Investors & Landlords
- Strong rental demand from Convention Center and resort workers
- Entry from $150,000 with HOA dues from $200/mo
- Long-term lease market runs $1,200–$1,800/mo for one-bedrooms
- Confirm rental policy and reserve health before writing

Nevada's #1 team for Park Avenue Condos real estate. Search gated garden-style condominiums in ZIP 89109 — affordable Strip-corridor entry, strong rental fundamentals, and lock-and-leave convenience minutes from the Las Vegas Convention Center.
AREA MEDIAN LIST (ZIP 89109)
$250K
LVR / GLVAR, September 2026
COMMUNITY PRICE RANGE
$150K–$400K
Community plan record
TOTAL UNITS
~700
Community plan record
DAYS ON MARKET (ZIP-AREA)
71
LVR / GLVAR via Repliers, as of September 14, 2026
Property research
Verify for your address
Confirm current school assignments, association documents, parcel taxes, and insurance with the applicable sources.
Last updated
June 22, 2026
Individual data periods may differ from the page update date.
KEY TAKEAWAYS
Park Avenue Condos is a gated low-rise community in ZIP 89109 — roughly 700 units at $150K–$400K, five minutes from the Strip. Per Las Vegas REALTORS MLS data the area median is $369,000; Las Vegas city demographics per the U.S. Census. The takeaways below cover what makes this corridor stand out for investors and owner-occupants.
Last updated September 2026 · Sources: LVR, U.S. Census, City of Las Vegas
Park Avenue Condos units in ZIP 89109 are tracked daily by Las Vegas REALTORS MLS data, with the community median near $369,000. The eight newest area listings appear below, refreshed daily, and every active listing is searchable in our live Las Vegas MLS portal.
PRICE DISTRIBUTION
Park Avenue Condos units in ZIP 89109 span $150,000 to $400,000 per Las Vegas REALTORS MLS data, with the bulk of transactions concentrating between $150,000 and $300,000. The counts below show where competition concentrates across the ZIP 89109 condo corridor.
Park Avenue Condos units in ZIP 89109 break down by floor level, view orientation, and price band — each link below opens our live Las Vegas MLS search, updated daily from Las Vegas REALTORS MLS data. Entry starts at $150,000; upgraded upper-floor view units in the gated community run to $400,000.
With roughly 700 units across low-rise garden buildings on two acres, Park Avenue Condos offers meaningful variation in view, finish, and floor level. The categories below connect to the most relevant search or hub page.
Updated daily · 311 active listings · MLS data
STAY AHEAD OF THE MARKET
Custom alerts by price, beds, floor, and view orientation — no spam, unsubscribe anytime. With roughly 700 units and consistent investor-driven turnover, new listings appear regularly in the ZIP 89109 corridor; alert subscribers see them within hours of hitting the MLS.
Before choosing a home, request address-specific school assignments for the intended school year from the district. Confirm grade levels, program eligibility, enrollment requirements and any boundary changes. Use the exact property address, including any unit number, and ask the district to confirm the assignment before making a purchase decision.
Check CCSD school zoning · View Nevada Report Card
Compare each school’s programs and published results for the same reporting year. Proximity to a school does not guarantee admission; contact charter, magnet and private schools about their application and enrollment requirements.
CRIME DATA
Review reports from the law-enforcement agency serving the address. Check the reporting period, area covered, offense definitions and completeness before comparing locations. When requesting local information, provide the property address and ask which agency and geographic boundary each report represents, along with any known reporting gaps.
The FBI publishes crime and law-enforcement statistics through its Crime Data Explorer. Its guidance cautions against using crime totals alone to rank communities: reporting practices and local conditions affect comparisons.
A citywide statistic does not establish conditions at a particular home. Ask the local agency about current reports for the area and gaps in the available data. Missing records do not mean zero crime, and a gated entrance does not establish a safety rating.
FBI crime data resources · FBI guidance on comparing communities
Living in Park Avenue Condos means gated garden-condo convenience five minutes from the Strip — pool, fitness, secured parking, and mature low-rise landscaping in ZIP 89109. City services per the City of Las Vegas, with the Las Vegas Convention Center walkable and UNLV minutes east.
Park Avenue Condos is known for its gated low-rise setting, affordable Strip-corridor pricing from $150,000, strong rental fundamentals, and a lock-and-leave lifestyle that suits investors, first-time buyers, and pied-à-terre buyers alike.
First-time buyers entering the Las Vegas condo market, investors seeking strong rental demand from convention and resort workers, remote workers wanting a low-maintenance urban base, and UNLV-affiliated buyers priced out of closer rentals.
