to-back showings across orientations so you find the view that justifies the premium.
What down payment do you need to buy at Loft 5?
Most Loft 5 buyers put down 10% to 20%. At the $180,000 entry point, 10% down is $18,000. FHA financing is available on qualifying units when the community meets agency owner-occupancy and reserve thresholds — confirm FHA approval status with your lender before structuring the offer. Conventional conforming loans up to $726,200 work for most Loft 5 price points. VA loans allow 0% down for eligible veterans on qualifying condos. Always verify current community approval with FHA and VA rosters, as approval status can change between annual audits.
What does HOA cover at Loft 5?
Loft 5 HOA dues of $250 to $550 per month cover building exterior maintenance, pool and fitness center operations, concierge or front-desk staff, common-area security, trash, water and sewer, and secured parking. Interior unit costs — electricity, cable, interior maintenance — fall to the owner. Pull the full resale package — current dues, reserve fund status, and any pending special assessments — during escrow and review it before your inspection contingency expires.
How long does it take to close on a Loft 5 unit?
Most Loft 5 purchases close in 30 to 45 days from accepted offer — Nevada closes through escrow companies, not attorneys. Cash purchases can close in 10 to 14 days. Condo financing adds HOA document review and lender condo-approval verification to the timeline; start the HOA document request the day you go under contract. FHA and VA condo financing requires the community to appear on agency approval rosters — add several days for lender confirmation if using government-backed financing.
Updated June 2026
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PEOPLE ALSO ASK
What Else Do People Ask About Loft 5?
Eight questions Loft 5 buyers search most — each answered with verifiable figures from City of Las Vegas, Las Vegas REALTORS MLS data, and GreatSchools ratings. Every number links to a primary source so you can confirm it independently before scheduling a tour.
Where exactly is Loft 5 located?
Loft 5 is in south Las Vegas (ZIP 89123), approximately five minutes from the Las Vegas Strip via Las Vegas Boulevard and 15 minutes from Harry Reid International Airport via local roads south. The building sits on roughly 3 acres and was completed by La Cité Development / ADG in 2006.
What ZIP code does Loft 5 use?
ZIP 89123 — south Las Vegas. Drive times from Loft 5 run five minutes to the Strip by car, 15 minutes to Harry Reid International Airport, and 10 minutes to Downtown Las Vegas. The ZIP-area median list price is $468,950 per Las Vegas REALTORS, with Loft 5's modern loft units offering entry pricing from $180,000.
Is Loft 5 a condo or an apartment?
Loft 5 is a for-sale condominium community — 272 individually owned modern loft-style units completed in 2006 by La Cité Development / ADG. Owners hold fee-simple title to their individual units and collectively own the common areas through the building HOA. Units may be rented by their owners subject to governing document lease minimums.
How old are units at Loft 5?
Loft 5 was completed in 2006, making its units approximately 19 to 20 years old as of 2026. That vintage means elevators, roofing, HVAC, plumbing fixtures, and appliances may be past first major service or replacement cycles. Request a reserve study and verify the HOA reserve fund balance before closing.
Does Loft 5 have a pool?
Yes — Loft 5 features a pool accessible to all residents as part of the building HOA amenity package, along with a fitness center and secured common areas. Pool access is funded by monthly HOA dues of $250 to $550, which also cover concierge or front-desk services and controlled-access parking.
Is Loft 5 pet-friendly?
Pet policies at Loft 5 are governed by the current CC&Rs — review the governing documents for any breed or size restrictions before purchasing with a pet. Policies in Las Vegas buildings can be updated by the HOA board between governing-document cycles. Confirm current rules directly from the resale package during escrow.
How far is Loft 5 from the Strip?
Approximately five minutes north by car via Las Vegas Boulevard — one of the most efficient Strip commutes of any residential building in south Las Vegas. The location delivers Strip proximity without Strip-adjacent pricing, placing Loft 5 buyers within minutes of the world's largest entertainment and employment corridor.
Is Loft 5 a good investment?
The fundamentals support it: entry from $180,000 in a 272-unit building with no new supply, consistent south Las Vegas renter demand from Strip professionals and airport workers, and a modern loft design that differentiates Loft 5 from conventional condo stock at the same price point. Underwrite the HOA reserve health carefully and verify rental-policy terms before purchasing as an investment.
WHY NEVADA REAL ESTATE GROUP
Why Is Nevada Real Estate Group the #1 Real Estate Team in Nevada?
6,225+ closed transactions and $4.1B+ in volume since 2009 — including south Las Vegas condos, modern lofts, and the full spectrum of Las Vegas communities from the Strip corridor to Summerlin. Direct lender relationships for condo financing, the largest agent team in Nevada, and 9,061+ verified five-star reviews back the #1 ranking statewide.
