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.