5125 Gray Lane B, Las Vegas, NV 89119, Las Vegas, 89119 - 1 bed, 1 bath
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Las Vegas, NV 89119
This Turnkey Loft-Style Condo is listed at $159,900, positioned alongside a $137,276 Fair Market Value to reflect its rare amenities. Boasting a Condition Rating of 4, the residence is move-in ready with new flooring and an open-concept layout. The property features a rare 1-car garage, assigned parking, and a community pool within a gated community. Ideally located near UNLV and Harry Reid International Airport, and served by Jack Dailey Elementary, this home offers a high-convenience lifestyle. It is a premier choice for first-time buyers or professionals seeking a low-maintenance Las Vegas sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5125 Gray Lane B Subject | $159,900* List Price | 1 | 1 | 702 | $196 | - |
A 1337 Dorothy Avenue 3 Sold | $155,000 | 2 | 1 | 880 | $176 | 0.5 mi |
B 1321 Lorilyn Avenue 1 Sold | $164,999 List Price | 2 | 1 | 800 | 0.6 mi | |
C 4955 JEFFREYS Avenue 702 Sold | $120,000 | 2 | 2 | 640 | $188 | 1.0 mi |
D 1348 Dorothy Avenue 1 Sold | $169,000 List Price | 2 | 1 | 800 | 0.5 mi | |
E 1300 Lorilyn Avenue 1 Sold | $193,000 List Price | 2 | 1 | 800 | 0.6 mi | |
F 1509 LORILYN Avenue 2 Sold | $205,000 | 2 | 1 | 880 | $233 | 0.7 mi |
G 5156 Gray Lane F Active | $150,000 List Price | 1 | 1 | 702 | $214 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained and move-in ready with recent updates such as new flooring; however, it was built in 1977 and retains many vintage characteristics, including popcorn ceilings and older exterior finishes. While functional and clean, it does not meet the criteria for a full modern renovation required for a 'good' or 'excellent' rating.
Ideally situated less than a mile from UNLV and minutes from Harry Reid International Airport, making it a high-demand location for students, faculty, and frequent travelers.
The property features a rare 1-car garage plus an additional assigned parking space, providing significant value for security, storage, and convenience that is uncommon for units of this size.
The condo is move-in ready with modern updates including new flooring and all appliances included, offering an attractive, low-maintenance entry point for first-time buyers or investors.
Built in 1977, the property may require more frequent maintenance or updates to aging mechanical systems compared to newer residential developments.
The assigned public schools, particularly the high school and one elementary school, carry low ratings which may limit the property's appeal to families and impact long-term appreciation.
Imagine living in this 702 sq ft loft-style condo offering the perfect blend of a convenient Las Vegas location and also practical comfort. Ideally located in a gated community less than a mile from UNLV and minutes from Harry Reid Airport, this 1-bedroom, 1-bath home is an exceptional opportunity for students, professionals, or investors. The thoughtfully designed layout features an open-concept living space with new flooring and a kitchen downstairs, while the private bedroom is tucked away upstairs and open to below. Enjoy the rare convenience of a 1-car garage for secure parking and/or extra storage, plus an assigned parking spot and plenty of guest parking! Community includes a pool—perfect for relaxing after a long day. With all appliances included and low-maintenance living, this property is move-in ready. Don’t miss your chance to own a stylish retreat in the heart of Las Vegas!
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 | 35% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 702 | 880 | 34% |
| Lot Size | - | - | 50% |
| Price | $159.9K | $110.0K | 73% |
| Price per sq ft | $228 | $167 | 96% |
| Built year | 1977 | 1983 | 34% |
| HOA | $240 | $175 | 67% |
| Days on market | 290 | 1510 | 31% |
Jul 6, 2025
$159,900
Initial Listing