NOT LISTED FOR SALE

Estimated Value: $3,548,000 - $18,918,750

5 Beds
7.5 Baths
12,940 Sq Ft
$8,296/mo HOA Fee

Last Sold June 02, 2021

Last sale price $16,250,000 $1,256 Per Sq Ft

Est. 31% decrease in value since last sale

Current estimated payment $73,310/month

200 Days on Market

Highlights

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

About This Home

As of June 2021

Perched high above the Las Vegas strip, this single floor Penthouse has 12,940 s/f of interior space, with an additional almost 2,000 s/f of balcony/outdoor space. Boasting 360 degree views of the entire Las Vegas valley – from the Strip to Downtown, the airport to Allegiant Stadium, Sunrise Mountain to Red Rock and beyond – there is nothing else like it. Fully equipped with a professional gym, steam room, sauna and cold plunge this is perfect for the fitness enthusiast. With a catering kitchen, private wine room, bar and game room, it is the ideal location for a dinner for 2 or a large party with a private chef and staff. Capture the sunrise upon waking up in the master bedroom, and toast the sunset from the game room, stopping to enjoy the custom circular fish tank on the way. Featuring dual masters, 3 guest bedrooms and 7 bathrooms, words alone cannot describe this one of a kind home.

Last Listed By

Michael McGraw

Elite Realty License #S.0056772 Listed on: 10/14/2020

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $48,321

Year Built

  • Built in 2007

Lot Details

  • 1.41

HOA Fees

  • $8,296 Monthly HOA Fees

Property Views

  • Las Vegas Strip
  • City
  • Mountain

Home Design

  • Penthouse

Interior Spaces

  • 12,940 Sq Ft Home
  • Furnished
  • Built-In Features
  • Insulated Windows
  • Tinted Windows
  • Window Treatments
  • Security System Owned

Kitchen

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

Flooring

  • Wood
  • Concrete

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Sink Near Laundry
  • Laundry Cabinets

Parking

  • 4 Parking Spaces
  • Covered Parking
  • Assigned Parking

Eco-Friendly Details

  • Energy-Efficient Windows
  • Energy-Efficient HVAC

Schools

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

Utilities

  • High Efficiency Air Conditioning
  • Zoned Heating System
  • High Efficiency Heating System
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Terrace
  • Property is in excellent condition

Community Details

Overview

  • Association fees include common areas, insurance, ground maintenance, taxes
  • The Martin Association, Phone Number (702) 289-4802
  • High-Rise Condominium
  • Panorama Tower Phase Iii Subdivision
  • The community has rules related to covenants, conditions, and restrictions
  • 45-Story Property

Amenities

  • Valet Parking
  • Business Center
  • Elevator

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed
  • Pet Restriction
  • Pet Size Limit

Security

  • 24-Hour Security
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$48,321

Year Built

Built in 2007

Lot Details

0

HOA Fees

$8,296 per month

Listing Details

  • Prop. Type: Residential
  • Subdivision Name: Panorama Tower Phase Iii
  • Directions: From 1-15 take Tropicana East to Dean Martin Drive. Head North on Dean Martin Drive to Jerry Lewis Drive. The Martin is on the corner of Dean Martin and Jerry Lewis.
  • Architectural Style: High Rise, Penthouse
  • Building Name: THE MARTIN
  • Entry Level: 45
  • Efficiency: Windows, HVAC
  • Structure Type: High Rise
  • Year Built Details: RESALE
  • Year Built: 2007
  • ResoPropertyType: Residential
  • Attribution Contact: 702-228-7227
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Year Built: 2007

Interior Features

  • Furnished: Furnished
  • Private Spa: No
  • Appliances: Built-In Electric Oven, Double Oven, Dryer, Dishwasher, ENERGY STAR Qualified Appliances, Electric Cooktop, Electric Range, Disposal, Microwave, Refrigerator, Separate Ice Machine, Wine Refrigerator, Washer
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Possible Bedrooms: 6
  • Total Bedrooms: 5
  • Fireplace: No
  • Flooring: Concrete, Hardwood
  • Interior Amenities: Built-in Features, Window Treatments
  • Living Area: 12940.0
  • Stories: 45
  • Window Features: Insulated Windows, Tinted Windows, Window Treatments

