5116 Gray Lane F, Las Vegas, NV 89119, Las Vegas, 89119 - 1 bed, 1 bath
5116 Gray Lane F
Las Vegas, NV 89119
Property Price
SUMMARY
Analysis of 5116 Gray Lane F, Las Vegas, NV 89119 is currently available with a list price of $199,900. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Las Vegas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property has been recently and extensively renovated, featuring a modern kitchen with new white shaker cabinets, stone countertops, and stainless steel appliances. The interior boasts new luxury vinyl plank flooring, fresh paint, updated light fixtures, and a fully remodeled bathroom, meeting all criteria for a turnkey, high-quality residence despite its 1977 build date.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Central Location
The property is ideally situated near UNLV, Harry Reid International Airport, and major shopping and entertainment hubs, making it highly attractive for students, professionals, and frequent travelers.
- Turnkey Condition
As a newly remodeled unit, this townhome offers a modern aesthetic and immediate move-in readiness, saving the buyer time and capital on initial renovations.
- Enhanced Security and Convenience
The residence is located within a guard-gated community and includes a rare attached one-car garage, providing superior security and private parking compared to standard condos.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
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.
- Limited Square Footage
At just 702 square feet, the compact layout may feel restrictive for buyers with significant storage needs or those who frequently host guests.
- Underperforming School District
The assigned public schools carry low performance ratings, which may limit the property's appeal to families and impact long-term resale value.
About 5116 Gray Lane F
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!
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 1977
- Lot Size
- 4,293 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $240 / Month
Neighborhood Insights
Las Vegas Unified Schools
Gene Ward Elementary School
Grades PK-5 • 0.6 mi
Jack Dailey Elementary School
Grades PK-5 • 0.9 mi
Helen C Cannon Junior High School
Grades 6-8 • 1.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 12% |
| Baths | 1.0 | 2.0 | 6% |
| Square foot | 702 | 1,405 | 6% |
| Lot Size | 4,293 | 1,742 | 71% |
| Price | $199.9K | $195.0K | 59% |
| Price per sq ft | $285 | $147 | 94% |
| Built year | 1977 | 1980 | 35% |
| HOA | $240 | $170 | 59% |
| Days on market | 44 | 863 | 6% |
Pricing History
Listed for Sale
Jan 22, 2026
$199,900
Initial Listing