Morning workouts in the on-site fitness center, poolside afternoons, and Strip dining and entertainment five minutes away — with the Las Vegas Convention Center corridor and UNLV campus both within ten minutes on regular days.
Park Avenue Condos sits in ZIP 89109 just east of the Strip, near the Las Vegas Convention Center and UNLV campus. The two-acre gated community is positioned along the Convention Center corridor, roughly five minutes from the Strip via Las Vegas Boulevard.
Quick Answer
Yes — if affordable Strip-corridor access and a lock-and-leave lifestyle top your list. Park Avenue Condos pairs a gated entry, pool, fitness center, and secured parking with some of the most convenient urban positioning in Las Vegas: five minutes to the Strip, ten to the Convention Center, fifteen to the airport. Trade-offs are honest — school ratings are moderate, the surrounding corridor is busy, and rental policies require review — but for buyers who value access and cost-of-entry, few ZIP 89109 addresses compete.
Source: City of Las Vegas
According to the U.S. Census Bureau QuickFacts, Las Vegas city holds 656,274 residents with a $66,820 median household income. Inside Park Avenue Condos, roughly 360 residents across 180 occupied units skew younger and more renter-oriented than the citywide profile, with an average income near $85,000 and owner-occupancy around 45%.
The Census does not break the community out separately, so citywide figures serve as the statistical backdrop. Within the gates, NREG closing data shows a mix of first-time condo buyers, investors operating long-term rentals, convention-corridor workers, and UNLV-affiliated buyers. The relatively young median age of 38 aligns with the community's appeal as an affordable urban foothold in a high-demand corridor.
Source: NREG community plan records & U.S. Census Bureau QuickFacts, Las Vegas city (Park Avenue Condos is not separately tabulated) · Updated
POPULATION & GROWTH
Park Avenue Condos itself is a built-out 2006 community — growth happens through unit turnover rather than new rooftops. The surrounding ZIP 89109 corridor benefits from Las Vegas citywide growth: the metro has added over 72,000 residents since 2010 per U.S. Census counts, and the Convention Center and UNLV corridors remain among the most active demand generators in the city.
Inside the community, growth is capped at roughly 700 units — the permanent count since 2006 buildout. Turnover runs steadily given the 45% owner-occupancy rate and active investor base, and the surrounding ZIP 89109 corridor's proximity to the Strip, Convention Center, and UNLV creates durable demand that supports values even as broader Las Vegas inventory fluctuates.
Sources: U.S. Census Bureau QuickFacts and City of Las Vegas. Citywide figures shown because the Census does not tabulate the community separately; projection reflects recent Las Vegas growth rates. Last updated June 2026.
MARKET TRENDS · LAST 12 MONTHS
The charts below show Las Vegas citywide sold medians, market time, and monthly closings from Las Vegas REALTORS MLS data — the liquid benchmark ZIP 89109 condos trade against. The cards report ZIP-area benchmarks: $250,000 area median, 45 median days on market.
Median List Price
$250,000 ZIP 89109 area median, June 2026
Source: Las Vegas REALTORS
Days on Market
45 median days across the ZIP area; investor-held units with firm pricing take longer
vs September 2025
Source: Las Vegas REALTORS
Closed Sales
Steady condo turnover in ZIP 89109 driven by investor and first-time buyer activity
vs September 2025
Source: Las Vegas REALTORS
The long view: Las Vegas's median sold price rose 145% between 2014 ($179,525) and 2026 ($438,960), across 191,278 recorded closings — Greater Las Vegas Association of REALTORS (GLVAR) MLS records via Repliers.
AFFORDABLE STRIP CORRIDOR
Market Competitiveness
The ZIP 89109 condo market is balanced rather than heated: 45 median days on market and steady inventory give buyers time to do building-level diligence without being rushed. Investor buyers move faster on units with strong rental history; first-time buyers benefit from the deliberate pace to review HOA documents and reserve-fund health before committing.
Park Avenue Condos isn't one-size-fits-all — it's a 700-unit garden community spanning investors, first-time buyers, lock-and-leave buyers, and UNLV-affiliated residents. Four buyer profiles below match lifestyles to the community's strengths, followed by the honest pros and trade-offs our team walks every client through before they commit.
Ready to explore units in Park Avenue Condos? Our team knows the building, the HOA structure, and every rental-policy nuance in ZIP 89109.
