4200 South Valley View Boulevard 3040, Las Vegas, NV 89103, Las Vegas, 89103 - 3 bed, 2 bath
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4200 South Valley View Boulevard 3040
Las Vegas, NV 89103
ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
1,257Sq Ft
9,776Lot Size
Property Price
LIST PRICE$415,000
EST. MARKET VALUE
$434,200
4% BelowMARKET VALUE
SUMMARY
This Prime Investment Opportunity is a Legal Short-Term Rental Condo listed at $430,000—positioned well below the $444,700 Fair Market Value by 3%. This valuation gap offers $14,700 in Instant Equity. Featuring a Turnkey Condition Rating, this fully renovated 3-bedroom unit includes a New 2019 AC, Pool, and Spa. With three years of proven financials and a prime location near the Strip, this asset is ideal for Buy-and-Hold Investors or Short-Term Rental Operators seeking immediate, cash-flowing income.
Estimated Market Value
$434,200+$19,200 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 |
|---|---|---|---|---|---|---|
★ 4200 South Valley View Boulevard 3040 Subject | $415,000* List Price | 3 | 2 | 1,257 | $345 | - |
A 4200 S Valley View Boulevard 3001 Active | $479,000 List Price | 3 | 2 | 1,257 | $381 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property is fully renovated and turnkey with modern finishes, including updated flooring, recessed lighting, and granite countertops. A key system, the AC, was replaced in 2019, meeting the criteria for a recent renovation in mint condition.
PROSSTRENGTHS & OPPORTUNITIES
- Legal Short-Term Rental Status
This property represents a rare opportunity to own a legal short-term rental just minutes from the Strip, complete with three years of proven financials and an active license eligibility.
- Turnkey Renovated Condition
The condo is fully renovated and furnished with a new AC system installed in 2019, allowing for immediate operation and income generation without additional capital improvements.
- Strategic Layout and Security
The highly desirable 3-bedroom floor plan is situated within a gated community featuring 24/7 live security, providing both guest safety and maximum occupancy potential for larger groups.
CONSRISKS & DEFICIENCIES
- Financing Restrictions
The requirement for cash-only offers significantly limits the potential buyer pool and excludes investors who rely on traditional mortgage financing.
- High Carrying Costs
The monthly association fee of $566 is relatively high, which may compress net profit margins for investors despite the strong rental potential.
About 4200 South Valley View Boulevard 3040
INVESTOR OR SECOND-HOME OPPORTUNITY — RARE 3-BEDROOM CONDO WITH GRANDFATHERED SHORT-TERM VACATION RENTAL USE JUST MINUTES FROM THE LAS VEGAS STRIP! Over $167,000 in historical gross vacation-rental revenue from 2023–2025, averaging approximately $55,875 per year over the last three full calendar years. This fully renovated and fully furnished 3-bedroom, 2-bathroom condo offers a rare opportunity to own a turnkey Las Vegas property with an established vacation-rental operating history. Use it as an investment property, a Las Vegas second home, or enjoy the flexibility of both. The highly desirable 3-bedroom floor plan provides added flexibility and strong appeal for families, groups, and guests seeking larger accommodations near the Strip. The property is offered fully furnished, eliminating the time and expense of renovating and furnishing a typical investment property. Located in a gated community with 24/7 live security, residents and guests enjoy two pools, a spa, and a designated Uber/Lyft pickup area near the clubhouse. HOA includes internet, water, trash, and parking. Fully renovated. Fully furnished. Grandfathered vacation-rental use. Proven rental history. Rare 3-bedroom floor plan. Minutes from the Las Vegas Strip. Historical gross revenue: 2023 — $56,506 2024 — $58,613 2025 — $52,506 Detailed historical financials available to qualified buyers. NEW AC 2019.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1990
- Lot Size
- 9,776 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $566 / Month
Neighborhood Insights
Las Vegas Unified Schools
Joseph E Thiriot Elementary School
Grades PK-5 • 1.8 mi
6/10
Grant Sawyer Middle School
Grades 6-8 • 3.2 mi
4/10
Ed W Clark High School
Grades 9-12 • 1.7 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,257 | 1,059.468 |
| Lot Size | 9,776 | 6,055.359 |
| Price | $415.0K | $225.8K |
| Price per sq ft | $330 | $213 |
| Built year | 1990 | 1996 |
| HOA | $566 | $254 |
| Days on market | 25 | 71 |
Pricing History
Listed for Sale
Sep 8, 2026
$415,000
$430,000
-3% Price Drop
Initial Listing
Price Change
Aug 15, 2026
$430,000
Initial Listing