4831 Nara Vista Way 201, Las Vegas, NV 89103, Las Vegas, 89103 - 1 bed, 1 bath
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Las Vegas, NV 89103
This property presents a High-Potential Investment Opportunity with a List Price of $149,000—positioned well below the $149,776 Fair Market Value by 0.5%. This valuation gap offers $776 in Instant Equity for buyers. Featuring a Fair Condition Rating (4/10), the unit requires cosmetic updates to modernize its 1988 finishes. With in-unit laundry, covered parking, and partial mountain views, this asset is well-positioned for rental demand. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking an affordable, value-add entry point.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4831 Nara Vista Way 201 Subject | $149,000* List Price | 1 | 1 | 568 | $264 | - |
A 4893 S Torrey Pines Drive 202 Sold | $149,000 | 1 | 1 | 569 | $262 | 0.4 mi |
B 4893 S TORREY PINES Drive 202 Sold | $149,000 | 1 | 1 | 569 | $262 | 0.4 mi |
C 4855 S Torrey Pines Drive 102 Sold | $175,000 | 1 | 1 | 569 | $308 | 0.4 mi |
D 4847 S Torrey Pines Drive 102 Active | $189,900 List Price | 1 | 1 | 569 | $334 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1988, this 36-year-old property features a functional but dated interior. The kitchen retains older oak-style cabinetry, laminate countertops, and mismatched appliances, while the bathroom shows original-style fixtures. Although well-maintained and move-in ready, the property exceeds the 20-year threshold for modern updates and requires cosmetic and system refreshes to meet current market standards.
Priced at $149,000, this property represents a low-entry-point investment or an affordable option for first-time buyers in a central Las Vegas location.
The inclusion of an in-unit stacked washer and dryer, gas cooking, and assigned covered parking provides significant convenience and value for a compact condo.
Situated near major freeway access, shopping, and dining, the property offers high rental demand and easy commuting to the Las Vegas Strip and surrounding amenities.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2851, other record lot size in square feet = 2704.
At only 568 square feet, the unit's small footprint may limit its appeal to single occupants and restricts overall storage and furniture layout options.
The description suggests the unit is ready for a 'personal touch,' indicating that the 1988 finishes may require additional capital investment to modernize and maximize value.
1 bedroom, 1 bath upstairs condo offering a functional layout and comfortable living space in a convenient central Las Vegas location. This unit features an open living area with sliding glass doors leading to a private covered balcony with mountain and neighborhood views. The kitchen offers ample cabinet storage, gas cooking, tile flooring, and a practical layout ready for your personal touch. The spacious bedroom includes generous closet space and easy access to the full bath. Additional features include an in-unit stacked washer and dryer, covered parking, and mature community landscaping. Conveniently located near shopping, dining, freeway access, and everyday amenities. A great opportunity for first-time buyers, investors, or anyone seeking an affordable low-maintenance property with potential to make it their own.
No exterior & parking available.
Grades PK-5 • 0.9 mi
Grades 6-8 • 1.0 mi
Grades 9-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 42% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 568 | 877 | 1% |
| Lot Size | 2,851 | - | 63% |
| Price | $149.0K | $155.0K | 47% |
| Price per sq ft | $262 | $194 | 96% |
| Built year | 1988 | 1982 | 75% |
| HOA | $230 | $190 | 72% |
| Days on market | 22 | 1395 | 1% |
May 22, 2026
$149,000
Initial Listing
Jul 28, 1989
$48,500
Public Record