Start Your Home SearchUnit Type Comparison
A like-for-like comparison of Park Avenue Condos unit categories — price range, lifestyle fit, and who each suits — drawn from the community plan record and active-listing data via Las Vegas REALTORS. With roughly 700 units across low-rise buildings, variation comes from floor level, view, and finish rather than distinct named enclaves.
| Submarket | Median Price | $ / Sq Ft | Days on Market | Active Listings | Best For |
|---|---|---|---|---|---|
| Entry-Level Garden Units | $150K–$200K | n/a* | n/a* | n/a* | First-time buyers · Investors |
| Mid-Range Owner-Occupant Units | $200K–$300K | n/a* | n/a* | n/a* | Owner-occupants · Part-time residents |
| Upper-Floor View Units | $280K–$400K | n/a* | n/a* | n/a* | View premium · Lock-and-leave |
| Investor / Rental-Configured Units | $150K–$260K | n/a* | n/a* | n/a* | Landlords · Yield buyers |
Source: Las Vegas REALTORS MLS data plus the NREG community plan record, June 2026. Per-unit $/SF and DOM figures reflect ZIP 89109 corridor benchmarks rather than unit-level claims; community-level samples in any single month are too small to be statistically meaningful.
Unit Type Deep Dive
Submarket 1
The community's most accessible price point — one-bedroom garden-level units appealing to first-time buyers and investor-landlords seeking the lowest carrying cost in a gated Strip-corridor property.
Browse Entry-Level Garden Units homes →Submarket 2
Two-bedroom and upgraded one-bedroom units where owner-occupants concentrate — larger floor plans, better finishes, and the gated-community lifestyle at a price that competes with renting.
Browse Mid-Range Owner-Occupant Units homes →Submarket 3
Upper-floor units with valley or mountain views carry a notable premium over comparable ground-floor units. Popular with part-time residents and lock-and-leave buyers who value the view orientation as much as the address.
Browse Upper-Floor View Units homes →Submarket 4
Units configured or leased for long-term rentals — primarily one-bedrooms and studios priced for the Convention Center and UNLV corridor demand. HOA rental policy and reserve health should be the first two diligence items.
Browse Investor / Rental-Configured Units homes →Submarket 5
A gated low-rise garden community in ZIP 89109 — roughly 700 units developed in 2006 by AmLand Development, with a pool and spa, fitness center, secured parking, and controlled-access entry. Five minutes to the Strip, ten to Downtown Las Vegas, fifteen to the airport.
Browse Park Avenue Condos — The Community homes →STILL DECIDING?
BY ZIP CODE
ZIP 89109 is one of Las Vegas's most distinctive postal codes — it spans the Convention Center corridor, east-of-Strip condo buildings, and the UNLV-adjacent residential market. The table below shows where Park Avenue Condos sits within that landscape, per Las Vegas REALTORS MLS data.
| ZIP | Primary Area | Median Price | $ / Sq Ft | Days on Market | Active | YoY |
|---|---|---|---|---|---|---|
| 89109 | Park Avenue Condos — gated garden condos (community range) | $150K–$400K (plan range) | n/a* | 45 (ZIP-area) | ~700 total units | n/a* |
| 89109 | Convention Center corridor condo buildings | From $200K | n/a* | 45 (ZIP-area) | — | n/a* |
| 89109 | UNLV / Maryland Pkwy residential corridor | From $150K | n/a* | 45 (ZIP-area) | — | n/a* |
| 89109 | East-of-Strip mixed residential | From $120K–$300K | n/a* | 45 (ZIP-area) | — | n/a* |
| 89109 | Full ZIP 89109 corridor benchmark | ~$250,000 list / $240,000 sold | — | 45 | Active condo inventory tracked by LVR | n/a* |
Source: Las Vegas REALTORS MLS plus NREG corridor analysis. *Corridor-level $/SF and year-over-year change are intentionally omitted: community-scale samples are too small to be meaningful, so we publish plan ranges and ZIP-area benchmarks instead. Boundaries per Clark County GIS.
New Construction
Park Avenue Condos built out its roughly 700 units in 2006 — today's opportunities are resale only. Buyers who want new-construction condos nearby typically look at the Strip high-rise pipeline or suburban master-planned communities. Incentives on new builds change frequently — verify current offers before you write anything.
High-Rise · Strip Corridor
Comparable strip-corridor condo alternative
Luxury High-Rise
Step-up option with city views and resort amenities
Master-Planned · Family
Alternative for buyers wanting more space and top schools
Family & Move-Up
Suburban alternative with strong school ratings
Outdoor Recreation
Pool and spa on-site, the Las Vegas Strip five minutes away, and Sunset Park fifteen minutes east — Park Avenue Condos buyers trade yard space for Strip-corridor access. The City of Las Vegas maintains the surrounding parks and trails, usable through 300 annual sunshine days in Las Vegas.
ON-SITE
The community's primary outdoor amenity — a pool and spa courtyard within the gated grounds, maintained by the HOA and included in monthly dues.
5 MIN
World-class dining, entertainment, fountains, and pedestrian promenades five minutes away — Las Vegas Boulevard is one of the world's most walkable and active urban corridors.