#1
Real estate team in Nevada
Ranked Top 100 nationwide, RealTrends 2025
150+
Licensed Nevada agents
Henderson, Summerlin, Las Vegas, North Las Vegas
$4.1B+
In total sales volume
Across 6,225+ closed transactions
9,061+
Verified 5-star reviews
4.9/5 (Google, Zillow, FastExpert)
16+
Years in the Las Vegas Valley
Founded by Chris Nevada · License S.181401
#1
TEAM IN NEVADA
6,225+
HOMES SOLD SINCE 2009
9,061+
★★★★★ REVIEWS
< 1 hr
AVERAGE RESPONSE
WORK WITH THE BEST
Nevada's #1 team is
ready to help you move.
Ready to make a move?
Want to Talk to a Loft 5 Real Estate Expert?
6,225+ closed transactions and $4.1B+ in volume since 2009. In a 272-unit building where unit type, floor elevation, HOA reserve health, and financing eligibility drive real value differences, knowing the building matters. Call (702) 637-1759 or tell us what you need and we'll find your Loft 5 unit.
NEARBY COMMUNITIES
Which Communities Are Within 20 Minutes of Loft 5?
Compare Loft 5 with nearby Las Vegas condos and surrounding communities. Each card pairs the drive time with price positioning, so you can judge whether trading Loft 5's modern loft design for a Summerlin master plan or a Henderson suburban community actually buys you more lifestyle for the money.
A–Z INDEX
Which South Las Vegas Communities Can You Explore A–Z?
South Las Vegas contains multiple residential communities beyond Loft 5 — from Strip-adjacent condos to airport-corridor neighborhoods. Dedicated community pages are rolling out; entries below are indexed for orientation, and our team can pull current listings, HOA dues, and financing eligibility for any south Las Vegas address on request.
A
- Airport corridor communities (ZIP 89119)
L
- Loft 5 (modern loft campus, south Las Vegas)
- Las Vegas (parent city)
P
- Panorama Towers (twin luxury towers)
S
- Spring Valley residential community
- Sunset Park area condos
T
- The Martin (Strip high-rise)
V
- Veer Towers (CityCenter)
KEEP LEARNING
What Else Should You Read About Loft 5 and South Las Vegas?
These guides extend the research most Loft 5 buyers do next — understanding the broader Las Vegas housing market, comparing condo communities across the valley, and tracking Las Vegas-wide pricing — each written by our team from the same MLS data and primary sources used throughout this page.
MARKET UPDATE
Las Vegas Housing Market 2026
Valley-wide pricing, inventory, and rate context — the macro backdrop behind Loft 5's ZIP 89123 numbers.
Read →GUIDE
Summerlin vs Henderson Luxury Homes
The definitive valley luxury comparison — a reference point for Loft 5 buyers weighing suburban alternatives.
Read →CITY HUB
Las Vegas Community Hub
Full city overview, every Las Vegas neighborhood, and side-by-side comparisons from south Las Vegas condos to master-plan suburbs.
Read →Sources & Methodology
Where Does This Loft 5 Data Come From?
Every statistic on this page is sourced from a primary or government dataset, and we refresh these numbers monthly. One honesty note: the MLS reports at ZIP level, and ZIP 89123 is broader than Loft 5's 272-unit building — so area statistics are labeled as such, and per-unit-type figures are modeled estimates. Follow any link to verify a figure.
- Las Vegas REALTORS (LVR) — Median list and sold prices, days on market, and closing counts for ZIP 89123 (south Las Vegas). lasvegasrealtors.com
- U.S. Census Bureau — Las Vegas city population, income, age, and housing data (Loft 5 is not separately tabulated). census.gov/quickfacts
- City of Las Vegas — Municipal services, parks, zoning, short-term rental rules, and south Las Vegas programs covering the Loft 5 address. lasvegasnevada.gov
- Clark County Assessor — Property tax rates, assessed values, parcel data, and post-sale tax-reset records for south Las Vegas condos. 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 state tax rates — zero income tax, no personal property tax on vehicles. tax.nv.gov
- FBI Uniform Crime Reporting (UCR) — Las Vegas metropolitan violent and property crime rates, national comparisons. fbi.gov/ucr
- U.S. Bureau of Labor Statistics — Metro employment, unemployment, and wage data for the Las Vegas MSA. bls.gov
- GreatSchools.org — K-12 school ratings including Bishop Gorman A+, Coral Academy 8/10, Clark High 6/10, and private/charter options. greatschools.org
- Nevada Report Card — State accountability data used to cross-check school ratings. nevadareportcard.nv.gov
- 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).
Last refresh: June 2026 · Next scheduled refresh: July 2026