5116 Gray Lane H, Las Vegas, NV 89119, Las Vegas, 89119 - 3 bed, 2 bath
5116 Gray Lane H
Las Vegas, NV 89119
Property Price
SUMMARY
Analysis of 5116 Gray Lane H, Las Vegas, NV 89119 is currently available with a list price of $259,900. 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.
Although built in 1977, the property has undergone an extensive recent renovation within the last year. The interior features a modern kitchen with new white shaker cabinets, quartz countertops, a subway tile backsplash, and stainless steel appliances. The home also boasts new luxury vinyl plank flooring, fresh paint, updated bathrooms with contemporary tile surrounds and vanities, and modern recessed lighting and fixtures throughout, meeting the highest standards for a fully remodeled property.
PROSSTRENGTHS & OPPORTUNITIES
- Recent Renovations
The property has been newly remodeled, offering a modern interior aesthetic and reducing the immediate need for capital expenditures on repairs or upgrades.
- Prime Central Location
Ideally situated near UNLV, the airport, and major shopping and entertainment districts, making it an attractive option for students, professionals, or investors.
- Secure Community Amenities
Located within a guard-gated community, the property offers enhanced security along with desirable shared amenities including a pool and clubhouse.
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 = 644.
- Low School Ratings
The assigned public schools for this address have low performance ratings, which may limit the property's appeal to families with school-aged children.
- Airport Noise Exposure
Due to its close proximity to the airport, the property is likely subject to significant aircraft noise, which could impact the overall peace and quiet of the residence.
About 5116 Gray Lane H
Centrally located! Newly remodeled 3 bedroom with 2 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
- 3
- Total Bathrooms
- 2 (2 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 | 3.0 | 2.0 | 59% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,260 | 1,405 | 29% |
| Lot Size | 4,293 | 1,742 | 71% |
| Price | $259.9K | $195.0K | 71% |
| Price per sq ft | $206 | $147 | 76% |
| Built year | 1977 | 1980 | 35% |
| HOA | $240 | $170 | 59% |
| Days on market | 44 | 863 | 6% |
Pricing History
Listed for Sale
Jan 22, 2026
$259,900
Initial Listing