101 Luna Way Unit 242, Las Vegas, NV 89145, Las Vegas, 89145 - 2 bed, 3 bath
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101 Luna Way Unit 242
Las Vegas, NV 89145
ACTIVE
CONDITION: FAIR
2Beds
3Baths
1,242Sq Ft
1,242Lot Size
Property Price
LIST PRICE$249,500
EST. MARKET VALUE
$247,479
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $260,000—positioned above the $252,165 Fair Market Value. While the unit requires modernization due to its Fair Condition Rating (popcorn ceilings, original cabinetry), the Dual Primary Suites and Low-Maintenance Tile Flooring provide a functional foundation for value-add renovations. The recent HOA-led roof replacement mitigates near-term structural risk. This asset is well-suited for Buy-and-Hold Investors seeking rental demand or first-time buyers looking to build equity through cosmetic updates.
Estimated Market Value
$247,479
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 Unit 242 Subject 2 bd · 3 ba · 1,242 sqft · $199 | $249,500* List Price | 2 | 3 | 1,242 | $199 | - |
A 7912 Foxwood Place 102 Sold 2 bd · 2 ba · 1,168 sqft · $193 · 0.8 mi | $225,000 | 2 | 2 | 1,168 | $193 | 0.8 mi |
B 7904 Idledale Court 203 Sold 2 bd · 2 ba · 1,168 sqft · $202 · 0.9 mi | $236,000 | 2 | 2 | 1,168 | $202 | 0.9 mi |
C 101 Luna Way 110 Sold 2 bd · 2 ba · 964 sqft · $207 · 0.1 mi | $200,000 | 2 | 2 | 964 | $207 | 0.1 mi |
D 7904 Ryandale Circle 204 Sold 3 bd · 2 ba · 1,266 sqft · $201 · 0.9 mi | $255,000 | 3 | 2 | 1,266 | $201 | 0.9 mi |
E 701 Wheat Ridge Lane 104 Sold 2 bd · 2 ba · 1,266 sqft · $205 · 0.9 mi | $260,000 | 2 | 2 | 1,266 | $205 | 0.9 mi |
F 101 Luna Way 145 Active 2 bd · 2 ba · 964 sqft · $249 · 0.0 mi | $239,900 List Price | 2 | 2 | 964 | $249 | 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 (34 years old) with mostly original features including oak cabinetry, white tile countertops, and dated floral wallpaper. While the unit is functional and features updated tile flooring and a newer roof, the kitchen, bathrooms, and popcorn ceilings are significantly dated and require modernization.
PROSSTRENGTHS & OPPORTUNITIES
- Dual Primary Suites
The floor plan features two primary suites, offering exceptional privacy and versatility for roommates, multi-generational living, or hosting guests.
- Recent Capital Improvements
The HOA has recently replaced the roof, providing significant value and reducing the likelihood of near-term special assessments for structural maintenance.
- Low-Maintenance Interior
Tile flooring throughout the unit offers a stylish, durable, and easy-to-clean surface that is perfectly suited for the Las Vegas desert climate.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1242, other record lot size in square feet = 3098.
- Listing Data Discrepancy
There is a notable conflict between the property description (3 bedrooms) and the metadata (2 beds), which may cause confusion for buyers and complications during the appraisal process.
- Property Age
Built in 1990, the unit may require updates to original mechanical systems or plumbing to meet modern efficiency standards compared to newer area developments.
About 101 Luna Way Unit 242
Beautiful Condo with Dual Primary Suites – Don’t Miss Out! Welcome home to this spacious 3-bedroom, 3-bathroom condo featuring two primary suites, offering comfort, privacy, and flexibility! Enjoy your own private balcony, perfect for relaxing and unwinding. The HOA has recently redone the roof, and beautiful tile flooring throughout adds style and easy maintenance. Located in a well-maintained community that shows pride of ownership, this condo is conveniently situated near shopping, dining, entertainment, and everyday essentials. With its versatile floor plan, desirable features, and fantastic location, this is an opportunity you won’t want to miss. Schedule your showing today!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1990
- Lot Size
- 1,242 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 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 | 3.0 | 2.0 |
| Square foot | 1,242 | 1,048.989 |
| Lot Size | 1,242 | 5,669.706 |
| Price | $249.5K | $221.6K |
| Price per sq ft | $201 | $210 |
| Built year | 1990 | 1996 |
| HOA | $270 | $254 |
| Days on market | 36 | 70 |
Pricing History
Listed for Sale
Oct 10, 2026
$249,500
$260,000
-4% Price Drop
Initial Listing
Price Change
Sep 18, 2026
$260,000
Initial Listing
Sold
Jun 5, 1996
$82,000
Public Record
Sold
Oct 2, 1995
$76,000
Public Record