~8 MIN
A beautifully landscaped urban park between the Park MGM and T-Mobile Arena — tree-lined paths, public art, restaurants, and event space in the heart of the Strip.
5 MIN
The University of Nevada Las Vegas campus features walking paths, green space, a performing arts center, and public events — an active neighbor for Park Avenue Condos residents.
15 MIN
One of Las Vegas's largest parks — a lake, tennis courts, volleyball, disc golf, picnic areas, and walking trails in the southeast valley, easily the area's best full-service park.
~15 MIN
Botanical gardens, Nevada State Museum, and desert trails at the historic springs that started Las Vegas — a natural counterpoint to the Strip corridor's urban energy.
25 MIN
The Mojave's signature conservation area managed by the Bureau of Land Management — thirteen-mile scenic loop, world-class hiking and climbing, thirty minutes west when the Strip energy needs a break.
5 MIN
The iconic fountain shows run multiple times daily and are free to watch from the Strip promenade — a literal perk of living five minutes from the Las Vegas Boulevard corridor.
The Park Avenue Condos Lifestyle
Three moods within minutes of the gate: a morning lap in the community pool, an afternoon on the Las Vegas Strip, and a concert at T-Mobile Arena — with Red Rock Canyon's roughly 195,000 conservation acres per the Bureau of Land Management twenty-five minutes west when the city needs a break.
THIS WEEKEND'S OPEN HOUSES
Open houses in Park Avenue Condos run regularly given the investor-and-resale driven market in ZIP 89109. Set up instant alerts to get notified the moment a unit schedules an open house — or browse every active listing now and let our team arrange private showings, including building-level access and HOA document review coordination.
Build a budget around the particular home and your circumstances. Obtain current financing terms, property records and service quotes before comparing the cost of a move. A community average cannot establish your tax bill, insurance premium, association charges or savings.
Ask a tax adviser to review income sources, residency dates and any continuing connections to another state. California-source income can remain taxable after a move; the Franchise Tax Board explains part-year and nonresident rules. A headline tax-rate comparison does not calculate your savings.
Get the exact parcel's current tax bill and assessment record from its county. Confirm the property's abatement status and any effect of new construction, a change in use or your circumstances with the assessor. Do not apply a community-wide percentage to a purchase price or assume a tax cap is automatic.
Use lender estimates, insurance quotes, association documents and utility information for the exact address. Include maintenance, moving expenses and any special assessments in the comparison. Renting and buying involve different costs and obligations; future equity or resale gains are not assured.
Check school assignments for the enrollment year and ask about choice-program applications. Investigate parcel-specific hazards and permitted uses with the responsible agencies. Review travel routes and the features that matter to you instead of relying on a broad safety score or a neighborhood recommendation based on household type.
Discuss the homes, budget and timing you want to evaluate with the team.
Explore relocation planningRELOCATION TIMELINE
Plan the purchase and move around your circumstances and the property's verified requirements. Coordinate the transaction, possession and moving arrangements with the relevant parties. For license and vehicle questions, consult the Nevada DMV new-resident guide. Confirm your own deadlines and any exemptions directly with the agency.
Compare homes using your budget, accessibility needs, desired features and travel routes. Evaluate the particular property and surroundings using your own priorities; a neighborhood label does not establish its suitability.
Ask a lender for terms based on your circumstances and the property. Obtain the parcel tax record, insurance quotes, association charges and other recurring costs; a community-wide estimate cannot establish your payment or approval.
Discuss services, compensation, communication and touring arrangements with the agent. Confirm the details in the applicable agreement before relying on a promised service or access to a property.
Check school assignments with the district for the enrollment year and ask about separate program applications. Review parcel-specific flood, wildfire, utility, zoning and intended-use questions with the relevant agencies and service providers.
Discuss price, deposit, contingencies and the proposed schedule with your agent and lender. The signed contract determines the transaction deadlines; market averages do not promise when an offer will be accepted or a purchase will close.
Arrange appropriate inspections and review disclosures, title information, association documents and financing conditions. Investigate unresolved findings with the relevant specialist before the contractual decision deadlines.
Verify which utilities serve the address, what deposits or appointments are required, and when service can begin. Coordinate access and the moving date with the agreed possession terms and any building or association requirements.
Confirm completion and possession with the closing parties before arranging access. Consult the Nevada DMV's current new-resident guide for license, registration, documentation and exemption requirements that apply to you.
ECONOMY & JOBS
Park Avenue Condos benefits from three of Las Vegas's most concentrated employment generators within five to ten minutes. According to the U.S. Bureau of Labor Statistics, the Las Vegas metro labor market is historically strong, with the Convention Center corridor, resort employment, and growing university and medical sectors all within immediate reach of ZIP 89109.
