5000 Red Rock Street 240, Las Vegas, NV 89118, Las Vegas, 89118 - 2 bed, 2 bath
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Las Vegas, NV 89118
This Fully Updated Modern Condo is a Prime Investment Opportunity, listed at $278,000—positioned well below the $319,222 Fair Market Value by 12%. This valuation gap offers $41,222 in Instant Equity. Boasting a Condition Rating of 2, the residence features new stainless appliances, modern flooring, and a versatile den. With a rare two-car garage, lush courtyard views, and HOA fees paid through 2026, this turnkey asset near the Strip balances luxury with financial upside. It is ideal for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5000 Red Rock Street 240 Subject | $278,000* List Price | 2 | 2 | 1,439 | $222 | - |
A 5000 Red Rock Street 262 Sold | $265,000 List Price | 3 | 2 | 1,439 | 0.0 mi | |
B 5125 W Reno Avenue 2076 Sold | $282,000 | 2 | 2 | 1,287 | $219 | 0.7 mi |
C 5201 S Torrey Pines Drive 1181 Sold | $360,000 | 2 | 3 | 1,467 | $245 | 0.8 mi |
D 5000 RED ROCK Street 259 Sold | $253,000 | 2 | 2 | 1,212 | $209 | 0.0 mi |
E 5125 W Reno Avenue 2076 Sold | $282,000 | 2 | 2 | 1,287 | $219 | 0.7 mi |
F 5225 W Reno Avenue 215 Sold | $258,000 | 2 | 2 | 1,070 | $241 | 0.5 mi |
G 5000 Red Rock Street 105 Active | $252,500 List Price | 3 | 2 | 1,181 | $214 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive recent renovation that brings it up to modern standards. It features a fully updated kitchen with new cabinetry, stone countertops, and stainless steel appliances. Additionally, the unit boasts new flooring throughout, updated bathrooms, fresh paint, and modern light fixtures, making it virtually new on the interior despite its 1996 build date.
The property offers a unique financial incentive with HOA fees fully paid through 2026 and a recent $20,000 price reduction, providing significant immediate savings for the buyer.
This fully updated condo features new stainless steel appliances, flooring, cabinetry, and fresh paint, offering a move-in-ready experience that even includes a new couch.
The unit includes a highly desirable two-car garage and a versatile den that can easily serve as a third bedroom, providing more utility than a standard two-bedroom layout.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5572, other record lot size in square feet = 2304. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
As an upstairs unit, the property may be less appealing to buyers with mobility concerns or those who prefer the convenience of ground-floor living.
The assigned middle and high schools carry a rating of 4, which may be a consideration for families prioritizing top-tier public education performance.
PRICE IMPROVED OVER $20,000! Come see this beautiful courtyard facing fully updated condo including even the new couch! Updated SS appliances, new floors, bathrooms, kitchen cabinets and paint it doesn't get better for your easy living home with a gated entrance and 2 CAR GARAGE! With the HOA PAID THROUGH 2026 there's no topping this one! Resort style pool, clubhouse and jacuzzi. Just 10 minutes from the Las Vegas Strip, dining, shows, and major sports venues. Beautifully updated 2-bedroom + den (can convert to 3rd bedroom), 2-bath upstairs unit.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,439 | 1,034 | 91% |
| Lot Size | 5,572 | - | 72% |
| Price | $278.0K | $184.5K | 94% |
| Price per sq ft | $193 | $202 | 46% |
| Built year | 1996 | 1996 | 50% |
| HOA | $341 | $220 | 88% |
| Days on market | 26 | 986 | 2% |
Mar 27, 2026
$278,000
Initial Listing
Jun 27, 1996
$112,000
Public Record