101 Luna Way 118, Las Vegas, NV 89145, Las Vegas, 89145 - 2 bed, 2 bath
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101 Luna Way 118
Las Vegas, NV 89145
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,008Sq Ft
0Lot Size
Property Price
LIST PRICE$230,000
EST. MARKET VALUE
$219,530
4% AboveMARKET VALUE
SUMMARY
This Condominium represents a Strong Value Opportunity, listed at $230,000—positioned above the $219,530 Fair Market Value. While the property requires updates due to its Condition Rating of 4, it offers functional living with a Fireplace and Covered Patio. The first-floor accessibility and proximity to local amenities provide a stable foundation for value-add improvements. This property is an ideal acquisition for Buy-and-Hold Investors seeking a rental-ready asset or first-time buyers looking to build equity through cosmetic modernization.
Estimated Market Value
$219,530
Based on Realkey algorithm analyzing recent comparable sales in Las Vegas.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 101 Luna Way 118 Subject | $230,000* List Price | 2 | 2 | 1,008 | $218 | - |
A 7200 Pirates Cove Road 1047 Sold | $185,000 | 2 | 2 | 908 | $204 | 0.2 mi |
B 7200 Pirates Cove Road 2097 Sold | $209,999 List Price | 2 | 2 | 908 | 0.1 mi | |
C 7200 Pirates Cove Road 1047 Sold | $185,000 | 2 | 2 | 908 | $204 | 0.2 mi |
D 7901 Idledale Court 101 Sold | $210,000 | 2 | 2 | 1,168 | $180 | 0.9 mi |
E 101 Luna Way 110 Active | $195,000 List Price | 2 | 2 | 964 | $202 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1990, the property is 36 years old, placing it in the dated category. While the mention of 'solid countertops' suggests some level of past improvement (likely 15-20 years ago), the overall age and lack of recent full renovation indicate the unit needs cosmetic updates and system reviews to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- First-Floor Accessibility
The unit is conveniently located on the first floor, offering easy access and eliminating the need for stairs, which is a highly desirable feature for a wide range of buyers.
- Functional Living Features
The interior boasts an open living room with a fireplace and a kitchen equipped with solid countertops, providing a blend of comfort and durable finishes.
- Competitive Market Value
Priced at $230,000 for a 2-bedroom, 2-bathroom layout, this property offers an affordable entry point into the Las Vegas real estate market.
CONSRISKS & DEFICIENCIES
- Property Age
Built in 1990, the unit may require capital improvements or modern cosmetic updates to compete with newer developments in the area.
- Monthly Carrying Costs
The $270 monthly association fee adds a recurring expense that buyers must factor into their total monthly debt-to-income ratio.
About 101 Luna Way 118
WELCOME Home to your Lovely Las Vegas Condo with Amenities, located on the first floor with 2 bedrooms & 2 baths!! This Condo Home has an Open Living Room to Entertain Guest and a Fireplace! For Kitchen w/ solid countertops, pantry & dining area!! Cozy balcony w/ covered patio!! In close proximity to schools, shopping & dining!! Don’t miss out, Make an offer today!!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1990
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $270 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,008 | 1,059.468 |
| Lot Size | - | 6,055.359 |
| Price | $230.0K | $225.8K |
| Price per sq ft | $228 | $213 |
| Built year | 1990 | 1996 |
| HOA | $270 | $254 |
| Days on market | 50 | 71 |
Pricing History
Listed for Sale
Jul 21, 2026
$230,000
Initial Listing