5060 Newport Cove Drive B, Las Vegas, NV 89119, Las Vegas, 89119 - 2 bed, 2 bath
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Las Vegas, NV 89119
This Turnkey Ground-Floor Condo represents a Prime Investment Opportunity with a List Price of $199,000—positioned well below the $205,539 Fair Market Value by 3%. This valuation gap provides $6,539 in Instant Equity for the incoming owner. Boasting a Condition Rating of 3, the interior features new carpeting, waterproof laminate flooring, and stainless steel appliances. Its strategic location near UNLV and the Las Vegas Strip, combined with immediate proximity to Jack Dailey Elementary, ensures consistent rental demand. This asset is a perfect match for Buy-and-Hold Investors or first-time buyers seeking a move-in-ready residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5060 Newport Cove Drive B Subject | $199,000* List Price | 2 | 2 | 992 | $207 | - |
A 1729 Jupiter Court B Sold | $170,000 | 2 | 2 | 980 | $173 | 0.7 mi |
B 5040 Spencer Street D Sold | $220,000 | 2 | 2 | 1,000 | $220 | 0.1 mi |
C 5040 Spencer Street D Sold | $220,000 | 2 | 2 | 1,000 | $220 | 0.1 mi |
D 1751 E Reno Avenue 217 Sold | $199,500 | 2 | 2 | 1,164 | $171 | 0.1 mi |
E 1751 E Reno Avenue 128 Sold | $188,485 | 2 | 2 | 1,164 | $162 | 0.2 mi |
F 1751 E Reno Avenue 128 Sold | $188,485 | 2 | 2 | 1,164 | $162 | 0.2 mi |
G 1515 E Reno Avenue 201 Active | $229,900 List Price | 2 | 1 | 945 | $243 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features several recent cosmetic updates, including fresh paint, new carpeting, and waterproof laminate flooring in the kitchen and bathrooms. The kitchen is equipped with modern stainless steel appliances, and the bathrooms have upgraded light fixtures. While the building was constructed in 1981, these recent improvements (completed within the last year) and the overall well-maintained appearance of the interior elevate it to 'good' condition, despite some aged elements like original bathroom wall tile and interior doors.
The property is ideally situated near UNLV, Harry Reid International Airport, and the Las Vegas Strip, offering exceptional convenience for commuters and high rental demand for investors.
Featuring fresh paint, new carpeting, waterproof laminate flooring, and stainless steel appliances, this condo is in turnkey condition, reducing immediate post-purchase costs.
As a first-floor unit, this property provides easy access without the need for stairs, which is a highly sought-after feature for both aging residents and those seeking convenience.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2471, other record lot size in square feet = 1064.
Built in 1981, the property may face challenges associated with older infrastructure and could require more frequent maintenance compared to newer developments.
While the elementary school is rated moderately, the assigned middle and high schools have low ratings (4 and 2 respectively), which may deter families and impact long-term appreciation.
Spacious 2 bedroom/2 bath first floor condo in great condition. Freshly painted with new carpet . Living Room has a fireplace with a mantle which is perfect for hanging Xmas Stockings. Working wood burning fireplace for those colder nights. Waterproof laminate in the kitchen and baths. Stainless Steel kitchen appliances, upgraded light fixtures in baths. Central location to everything. Across from an elementary school. Short distance to UNLV, Airport, 215 Beltway and Las Vegas Strip. Shopping, restaurants and entertainment less than 5 minutes from home. Great for starter home or investor.
No exterior & parking available.
Grades PK-5 • 0.1 mi
Grades PK-5 • 0.4 mi
Grades 6-8 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 1.0 | 51% |
| Square foot | 992 | 892 | 71% |
| Lot Size | 2,471 | - | 76% |
| Price | $199.0K | $110.0K | 85% |
| Price per sq ft | $201 | $167 | 70% |
| Built year | 1981 | 1983 | 45% |
| HOA | $160 | $170 | 44% |
| Days on market | 19 | 1510 | 1% |
Apr 3, 2026
$199,000
Initial Listing