
Las Vegas, NV 89103
This 2-bedroom Las Vegas Condominium represents a High-Potential Investment Opportunity with a List Price of $228,800—positioned well below the $306,662 Fair Market Value by 25%. This gap offers $77,862 in Instant Equity. Featuring a Condition Rating of 4, the home includes durable laminate flooring, a private patio, and proximity to top-rated schools like Marion B Earl Elementary and Kenny C Guinn Middle. This is an ideal value-play for Owner-Occupants or first-time buyers seeking a high-equity entry into the Spring Valley market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4839 S Torrey Pines Drive 104 Subject | $208,800* List Price | 2 | 2 | 884 | $240 | - |
A 4899 S Torrey Pines Drive 205 Sold | $215,000 | 2 | 2 | 884 | $243 | 0.0 mi |
B 6649 W Tropicana Avenue 204 Sold | $200,000 | 2 | 2 | 1,013 | $197 | 0.2 mi |
C 4718 Nara Vista Way 104 Sold | $222,000 | 2 | 2 | 884 | $251 | 0.4 mi |
D 4893 S TORREY PINES Drive 202 Sold | $149,000 | 1 | 1 | 569 | $262 | 0.0 mi |
E 4400 S Jones Boulevard 2034 Sold | $205,000 | 2 | 2 | 947 | $216 | 0.8 mi |
F 4893 S Torrey Pines Drive 202 Sold | $149,000 | 1 | 1 | 569 | $262 | 0.0 mi |
G 4835 S Torrey Pines Drive 104 Active | $229,999 List Price | 2 | 2 | 884 | $260 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1991, this 33-year-old condo fits the fair criteria as it is aged but maintained. While it features updated laminate flooring, the bathrooms and fixtures appear to be original or older renovations, such as the frosted glass shower doors and basic cabinetry. The property is move-in ready and functional, but the overall aesthetic and major components show signs of being outdated compared to modern standards.
Situated minutes from the Las Vegas Strip with easy access to the 215 beltway, this property offers exceptional convenience for commuters and entertainment seekers.
The interior features tile and laminate flooring throughout, providing a modern, durable, and allergy-friendly living environment without the hassle of carpet.
The condo is within walking distance to highly-rated schools, including Marion B Earl Elementary, making it an attractive option for small families.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3175, other record lot size in square feet = 2304.
The community enforces rental restrictions, which significantly limits the property's potential as a high-yield investment or short-term rental opportunity.
At 884 square feet for a two-bedroom unit, the living areas and bedrooms may feel tight for those requiring more storage or larger furniture layouts.
JUST REDUCED FOR A QUICK SALE!***Lovely 2-bedroom, 2-bathroom condo located in a quiet, well-maintained community! Very convenient location & easy access to 215. Minute to the strip. This home features an open floor plan with a bright and inviting living space, tile and laminate flooring throughout, perfect for comfortable everyday living and entertaining. Enjoy the beautifully landscaped grounds with mature trees and lush greenery throughout the community. Conveniently located near shopping, dining, and schools, offering both comfort and accessibility. A wonderful place to call home! 2 Pools to enjoy.*Rental Restrictions*
No exterior & parking available.
Grades PK-5 • 0.3 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 884 | 884 | 50% |
| Lot Size | 3,175 | 1 | 65% |
| Price | $208.8K | $158.5K | 75% |
| Price per sq ft | $236 | $195 | 88% |
| Built year | 1991 | 1983 | 78% |
| HOA | $225 | $188 | 70% |
| Days on market | 34 | 1175 | 1% |
Apr 9, 2026
$208,800
$218,800
-5% Price Drop
Initial Listing
Apr 1, 2026
$218,800
$228,800
-4% Price Drop
Initial Listing
Mar 19, 2026
$228,800
Initial Listing
Aug 1, 1996
$5,000
Public Record