While the view from the place is indeed spectacular - you'll pay the price for it both in dollars as well as distance from the Strip (no stumbling home after a night out as it's a 15 minute cab or Uber ride - no wonder that all the Uber and cab drivers cover their back seats with tarps!).
If there are just 2-4 of you, you will enjoy this place. However I wouldn't recommend if you have any more people as there are only three beds, two of which are in a single room. You will all be on top of one another.
The star of the penthouse is definitely the outdoor hot tub which is featured prominently in the listing. I traveled here with my wife and two kids and they were super excited to use it. However, we never got the chance to. Within hours of our arrival the hot tub was inexplicably and entirely drained and we were told it wouldn't be refilled until days later, after our departure. What sort of punishment was this?
Obviously this was a huge disappointment to our kids as we had went out to buy bathing suits in Vegas and everything. When I first raised the drained hot tub issue to owner, he suggested that it was our fault due to user error (it wasn't). I asked that he refund some pro rata portion of our payments but he refused. And also then hit us with a surprise $250 cleaning fee up and beyond the $4,000 we paid to rent the place for a couple nights. That's called "tacky" in my world.
When he realized that it wasn't our fault but due to building maintenance, he said we could use the "bath tub" in the bathroom instead. WHAT? The whole point is to sit in a hot tub with your friends and family enjoying the view over Vegas - not sitting by yourself in a bathtub staring at a tile wall. You can do that at home!
I told him I would write an honest review if he didn't refund a portion of our huge fee for this disappointing 2-night experience - and his response was that we could check out an hour or two later if we wanted (big whoop! we didn't need it) or get an unspecified discount on a future stay (that won't be happening). I've stayed in nearly 100 Airbnbs around the world and this was the most Tone Deaf owner I have ever run across.
So buyer beware on renting this Airbnb. It's a bit dated, two of the showers didn't work, it's dirty in some spots (for the price), it's out of the way, and it's run by a tone-deaf owner with questionable ethics.