3682 Melonies Drive 5, Las Vegas, NV 89103, Las Vegas, 89103 - 1 bed, 1 bath
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Las Vegas, NV 89103
This Modernized Turnkey Condominium represents a Prime Investment Opportunity, listed at $150,000—positioned well below the $157,200 Fair Market Value by 4%. This valuation gap provides $7,200 in Instant Equity. Boasting a Condition Rating of 3, the interior features an updated kitchen with granite countertops and stainless-steel appliances. Located minutes from the Las Vegas Strip and served by 4-rated schools including Rex Bell and Clark High, the gated community offers a pool and spa. This asset is ideal for First-Time Buyers or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3682 Melonies Drive 5 Subject | $150,000* List Price | 1 | 1 | 480 | $328 | - |
A 4200 S VALLEY VIEW Boulevard 3054 Sold | $144,500 List Price | 1 | 1 | 496 | 0.8 mi | |
B 3603 Di Salvo Drive 140 Active | $174,000 List Price | 1 | 1 | 480 | $363 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features significant interior updates, specifically in the kitchen which boasts granite countertops and stainless-steel appliances. While the building was constructed in 1984, the unit appears well-maintained with uniform tile flooring throughout, updated ceiling fans, and clean interior finishes, requiring no immediate renovations.
Situated minutes from Chinatown and in very close proximity to the Las Vegas Strip, this property offers unparalleled access to world-class dining, shopping, and entertainment.
The availability of a $50,000 down payment grant for qualified buyers, combined with a low HOA fee, makes this an exceptionally affordable entry point for first-time homeowners or investors.
The unit features an updated kitchen with premium granite countertops and stainless-steel appliances, providing a contemporary aesthetic that adds immediate value.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6082, other record lot size in square feet = 2116.
At only 480 square feet, the compact living space may be a significant constraint for buyers seeking more storage or room for lifestyle flexibility.
Built in 1984, the property and community facilities may require more frequent maintenance or future capital improvements compared to newer developments.
$50,000 Down payment grants available for qualified buyer. Live the Vegas lifestyle in this well-designed 1-bed/1-bathroom condo with a layout that maximizes space & brings in natural light. Updated kitchen with granite countertops & stainless-steel appliances. Comfortable living area perfect for entertaining an intimate gathering. Enjoy the perfect balance of excitement & tranquility in this gated community with low HOA. Take a refreshing dip in the sparkling community pool or unwind in the soothing spa after a long day in those warm summer months. Minutes from China Town & very close proximity to the Las Vegas Strip, offering easy access to world-class dining, entertainment, & shopping. Enjoy the city while still having a peaceful retreat to call home, or this could be an easy investment home!
No exterior & parking available.
Grades PK-5 • 1.4 mi
Grades 6-8 • 3.4 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 36% |
| Baths | 1.0 | 1.5 | 50% |
| Square foot | 480 | 880.5 | 1% |
| Lot Size | 6,082 | 1 | 89% |
| Price | $150.0K | $156.1K | 46% |
| Price per sq ft | $312 | $195 | 97% |
| Built year | 1984 | 1983 | 51% |
| HOA | $237 | $188 | 73% |
| Days on market | 77 | 1176 | 2% |
Feb 4, 2026
$150,000
Initial Listing
Jun 1, 1994
$16,000
Public Record