Las Vegas presents one of the nation's most compelling short-term rental investment opportunities, but not as many high-profile condo towers allow short-term rentals as you might think. For investors seeking the perfect combination of personal enjoyment and rental income, certain Las Vegas high-rise buildings offer the ideal solution: luxury properties where you can vacation in style and generate substantial rental revenue when you're away.
This guide focuses specifically on investor-friendly buildings that welcome nightly rentals and Airbnb hosting, perfect for the buy-to-visit-and-rent strategy.
The Investment Landscape
The Las Vegas rental market demonstrates exceptional strength, boasting an impressive market score of 82 points in January 2024, indicating a thriving real estate market with strong investment opportunities, rental demand and revenue growth. With over 12,000 Airbnb listings in 2024, the market is robust but competitive.
Favorite Buildings for Short-Term Investment
These Las Vegas high-rise condo buildings offer comprehensive rental management programs, making them ideal for hands-off investors. You can still manage your own rentals using Airbnb or VRBO, but if you want you can just put it in the hotel pool and receive any proceeds each month.
MGM Signature - The Investor's Choice
Address: 125, 135 & 145 E. Harmon Avenue
Height: Three 38-story towers Investment Model: Condo-hotel with managed rental program
Buyers have the option of renting out their units and splitting the profit with MGM, with 90 percent of the 576 units per tower expected to be managed by MGM Grand as condo-hotel units.
Why It's Perfect for Investors:
- Onsite property management handles every aspect of the rental for you with a monthly management fee and nightly percentage of rent charged, plus housekeeping services available
- Direct connection to MGM Grand resort amenities like the pool and lazy river attracts high-paying guests
- Proven rental demand with consistent occupancy rates
- All-suite accommodations with full kitchens appeal to longer stays
- Units starting from $250K+ make entry-level investment accessible
Rental Program Details:
- Professional management handles bookings, check-ins, and maintenance
- Revenue sharing model with MGM
- Access to MGM's reservation system and marketing
- Guaranteed property maintenance standards
Investor Profile: First-time investors, those seeking passive income, buyers wanting proven rental systems
Trump International Hotel
Address: 2000 Fashion Show Drive
Height: 64 stories
Investment Model: Flexible rental options from studios to penthouses
Why It's Investment-Smart:
- Range of price points from affordable studios to million-dollar penthouses
- Non-gaming luxury environment appeals to diverse traveler demographics
- Prime Strip location near Fashion Show Mall
- Established rental market with strong brand recognition
- Flexible rental program allowing owner control
Investment Advantages:
- Units can be rented nightly, weekly, or monthly
- Professional housekeeping and concierge services available
- Multiple unit types allow portfolio diversification
Investor Profile: Sophisticated investors, those wanting brand prestige, buyers seeking flexible rental terms
Palms Place
Address: 4381 W. Flamingo Road
Height: 47 stories
Investment Model: Owner-managed short-term rentals allowed
Featuring floor to ceiling windows that provide stunning views of the city and mountains, Palms Place is an excellent location for short-term rental investment property with resort-style amenities.
Investment Benefits:
- Spectacular views command premium rental rates
- Resort-style amenities include pools, spa, and fitness facilities
- Off-Strip location offers easier parking and access
- Connection to Palms Casino Resort for guest entertainment
- Spacious layouts with full kitchens and laundry
Platinum RESORT
Address: 211 E. Flamingo Road
Height: 17 stories
Investment Model: Boutique condo-hotel with rental flexibility
Investment Appeal:
- Smaller, more intimate property with personalized service
- All-suite accommodations with full kitchens and separate bedrooms
- Non-gaming environment attracts business and leisure travelers
- Established rental program with professional management option
- Strong repeat guest base due to boutique atmosphere
- The 05 and 06 stack units have a direct view of the Las Vegas Sphere
Rental Advantages:
- Higher average daily rates due to suite-style accommodations
- Less competition from hotel rooms due to residential feel
- Flexible rental terms from nightly to extended stays
- Professional spa and fitness facilities add value
- Established relationships with the US Government and Airlines for corporate guests
Investor Profile: Boutique property enthusiasts, investors seeking higher ADR, those preferring smaller communities
Vdara CityCenter
Address: 3726 S. Las Vegas Boulevard
Height: 57 stories
Investment Model: All-suite hotel allowing unit ownership and rental
Investment Strengths:
- Prime CityCenter location with access to Aria, Bellagio, and high-end shopping
- All-suite property with full kitchens appeals to extended stay guests
- Non-gaming and smoke-free luxury environment
- Sophisticated clientele willing to pay premium rates
- Professional management with security deposit system ($100 per day up to 3 days)
Revenue Potential:
- Higher nightly rates due to CityCenter location and luxury positioning
- Strong corporate and leisure demand
- Access to Aria and Bellagio amenities adds value for guests
- Consistent year-round demand from conventions and tourism
Investor Profile: Luxury-focused investors, those targeting high-end travelers, buyers wanting a luxury condo for themselves when they visit
The Bottom Line
Las Vegas offers exceptional opportunities for investors seeking high-rise condos that combine personal enjoyment with rental income. Whether you choose the popularity of MGM Signature, the luxury positioning of Vdara, or the good price point at Platinum Resort, each building provides unique advantages for the investor-user.
These properties offer nightly rental programs with hotel-guest perks and quality service, making them great investment opportunities for those who want to enjoy Las Vegas lifestyle while building wealth through real estate.
Success in this market requires understanding each building's rental policies, financial performance, and management requirements. Choose the property that best aligns with your investment goals, personal use intentions, and management preferences, and you'll have the perfect base for enjoying Las Vegas while generating substantial rental income.
Bill Zinsser has been helping investors buy and sell investment condos for over 20 years. Contact Bill to discuss what's important to you and he'll find a place that fits your goals.
Posted by Bill Zinsser on
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