That’s about the monthly payment these days on a $300,000 mortgage (with great credit and 20% down). It is also the estimated monthly HOA assessment on Unit 2314 at the Montage.
Now the unit is spectacular – top floor with SW views. 3095 SF of urban sophistication and “fine dianing” opportunities nearby. The unit recently sold for $645,000.
So a quick back of the napkin calculation – you can buy a house at double the current Reno/Sparks median price for the same monthly payment as the HOA fees for a Montage Penthouse.