NOT LISTED FOR SALE

4381 W Flamingo Rd Unit 5902 Las Vegas, NV 89103

West of the Strip Neighborhood

Estimated Value: $2,688,000 - $18,151,177

3 Beds
5 Baths
6,230 Sq Ft
$4,515/mo HOA Fee

Last Sold November 06, 2019

Last sale price $12,475,000 $2,002 Per Sq Ft

Est. 31% decrease in value since last sale

Current estimated payment $55,224/month

321 Days on Market

Highlights

  • Concierge
  • 24-Hour Security
  • Above Ground Spa
  • Ed W Clark High School Rated A-
  • Penthouse
  • Gated Community

About This Home

As of November 2019

The Palms Place Penthouse is a highly unique residence designed for an upscale, entrainment-filled LV lifestyle. Occupying the entire 59th floor with 25,000+ sqft of indoor & outdoor living space. The private rooftop retreat is the only of its kind, 360 degree views of the entire city, capacity for 500 people, outdoor movie screen, large hot tub & H1 zoning. The home offers 3 bed/5 bath, private gym, DJ booth, full bar & commercial-grade kitchen.

Last Listed By

Ivan Sher

IS Luxury License #BS.0046822 Listed on: 11/19/2018

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $20,273

Year Built

  • Built in 2006

Lot Details

  • Property is in excellent condition

HOA Fees

Property Views

  • Las Vegas Strip
  • City
  • Mountain

Home Design

  • Penthouse

Interior Spaces

  • 6,230 Sq Ft Home
  • Free Standing Fireplace
  • Fireplace With Glass Doors
  • Gas Fireplace
  • Tinted Windows
  • Window Treatments
  • Living Room with Fireplace
  • Closed Circuit Camera

Kitchen

  • Double Oven
  • Built-In Electric Oven
  • Microwave
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • ENERGY STAR Qualified Appliances
  • Disposal

Flooring

  • Wood
  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • Guest Parking
  • Assigned Parking

Eco-Friendly Details

  • Energy-Efficient Windows
  • Energy-Efficient HVAC

Outdoor Features

  • Above Ground Spa
  • Outdoor Fireplace
  • Outdoor Kitchen
  • Terrace

Schools

  • Thiriot Joseph Elementary School
  • Sawyer Grant Middle School
  • Clark Ed. W. High School

Utilities

  • High Efficiency Air Conditioning
  • Central Heating
  • High Efficiency Heating System
  • Heating System Uses Gas
  • Water Purifier
  • Cable TV Available

Community Details

Overview

  • Association fees include electricity, gas, sewer, trash, water
  • Palms Place Association, Phone Number (702) 944-3413
  • High-Rise Condominium
  • Palms Place A Resort Condo & S Subdivision

Amenities

  • Concierge
  • Valet Parking

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Security

  • 24-Hour Security
  • Controlled Access
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$20,273

Year Built

Built in 2006

Lot Details

0

HOA Fees

$4,515 per month

Listing Details

  • Prop. Type: Residential
  • Subdivision Name: PALMS PLACE A RESORT CONDO & S
  • Directions: From Las Vegas Blvd., take Flamingo Rd West. Turn left into Palms Casino & Resort. Palms Place is the farthest west building. Enter through Palms Place valet.
  • Architectural Style: High Rise, Penthouse
  • Building Name: PALMS PLACE
  • Entry Level: 59
  • Efficiency: Windows, HVAC
  • Structure Type: High Rise
  • Year Built Details: RESALE
  • Year Built: 2006
  • ResoPropertyType: Residential
  • Association Fee 3 Frequency: Monthly
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Year Built: 2006

Interior Features

  • Spa Features: Above Ground, Outdoor Hot Tub
  • Private Spa: Yes
  • Appliances: Built-In Electric Oven, Double Oven, Dryer, Dishwasher, ENERGY STAR Qualified Appliances, Disposal, Microwave, Refrigerator, Separate Ice Machine, Water Purifier, Wine Refrigerator, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Free Standing, Gas, Glass Doors, Living Room, Primary Bedroom, Outside
  • Fireplace: Yes
  • Flooring: Carpet, Hardwood, Marble
  • Interior Amenities: Elevator, Window Treatments
  • Window Features: Tinted Windows

Exterior Features

  • Pool Private: No
  • View: City, Mountain(s), Strip View
  • View: Yes
  • Home Warranty: No
  • Exterior Features: Outdoor Kitchen
  • Patio And Porch Features: Terrace
  • Property Condition: Excellent, Resale

