5000 Red Rock Street 173, Las Vegas, NV 89118, Las Vegas, 89118 - 2 bed, 2 bath
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Las Vegas, NV 89118
This condominium presents a Prime Investment Opportunity with a List Price of $200,000—positioned well below the $205,761 Fair Market Value by 2%. This valuation gap offers $5,761 in Instant Equity. Featuring a Condition Rating of 4, the unit offers a functional, single-level layout with stainless steel appliances. While the HOA fee is notable, the gated community location provides strong rental appeal. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance, accessible residence in Las Vegas.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5000 Red Rock Street 173 Subject | $200,000* List Price | 2 | 2 | 989 | $208 | - |
A 5131 Lindell Road 106 Sold | $176,500 | 2 | 2 | 965 | $183 | 0.3 mi |
B 5055 W Hacienda Avenue 1101 Sold | $208,000 | 2 | 2 | 893 | $233 | 0.8 mi |
C 5055 W Hacienda Avenue 2104 Sold | $200,000 | 2 | 2 | 893 | $224 | 0.8 mi |
D 5022 S Rainbow Boulevard 203 Sold | $194,500 | 2 | 1 | 949 | $205 | 1.0 mi |
E 5055 W Hacienda Avenue 2102 Sold | $231,500 | 2 | 2 | 1,036 | $223 | 0.8 mi |
F 5000 Red Rock Street 202 Active | $229,900 List Price | 2 | 2 | 989 | $232 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1991 (33 years old), the property is dated and shows mostly original features. While the listing mentions stainless steel appliances and some hard surface flooring, the kitchen cabinets and countertops appear to be original or older laminate, and the overall aesthetic is consistent with a 30-year-old unit needing cosmetic updates.
As a first-floor unit with no stairs and a split-bedroom layout, this home offers excellent accessibility and enhanced privacy, making it highly desirable for seniors, roommates, or those with mobility preferences.
The residence features updated stainless steel appliances and durable solid surface flooring in the main living areas, providing a contemporary aesthetic and reducing the need for immediate post-purchase renovations.
Situated within a gated community with resort-style amenities, the property offers both security and a high-quality lifestyle in a prime Las Vegas location near major shopping and entertainment hubs.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5762, other record lot size in square feet = 2304.
The monthly HOA fee of $400 is relatively high compared to the listing price, which may impact the debt-to-income ratio for first-time buyers and reduce the net ROI for potential investors.
The assigned middle and high schools carry lower ratings (4/10), which could be a drawback for families prioritizing top-tier educational performance and may affect long-term property appreciation.
Discover unparalleled comfort and resort-style living in this charming first-floor condominium, ideally situated within a desirable gated community. This thoughtfully maintained residence offers a seamless blend of convenience and modern elegance, perfect for those seeking a low-maintenance lifestyle. The open and functional layout creates an inviting atmosphere, enhancing daily living. The kitchen is a true highlight, featuring sleek stainless steel appliances and a breakfast bar, perfect for casual dining or entertaining guests. Enjoy the privacy afforded by bedrooms strategically positioned on opposite sides of the unit, while the living room bathes in natural light from its large slider. Solid surface flooring graces all main areas, complemented by soft carpeting in the bedrooms, ensuring comfort throughout. This single-level home provides the ease of no stairs, offering a spacious living area designed for ultimate relaxation. The gated community enriches the living experience with desirable amenities, creating opportunities to unwind and embrace the vibrant Las Vegas lifestyle. Its prime location offers convenient access to an array of shopping, dining, entertainment, and everyday necessities. This condominium presents an exceptional opportunity for a first-time buyer, an astute investor, or anyone desiring a beautiful home within a welcoming community.
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 | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 989 | - |
| Lot Size | 5,762 | - |
| Price | $200.0K | $217.2K |
| Price per sq ft | $202 | $219 |
| Built year | 1991 | 0 |
| HOA | $400 | $0 |
| Days on market | 12 | 828 |
Jul 10, 2026
$200,000
Initial Listing