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TITLE    DEED
Park Place
Rent $35.
     With 1 House $175.
     With 2 Houses  $500.
     With 3 Houses  $1100.
     With 4 Houses  $1300.
With HOTEL $1500

Mortgage Value $175.
Houses cost $200. each
Hotels, $200. plus 4 houses

If a player owns ALL the lots of any Color-Group, the rent is Doubled on Unimproved Lots in that group.

Park Place is the first of two properties in the Dark Blue color set, along with Boardwalk. It is the second-most expensive property to buy and develop, but is one of the least-landed on properties. Park Place was based off a small park in Atlantic City, which no longer exists. At the corner of Park Place and Boardwalk in Atlantic City stands a plaque commemorating Charles Darrow.


Summary

Park Place is a high-risk, high-reward property during gameplay. It isn't landed on often, if at all, but it can cause serious damage if developed. Since Park Place is the second-most expensive property behind Boardwalk, buying and developing this spot isn't cheap. However, it has high rent and, if developed with a Hotel, can bankrupt a player with its $1500 rent, the second-highest behind Boardwalk's $2000 rent.

Rents

  • Rent: $35
  • Rent with color set: $70
  • With Houses:
    • 1 House: $175
    • 2 Houses: $500
    • 3 Houses: $1100
    • 4 Houses: $1300
    • 1 Hotel: $1500

Prices

  • Printed Price: $350
  • Mortgage Value: $175
  • Building Costs: $200 each

Mega Edition

In the Mega Edition, Skyscraper rent is $2500.

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Strategy

Given it is 7 spaces away from jail, you would need to get luckier than normal for someone to land here to get those $1500 rents, though you only get the house value back if you go past 3 houses ($1100 for 3, $1300 for 4, and $1500 for hotel). Even at 3 houses, you still get the same amount as Illinois Avenue with a Hotel, but only spent $1200 for both Dark Blues to buy buildings.

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