51 East Agate Avenue 507, Las Vegas, NV 89123, Las Vegas, 89123 - 2 bed, 2 bath
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Las Vegas, NV 89123
This property presents a High-Potential Investment Opportunity, listed at a List Price of $244,000, which aligns with its $244,000 Fair Market Value. While the unit maintains a Fair Condition Rating with original 2004 finishes, it offers a stable entry point into a guard-gated community with Resort-Style Amenities including two pools, a sauna, and tennis courts. Given the strict rental restrictions, this is a long-term hold asset ideal for Buy-and-Hold Investors or Owner-Occupants seeking a secure, amenity-rich lifestyle near the Las Vegas Strip.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 51 East Agate Avenue 507 Subject | $244,000* List Price | 2 | 2 | 1,155 | $211 | - |
A 91 E Agate Avenue 305 Sold | $253,000 | 2 | 2 | 1,155 | $219 | 0.1 mi |
B 50 E Serene Avenue 121 Sold | $265,000 | 2 | 2 | 1,243 | $213 | 0.0 mi |
C 50 E Serene Avenue 121 Sold | $265,000 | 2 | 2 | 1,243 | $213 | 0.0 mi |
D 59 AGATE Avenue 307 Sold | $270,000 | 2 | 2 | 1,155 | $234 | 0.1 mi |
E 87 E Agate Avenue 308 Sold | $292,000 | 2 | 2 | 1,198 | $244 | 0.1 mi |
F 87 E Agate Avenue 308 Sold | $285,000 List Price | 2 | 2 | 1,198 | 0.1 mi | |
G 44 E Serene Avenue 219 Sold | $290,000 | 2 | 2 | 1,184 | $245 | 0.1 mi |
H 59 E Agate Avenue 307 Sold | $270,000 | 2 | 2 | 1,155 | $234 | 0.1 mi |
I 50 East Serene Avenue 320 Active | $279,900 List Price | 2 | 2 | 1,134 | $247 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2004, the property is 22 years old and retains its original finishes. The bathroom shows dated white raised-panel cabinetry and basic fixtures typical of the early 2000s. While the unit appears clean and functional, the age of the systems and the lack of modern renovations place it in the Fair category, as it would benefit from cosmetic updates.
Situated in a sought-after mid-rise community off Las Vegas Blvd South, the property offers exceptional proximity to Harry Reid Airport, Allegiant Stadium, and the Las Vegas Strip.
The guard-gated community features a comprehensive amenity package, including a two-story fitness center, steam room, sauna, two pools, and tennis/pickleball courts.
The inclusion of an assigned underground parking space provides significant value by offering vehicle security and protection from the desert heat.
The prohibition of AirBnB and the presence of rental restrictions limit the property's appeal to investors seeking short-term or flexible rental income.
With 90 days on the market and a recent price adjustment, the property may be facing challenges regarding its competitive positioning or current condition.
Sought after Guard Gated Mid-Rise Community located off Las Vegas Blvd South. Two Story Fitness Center, Steam Room, Sauna,2 Pools and outdoor Hot Tub. A Tennis/Pickleball Court also on site. Location is close to Harry Reid Airport, Allegiant Stadium, and a straight shot to the Strip. Assigned underground parking space included. Pet Restrictions as well as Rental Restrictions are in place. NO AIR B&B's permitted.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,155 | - |
| Lot Size | 19,047 | - |
| Price | $244.0K | $217.2K |
| Price per sq ft | $211 | $219 |
| Built year | 2004 | 0 |
| HOA | $425 | $0 |
| Days on market | 112 | 828 |
Apr 1, 2026
$244,000
Initial Listing