Sources: U.S. Bureau of Labor Statistics, City of Las Vegas. Last updated June 2026.
COMMUNITY COMPARISON
If you're weighing Park Avenue Condos against other Las Vegas metro options, this side-by-side covers the metrics buyers ask about most, updated June 2026. Park Avenue Condos wins on affordability and Strip proximity; Summerlin wins on schools and new construction; Henderson wins on safety and suburban livability — sources are LVR, the U.S. Census, and FBI UCR.
| Metric | Park Avenue Condos | Las Vegas | Summerlin | Henderson |
|---|---|---|---|---|
| Entry Price | From $150K | $476K median | $728K median | $548K median |
| HOA Dues | $200–$450/mo | Varies (no HOA for SFR) | Varies by village | Varies by community |
| Days on Market | 45 (ZIP-area) | 20 | 21 | 21 |
| Population | ~360 (community) | 656,274 | ~127,000 | 331,857 |
| Strip Distance | ~5 min | Varies (0–45 min) | ~25 min | ~30 min |
| Property Type | Garden condo (gated) | All types | SFR + condo + new build | SFR + condo + new build |
| Best For | Affordability · Investors · Strip access | Selection · Urban · Investors | Schools · Luxury · Outdoors | Families · Retirees · Safety |
Sources: Las Vegas REALTORS, U.S. Census QuickFacts. Park Avenue Condos income and population figures are community plan-record values; school and city demographics are Las Vegas citywide — the Census does not tabulate the community separately. Last updated June 2026.
Build a property-specific budget using a lender quote, the parcel tax estimate, insurance quotes and association documents. The starting amounts below are editable illustrations, not current local rates or verified fees. Compare the result with your Loan Estimate, and budget separately for maintenance, utilities and closing costs.
Inputs are assumptions, not a loan offer, insurance quote or parcel tax calculation. This simplified fixed-rate example applies the selected PMI rate below 20% down; actual mortgage-insurance eligibility, cost and cancellation depend on the loan. Maintenance, utilities, closing costs and special assessments are additional. Review the CFPB housing budget guide and confirm amounts with the relevant providers.
BUYING AND RENTING
Compare actual homes that meet the same needs over your expected time in the area. A purchase price and an advertised rent alone do not establish which option costs less. Use current quotes and separate monthly cash flow, upfront cash, and the amount you might recover when moving.
Start with the down payment, lender and closing charges, and any immediate repairs. Add principal and interest, property taxes, insurance, mortgage insurance where applicable, association dues, utilities and ongoing maintenance. Identify expenses paid outside escrow so they are included in your household budget.
For a later sale, model the remaining loan balance and selling expenses. Appreciation is uncertain; compare unchanged-price and lower-price cases as well as any growth assumption. Principal repayment builds an ownership interest, but that does not guarantee a profit or make every cash payment recoverable.
Use an actual lease offer and confirm the term, deposit, renewal provisions, parking, pet charges, utilities and renter's insurance. Record which maintenance services are included and any costs or restrictions associated with an early move. An advertised starting rent may not include every required charge.
Keep the comparison consistent: use the same time period, household needs and moving assumptions. Include the cash that remains available when a down payment is not used, without assuming a guaranteed investment return. Your need for flexibility and responsibility for repairs also matter alongside the financial figures.
There is no verified community-wide holding period or five-year equity gain shown here. Ask your lender to explain financing assumptions and have a tax professional assess any claimed tax benefit for your circumstances. Keep a copy of the quotes and dates so you can update the comparison before making an offer.
PROPERTY-SPECIFIC ASSOCIATION COSTS
A community name does not establish a property's current dues or all the associations that govern it. Obtain the applicable resale package, budget and governing documents for the exact address. Confirm the effective date and payment frequency of each fee with the association or its manager.
Identify master and sub-association dues separately. Check whether utilities, exterior maintenance, insurance, amenities or club access are included, optional or billed separately. A listing's monthly figure may omit a quarterly or annual charge, and an advertised amenity does not establish membership rights.
Ask about transfer, document, capital-contribution and other transaction fees, as well as approved or proposed assessments. Confirm who pays each item under the contract. Review available reserve and budget information; historical dues are not a guarantee of future charges.
Verify the actual rules for leasing, pets, parking, property changes and amenity access. Age restrictions and gate staffing require their own current documentation. Do not assume neighboring subdivisions or similarly named communities have identical rules, services or fees.