Garage/Parking

  • Parking Features: Assigned, Guest, One Space, Valet
  • Total Parking Spaces: 4.0

Utilities

  • Laundry Features: Electric Dryer Hookup, Laundry Room
  • Security: Closed Circuit Camera(s), Floor Access Control, 24 Hour Security, Prewired
  • Cooling: Electric, High Efficiency
  • Cooling Y N: Yes
  • Heating: Central, Gas, High Efficiency
  • Heating Yn: Yes
  • Utilities: Cable Available, Electricity Available

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: Gated, Concierge
  • Association Fee: 4481.0
  • Association Fee Frequency: Monthly
  • Association Name: Palms Place
  • Phone: 702-944-3413
  • Association: Yes
  • Pets Allowed: Size Limit, Yes
  • ResoAssociationFeeFrequency: Monthly
  • HOA Fee 3: 34.0

Fee Information

  • Association Fee Includes: Electricity, Gas, Sewer, Trash, Water

Schools

  • Elementary School: Thiriot Joseph,Thiriot Joseph
  • High School: Clark Ed. W.
  • Middle Or Junior School: Sawyer Grant

Lot Info

  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 20273.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2018
Closed on
Nov 4, 2019
Sold by
Maloof Phillip J
Bought by
Ram Land Llc
Seller's Agent
Ivan Sher
IS Luxury
Buyer's Agent
Hali Gillin
HomeSmart Encore
List Price
$15,000,000
Sold Price
$12,475,000
Premium/Discount to List
-$2,525,000
-16.83%
Total Days on Market
321
Current Estimated Value
$8,608,392

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,866,608
Avg. Annual Appreciation
-6.56%

Purchase Details

Closed on
Mar 28, 2008
Sold by
Palms Place Llc
Bought by
Maloof Phillip J and The Phillip J Maloof Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,250,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ram Land Llc $12,475,000 Chicago Title Las Vegas
Maloof Phillip J $4,500,000 Stewart Title Las Vegas Warm
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Maloof Phillip J $2,249,097
Previous Owner Maloof Phillip J $2,250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2019 11/06/19 Sold $12,475,000 -16.8% $2,002 / Sq Ft
10/07/2019 10/07/19 Pending -- -- --
11/19/2018 11/19/18 For Sale $15,000,000 -- $2,408 / Sq Ft
Source: Las Vegas REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $31,943 $1,778,424 $1,164,821 $613,603
2024 $28,533 $1,778,424 $1,164,821 $613,603
2023 $27,945 $1,370,789 $824,621 $546,168
2022 $25,861 $1,225,720 $733,040 $492,680
2021 $23,779 $1,078,298 $593,432 $484,866
2020 $23,543 $1,081,163 $593,432 $487,731
2019 $22,065 $1,060,813 $593,432 $467,381
2018 $21,422 $907,586 $443,324 $464,262
2017 $26,842 $915,227 $443,324 $471,903
2016 $20,273 $919,119 $465,500 $453,619
2015 $20,247 $944,233 $465,500 $478,733
2014 $19,657 $962,861 $465,500 $497,361
Source: Public Records

Agents Affiliated with this Home

  • Ivan Sher

    Seller's Agent in 2019

    Ivan Sher

    IS Luxury

    (702) 315-0223

    3 in this area

    699 Total Sales

    Ivan Sher
    Section Image
  • Hali Gillin

    Buyer's Agent in 2019

    Hali Gillin

    HomeSmart Encore

    (702) 406-8730

    148 Total Sales

    Hali Gillin
    Section Image
See All Agents

Map

Source: Las Vegas REALTORS®

MLS Number: 2048809

Las Vegas REALTORS®

APN: 162-19-511-599

Nevada Clark County Las Vegas 89103 West of the Strip

4381 W Flamingo Rd Unit 5902, Las Vegas, NV

Homes for Sale in Las Vegas, NV

This home is located at 4381 W Flamingo Rd Unit 5902, Las Vegas, NV 89103 since 19 November 2018 and is currently estimated at $8,608,392, approximately $1,381 per square foot. This property was built in 2006. 4381 W Flamingo Rd Unit 5902 is a home located in Clark County with nearby schools including Joseph E Thiriot Elementary School, Grant Sawyer Middle School, and Ed W Clark High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Las Vegas REALTORS® The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. Information is deemed reliable but not guaranteed. Copyright 2025 of the Greater Las Vegas Association of REALTORS® MLS. All rights reserved.