1505 Cedar Rock Lane 201, Las Vegas, NV 89128, Las Vegas, 89128 - 2 bed, 2 bath
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Las Vegas, NV 89128
This 2-bedroom, 2-bath condominium represents a Strong Value Opportunity, listed at $190,000—positioned well above the $182,866 Fair Market Value by -3%. While the property is priced slightly above market, its Fair Condition Rating and move-in ready status offer immediate utility. Located minutes from Summerlin, the unit features a private covered balcony and an open-concept layout. With proximity to several schools, including Ernest Becker Middle School, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking an affordable entry into a high-demand area.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1505 Cedar Rock Lane 201 Subject | $190,000* List Price | 2 | 2 | 912 | $201 | - |
A 1336 Huntdale Lane 101 Sold | $224,000 | 2 | 2 | 996 | $225 | 0.3 mi |
B 1017 Falconhead Lane 102 Sold | $165,000 | 2 | 2 | 912 | $181 | 0.3 mi |
C 2100 Jetty Rock Drive 102 Sold | $219,000 | 3 | 2 | 1,038 | $211 | 0.8 mi |
D 917 ROCKVIEW Drive 201 Sold | $139,900 List Price | 2 | 2 | 912 | 0.4 mi | |
E 1325 Keifer Lane 201 Sold | $206,000 | 2 | 2 | 1,192 | $173 | 0.3 mi |
F 1150 N Buffalo Drive 2015 Sold | $190,000 | 2 | 2 | 928 | $205 | 0.5 mi |
G 1329 PINTO ROCK Lane 102 Sold | $190,000 | 2 | 2 | 1,136 | $167 | 0.1 mi |
H 1313 Pinto Rock Lane 202 Sold | $217,000 | 2 | 2 | 1,136 | $191 | 0.2 mi |
I 1108 North Cimarron Road 101 Active | $208,000 List Price | 2 | 2 | 912 | $228 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1992 (32 years old), the property falls into the Fair category due to its age and dated interior. While the listing mentions updated flooring and the unit appears clean and functional, the kitchen and bathrooms retain original oak cabinetry and older finishes. It is move-in ready but lacks the modern renovations required for a higher rating.
Priced under $200,000 in a highly desirable area near Summerlin, this property represents a rare and affordable entry point into the Las Vegas market for both first-time buyers and investors.
The unit is move-in ready, featuring updated flooring and a bright, open-concept layout that eliminates the need for immediate post-purchase renovation costs.
Located just minutes from Summerlin with convenient access to major freeways, shopping, and dining, the property offers a high-demand lifestyle and strong long-term appreciation potential.
FHA financing requires the buyer to verify community approval, suggesting the complex may not currently be on the approved list, which could limit loan options for some buyers.
While the local elementary school is well-rated, several nearby middle and high schools have lower performance scores, which may be a drawback for education-focused families.
Rare opportunity to own a move-in ready 2-bedroom, 2-bath condo priced under $200,000 in one of the most desirable areas of Las Vegas, just minutes from Summerlin. This bright, open-concept home features updated flooring, a spacious kitchen with breakfast bar, generous bedrooms, and a private covered balcony. Located in a well-maintained community with lush landscaping and convenient access to shopping, dining, parks, and major freeways. Opportunities like this are becoming increasingly difficult to find in this location. Whether you're purchasing your first home or expanding your investment portfolio, this property delivers exceptional value and long-term potential. FHA financing: Buyer to verify community approval with lender.
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades PK-5 • 1.1 mi
Grades PK-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 912 | - |
| Lot Size | - | - |
| Price | $190.0K | $217.2K |
| Price per sq ft | $208 | $219 |
| Built year | 1992 | 0 |
| HOA | $215 | $0 |
| Days on market | 3 | 828 |
Jul 24, 2026
$190,000
Initial Listing
Mar 22, 1996
$69,000
Public Record