5160 Indian River Drive 348, Las Vegas, NV 89103, Las Vegas, 89103 - 1 bed, 1 bath
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5160 Indian River Drive 348
Las Vegas, NV 89103
ACTIVE
CONDITION: POOR
1Beds
1Baths
700Sq Ft
0Lot Size
Property Price
LIST PRICE$139,999
EST. MARKET VALUE
$126,742
10% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $149,999—positioned well below the $141,389 Fair Market Value by -6%. Featuring a Condition Rating of 5, this unit requires a full interior rehab to modernize its 1982 infrastructure. The guard-gated complex offers premium amenities including a community pool, tennis courts, and gym. Located minutes from the Las Vegas Strip, this asset is ideal for Buy-and-Hold Investors or first-time buyers seeking a value-add project in a high-demand rental location.
Estimated Market Value
$126,742
Based on Realkey algorithm analyzing recent comparable sales in Las Vegas.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5160 Indian River Drive 348 Subject 1 bd · 1 ba · 700 sqft · $181 | $139,999* List Price | 1 | 1 | 700 | $181 | - |
A 5160 Indian River Drive 346 Sold 1 bd · 1 ba · 700 sqft · $179 · 0.0 mi | $125,000 | 1 | 1 | 700 | $179 | 0.0 mi |
B 5081 River Glen Drive 113 Sold 1 bd · 1 ba · 700 sqft · $183 · 0.1 mi | $128,000 | 1 | 1 | 700 | $183 | 0.1 mi |
C 5350 River Glen Drive 298 Sold 1 bd · 1 ba · 700 sqft · $186 · 0.1 mi | $130,000 | 1 | 1 | 700 | $186 | 0.1 mi |
D 5404 River Glen Drive 361 Sold 2 bd · 2 ba · 978 sqft · $183 · 0.2 mi | $178,500 | 2 | 2 | 978 | $183 | 0.2 mi |
E 5350 River Glen Drive 298 Active 1 bd · 1 ba · 700 sqft · $207 · 0.1 mi | $145,000 List Price | 1 | 1 | 700 | $207 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
The property was built in 1982 (44 years old) and the listing lacks any mention of recent renovations to the kitchen, bathroom, or major systems. Based on the age-specific criteria of >30 years without significant updates, the unit likely requires a full rehab to address dated interiors and aging infrastructure.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Ideally situated just minutes from the Las Vegas Strip, this property offers exceptional proximity to world-class entertainment, dining, and major employment hubs.
- Comprehensive Community Amenities
The guard-gated complex provides high-level security and premium lifestyle features, including a refreshing pool, tennis courts, a gym, and a clubhouse.
- Strong Investment Potential
Priced competitively under $150,000, this well-maintained unit represents an affordable entry point into the Las Vegas market with high appeal for renters or first-time buyers.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1982, the property may require modern cosmetic updates or face higher long-term maintenance needs compared to newer condominium developments.
- Modest School Ratings
The assigned middle and high schools carry lower performance ratings, which could potentially limit the property's appeal to education-focused buyers and impact long-term appreciation.
About 5160 Indian River Drive 348
Discover an exceptional living experience within this well maintained condo complex, ideally situated for optimal convenience, minutes from the Strip. Residents will appreciate the refreshing community pool, providing a perfect oasis for relaxation and recreation. Comprising one spacious bedroom and a full bathroom, this is a 700 square foot unit with a nice balcony. The complex is guard gated and features tennis courts, gym and clubhouse.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1982
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $242 / Month
Neighborhood Insights
Las Vegas Unified Schools
Joseph E Thiriot Elementary School
Grades PK-5 • 0.3 mi
6/10
Kenny C Guinn Middle School
Grades 6-8 • 1.1 mi
5/10
Grant Sawyer Middle School
Grades 6-8 • 1.9 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 700 | 1,048.989 |
| Lot Size | - | 5,669.706 |
| Price | $140.0K | $221.6K |
| Price per sq ft | $200 | $210 |
| Built year | 1982 | 1996 |
| HOA | $242 | $254 |
| Days on market | 108 | 70 |
Pricing History
Listed for Sale
Sep 30, 2026
$139,999
$149,999
-7% Price Drop
Initial Listing
Price Change
Jul 8, 2026
$149,999
Initial Listing