3123 Key Largo Drive 201, Las Vegas, NV 89120, Las Vegas, 89120 - 3 bed, 2 bath
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Las Vegas, NV 89120
This property presents a Prime Investment Opportunity with a List Price of $225,000—positioned well below the $229,914 Fair Market Value by 2%. This valuation gap offers $4,914 in Instant Equity for the buyer. Featuring a Fair Condition Rating, the home offers a functional, airy floorplan with recent cosmetic updates, though it retains original finishes. With community amenities like a pool and spa, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance, value-oriented residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3123 Key Largo Drive 201 Subject | $195,000* List Price | 3 | 2 | 1,190 | $170 | - |
A 3056 Casey Drive 201 Sold | $216,500 | 3 | 2 | 1,190 | $182 | 0.1 mi |
B 5130 Mandalay Springs Drive 102 Sold | $250,000 | 3 | 2 | 1,190 | $210 | 0.1 mi |
C 5150 MANDALAY SPRINGS Drive 204 Sold | $151,290 | 2 | 2 | 1,020 | $148 | 0.1 mi |
D 5150 Mandalay Springs Drive 204 Sold | $151,290 | 2 | 2 | 1,020 | $148 | 0.1 mi |
E 3141 Key Largo Drive 104 Sold | $195,000 | 2 | 2 | 987 | $198 | 0.0 mi |
F 3062 TARPON Drive 201 Sold | $194,000 | 2 | 2 | 987 | $197 | 0.2 mi |
G 3128 Tarpon Drive 204 Active | $239,000 List Price | 3 | 2 | 1,190 | $201 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1996 (28 years old), the property falls into the 'Fair' category as it is over 20 years old with mostly original features. While it has received recent cosmetic updates like new carpet and paint, the kitchen and bathrooms remain dated with original oak cabinetry and laminate counters. Visible peeling/damage on the kitchen pantry cabinet and older white appliances indicate a need for modernization.
The property has been recently updated with fresh interior paint, new carpeting, and a new microwave, offering a clean and modern aesthetic for immediate occupancy.
Situated in a secure gated community, residents benefit from premium amenities including a pool, spa, clubhouse, and BBQ area, which adds significant lifestyle value.
The open floorplan features a primary suite with a walk-in closet, a private balcony, and a separate laundry area, maximizing the utility of the 1,190 square feet.
The association fee of $357 per month is relatively high compared to the listing price, which may impact the overall affordability and debt-to-income ratio for potential buyers.
Built in 1996, the property and its core systems are approaching 30 years of age, which may necessitate future capital expenditures for maintenance or replacements beyond the recent cosmetic updates.
BEAUTIFULLY UPDATED HOME IN A GATED COMMUNITY FEATURING 2 BEDROOMS & 2 BATHROOMS WITH AN OPEN & AIRY FLOORPLAN. RECENTLY RENOVATED WITH NEW CARPET, FRESH INTERIOR PAINT & A NEW MICROWAVE TO BE INSTALLED. FRONT FORMAL LIVING ROOM FEATURES A FIREPLACE & ACCESS TO THE PRIVATE BALCONY. SEPARATE DINING AREA OFF THE LIVING ROOM INCLUDES LOW MAINTENANCE TILE FLOORING & CEILING FAN. KITCHEN FEATURES AMPLE COUNTERTOP SPACE, CABINET STORAGE & BUILT-IN MICROWAVE. SPACIOUS PRIMARY SUITE OFFERS A WALK-IN CLOSET, CEILING FAN & COMFORTABLE LAYOUT. SECONDARY BEDROOM FEATURES AMPLE CLOSET SPACE. SEPARATE LAUNDRY AREA WITH STORAGE SHELVING. WELL MAINTAINED COMMUNITY WITH AMENITIES INCLUDING POOL, SPA, CLUBHOUSE, BBQ AREA & GUEST PARKING. IDEAL FOR LOW MAINTENANCE LIVING! CONVENIENTLY LOCATED NEAR SHOPPING, DINING & FREEWAY ACCESS.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 82% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,190 | 1,017.5 | 82% |
| Lot Size | 1,849 | 2,640.5 | 45% |
| Price | $195.0K | $194.0K | 59% |
| Price per sq ft | $164 | $191 | 27% |
| Built year | 1996 | 1996 | 50% |
| HOA | $357 | $304 | 86% |
| Days on market | 63 | 342 | 5% |
May 29, 2026
$195,000
$225,000
-13% Price Drop
Initial Listing
Apr 14, 2026
$225,000
Initial Listing