5140 Indian River Drive 306, Las Vegas, NV 89103, Las Vegas, 89103 - 2 bed, 2 bath
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Las Vegas, NV 89103
This Turnkey Condominium is a Strong Value Opportunity, listed at $199,500—positioned well below the $202,343 Fair Market Value by 1%. This valuation gap offers $2,843 in Instant Equity. Featuring a Condition Rating of 2, the unit includes brand-new flooring and modern fixtures. Residents enjoy a guard-gated community with a pool and park views, located just 15 minutes from the Strip. This is an ideal acquisition for first-time buyers or turnkey investors seeking a low-maintenance, well-located asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5140 Indian River Drive 306 Subject | $199,500* List Price | 2 | 2 | 978 | $207 | - |
A 5278 River Glen Drive 419 Sold | $187,000 | 2 | 2 | 978 | $191 | 0.1 mi |
B 5576 West Rochelle Avenue 6 C Sold | $206,000 | 2 | 2 | 1,058 | $195 | 0.3 mi |
C 5576 W Rochelle Avenue 32A Sold | $209,000 | 2 | 2 | 1,058 | $198 | 0.3 mi |
D 6250 W Flamingo Road 17 Sold | $250,000 | 2 | 2 | 1,038 | $241 | 1.0 mi |
E 4411 Alexis Drive 448 Sold | $160,000 | 2 | 2 | 978 | $164 | 0.1 mi |
F 4430 Sandy River Drive 27 Sold | $215,000 List Price | 2 | 2 | 978 | 0.2 mi | |
G 5404 River Glen Drive 353 Active | $240,000 List Price | 2 | 2 | 978 | $245 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1982, the property has undergone a very recent renovation (less than 5 years) featuring brand-new flooring, plush carpet, and modern light fixtures. It is described as turnkey and move-in ready, meeting the criteria for a high-quality recent update.
The property is move-in ready with significant modern updates, including brand-new flooring, plush carpet, and all appliances included, offering immediate value for owners or investors.
Ideally situated just 15 minutes from the Las Vegas Strip and Harry Reid International Airport, providing exceptional accessibility for commuters and hospitality professionals.
Located within a secure guard-gated community, residents enjoy resort-style facilities including a pool, fitness center, and tennis courts, enhancing the overall lifestyle appeal.
Constructed in 1982, the building may require more frequent maintenance of common elements or infrastructure compared to newer condominium developments.
The assigned middle and high schools have lower to average ratings (4-5/10), which may be a drawback for families prioritizing top-tier educational performance.
Move-in ready and beautifully updated! This 2-bedroom, 2-bath condo features brand-new flooring, plush new carpet, modern light fixtures, and all appliances included, making your move as easy as possible. Enjoy resort-style living in this guard-gated community, complete with a sparkling community pool, fitness center, and tennis courts—everything you need to relax, stay active, and enjoy the amenities just steps from home. Perfectly situated in a prime Las Vegas location, you'll enjoy unbeatable convenience with Harry Reid International Airport just 15 minutes away, the Las Vegas Strip only 15 minutes away, and UNLV just 20 minutes away. The nearest grocery store is less than 10 minutes away, making everyday errands quick and convenient. The unit is also ideally located near guest parking, making it easy to welcome family and friends. Whether you're a first-time homebuyer, downsizing, or searching for a turnkey investment opportunity, this condo offers the perfect blend of comfort, convenience, and lifestyle. With tasteful updates already completed and all appliances included, all that's left to do is move in. Don't miss your opportunity to own this beautifully renovated home in one of Las Vegas' most convenient communities. Schedule your private showing today!
No exterior & parking available.
Grades PK-5 • 0.3 mi
Grades 6-8 • 1.1 mi
Grades 6-8 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 978 | - |
| Lot Size | 978 | - |
| Price | $199.5K | $217.2K |
| Price per sq ft | $204 | $219 |
| Built year | 1982 | 0 |
| HOA | $307 | $0 |
| Days on market | 4 | 828 |
Jul 18, 2026
$199,500
Initial Listing