5116 Gray Lane F, Las Vegas, NV 89119, Las Vegas, 89119 - 1 bed, 1 bath
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Las Vegas, NV 89119
This Modernized Turnkey Townhouse is listed at $199,900, offering a stable entry point near its $189,037 Fair Market Value. Boasting an Excellent Condition Rating after an extensive renovation, the home features a designer kitchen with quartz countertops and stainless appliances. Residents benefit from a guard-gated community lifestyle with a pool and an attached one-car garage. Located near UNLV and served by Jack Dailey Elementary and Del Sol High, this move-in-ready residence is ideal for first-time buyers or Owner-Occupants seeking a polished urban retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5116 Gray Lane F Subject | $199,900* List Price | 1 | 1 | 702 | $269 | - |
A 5023 Spencer Street B Active | $199,000 List Price | 2 | 2 | 828 | $240 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1977, the property has undergone an extensive recent renovation that meets current quality standards. The interior features a fully remodeled kitchen with new white shaker cabinets, quartz countertops, a subway tile backsplash, and stainless steel appliances. The home also includes new luxury vinyl plank flooring throughout, modern light fixtures, fresh paint, and a completely updated bathroom with contemporary tile work and a new vanity. The property is in turnkey condition with no visible deferred maintenance.
The property is ideally situated near UNLV, Harry Reid International Airport, and major shopping and entertainment hubs, making it highly attractive for students and professionals.
As a newly remodeled unit, this townhome offers a modern aesthetic and move-in-ready convenience, reducing the need for immediate post-purchase capital expenditures.
The guard-gated community provides enhanced security and premium amenities, including a pool, clubhouse, and the rare benefit of an attached one-car garage for a one-bedroom unit.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4293, other record lot size in square feet = 432.
With only 702 square feet of living space and a single bedroom, the property's appeal is restricted to a smaller demographic of buyers or single occupants.
The assigned public schools have low ratings, specifically a 2/10 for the high school, which may negatively impact long-term resale value and appeal to certain investors.
Centrally located! Newly remodeled 1 bedroom with 1 bath townhome with attached 1 car garage. Close to airport, UNLV, shopping and entertainment! Guard Gated community! Community with pool and clubhouse!
No exterior & parking available.
Grades PK-5 • 0.6 mi
Grades PK-5 • 0.9 mi
Grades 6-8 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 13% |
| Baths | 1.0 | 2.0 | 6% |
| Square foot | 702 | 1,405 | 6% |
| Lot Size | 4,293 | 1,742 | 75% |
| Price | $199.9K | $207.4K | 50% |
| Price per sq ft | $285 | $158 | 94% |
| Built year | 1977 | 1980 | 38% |
| HOA | $240 | $205 | 50% |
| Days on market | 90 | 607 | 6% |
Jan 22, 2026
$199,900
Initial Listing