5000 Red Rock Street 165, Las Vegas, NV 89118, Las Vegas, 89118 - 3 bed, 2 bath
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Las Vegas, NV 89118
This Strong Value Opportunity is a spacious 3-bedroom condo listed at $245,900—positioned well below the $273,497 Fair Market Value by 10%. This valuation gap provides $27,597 in Instant Equity. Featuring a 1-car garage, private patio, and recent mechanical upgrades including a new A/C unit, the property maintains a Fair Condition Rating. While the HOA fee is notable, the unit’s size and proximity to the Strip offer significant appeal for Buy-and-Hold Investors or first-time buyers seeking a value-driven entry into the Las Vegas market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5000 Red Rock Street 165 Subject | $245,900* List Price | 3 | 2 | 1,425 | $192 | - |
A 5201 S TORREY PINES Drive 1174 Sold | $209,999 List Price | 2 | 3 | 1,467 | 0.8 mi | |
B 5201 S Torrey Pines Drive 1222 Sold | $250,000 | 2 | 3 | 1,467 | $170 | 0.8 mi |
C 4955 Lindell Road 105 Sold | $266,000 | 3 | 2 | 1,202 | $221 | 0.3 mi |
D 5055 W Hacienda Avenue 2104 Sold | $200,000 | 2 | 2 | 893 | $224 | 0.8 mi |
E 5125 W Reno Avenue 2076 Sold | $282,000 | 2 | 2 | 1,287 | $219 | 0.7 mi |
F 5250 S RAINBOW Boulevard 2126 Sold | $192,900 List Price | 3 | 2 | 1,131 | 1.0 mi | |
G 5131 Lindell Road 106 Sold | $176,500 | 2 | 2 | 965 | $183 | 0.3 mi |
H 5000 Red Rock Street 241 Active | $259,980 List Price | 3 | 2 | 1,439 | $181 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1996 (28 years old), placing it in the Fair category. While the listing highlights a new HVAC unit and stainless steel appliances, the interior images reveal dated finishes including original-style carpeting, 1990s mirrored walls, and older window treatments that require updating to meet modern standards.
As one of the largest 3-bedroom floor plans in the community offered at a highly competitive price point, this unit provides significant square footage and an open layout that is rare for this price bracket.
The property features a brand-new A/C unit and stainless steel appliances, offering the buyer immediate peace of mind and reducing near-term capital expenditure on major systems.
Situated just minutes from the Las Vegas Strip and major freeways, the condo includes a rare 1-car garage with driveway parking, providing both convenience and added security.
The association fee of $435 per month is relatively high, which may impact the overall affordability and debt-to-income ratio for some prospective buyers.
The assigned middle and high schools carry lower ratings (4/10), which could be a deterrent for families prioritizing top-tier public education districts.
GORGEOUS CONDO,OPEN FLOOR PLAN, 3 BDR. 2 BATHS, 1 CAR GARAGE.. WELCOME TO ONE OF THE LARGEST UNITS IN THE COMMUNITY-OFFERED AT THE LOWEST PRICE! THIS BEAUTIFUL MAINTAINED CONDO FEATURES SOARING VAULTED CEILINGS, AN OPEN AND AIRY LAYOUT,OVERSIZE BEDROOMS FOR ULTIMATE COMFORT. THE MODERN KITCHEN INCLUDES STAINLESS STEEL APPLIANCES, A NEW A/C UNIT , WASH MACHINE FOR ADDED CONVENIENCE. ENJOY YOUR MORNING COFFEE OR EVENINGS RELAXATION ON THE COZY PRIVATE PATIO. ADDITIONAL HIGHLIGHTS INCLUDE EXTRA STORAGE.. ONE CAR GARAGE WITH A DRIVEWAY PARKING, AND A PRIME LOCATION JUST FEW MINUTES FROM LAS VEGAS BLVD. (STRIP) , MAJOR FREEWAYS, SHOPPING CENTER AND RESTAURANTS ... THE COMMUNITY OFFERS RESORT-STYLE AMENITIES, INCLUDING A SPARKLING POOL, FITNESS CENTER, AND MORE -PERFECT FOR ENJOYING THE LAS VEGAS STYLE, YOU WILL LOVE IT , COME SEE IT AND BUY IT .....
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades 6-8 • 1.0 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,425 | - |
| Lot Size | - | - |
| Price | $245.9K | $217.2K |
| Price per sq ft | $173 | $219 |
| Built year | 1996 | 0 |
| HOA | $435 | $0 |
| Days on market | 31 | 828 |
Jun 21, 2026
$245,900
Initial Listing
Feb 22, 1996
$102,500
Public Record