5185 Indian River Drive 227, Las Vegas, NV 89103, Las Vegas, 89103 - 1 bed, 1 bath
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Las Vegas, NV 89103
This Move-In Ready Condominium is a Strong Value Opportunity, listed at $165,000—positioned well above the $160,500 Fair Market Value by -2%. Featuring a Condition Rating of 3, the unit offers modern Granite Kitchen finishes and tile flooring. Residents enjoy a resort-style lifestyle with access to six pools, three gyms, and tennis courts. Located minutes from the Las Vegas Strip and near Joseph E. Thiriot Elementary, this property is an ideal choice for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance, amenity-rich residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5185 Indian River Drive 227 Subject | $165,000* List Price | 1 | 1 | 700 | $229 | - |
A 5060 INDIAN RIVER Drive 389 Sold | $150,000 | 1 | 1 | 700 | $214 | 0.0 mi |
B 5060 Indian River Drive 391 Sold | $120,000 List Price | 1 | 1 | 700 | 0.0 mi | |
C 5286 River Glen Drive 428 Sold | $184,500 List Price | 1 | 1 | 700 | 0.2 mi | |
D 5020 Indian River Drive 432 Sold | $155,000 | 1 | 1 | 700 | $221 | 0.1 mi |
E 5314 River Glen Drive 291 Sold | $144,888 List Price | 1 | 1 | 700 | 0.2 mi | |
F 5061 River Glen Drive 75 Sold | $155,000 | 1 | 1 | 700 | $221 | 0.1 mi |
G 5060 Indian River Drive 372 Active | $180,000 List Price | 1 | 1 | 700 | $257 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1982, the unit features mid-life renovations (estimated 5-15 years ago) including granite countertops in the kitchen and bathroom and tile flooring throughout. The property is well-maintained, functional, and move-in ready, despite dated appliances and cabinetry.
The property is located in a 24-hour guard-gated community offering an extensive amenity package, including six pools, three gyms, and five tennis courts, providing exceptional lifestyle value.
Situated just minutes from the Las Vegas Strip with easy freeway access and proximity to major shopping and dining hubs, this unit offers high convenience and strong rental potential.
This first-floor unit features modern upgrades such as granite countertops and tile flooring throughout, and comes fully equipped with all appliances included for a seamless transition.
Built in 1982, the property and community may require more frequent maintenance or face future capital improvement assessments compared to newer condominium developments.
At 700 square feet, the compact one-bedroom layout may feel restrictive for buyers requiring additional storage or a dedicated home office space.
"BEAUTIFUL CONDO UNIT" ON THE "FIRST FLOOR" WITH A "NICE COVERED BALCONY", TILES THROUGHOUT THE WHOLE FLOOR, STYLISH GRANITE COUNTER TOPS- KITCHEN/BATHROOM, MORE CABINET SPACE, BREAKFAST BAR & LAUNDRY SPACE. ALL APPLIANCES INCLUDED. "RESORT STYLE LIVING" IN A "24 HOUR GUARD GATED COMMUNITY", COMMUNITY HAS SIX POOLS, THREE CLUBHOUSES, WELL MAINTAINED 5 TENNIS COURTS, OUTDOOR AND INDOOR SPAS, MEN'S AND WOMEN'S WET/DRY SAUNAS, THREE GYMS, CABANAS, BBQ AND MUCH MORE! Just a few minutes away from the Las Vegas Strip. LOCATION, LOCATION!! THIS IS CLOSE TO LOTS OF SHOPPING, SEVERAL DINING, GROCERIES, SCHOOL AND EASY ACCESS TO THE FREEWAY. CLEAN AND READY TO MOVE IN!!!.
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades 6-8 • 1.2 mi
Grades 6-8 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 44% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 700 | 816 | 39% |
| Lot Size | 4,140 | - | 72% |
| Price | $165.0K | $150.0K | 67% |
| Price per sq ft | $236 | $190 | 90% |
| Built year | 1982 | 1982 | 50% |
| HOA | $252 | $180 | 83% |
| Days on market | 15 | 1402 | 1% |
May 22, 2026
$165,000
Initial Listing