By now almost everyone has heard how inexpensive property is in Las Vegas. The national media has beating the foreclosure drum to death. However, certain parts of town still command a hefty price tag. For those looking for a condo on the strip, prices have gone down...but are not at rock bottom.
That doesn't mean that you can't enjoy a high roller lifestyle on a more modest budget. There are quite a few communities located within walking distance to the strip that have fallen in price dramatically. They offer some of the same amenities found in strip properties, but cost far less. A good example would be the mid rise Meridian condos. Located on E Flamingo within walking distance of the strip and a monorail station, the community offers a host of resort style amenities you would expect in a higher end community including onsite dry cleaning, mail services, concierge services, two lighted tennis courts, pools, fitness center and underground secure parking.
If you have a little larger budget and prefer high rise living, Allure condos are a good choice. The Allure has brand new units that have fallen out of escrow now listed at 50% of original list price. The community has all of the upscale amenities you would expect and is located on Sahara Avenue, just a few hundred feet from the strip.