NOT LISTED FOR SALE

Park Towers at Hughes Center 1 Hughes Center Dr Unit 1401 Las Vegas, NV 89169

The Strip Neighborhood

Estimated Value: $2,768,909 - $3,472,000

2 Beds
2.5 Baths
3,515 Sq Ft
$890/Sq Ft Est. Value

Last Sold June 14, 2024

Last sale price $2,925,000 $832 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $22,323/month

21 Days on Market

Highlights

  • Fitness Center
  • View of Las Vegas Strip
  • Terrace
  • Gated Community
  • Theater or Screening Room
  • Wine Refrigerator

About This Home

As of June 2024

Adorned in rich textiles, bespoke natural stones & design elements rarely found in a highrise home, Park Towers 1401, created by celebrity design extraordinaire Michael Czysz, is a true masterpiece. Through direct elevator entry you’ll find chic nightlife allure & an ambiance rich in tasteful grandeur. Numerous lounge areas, including a sunken living room conversation pit showcasing front row views of the Las Vegas Strip & Sphere, allow for boundless entertaining options. Home automation allows residents immersive control of their environment, paired with state-of-the-art AV & security. On request a motorized wall reveals the Owner's suite complete with unrivaled views, an oversized terrace, dressing areas & bath w jacuzzi tub & steam shower, you will be dazzled by hidden access doors allowing for a seamless look & modern comforts for every day use.Park Towers, the creation of Steve Wynn & Irwin Molasky, comprises of just 84 custom residences & amazing first class amenities.

Last Agent to Sell the Property

Randy Char

Las Vegas Sotheby's Int'l License #B.0143566 Listed on: 04/23/2024

Las Vegas Sotheby's Int'l

Last Buyer's Agent

Peter Aulicino

Prima Realty Group License #B.0018772

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,891

Year Built

  • Built in 2000

HOA Fees

  • $4,088 Monthly HOA Fees

Parking

  • 2 Parking Spaces

Property Views

  • Las Vegas Strip
  • City
  • Mountain

Home Design

  • Entry on the 14th floor

Interior Spaces

  • 3,515 Sq Ft Home
  • Furnished or left unfurnished upon request
  • Built-In Features
  • Tinted Windows
  • Drapes & Rods
  • Closed Circuit Camera

Kitchen

  • Built-In Gas Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Schools

  • Paradise Elementary School
  • Orr William E. Middle School
  • Valley High School

Utilities

  • Cooling Available
  • Central Heating
  • Programmable Thermostat
  • Cable TV Available

Additional Features

  • Energy-Efficient Windows with Low Emissivity
  • Terrace
  • Property is in excellent condition

Community Details

Overview

  • Association fees include clubhouse, ground maintenance, recreation facilities, reserve fund, security, trash
  • Park Towers Association, Phone Number (702) 938-7000
  • High-Rise Condominium
  • Park Towers At Hughes Center Amd Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • Community Barbecue Grill
  • Theater or Screening Room
  • Business Center
  • Community Storage Space
  • Elevator

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool

Security

  • Security Guard
  • Controlled Access
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,891

Year Built

Built in 2000

Lot Details

0

HOA Fees

$4,088 per month

Listing Details

  • Prop. Type: Residential
  • Subdivision Name: Park Towers At Hughes Center Amd
  • Directions: From the I15 & Flamingo. East on Flamingo. North on Hughes Center. Left at building entrance.
  • Architectural Style: High Rise
  • Building Name: PARK TOWERS
  • Entry Level: 14
  • Efficiency: Windows
  • Structure Type: High Rise
  • Year Built Details: RESALE
  • Year Built: 2000
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Year Built: 2000

Interior Features

  • Furnished: Furnished Or Unfurnished
  • Private Spa: No
  • Appliances: Built-In Gas Oven, Dryer, Dishwasher, Gas Cooktop, Disposal, Microwave, Refrigerator, Wine Refrigerator, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Possible Bedrooms: 3
  • Total Bedrooms: 2
  • Fireplace: No
  • Interior Amenities: Built-in Features, Elevator, Window Treatments, Programmable Thermostat
  • Living Area: 3515.0
  • Window Features: Drapes, Low-Emissivity Windows, Tinted Windows

Exterior Features

  • Pool Features: Community
  • Pool Private: No
  • View: City, Mountain(s), Strip View
  • View: Yes
  • Disclosures: Covenants/Restrictions Disclosure
  • Home Warranty: No
  • Patio And Porch Features: Terrace
  • Property Condition: Excellent, Resale

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Laundry Room
  • Security: Closed Circuit Camera(s), Floor Access Control, Security Guard, Gated Community
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Cable Available

Condo/Co-op/Association

  • Community Features: Pool
  • Senior Community: No
  • Amenities: Business Center, Fitness Center, Media Room, Barbecue, Pool, Security, Storage, Tennis Court(s), Elevator(s)
  • Association #2 Fee: 4088.0
  • Association #2 Fee Frequency: Monthly
  • Association Name: Park Towers
  • Phone: 702-938-7000
  • Association: Yes
  • Pets Allowed: Number Limit, Size Limit, Yes

Fee Information

  • Association Fee Includes: Clubhouse, Maintenance Grounds, Recreation Facilities, Reserve Fund, Security, Trash

Schools

  • Elementary School: Paradise,Paradise
  • High School: Valley
  • Middle Or Junior School: Orr William E.

