5060 Indian River Drive Unit 372, Las Vegas, NV 89103, Las Vegas, 89103 - 1 bed, 1 bath
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5060 Indian River Drive Unit 372
Las Vegas, NV 89103
ACTIVE
CONDITION: GOOD
1Beds
1Baths
700Sq Ft
12,624Lot Size
Property Price
LIST PRICE$145,000
EST. MARKET VALUE
$140,464
3% AboveMARKET VALUE
SUMMARY
This Turnkey Condominium represents a Strong Value Opportunity, listed at $160,000—positioned above the $148,632 Fair Market Value. While priced slightly above market, the property features a Condition Rating of 3, boasting a newer HVAC system, stainless steel appliances, and modern finishes. Residents enjoy a secure, guard-gated lifestyle with premium amenities like a pool and tennis courts. Located near top-rated schools like Joseph E. Thiriot Elementary, this unit is a perfect fit for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance, move-in ready residence.
Estimated Market Value
$140,464
Based on Realkey algorithm analyzing recent comparable sales in Las Vegas.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5060 Indian River Drive Unit 372 Subject 1 bd · 1 ba · 700 sqft · $201 | $145,000* List Price | 1 | 1 | 700 | $201 | - |
A 5020 Indian River Drive 436 Sold 1 bd · 1 ba · 700 sqft · $167 · 0.0 mi | $117,000 | 1 | 1 | 700 | $167 | 0.0 mi |
B 4941 River Glen Drive 10 Sold 1 bd · 1 ba · 700 sqft · $225 · 0.1 mi | $157,500 | 1 | 1 | 700 | $225 | 0.1 mi |
C 5295 Indian River Drive 312 Sold 1 bd · 1 ba · 700 sqft · $194 · 0.1 mi | $136,000 | 1 | 1 | 700 | $194 | 0.1 mi |
D 5160 Indian River Drive 346 Sold 1 bd · 1 ba · 700 sqft · $179 · 0.1 mi | $125,000 | 1 | 1 | 700 | $179 | 0.1 mi |
E 5163 Indian River Drive 205 Sold 1 bd · 1 ba · 700 sqft · $217 · 0.1 mi | $152,000 | 1 | 1 | 700 | $217 | 0.1 mi |
F 5081 River Glen Drive 113 Sold 1 bd · 1 ba · 700 sqft · $183 · 0.1 mi | $128,000 | 1 | 1 | 700 | $183 | 0.1 mi |
G 5350 River Glen Drive 298 Sold 1 bd · 1 ba · 700 sqft · $186 · 0.2 mi | $130,000 | 1 | 1 | 700 | $186 | 0.2 mi |
H 5121 River Glen Drive 138 Sold 2 bd · 1 ba · 816 sqft · $202 · 0.1 mi | $165,000 | 2 | 1 | 816 | $202 | 0.1 mi |
I 5185 Indian River Drive 227 Active 1 bd · 1 ba · 700 sqft · $214 · 0.0 mi | $149,900 List Price | 1 | 1 | 700 | $214 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1982, the property is well-maintained and move-in ready with significant updates. It features a newer HVAC system and water heater, along with a modernized kitchen containing stainless steel appliances and stone countertops. The interior has fresh paint and newer carpeting, fitting the 5-15 year renovation profile.
PROSSTRENGTHS & OPPORTUNITIES
- Recent Capital Improvements
The unit features significant recent upgrades including a newer HVAC system, water heater, and stainless steel appliances, minimizing immediate maintenance costs for the new owner.
- Turnkey Furnishings
This property comes fully furnished, offering a seamless move-in experience or an immediate rental opportunity for investors without the need for additional furniture expenses.
- Comprehensive Community Amenities
Residents benefit from a secure guard-gated environment and access to premium facilities including a pool, exercise room, and tennis courts, enhancing the overall lifestyle value.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =12624, other record lot size in square feet = 12977.
- Aging Infrastructure
Originally constructed in 1982, the building may require ongoing attention to older common area elements or plumbing systems typical of properties from this era.
- Compact Living Area
With only 700 square feet of living space, the property offers a limited footprint that may not appeal to buyers seeking more spacious accommodations or home office flexibility.
About 5060 Indian River Drive Unit 372
This well-maintained condo features a newer HVAC system, carpet, stainless steel appliances, interior paint, water heater, security door, and all furnishings. The guard-gated community has a community pool, BBQ area, exercise room, recreation room, and tennis courts.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1982
- Lot Size
- 12,624 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $246 / Month
Neighborhood Insights
Las Vegas Unified Schools
Joseph E Thiriot Elementary School
Grades PK-5 • 0.4 mi
6/10
Kenny C Guinn Middle School
Grades 6-8 • 1.1 mi
5/10
Grant Sawyer Middle School
Grades 6-8 • 2.0 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 700 | 1,048.989 |
| Lot Size | 12,624 | 5,669.706 |
| Price | $145.0K | $221.6K |
| Price per sq ft | $207 | $210 |
| Built year | 1982 | 1996 |
| HOA | $246 | $254 |
| Days on market | 39 | 70 |
Pricing History
Listed for Sale
Oct 21, 2026
$145,000
$160,000
-9% Price Drop
Initial Listing
Price Change
Sep 15, 2026
$160,000
Initial Listing