517 Indian Princess Drive Unit 201, Las Vegas, NV 89145, Las Vegas, 89145 - 3 bed, 2 bath
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517 Indian Princess Drive Unit 201
Las Vegas, NV 89145
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,112Sq Ft
0Lot Size
Property Price
LIST PRICE$253,000
EST. MARKET VALUE
$237,701
6% AboveMARKET VALUE
SUMMARY
This 3-bedroom condo represents a Strong Value Opportunity, listed at $253,000—positioned well below the $237,702 Fair Market Value by -6%. While the property requires minor cosmetic updates given its Fair Condition Rating, the efficient 1,112 sqft layout and gated community amenities, including a pool and exercise room, provide solid rental demand. Proximity to top-rated schools like Walter Jacobson Elementary and Walter Johnson Junior High enhances long-term stability. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add property in a prime location.
Estimated Market Value
$237,701
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 |
|---|---|---|---|---|---|---|
★ 517 Indian Princess Drive Unit 201 Subject 3 bd · 2 ba · 1,112 sqft · $214 | $253,000* List Price | 3 | 2 | 1,112 | $214 | - |
A 8450 Alta Drive 105 Sold 2 bd · 2 ba · 1,016 sqft · $187 · 0.1 mi | $190,000 | 2 | 2 | 1,016 | $187 | 0.1 mi |
B 7912 Foxwood Place 102 Sold 2 bd · 2 ba · 1,168 sqft · $193 · 0.5 mi | $225,000 | 2 | 2 | 1,168 | $193 | 0.5 mi |
C 7904 Idledale Court 203 Sold 2 bd · 2 ba · 1,168 sqft · $202 · 0.5 mi | $236,000 | 2 | 2 | 1,168 | $202 | 0.5 mi |
D 8425 Running Deer Avenue 102 Sold 2 bd · 2 ba · 821 sqft · $219 · 0.0 mi | $180,000 | 2 | 2 | 821 | $219 | 0.0 mi |
E 350 South Durango Drive 115 Sold 2 bd · 2 ba · 1,016 sqft · $210 · 0.2 mi | $213,000 | 2 | 2 | 1,016 | $210 | 0.2 mi |
F 7904 Ryandale Circle 204 Sold 3 bd · 2 ba · 1,266 sqft · $201 · 0.5 mi | $255,000 | 3 | 2 | 1,266 | $201 | 0.5 mi |
G 900 Heavenly Hills Court 106 Sold 2 bd · 2 ba · 1,129 sqft · $182 · 0.3 mi | $206,000 | 2 | 2 | 1,129 | $182 | 0.3 mi |
H 8301 Boseck Drive 133 Sold 3 bd · 2 ba · 1,521 sqft · $207 · 0.3 mi | $315,000 | 3 | 2 | 1,521 | $207 | 0.3 mi |
I 8409 Running Deer Avenue 104 Active 3 bd · 2 ba · 1,112 sqft · $221 · 0.0 mi | $246,000 List Price | 3 | 2 | 1,112 | $221 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1993 (31 years old), the property is well-maintained but dated. While the interior appears clean and functional with stainless steel appliances, the cabinetry and tile finishes reflect the original construction era, placing it in the Fair category due to age and the need for minor cosmetic updates.
PROSSTRENGTHS & OPPORTUNITIES
- Gated Community Amenities
The property is situated within the secure, gated Indian Wells community, offering residents exclusive access to a swimming pool and exercise room, which enhances both lifestyle and resale value.
- High-Utility 3-Bedroom Layout
Finding a 3-bedroom configuration at this price point is rare; the efficient 1,112 sqft floor plan includes desirable features like a primary bedroom fireplace and a private covered balcony.
- Prime Educational Proximity
The condo is exceptionally well-located for families, sitting just 0.17 miles from Walter Jacobson Elementary and within a mile of Walter Johnson Junior High, both of which carry respectable school ratings.
CONSRISKS & DEFICIENCIES
- Monthly HOA Burden
The $304 monthly association fee represents a significant recurring expense that may impact the overall affordability and debt-to-income ratio for budget-conscious buyers.
- Compact Living Quarters
Distributing three bedrooms across 1,112 square feet suggests that individual room sizes and storage may be limited, potentially feeling cramped for larger households or those with bulky furniture.
About 517 Indian Princess Drive Unit 201
Pride of ownership shines throughout this inviting 3-bedroom, 2-bath condo in the gated Indian Wells community. This 1,112 square foot home offers a comfortable layout filled with natural light, a cozy fireplace in the primary bedroom, and a private covered balcony. The kitchen features ample cabinetry and a functional design, while in-unit laundry adds everyday convenience. Enjoy community amenities including a pool and exercise room. A wonderful opportunity for low maintenance living in a gated Las Vegas community.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1993
- Lot Size
- -
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $304 / Month
Neighborhood Insights
Las Vegas Unified Schools
Walter Jacobson Elementary School
Grades PK-5 • 0.2 mi
5/10
Walter Johnson Junior High School
Grades 6-8 • 0.8 mi
7/10
Bonanza High School
Grades 9-12 • 2.3 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,112 | 1,048.989 |
| Lot Size | - | 5,669.706 |
| Price | $253.0K | $221.6K |
| Price per sq ft | $228 | $210 |
| Built year | 1993 | 1996 |
| HOA | $304 | $254 |
| Days on market | 5 | 70 |
Pricing History
Listed for Sale
Oct 19, 2026
$253,000
Initial Listing