220 Mission Newport Lane 204, Las Vegas, NV 89107, Las Vegas, 89107 - 1 bed, 1 bath
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220 Mission Newport Lane 204
Las Vegas, NV 89107
ACTIVE
CONDITION: FAIR
1Beds
1Baths
660Sq Ft
660Lot Size
Property Price
LIST PRICE$114,000
EST. MARKET VALUE
$123,300
7% BelowMARKET VALUE
SUMMARY
This condominium represents a Prime Investment Opportunity, listed at a List Price of $119,500—positioned well below the $122,583 Fair Market Value by 2%. This valuation gap provides $3,083 in Instant Equity. Featuring a Condition Rating of 4, the unit offers modern wood-look flooring and essential appliances, though it invites cosmetic updates to the kitchen and bath. With community pools and proximity to I-11, this asset is ideal for Buy-and-Hold Investors or first-time buyers seeking an affordable entry point.
Estimated Market Value
$123,300+$9,300 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 220 Mission Newport Lane 204 Subject | $114,000* List Price | 1 | 1 | 660 | $187 | - |
A 221 Mission Newport Lane 205 Active | $145,000 List Price | 1 | 1 | 660 | $220 | 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.
The property is 35 years old (built 1989). While it features updated wood-look flooring, the bathroom vanity and fixtures appear original or dated (>20 years), and the electrical panel is from the original construction. The unit is functional and move-in ready but requires cosmetic updates to the kitchen and bath to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Value and Readiness
Priced competitively at $119,500, this move-in ready unit includes all essential appliances and modern wood-look flooring, offering an affordable entry point for first-time buyers or investors.
- Strategic Urban Connectivity
The property boasts excellent proximity to the I-11 freeway and is just a 10-minute drive from the vibrant dining and entertainment hub of Downtown Las Vegas, ensuring a convenient commute.
- Desirable Community Amenities
Situated within a secure gated community, residents benefit from lifestyle enhancements including two refreshing swimming pools and private balcony spaces for outdoor relaxation.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 660, other record living area = 876. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.
- High HOA-to-Price Ratio
The monthly association fee of $370 is relatively high in proportion to the listing price, which may impact the buyer's monthly debt-to-income ratio and overall investment yield.
- Low School Ratings
The assigned public schools carry low academic ratings (ranging from 2 to 3 out of 10), which could be a significant drawback for families and may affect long-term resale appeal.
About 220 Mission Newport Lane 204
Discover a vibrant lifestyle in this charming 1-bedroom, 1-bathroom condominium, perfectly situated on the second floor of a desirable gated community. This inviting residence spans 660 square feet and offers an exceptional blend of comfort and convenience. The spacious living room provides an ideal setting for relaxation, complemented by a kitchen and dining area featuring ample storage and plentiful cabinetry. Enjoy the sleek aesthetic of wood-look flooring throughout, eliminating carpets and simplifying maintenance. Step outside to your private balcony, perfect for enjoying the pleasant evenings. The community enhances your living experience with two refreshing pools, offering a perfect escape during hot summer days. This home includes all essential appliances, adding to its move-in readiness. Located just moments from I-11 freeway access, your commute is effortless, and downtown Las Vegas, with its dynamic entertainment and dining options, is a mere 10-minute drive. Enjoy unparalleled access to nearby shopping and entertainment venues, ensuring a lively and convenient urban living experience.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1989
- Lot Size
- 660 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $370 / Month
Neighborhood Insights
Las Vegas Unified Schools
Red Rock Elementary School
Grades PK-5 • 0.4 mi
2/10
Frank F Garside Junior High School
Grades 6-8 • 1.3 mi
3/10
Western High School
Grades 9-12 • 0.5 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 660 | 1,059.468 |
| Lot Size | 660 | 6,055.359 |
| Price | $114.0K | $225.8K |
| Price per sq ft | $173 | $213 |
| Built year | 1989 | 1996 |
| HOA | $370 | $254 |
| Days on market | 47 | 71 |
Pricing History
Listed for Sale
Aug 30, 2026
$114,000
$115,999
-2% Price Drop
Initial Listing
Price Change
Aug 19, 2026
$115,999
$118,000
-2% Price Drop
Initial Listing
Price Change
Aug 9, 2026
$118,000
$119,500
-1% Price Drop
Initial Listing
Price Change
Jul 24, 2026
$119,500
Initial Listing