COMMUTE & TRANSPORTATION
ZIP 89109 is one of the best-connected residential addresses in Las Vegas: Las Vegas Boulevard, Paradise Road, Harmon Avenue, and Flamingo Road all intersect within minutes, with I-15 and the 215 Beltway reachable in under ten minutes. Mean Las Vegas commutes run about 25 minutes per U.S. Census ACS data — and most Park Avenue Condos destinations beat that comfortably.
Drive times based on average non-rush-hour conditions. Sources: Google Maps traffic data, RTC of Southern Nevada.
Quick Answer
Most Park Avenue Condos purchases close in 30 to 45 days through a Nevada escrow company; cash offers close in 7–14. FHA and conventional transactions add lender building-approval time — coordinate that early. HOA document review (the resale package) takes roughly 3–5 business days to receive from the association; request it at contract to avoid delay.
Quick Answer
Down-payment requirements depend on loan type and building approval. Conventional loans typically require 5–20% down — at $200,000 that's $10,000–$40,000. FHA allows 3.5% if the building is FHA-approved ($7,000 on a $200,000 purchase). VA loans allow 0% for eligible veterans. Cash is common at this price point and eliminates building-approval timing risk entirely. Our team confirms building approval with lenders before you commit to a financing path.
Park Avenue Condos FAQ — 18 Answers
Units at Park Avenue Condos run from approximately $150,000 to $400,000 per Las Vegas REALTORS MLS data for ZIP 89109, with the community median near $369,000. Floor level, view, and finish upgrades drive where a unit lands in that band. Call (702) 637-1759 and we will pull active listings and recent sales before you write.
Budget $200 to $450 per month for HOA dues depending on unit size and floor. Fees fund pool maintenance, fitness center, secured parking, landscaping, common-element building insurance, water, and trash across the two-acre property. Nevada's low-ownership-cost stack helps offset dues: zero state income tax and roughly 0.5–0.7% effective property-tax rate with a 3% primary-residence annual cap under NRS 361.471. Review the current dues, reserve-fund balance, and any pending special assessments in the resale package before opening escrow.
Yes, with conditions. Park Avenue Condos allows long-term rentals subject to minimum lease terms set in the HOA bylaws — confirm the current rules in the resale package before you close, because rental policies can change with a board vote. Short-term rentals (fewer than 31 days) are tightly regulated by the City of Las Vegas and further restricted by the association. Never underwrite vacation-rental income without reading the CC&Rs and the city's current short-term rental rules first. Call (702) 637-1759 for the latest building-level policy.
Park Avenue Condos delivers a residential amenity set scaled to a low-rise garden community: pool and spa, fitness center, gated secured parking, controlled-access entry, and maintained common-area landscaping. The footprint is intentionally residential rather than resort-scale, which keeps HOA dues in the $200–$450 monthly range — far below the $1,500–$5,000 dues at full-service Strip high-rises. The community pool and courtyard areas sit at grade, giving the property a relaxed neighborhood feel rarely found this close to the Convention Center corridor.
Views depend on building position and orientation: upper units on the south and west face the Las Vegas skyline and Spring Mountains; north-facing units look toward the Convention Center corridor. As a low-rise garden community, Park Avenue Condos trades tower panoramas for a quieter ground-level setting roughly five minutes from the Strip via Las Vegas Boulevard. View premiums are priced into individual units — walk several exposures before choosing, and ask our team which orientations carry the strongest resale demand.
Drive times from Park Avenue Condos are unusually short for non-Strip addresses: about five minutes to the Strip via Las Vegas Boulevard, ten minutes to Downtown Las Vegas via I-15, and fifteen minutes to Harry Reid International Airport via local roads. UNLV is roughly five minutes east, making the community attractive to students and university staff as well as convention and resort workers. The Las Vegas Convention Center — one of the country's largest — is within a ten-minute walk or a two-minute drive, a meaningful rental driver.
Park Avenue Condos is zoned to Clark County School District schools in the central Las Vegas corridor: John C. Fremont Elementary (6/10), Fremont Middle School (5/10), and Clark High School (6/10) per GreatSchools. Private options within reasonable reach include Bishop Gorman High School and The Meadows School, both rated A+ by GreatSchools. Coral Academy of Science (8/10 charter) offers another strong academic option. Verify zoning for any specific address at the CCSD website before you offer.
For many buyers, yes. Entry pricing from $150,000, HOA dues from $200 monthly, and a location five minutes from the Strip give Park Avenue Condos a workable cost basis for long-term rentals, a pied-à-terre, or a lock-and-leave investment. Nevada adds no state income tax and roughly 0.5–0.7% effective property tax. Returns depend on the HOA's current rental rules, reserve health, and local rent trends — our team runs building-level numbers and pulls ZIP 89109 rental comps before you make an offer.
