470 Elm Drive 101, Las Vegas, NV 89169, Las Vegas, 89169 - 1 bed, 1 bath
Loading property details...
Las Vegas, NV 89169
This Value-Add Residential Asset is listed at $124,900 with a $98,881 Fair Market Value. While the Condition Rating of 5 necessitates interior modernization, the property’s proximity to the Las Vegas Strip and UNLV ensures robust rental demand. Residents benefit from a Newly-Renovated Swimming Pool, Designated Covered Parking, and a Low HOA Fee of $189. Despite the compact footprint and Low School Ratings, the central location offers significant utility and appreciation potential. This is a strategic acquisition for Buy-and-Hold Investors or first-time buyers focused on long-term wealth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 470 Elm Drive 101 Subject | $124,900* List Price | 1 | 1 | 462 | $214 | - |
A 460 ELM Drive 103 Sold | $146,000 | 1 | 1 | 462 | $316 | 0.0 mi |
B 470 ELM Drive 102 Sold | $130,000 | 1 | 1 | 462 | $281 | - |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1986, the property is over 30 years old with no evidence of major interior renovations. The bathroom features dated oak cabinetry and 4x4 tile, and the living area utilizes an older wall-mounted AC unit, meeting the criteria for a property requiring rehab/modernization due to age.
Situated minutes from the Las Vegas Strip, Convention Center, and UNLV, this property offers exceptional proximity to major employment hubs, transit, and world-class entertainment.
With a competitive list price and a low monthly HOA fee of only $189, this unit presents a highly affordable entry point for first-time buyers or investors.
The well-maintained gated community provides added security and features a newly-renovated swimming pool and designated covered parking, enhancing overall resident lifestyle.
At only 462 square feet, the compact interior may limit appeal for buyers requiring more living space or significant storage options.
The property is zoned for schools with ratings between 2 and 3, which could be a drawback for families and may impact future resale value.
Location is everything! Centrally situated in Las Vegas, this charming condo is close to the Convention Center, University, Wynn Casino/ golf course, the Monorail on Paradise Road with easy access minutes from the Strip. Within a well-maintained gated community called Paradise Colony, this 1 bedroom 1 bathroom condo offers a cozy living space. Built in 1986, it has a timeless design and comfortable layout. The open floor plan provides a seamless flow between the living room, dining area, and kitchen, providing a great space for entertaining or relaxing. The kitchen is equipped with ample cabinet space, making meal preparation a breeze. The bedroom is spacious and offers a peaceful retreat from the living area. The condo has a low HOA monthly fee of only $189, and residents can enjoy access to the newly-renovated swimming pool. There is a designated covered parking for added convenience as well as a newer water heater in the unit. Come see this property today before it is gone!!
No exterior & parking available.
Grades PK-5 • 0.7 mi
Grades 6-8 • 1.3 mi
Grades 9-12 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 462 | 770 | 13% |
| Lot Size | - | 816 | 40% |
| Price | $124.9K | $130.0K | 32% |
| Price per sq ft | $270 | $186 | 58% |
| Built year | 1986 | 1973 | 58% |
| HOA | $189 | $230 | 45% |
| Days on market | 43 | 701 | 2% |
May 4, 2026
$124,900
Initial Listing