Lot Info

  • Additional Parcels Description: ---

Tax Info

  • Tax Annual Amount: 19891.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2024
Closed on
Jun 14, 2024
Sold by
Kov-Qov Family Trust and Quart Barry
Bought by
Obyrne Holdings Llc
Seller's Agent
Randy Char
Las Vegas Sotheby's Int'l
Buyer's Agent
Peter Aulicino
Prima Realty Group
List Price
$3,200,000
Sold Price
$2,925,000
Premium/Discount to List
-$275,000
-8.59%
Views
29
Current Estimated Value
$3,126,970

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$201,970
Avg. Annual Appreciation
1.00%

Purchase Details

Closed on
Nov 13, 2020
Sold by
Quart Barry and Klein Kelly
Bought by
Quart Barry and Klein Kelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
2.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 8, 2015
Closed on
May 13, 2016
Sold by
Makarechian Paul
Bought by
Quart Barry and Quart Kelley
Seller's Agent
Kristen Routh Silberman
Douglas Elliman of Nevada LLC
Buyer's Agent
Bonnie Miller
Award Realty
List Price
$3,349,000
Sold Price
$2,400,000
Premium/Discount to List
-$949,000
-28.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.28%

Purchase Details

Closed on
Sep 19, 2011
Sold by
Makarechian Paul P
Bought by
Makarechian Paul and The Paul Makarechian Family Protection T

Purchase Details

Closed on
Dec 21, 2010
Sold by
Breitling Thomas C
Bought by
Makarechian Paul P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,312,500
Interest Rate
4.84%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 25, 2006
Sold by
Breitling Thomas C
Bought by
Breitling Thomas C and The Thomas C Breitling Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
6%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 29, 2001
Sold by
High Rise Jv Llc
Bought by
Breitling Thomas C and Thomas C Breitling Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
4%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Obyrne Holdings Llc $2,925,000 Stewart Title
Quart Barry -- Chicago Title Insurance Co
Quart Barry $2,400,000 Nevada Title Las Vegas
Makarechian Paul -- None Available
Makarechian Paul P $1,750,000 Nevada Title Las Vegas
Breitling Thomas C -- First Amer Title Co Of Nv
Breitling Thomas C $2,050,000 Nevada Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Quart Barry $1,200,000
Previous Owner Quart Barry $1,200,000
Previous Owner Makarechian Paul P $1,312,500
Previous Owner Breitling Thomas C $1,100,000
Previous Owner Breitling Thomas C $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2024 06/14/24 Sold $2,925,000 -8.6% $832 / Sq Ft
05/15/2024 05/15/24 Pending -- -- --
04/23/2024 04/23/24 For Sale $3,200,000 +33.3% $910 / Sq Ft
05/19/2016 05/19/16 Sold $2,400,000 -28.3% $683 / Sq Ft
04/19/2016 04/19/16 Pending -- -- --
09/08/2015 09/08/15 For Sale $3,349,000 -- $953 / 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 $20,661 $691,116 $244,940 $446,176
2024 $19,891 $691,116 $244,940 $446,176
2023 $17,404 $709,765 $305,517 $404,248
2022 $19,311 $679,677 $305,517 $374,160
2021 $18,749 $650,839 $290,139 $360,700
2020 $18,200 $645,872 $290,139 $355,733
2019 $17,670 $602,488 $274,761 $327,727
2018 $17,843 $608,389 $259,383 $349,006
2017 $17,377 $592,491 $236,316 $356,175
2016 $17,404 $593,100 $236,316 $356,784
2015 $17,405 $599,162 $236,316 $362,846
2014 $17,582 $620,519 $236,316 $384,203
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2024

    Randy Char

    Las Vegas Sotheby's Int'l

    (702) 544-0384

    36 in this area

    239 Total Sales

    Randy Char
    Section Image

  • P

    Buyer's Agent in 2024

    Peter Aulicino

    Prima Realty Group

    (650) 799-2861

    1 in this area

    6 Total Sales

    Peter Aulicino
    Section Image
  • Kristen Routh Silberman

    Seller's Agent in 2016

    Kristen Routh Silberman

    Douglas Elliman of Nevada LLC

    (702) 467-7100

    5 in this area

    217 Total Sales

    Kristen Routh Silberman
    Section Image

  • B

    Buyer's Agent in 2016

    Bonnie Miller

    Award Realty

See All Agents

About Park Towers at Hughes Center

Map

Source: Las Vegas REALTORS®

MLS Number: 2572848

Las Vegas REALTORS®

APN: 162-16-814-063

Nevada Clark County Las Vegas 89169 The Strip

1 Hughes Center Dr Unit 1401, Las Vegas, NV

This home is located at 1 Hughes Center Dr Unit 1401, Las Vegas, NV 89169 since 23 April 2024 and is currently estimated at $3,126,970, approximately $889 per square foot. This property was built in 2000. 1 Hughes Center Dr Unit 1401 is a home located in Clark County with nearby schools including Paradise Elementary School, William E. Orr Middle School, and Valley High School.

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