Park Avenue Condos competes on price and location, not vertical amenities. Entry starts at roughly $150,000 versus $300,000–$500,000 at most Strip high-rises, HOA dues run $200–$450 versus $800–$5,000 at luxury towers, and the low-rise garden setting provides a residential quiet Strip towers cannot match. Trade-offs are real: no concierge, no valet, no pool deck above the 20th floor. Buyers choosing between the two typically prioritize cost-of-carry (Park Avenue) versus service and prestige (Strip towers).
Nevada levies zero personal state income tax per the Nevada Department of Taxation — a household earning $200,000 saves roughly $15,000–$26,000 per year versus California's 9.3–13.3% rate per the California Franchise Tax Board. The effective property-tax rate runs approximately 0.5–0.7% of assessed value per the Clark County Assessor, and annual increases on a primary residence are capped at 3% under Nevada Revised Statutes 361.471. Combined, Nevada's tax structure makes Park Avenue Condos ownership meaningfully cheaper than equivalent condo ownership in California.
Nevada law requires condo associations to maintain a reserve fund adequate to cover major capital repairs. Before closing on any Park Avenue Condos unit, review the current reserve study and funding percentage in the resale package — under-funded reserves are a leading indicator of future special assessments. Also ask for the last three years of meeting minutes and any pending litigation disclosures. Our team identifies reserve red flags before you write, because an unexpected $5,000–$15,000 special assessment changes the investment math significantly.
Most Park Avenue Condos units are financeable with conventional loans, FHA loans, or cash. FHA and VA eligibility depend on the building's owner-occupancy ratio and reserve health — have your lender confirm building approval before relying on low-down programs. At a $200,000 purchase price, a 5% conventional down payment means roughly $10,000 down plus closing costs. Cash buyers are common at this price point and close in 7–14 days. Our team coordinates lender building-approval questions early to prevent surprises.
Mostly a pro for investors and professionals: proximity to the Las Vegas Convention Center, one of the nation's largest at roughly 4.6 million square feet, drives consistent demand from convention workers, exhibitors, and business travelers seeking month-to-month leases. For owner-occupants, the location is outstanding for Strip access and urban convenience; convention week traffic on the nearby I-15 and Koval Lane corridors is the honest trade-off. UNLV's campus is also minutes away, broadening the renter pool further.
Four things move real money here. First, confirm the HOA's rental policy — the bylaws set minimum lease terms that matter if you plan to rent the unit. Second, review the reserve fund balance and any pending special assessments in the resale package. Third, verify FHA or conventional building approval with your lender before relying on low-down financing. Fourth, walk multiple units and exposures: view, floor, and finish variation is wide across roughly 700 units. Call (702) 637-1759 and our team guides you through all four before you commit.
A $369,000 Park Avenue Condos unit carries roughly $1,250–$1,750 per year in property taxes at Nevada's 0.5–0.7% effective rate — versus $3,000–$3,500 on a comparable California condo at 1.2%+. Add Nevada's zero state income tax versus California's top rate of 13.3% per the California Franchise Tax Board, and a buyer earning $150,000 saves approximately $7,000–$10,000 per year by owning in Nevada instead of California. That tax spread — not just price — is why California buyers consistently rank the Las Vegas condo market high in their relocation research.
Down-payment requirements depend on the loan type and building approval status. Conventional loans typically require 5–20% down on a primary residence — at $200,000 that's $10,000–$40,000 — and FHA allows 3.5% down if the building is FHA-approved. VA loans allow 0% for eligible veterans, subject to building eligibility. Cash is common at this price point and eliminates building-approval risk entirely. Have your lender confirm building approval before committing to a financing path.
A $200,000 purchase at 7% with 5% down runs approximately $1,270 principal and interest, plus roughly $100 property tax ($0.6% rate), $50 homeowners insurance, and $300–$400 HOA dues — totaling about $1,720–$1,820 per month. Nevada adds no state income tax and caps property-tax increases at 3% annually for primary residences. That all-in monthly cost competes directly with local rents in the same building, making the buy-vs-rent math tighter than almost anywhere else in the Las Vegas metro.
Yes — our team specializes in the Las Vegas condo market, including building-specific HOA structures, reserve health, rental policy, and the factors that drive value in the ZIP 89109 corridor. We pull active listings, recent sales, and rental comps before you write an offer, and we coordinate lender building-approval questions early. Call (702) 637-1759 or use the form on this page to connect with a Park Avenue Condos specialist.
Updated September 2026
STILL HAVE QUESTIONS?
Want more Nevada real estate answers like this in your Google results?
PEOPLE ALSO ASK
These are the eight queries Park Avenue Condos buyers actually type into Google and AI assistants — answered specifically with figures you can verify: market data from Las Vegas REALTORS, Nevada tax law from the Nevada Revised Statutes, and community facts from the plan record.
