4940 Black Bear Road 202, Las Vegas, NV 89149, Las Vegas, 89149 - 2 bed, 2 bath
4940 Black Bear Road 202
Las Vegas, NV 89149
Property Price
SUMMARY
Analysis of 4940 Black Bear Road 202, Las Vegas, NV 89149 is currently available with a list price of $289,999. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Las Vegas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1999, this property is well-maintained and move-in ready but shows significant signs of being outdated, consistent with its 26-year age. The kitchen retains original oak-style cabinetry, white appliances, and fluorescent box lighting, while the bathrooms feature standard builder-grade finishes from the era of construction. There is no evidence of recent major renovations, placing it squarely in the 'fair' category for its age and lack of modernization.
PROSSTRENGTHS & OPPORTUNITIES
- Secure Gated Community
Located in the prestigious Painted Desert guard-gated community, the property offers enhanced security and access to premium amenities including a pool and jacuzzi.
- Exceptional Storage & Parking
The inclusion of both a private 1-car garage and a dedicated storage unit provides significant utility and value rarely found in standard condominium listings.
- Prime Location & Convenience
The unit is ideally situated near major shopping, entertainment, and highly-rated schools like Ruthe Deskin Elementary, offering a high-convenience lifestyle.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6247, other record lot size in square feet = 2601.
- Second-Floor Accessibility
Being a second-floor unit, the property requires stair access, which may be a drawback for buyers with mobility concerns or those seeking single-level living.
- Potential for Modernization
Built in 1999, the interior may require cosmetic updates or appliance upgrades to compete with newer developments in the Las Vegas market.
About 4940 Black Bear Road 202
Enjoy a cozy retreat in this guard-gated community. Take advantage of the pool and jacuzzi in summer and relax in front of your fireplace in winter. Low-maintenance living, close to all major shopping and entertainment. The property has a 1 car garage and a storage unit for additional storage space.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1999
- Lot Size
- 6,247 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $162 / Month
Neighborhood Insights
Las Vegas Unified Schools
Ruthe Deskin Elementary School
Grades PK-5 • 0.6 mi
Dean Lamar Allen Elementary School
Grades PK-5 • 1.9 mi
Justice Myron E Leavitt Middle School
Grades 6-8 • 0.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,186 | 1,186 | 50% |
| Lot Size | 6,247 | - | 80% |
| Price | $290.0K | $250.0K | 69% |
| Price per sq ft | $245 | $220 | 90% |
| Built year | 1999 | 2004 | 35% |
| HOA | $162 | $171 | 33% |
| Days on market | 89 | 722 | 10% |
Pricing History
Listed for Sale
Dec 8, 2025
$289,999
Initial Listing