Exterior Features

  • Pool Features: Association, 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

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

Utilities

  • Laundry Features: Cabinets, Electric Dryer Hookup, Laundry Room, Sink
  • Security: Closed Circuit Camera(s), 24 Hour Security, Security System Owned, Security System, Fire Sprinkler System
  • Cooling: Electric, High Efficiency
  • Cooling Y N: Yes
  • Heating: Central, Electric, High Efficiency, Zoned
  • Heating Yn: Yes
  • Utilities: Cable Available, Electricity Available, High Speed Internet Available

Condo/Co-op/Association

  • Community Features: Pool
  • Senior Community: No
  • Amenities: Business Center, Fitness Center, Pool, Pet Restrictions, Spa/Hot Tub, Security, Elevator(s)
  • Association Fee: 8296.0
  • Association Fee Frequency: Monthly
  • Association Name: The Martin
  • Phone: 702-289-4802
  • Association: Yes
  • Pets Allowed: Size Limit, Yes
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Common Areas, Insurance, Maintenance Grounds, Taxes

Schools

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

Lot Info

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

Tax Info

  • Tax Annual Amount: 48321.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2020
Closed on
May 29, 2021
Sold by
Martin 4500 Llc
Bought by
Nev Property One Llc
Seller's Agent
Michael McGraw
Elite Realty
Buyer's Agent
Christian Carrillo
Signature Real Estate Group
List Price
$18,000,000
Sold Price
$16,250,000
Premium/Discount to List
-$1,750,000
-9.72%
Total Days on Market
200
Current Estimated Value
$11,233,375

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,016,625
Avg. Annual Appreciation
-7.69%

Purchase Details

Listed on
Mar 2, 2015
Closed on
Dec 7, 2015
Sold by
4471 Dean Martin Dr Las Vegas Llc
Bought by
The Martin 4500 Llc
Seller's Agent
Kamran Zand
Luxury Estates International
Buyer's Agent
Michael McGraw
Elite Realty
List Price
$4,995,000
Sold Price
$4,250,000
Premium/Discount to List
-$745,000
-14.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.13%

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
Nev Property One Llc $16,250,000 First American Title Insu
The Martin 4500 Llc $4,250,000 Lawyers Title Of Nevada R
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2021 06/02/21 Sold $16,250,000 -9.7% $1,256 / Sq Ft
05/03/2021 05/03/21 Pending -- -- --
10/14/2020 10/14/20 For Sale $18,000,000 +323.5% $1,391 / Sq Ft
01/07/2016 01/07/16 Sold $4,250,000 -14.9% $328 / Sq Ft
12/08/2015 12/08/15 Pending -- -- --
03/02/2015 03/02/15 For Sale $4,995,000 -- $386 / 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 $64,772 $4,299,162 $2,420,945 $1,878,217
2024 $64,772 $4,299,162 $2,420,945 $1,878,217
2023 $64,772 $3,919,762 $2,230,620 $1,689,142
2022 $59,974 $3,086,215 $1,528,625 $1,557,590
2021 $55,532 $2,436,642 $935,690 $1,500,952
2020 $51,559 $2,353,672 $881,342 $1,472,330
2019 $48,321 $2,310,315 $854,168 $1,456,147
2018 $35,781 $1,908,333 $822,465 $1,085,868
2017 $50,527 $1,722,817 $845,110 $877,707
2016 $26,943 $1,197,053 $497,000 $700,053
2015 $27,933 $1,401,656 $497,000 $904,656
2014 $27,102 $1,200,107 $497,000 $703,107
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Las Vegas REALTORS®

MLS Number: 2235472

Las Vegas REALTORS®

APN: 162-20-213-372