Yes — Park Avenue Condos has gated entry with controlled access and secured parking. Visitors enter through the community gate, and vehicle access is restricted to residents and their guests — a meaningful security layer versus open-access condo corridors in ZIP 89109.
Short-term rentals (under 31 days) are regulated by the City of Las Vegas and further restricted by the HOA CC&Rs. Do not underwrite vacation-rental income on a Park Avenue Condos purchase without reading both documents first. Our team confirms the current policy before you write — call (702) 637-1759.
Park Avenue Condos contains approximately 700 garden-style units across a two-acre gated community in ZIP 89109, per the community plan record. The community was developed by AmLand Development and completed in 2006.
FHA eligibility depends on the building's current owner-occupancy ratio and reserve-fund health — both can change with every HOA reporting cycle. Have your lender submit the HOA questionnaire for a current determination before relying on FHA financing. Our team coordinates this early in the process.
Yes — UNLV's main campus on Maryland Parkway is roughly five minutes from Park Avenue Condos in ZIP 89109. The proximity makes the community popular with students, faculty, and university-affiliated buyers seeking affordable ownership close to campus.
We recommend requesting the current reserve study and funding percentage in the resale package before you close. An under-funded reserve is the leading indicator of future special assessments — our team reviews reserve health as a standard part of every condo transaction and flags red flags before you commit.
Harry Reid International Airport is approximately fifteen minutes from Park Avenue Condos via Paradise Road south to Swenson Street and the airport access roads — closer than most Las Vegas residential addresses and a meaningful factor for frequent travelers and remote workers.
For many buyers, yes: entry from $150,000, HOA from $200/mo, and steady demand from Convention Center, resort, and UNLV workers makes the cost basis work for long-term rentals at $1,200–$1,800/mo. Returns depend on the HOA rental policy, reserve health, and market conditions — our team runs the specific numbers before you write.
WHY NEVADA REAL ESTATE GROUP
Direct market knowledge, 9,600+ closed transactions, and $4.85B+ in volume since 2011. Our agents have represented buyers and sellers across the Las Vegas condo corridor — from $150,000 first-time buyers to investors assembling ZIP 89109 portfolios. That transaction depth and verified 9,061+ five-star reviews are what earn the team's #1 ranking in Nevada.
WORK WITH THE BEST
Tell the team about your preferred area, budget, timing and property requirements. Ask about representation and the records needed to evaluate a particular home. Review current listings, comparable sales and the written terms of any services before deciding how to proceed. Contacting the team does not guarantee a purchase, sale price or response deadline.
NEARBY COMMUNITIES
Compare Park Avenue Condos with neighboring condo buildings and nearby Las Vegas communities — from The Manhattan Las Vegas five minutes south to Summerlin twenty-five minutes west. Each card pairs commute time with price positioning, so you can judge whether a different corridor buys meaningfully more home for the money.
More Las Vegas communities
Shopping the whole city? Browse all Las Vegas homes for sale — live MLS listings updated daily.
A–Z INDEX
Park Avenue Condos is a single gated community with roughly 700 garden-style units in ZIP 89109 — no named sub-enclaves, but meaningful variation by building, floor, and view orientation. The entries below index the community's key context pages for buyers and investors starting their Las Vegas condo research.
KEEP LEARNING
These guides extend the research most Park Avenue Condos buyers do next — understanding the citywide Las Vegas condo market from $150,000 to $400,000+, weighing ZIP 89109 against other corridors, and mapping the step-by-step buying process for first-time and investor buyers.
MARKET GUIDE
The citywide playbook — pricing, inventory, rates, and where the valley's momentum actually is this year.
Read →COMMUNITY GUIDE
Citywide market data, every major Las Vegas community, and side-by-side comparisons in one place.
Read →BUYER GUIDE
Everything Las Vegas first-time buyers need — financing options, neighborhood guides, and step-by-step process.
Read →NEIGHBORHOOD GUIDE
The valley ranked by buyer type — families, first-timers, luxury, retirees — before you tour.
Read →Sources & Methodology
Every statistic on this page is sourced from a primary or government dataset, and we refresh these numbers monthly. Because Park Avenue Condos is a ~700-unit condo community, we present ZIP 89109 corridor statistics as area benchmarks — never unit-level claims that small samples cannot support. Follow any link below to verify a figure.
Methodology: Listing data is sourced via Repliers IDX feed (Las Vegas MLS) and refreshed every 15 minutes. Demographic and economic data are pulled monthly via Census/BLS APIs. School data is refreshed quarterly. All comparisons are like-for-like (same metric, same time period).
Updated: September 2026 · Next update: September 15