500 Elm Drive 203, Las Vegas, NV 89169, Las Vegas, 89169 - 1 bed, 2 bath
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Las Vegas, NV 89169
This property presents a High-Potential Investment Opportunity with a List Price of $155,000—positioned above the $140,002 Fair Market Value. While the property requires a full interior rehab due to its Poor Condition Rating, the unit offers significant upside through its prime location near the Las Vegas Strip and Convention Center. Featuring soaring vaulted ceilings and a loft-style primary bedroom, this asset is ideal for Buy-and-Hold Investors or Fix-and-Flip Investors seeking a value-add project in a high-demand rental corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 500 Elm Drive 203 Subject | $155,000* List Price | 1 | 2 | 770 | $182 | - |
A 585 S Royal Crest Circle 7 Active | $129,990 List Price | 2 | 1 | 816 | $159 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1985 (39 years old) with no evidence of recent renovations. The kitchen features original-style oak cabinets, dated laminate countertops, and aging appliances. The interior shows significantly dated and worn carpeting on the spiral staircase and loft. Based on the age exceeding 30 years and the clear need for a full interior rehab, it meets the poor criteria.
Situated moments from the Las Vegas Strip and adjacent to the Convention Center, this property offers unparalleled access to world-class dining, entertainment, and major resorts like Wynn and Resorts World.
Featuring soaring vaulted ceilings and a loft-style layout, this upstairs unit provides significantly more square footage and a more open, flexible feel than standard lower-level units in the community.
The condo comes fully furnished and includes covered parking within a gated community, making it an ideal ready-to-use primary residence or immediate investment opportunity.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3142, other record lot size in square feet = 1190.
The assigned public schools for this area have low performance ratings (ranging from 2 to 3), which may impact the property's appeal to families with school-aged children.
Built in 1985, the property and community may require more frequent maintenance or modern updates compared to newer residential developments in the Las Vegas market.
Furnished upstairs condo just moments from the world-famous Las Vegas Strip and directly adjacent to the Las Vegas Convention Center. Perfectly positioned in the heart of Las Vegas, this gated community offers easy access to world-class dining, shopping, entertainment, and major resorts including Wynn, Encore, and Resorts World. This spacious upstairs unit features soaring vaulted ceilings and an expansive loft-style primary bedroom with a private bathroom measuring approximately 22x13. With 308 additional square feet compared to lower-level units, the open layout offers exceptional space and flexibility. Enjoy relaxing pool views from the private balcony, covered parking, and a prime location across from the golf course and near iconic destinations including Fashion Show Mall, Sphere, and Hughes Center. Whether you're seeking a primary residence, vacation getaway, or investment opportunity, this condo places you in the center of everything Las Vegas has to offer.*
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 | 2.0 | 1.0 | 66% |
| Square foot | 770 | 770 | 50% |
| Lot Size | 3,142 | 863 | 62% |
| Price | $155.0K | $130.0K | 62% |
| Price per sq ft | $201 | $186 | 57% |
| Built year | 1985 | 1973 | 57% |
| HOA | $185 | $230 | 45% |
| Days on market | 29 | 699 | 2% |
May 16, 2026
$155,000
Initial Listing