5081 River Glen Drive 113, Las Vegas, NV 89103, Las Vegas, 89103 - 1 bed, 1 bath
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Las Vegas, NV 89103
This Resort-Style First-Floor Condo represents a Prime Investment Opportunity, listed at $148,000—positioned well below the $153,400 Fair Market Value by 3%. This valuation gap provides $5,400 in Instant Equity for the incoming owner. While maintaining a Condition Rating of 4 with a significant 2023 A/C replacement, the unit features a private covered patio and access to six community pools. Located in a 24-hour guard-gated community near the Joseph E Thiriot Elementary School, it balances security with high rental demand. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5081 River Glen Drive 113 Subject | $148,000* List Price | 1 | 1 | 700 | $219 | - |
A 5061 River Glen Drive 75 Sold | $155,000 | 1 | 1 | 700 | $221 | 0.0 mi |
B 5061 River Glen Drive 75 Sold | $155,000 | 1 | 1 | 700 | $221 | 0.0 mi |
C 5185 Indian River Drive 225 Sold | $155,000 | 1 | 1 | 700 | $221 | 0.1 mi |
D 5160 Indian River Drive 345 Sold | $140,000 | 1 | 1 | 700 | $200 | 0.1 mi |
E 5314 River Glen Drive 291 Sold | $144,888 List Price | 1 | 1 | 700 | 0.2 mi | |
F 5286 River Glen Drive 428 Sold | $155,000 List Price | 1 | 1 | 700 | 0.1 mi | |
G 5295 Indian River Drive 312 Pending | $160,000 List Price | 1 | 1 | 700 | $229 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1982, this property is well-maintained but shows clear signs of age. The kitchen has been partially updated with newer cabinetry, but still features older white appliances and laminate countertops. The bedroom carpet appears worn, and the overall aesthetic is dated. While the 2023 A/C replacement is a significant functional upgrade, the interior finishes do not meet the criteria for 'good' or 'excellent' due to the lack of a comprehensive modern renovation.
The community offers an exceptional lifestyle package with six pools, three clubhouses, tennis courts, and multiple gyms, providing high value for the price point.
The A/C unit was replaced in 2023, offering the buyer significant peace of mind and reduced immediate maintenance costs in the harsh desert climate.
Being a first-floor unit within a 24-hour guard-gated community, the property offers both ease of access and a high level of safety and privacy.
Built in 1982, the property may feature older plumbing and electrical systems that could require future updates compared to more modern builds.
With only 700 square feet of living space, the unit is relatively compact, which may pose challenges for storage and larger furniture arrangements.
RESORT STYLE LIVING IN 24 HOUR GUARD GATED COMMUNITY. 1ST FLOOR 1 BEDROOM, 1 BATH CONDO WITH DINING NOOK, LARGE COVERED PATIO AND ALL APPLIANCES. A/C UNIT REPLACED IN 2023. COMMUNITY HAS 6 POOLS, 3 CLUBHOUSES, TENNIS COURTS, OUTDOOR & INDOOR SPAS, MEN'S AND WOMEN'S WET/DRY SAUNA, 3 GYMS AND BBQ AREAS.
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades 6-8 • 1.1 mi
Grades 6-8 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 36% |
| Baths | 1.0 | 1.5 | 50% |
| Square foot | 700 | 880.5 | 33% |
| Lot Size | - | 0.5 | 50% |
| Price | $148.0K | $156.1K | 42% |
| Price per sq ft | $211 | $195 | 68% |
| Built year | 1982 | 1983 | 47% |
| HOA | $252 | $188 | 83% |
| Days on market | 13 | 1175 | 1% |
Apr 9, 2026
$148,000
Initial Listing