3055 Key Largo Drive 204, Las Vegas, NV 89120, Las Vegas, 89120 - 2 bed, 2 bath
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Las Vegas, NV 89120
This Condominium is a High-Potential Investment Opportunity, listed at $199,000—positioned above the $170,974 Fair Market Value. While the list price exceeds the current valuation, the property offers a Fair Condition Rating with brand new paint and laminate flooring, ensuring a move-in-ready state. Located in a gated community with three pools, a spa, and a fitness center, it provides strong rental appeal near UNLV and the Strip. This asset is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a convenient, amenity-rich lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3055 Key Largo Drive 204 Subject | $188,000* List Price | 2 | 2 | 1,020 | $165 | - |
A 5130 Mandalay Springs Drive 103 Sold | $190,000 | 2 | 2 | 1,020 | $186 | 0.0 mi |
B 5150 MANDALAY SPRINGS Drive 204 Sold | $151,290 | 2 | 2 | 1,020 | $148 | 0.1 mi |
C 3062 TARPON Drive 201 Sold | $194,000 | 2 | 2 | 987 | $197 | 0.1 mi |
D 5150 Mandalay Springs Drive 204 Sold | $151,290 | 2 | 2 | 1,020 | $148 | 0.1 mi |
E 3044 Casey Drive 104 Sold | $180,000 | 2 | 2 | 1,020 | $176 | 0.0 mi |
F 3083 Casey Drive 101 Sold | $195,000 | 2 | 2 | 987 | $198 | 0.1 mi |
G 3051 Key Largo Drive 203 Active | $219,000 List Price | 2 | 2 | 987 | $222 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1996 (28 years old), placing it in the >20y category. While it features brand new paint and updated laminate flooring, the bathrooms remain dated with original oak-style cabinetry and laminate counters. It is clean and functional but requires modern updates to the kitchen and baths to move beyond a fair rating.
The property is ideally situated within walking distance to major retail and 24/7 transit, and offers close proximity to UNLV and the Las Vegas Strip, making it highly attractive for both residents and investors.
The unit features brand new interior paint, durable laminate and tile flooring, and includes all appliances, providing a move-in-ready experience with minimal immediate maintenance required.
Located within a secure gated community, residents have access to premium facilities including three pools, a spa, a fitness center, and a clubhouse, significantly enhancing the lifestyle value.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4934, other record lot size in square feet = 1849.
The monthly HOA fee of $357 is relatively high for a property at this price point, which may impact the debt-to-income ratio for buyers and reduce net cash flow for investors.
Being located on the second floor may limit the property's appeal to buyers with mobility concerns or those specifically seeking the convenience of a ground-floor unit.
Brand new paint throughout the unit. Very easy to show. Nice Condo unit on the 2nd floor, with 2 bedrooms and 2 bathrooms. Gated Community with 3 pools/Spa and Fitness Center and Clubhouse. Very clean and nice unit. Walk-in Closet in the Primary Bedroom. Balcony off the Living room with very open views and big trees surrounding. Very convenient location, walking distance to Walmart, supermarket and everything. Close to UNLV and the Strip, On 24/7 bus Routes. tile flooring in wet area, laminate flooring in two bedrooms and the closets. All appliances are included some are fairly new.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,020 | 1,017.5 | 50% |
| Lot Size | 4,934 | 3,083.5 | 82% |
| Price | $188.0K | $192.0K | 45% |
| Price per sq ft | $184 | $191 | 45% |
| Built year | 1996 | 1996 | 50% |
| HOA | $357 | $304 | 86% |
| Days on market | 39 | 342 | 5% |
May 29, 2026
$188,000
$199,000
-6% Price Drop
Initial Listing
May 8, 2026
$199,000
Initial Listing
May 3, 1996
$80,000
Public Record