5150 Mandalay Springs Drive 204, Las Vegas, NV 89120, Las Vegas, 89120 - 2 bed, 2 bath
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Las Vegas, NV 89120
This Condominium Asset represents a High-Potential Investment Opportunity, listed at $160,000—positioned well below the $160,783 Fair Market Value by 0.49%. With a Condition Rating of 4, the unit requires cosmetic updates to maximize rental yield. Its strategic proximity to UNLV and the Las Vegas Strip ensures consistent demand. While the monthly association fee is a factor, the property offers a functional layout with a gas fireplace and private balcony. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking entry-level market access.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5150 Mandalay Springs Drive 204 Subject | $160,000* List Price | 2 | 2 | 1,020 | $158 | - |
A 3144 Tarpon Drive 102 Sold | $130,000 | 2 | 2 | 1,020 | $127 | 0.1 mi |
B 3056 Casey Drive 204 Sold | $140,000 | 2 | 2 | 1,020 | $137 | 0.1 mi |
C 3060 Casey Drive 104 Sold | $130,000 | 2 | 2 | 987 | $132 | 0.1 mi |
D 3425 E Russell Road 224 Sold | $195,500 | 2 | 2 | 1,015 | $193 | 0.9 mi |
E 5130 Mandalay Springs Drive 103 Sold | $190,000 | 2 | 2 | 1,020 | $186 | 0.0 mi |
F 3054 Tarpon Drive 203 Sold | $169,900 | 2 | 2 | 1,020 | $167 | 0.1 mi |
G 3062 TARPON Drive 201 Sold | $194,000 | 2 | 2 | 987 | $197 | 0.1 mi |
H 3425 E Russell Road 227 Sold | $205,000 List Price | 2 | 2 | 1,015 | 0.9 mi | |
I 3055 Key Largo Drive 204 Active | $205,000 List Price | 2 | 2 | 1,020 | $201 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1996 (28 years old) with no mention of recent renovations. While functional, the interior shows significant wear including heavily stained carpeting and dated fixtures, requiring cosmetic updates and minor repairs to meet modern standards.
The property is ideally situated near UNLV, Harry Reid International Airport, and the Las Vegas Strip, making it highly attractive for students, commuters, and hospitality professionals.
The unit features a desirable 2-bedroom, 2-bathroom split layout with a gas fireplace, private balcony with pool views, and assigned covered parking, enhancing daily comfort and convenience.
Priced at $160,000, this condo offers an affordable entry point into the Las Vegas market, providing significant value for first-time homebuyers or investors seeking rental opportunities.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4934, other record lot size in square feet = 1849.
The association fee of $357 per month is relatively high in proportion to the listing price, which may impact buyer affordability and reduce the net ROI for potential investors.
Being located on the second floor may limit the property's appeal to buyers with mobility issues or those specifically seeking the convenience of a ground-level unit.
A little above the action, with the pool in view and Vegas close at hand. This second-floor Canyon Willow condo offers a four-room layout with two bedrooms and two baths. Natural light reaches the main living area, where a gas fireplace and balcony overlooking the community grounds add character. The single-level interior and assigned covered parking keep everyday living straightforward. Beyond the gated entrance are a community pool and spa. Nearby destinations include Paradise Recreation Center, Tropicana Centre, UNLV, Thomas & Mack Center, Sunset Park walking trails, Harry Reid International Airport, and Las Vegas Strip dining and entertainment.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,020 | - |
| Lot Size | 4,934 | - |
| Price | $160.0K | $217.2K |
| Price per sq ft | $157 | $219 |
| Built year | 1996 | 0 |
| HOA | $357 | $0 |
| Days on market | 6 | 828 |
Jul 20, 2026
$160,000
Initial Listing
Jul 20, 1995
$76,500
Public Record