3822 Ormond Beach Street 101, Las Vegas, NV 89129, Las Vegas, 89129 - 2 bed, 2 bath
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Las Vegas, NV 89129
This property presents a High-Potential Investment Opportunity with a List Price of $247,500—positioned well below the $202,087 Fair Market Value by -22%. Featuring a Fair Condition Rating, the unit offers a clear value-add path through cosmetic modernization of the kitchen and baths. Residents benefit from a gated community with a Pool and Spa and a strategic east-facing orientation. While the HOA fee is a factor, the proximity to Lone Mountain and Red Rock provides strong rental appeal. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3822 Ormond Beach Street 101 Subject | $247,500* List Price | 2 | 2 | 1,024 | $224 | - |
A 10550 W Alexander Road 2133 Sold | $265,000 | 2 | 2 | 1,172 | $226 | 0.7 mi |
B 10550 W Alexander Road 1040 Sold | $250,000 | 2 | 2 | 1,184 | $211 | 0.6 mi |
C 3930 Legend Hills 201 Sold | $205,000 List Price | 2 | 2 | 1,110 | 0.2 mi | |
D 3915 Legend Hills 204 Sold | $247,500 | 2 | 2 | 1,110 | $223 | 0.2 mi |
E 10190 Deerfield Beach Avenue 202 Sold | $278,000 | 3 | 2 | 1,260 | $221 | 0.2 mi |
F 3915 Legend Hills Street 204 Sold | $247,500 | 2 | 2 | 1,110 | $223 | 0.2 mi |
G 10550 W Alexander Road 1068 Sold | $300,000 | 2 | 2 | 1,184 | $253 | 0.6 mi |
H 3364 Indian Shadow Street 101 Sold | $240,000 | 2 | 2 | 1,242 | $193 | 0.9 mi |
I 3812 Ormond Beach Street 201 Active | $240,000 List Price | 2 | 2 | 1,110 | $216 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2003, this 23-year-old property falls into the 'Fair' category as it appears mostly original. The kitchen features dated oak cabinetry, laminate countertops, white appliances, and a wallpaper border consistent with its year of construction. While functional and clean, the unit requires cosmetic updates and modernization of the kitchen and likely the baths to meet current market standards.
The unit's downstairs location on the east side of the building naturally shields the interior from the intense Nevada western sun, improving energy efficiency and comfort.
Ideally situated near Lone Mountain, Red Rock Recreation Area, and the 215 Beltway, offering residents unparalleled access to outdoor activities and city-wide commuting.
Located within a gated community that provides both enhanced security and desirable lifestyle features, including a private pool and spa for residents.
The monthly association fee of $319 is a significant recurring cost that may impact the overall affordability and monthly budget for some buyers.
While the elementary school is very close, the assigned middle and high schools carry moderate ratings of 5/10, which may be a consideration for education-focused families.
Welcome to 3822 Ormond Beach Street, Unit 101 in the wonderful gated community of Lone Mountain Condos! Speaking of Lone Mountain, you're in the shadow of the Lone Mountain and have easy and convenient access to the 215 Beltway. Nearby parks, recreation, shopping, dining and more are augemented the Gate Community and its own Pool and Spa! The condo itself is located downstairs and on the east side of the condo building which shields the bulk of the unit from the western setting sun. You're just a short drive from Downtown Summerlin and a reasonable drive to Mount Charleston and Red Rock Recreation Area. Do not miss this incredible property!
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades PK-5 • 0.9 mi
Grades PK-5 • 2.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,024 | - |
| Lot Size | - | - |
| Price | $247.5K | $217.2K |
| Price per sq ft | $242 | $219 |
| Built year | 2003 | 0 |
| HOA | $319 | $0 |
| Days on market | 42 | 828 |
Jun 10, 2026
$247,500
Initial Listing