If you’ve been keeping an eye on the Las Vegas real estate market, you’ve probably noticed something interesting happening lately. While single-family homes have always been the main focus, more buyers are starting to look up, literally. High-rise living is back in demand, and it’s easy to see why.
Communities like Turnberry Towers offer a mix of convenience, security and resort-style amenities that make city living feel effortless. After seven years of representing listings there, with 46 sales, 34 rentals and several record-breaking transactions, I’ve seen this shift firsthand, and I’m excited to share what’s driving it.
A Shift Toward a Buyer’s Market
Much like the broader Las Vegas market, the high-rise segment has shifted toward a buyer’s market over the past 12 to 18 months. With more inventory available, buyers now have greater flexibility and negotiation power. The average days on market currently sits around six months.
For investors, returns have tightened slightly due to interest rates and HOA fees, bringing the average ROI to around 3 to 4 percent. Yet the lifestyle buyer, those purchasing for personal use or as a second home, continues to drive demand.
For these buyers it’s not just about numbers. It’s about quality of life. They value the lock-and-leave convenience, security and vibrant atmosphere that high-rise living offers, and Turnberry Towers continues to deliver on every level.
Who’s Buying and Why
Today’s high-rise buyers come from all walks of life but many share something in common: they’re relocating from out of state.
Most of my clients are moving from California, the Pacific Northwest and Florida. Many work in industries such as construction, development and hospitality that bring them to Las Vegas frequently. They want a property that feels like home but requires minimal upkeep, allowing them to travel freely and enjoy a truly lock-and-leave lifestyle.
High-rise living offers that balance perfectly, luxury without the hassle, access without the congestion and privacy without isolation. It’s the ideal way to experience everything Las Vegas has to offer while maintaining a sense of ease and independence.
The Lifestyle Advantage
Turnberry Towers offers a rare balance of comfort and sophistication. Residents enjoy resort-style pools, a modern fitness center, tennis and pickleball courts, valet service and 24-hour security, creating an effortless, upscale living experience.
What truly sets the property apart is its outdoor space. Each residence includes one or more large terraces, offering panoramic views of the Strip, nearby golf courses and desert mountains. From sunrise coffee to sunset over Red Rock Canyon, the connection between indoor and outdoor living is unmistakable.
Turnberry Towers: A Case Study in Longevity
As both a resident and a realtor, I’ve seen firsthand why Turnberry Towers continues to stand out. It has a timeless feel, solidly built, beautifully designed and backed by a name people trust.
Turnberry has always been known for quality. From Turnberry Place to the MGM Signature Towers and partnerships with brands like JW Marriott and St. Regis, the name carries a legacy of luxury that really means something in Las Vegas real estate.
Inside, the homes feel spacious, warm and thoughtfully designed. The neutral finishes and open layouts never go out of style, and the recent updates keep everything feeling fresh without losing the building’s original charm. The community is also in great hands, the HOA is proactive, well-funded and genuinely cares about keeping the property in top shape. That sense of care and consistency is a big reason why Turnberry remains one of the most sought-after addresses in the city.
Market Highlights and Record Sales
Turnberry Towers continues to attract attention across all price points with a steady stream of milestone transactions.
In March 2025, I represented a buyer in a $1.6 million purchase of a combined residence at Turnberry Towers East, the highest sale in the building in the past decade. Another listing scheduled to close this November will mark the top sale since 2022, further demonstrating the sustained strength of this market.
These results reflect a simple truth: when a property delivers on quality, location and management, there will always be demand.
Looking Ahead
As Las Vegas continues to grow with new entertainment venues, professional sports and developments like The Sphere and Fontainebleau, location and convenience are top of mind for today’s buyers.
High-rise living offers the best of both worlds, close to the city’s energy but with the privacy and ease that come from a lock-and-leave lifestyle. Many locals are also drawn to the Arts District, where a creative community and laid-back atmosphere offer a refreshing alternative to the Strip.
Looking ahead, I expect interest in luxury high-rise living to stay strong. Today’s buyers know what they want, comfort, security and long-term value in a space that fits their lifestyle. The high-rise buyer is back, and this time, they’re choosing with purpose.
About the Author
Rachael Tharp is a trusted Real Estate Advisor specializing in High Rise, Luxury and Lifestyle homes across the Las Vegas Valley. Known for her integrity, transparency and solutions-based approach, she’s dedicated to creating seamless, rewarding experiences for every client she serves.
