$2,800,000
SOLD MAY 15, 2025

4381 W Flamingo Rd Unit 5708 Las Vegas, NV 89103

West of the Strip Neighborhood
2 Beds
2.5 Baths
3,142 Sq Ft
$4,217/mo HOA Fee

Recently Sold

$891 Per Sq Ft

15% Below List Price

69 Days on Market

Highlights

  • Fitness Center
  • 24-Hour Security
  • Heated Pool
  • Ed W Clark High School Rated A-
  • Penthouse
  • View of Las Vegas Strip

About This Home

As of May 2025

Experience the ultimate in Las Vegas luxury living with this breathtaking penthouse. This fully furnished residence is designed for the perfect blend of luxury, convenience, and investment potential. The penthouse is located on the 57th floor offering unparalleled Strip and mountain views. The terrace is wrap around and has a private jacuzzi. Upgraded high end kitchen with top appliances. Sleek, modern interior with designer finishes. Just minutes from the Las Vegas Strip, this high-rise property offers a unique opportunity for short-term rental income, as it is eligible for Airbnb and other vacation rental platforms. Owner financing options available.

Last Agent to Sell the Property

Alex Kostushin

Advanced Brokers Brokerage Phone: 702-284-7100 License #B.1002066 Listed on: 02/18/2025

Last Buyer's Agent

Kamran Zand

Luxury Estates International License #B.1001321

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $20,005

Year Built

  • Built in 2006

HOA Fees

  • $4,217 Monthly HOA Fees

Parking

  • Open Parking

Property Views

  • Las Vegas Strip
  • City
  • Mountain

Home Design

  • Penthouse
  • Entry on the 57th floor

Interior Spaces

  • 3,142 Sq Ft Home
  • Furnished
  • Built-In Features
  • Gas Fireplace
  • Tinted Windows
  • Blinds
  • Great Room

Kitchen

  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Home Security

Pool

  • Heated Pool
  • Spa

Schools

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

Utilities

  • Cooling Available
  • Central Heating

Additional Features

  • Energy-Efficient Windows
  • Terrace
  • Property is in good condition

Community Details

Overview

  • Association fees include cable TV, sewer, water
  • Terra West Association, Phone Number (702) 362-6262
  • High-Rise Condominium
  • Palms Place A Resort Condo & Spa At The Palms Lv Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • Business Center

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$20,005

Year Built

Built in 2006

Lot Details

0

HOA Fees

$4,217 per month

Listing Details

  • Prop. Type: Residential
  • Subdivision Name: Palms Place A Resort Condo & Spa At The Palms Lv
  • Directions: Located near the Las Vegas Strip. From I15 and Flamingo, west on Flamingo, past Palms Casino and Hotel to Palms Place
  • Architectural Style: High Rise, Penthouse
  • Building Name: PALMS PLACE
  • Entry Level: 57
  • Efficiency: Windows
  • Structure Type: High Rise
  • Year Built Details: RESALE
  • Year Built: 2006
  • ResoPropertyType: Residential
  • Attribution Contact: 702-284-7100
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Year Built: 2006

Interior Features

  • Furnished: Furnished
  • Private Spa: Yes
  • Appliances: Dryer, Dishwasher, Electric Cooktop, Disposal, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas, Great Room
  • Fireplace: Yes
  • Flooring: Luxury Vinyl Plank, Tile
  • Interior Amenities: Built-in Features, Window Treatments
  • Living Area: 3142.0
  • Window Features: Blinds, Tinted Windows

Exterior Features

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

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Open

Utilities

  • Laundry Features: Electric Dryer Hookup, Laundry Closet
  • Security: 24 Hour Security, Fire Sprinkler System
  • Cooling: Electric, 1 Unit
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Electricity Available

Condo/Co-op/Association

  • Community Features: Pool
  • Senior Community: No
  • Amenities: Business Center, Fitness Center, Pool, Spa/Hot Tub
  • Association Fee: 4217.0
  • Association Fee Frequency: Monthly
  • Association Name: Terra West
  • Phone: 702-362-6262
  • Association: Yes
  • Pets Allowed: No, Yes
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Cable TV, Sewer, Water

Schools

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

Lot Info

  • Additional Parcels Description: ---
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Annual Amount: 20005.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2025
Closed on
May 13, 2025
Sold by
Djbm Properties Llc
Bought by
Penthouse 5708 Llc
Seller's Agent
Alex Kostushin
Advanced Brokers
Buyer's Agent
Kamran Zand
Luxury Estates International
List Price
$3,300,000
Sold Price
$2,800,000
Premium/Discount to List
-$500,000
-15.15%
Views
32
Current Estimated Value
$2,415,608

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$384,392
Avg. Annual Appreciation
-33.33%

Purchase Details

Closed on
Sep 22, 2017
Sold by
Stanley Paul
Bought by
Djbm Properties Llc

Purchase Details

Closed on
Aug 8, 2008
Sold by
Stanley Erin Sutton
Bought by
Stanley Paul

Purchase Details

Closed on
Feb 28, 2008
Sold by
Palms Place Llc
Bought by
Stanley Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,809,500
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Bargain Sale Deed $2,800,000 Chicago Title
Bargain Sale Deed $1,500,000 Nevada Title Las Vegas
Interfamily Deed Transfer -- Stewart Title Las Vegas Warm
Bargain Sale Deed $3,290,000 Stewart Title Las Vegas Warm
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,809,500 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2025 05/15/25 Sold $2,800,000 -11.1% $891 / Sq Ft
04/29/2025 04/29/25 Pending -- -- --
03/21/2025 03/21/25 Price Changed $3,150,000 -4.5% $1,003 / Sq Ft
02/19/2025 02/19/25 For Sale $3,300,000 -- $1,050 / 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 $20,005 $668,543 $388,101 $280,442
2024 $17,919 $668,543 $388,101 $280,442
2023 $17,578 $685,460 $432,853 $252,607
2022 $16,270 $614,885 $386,666 $228,219
2021 $14,965 $541,655 $316,333 $225,322
2020 $14,744 $543,230 $316,333 $226,897
2019 $13,818 $533,372 $316,333 $217,039
2018 $13,185 $449,569 $233,750 $215,819
2017 $13,296 $453,350 $233,750 $219,600
2016 $15,381 $523,345 $312,375 $210,970
2015 $15,358 $529,848 $312,375 $217,473
2014 $15,077 $544,289 $312,375 $231,914
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2025

    Alex Kostushin

    Advanced Brokers

    11 in this area

    19 Total Sales

    Alex Kostushin
    Section Image

  • K

    Buyer's Agent in 2025

    Kamran Zand

    Luxury Estates International

    (702) 530-9263

    4 in this area

    131 Total Sales

    Kamran Zand
    Section Image
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Map

Source: Las Vegas REALTORS®

MLS Number: 2656966

Las Vegas REALTORS®

APN: 162-19-511-593

Nevada Clark County Las Vegas 89103 West of the Strip

4381 W Flamingo Rd Unit 5708, Las Vegas, NV

This home is located at 4381 W Flamingo Rd Unit 5708, Las Vegas, NV 89103 and is currently priced at $2,800,000, approximately $891 per square foot. This property was built in 2006. 4381 W Flamingo Rd Unit 5708 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.

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