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 Strong Value Opportunity is a Condominium listed at $159,900, positioned above the $150,762 Fair Market Value. While the price reflects a premium, the property offers a Fair Condition Rating with modern Granite Countertops and Tile Flooring. Residents benefit from resort-style amenities, including six pools and 24-hour guard-gated security. Located near Joseph E Thiriot Elementary School, this unit provides a stable lifestyle for Buy-and-Hold Investors or first-time buyers seeking a move-in ready residence with immediate access to the Las Vegas Strip.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5185 Indian River Drive 227 Subject | $159,900* List Price | 1 | 1 | 700 | $215 | - |
A 5350 River Glen Drive 298 Sold | $130,000 | 1 | 1 | 700 | $186 | 0.2 mi |
B 5061 River Glen Drive 75 Sold | $155,000 | 1 | 1 | 700 | $221 | 0.1 mi |
C 5314 River Glen Drive 291 Sold | $144,888 List Price | 1 | 1 | 700 | 0.2 mi | |
D 5286 River Glen Drive 428 Sold | $155,000 List Price | 1 | 1 | 700 | 0.2 mi | |
E 5061 River Glen Drive 75 Sold | $155,000 | 1 | 1 | 700 | $221 | 0.1 mi |
F 5160 Indian River Drive 345 Sold | $140,000 | 1 | 1 | 700 | $200 | 0.1 mi |
G 4960 INDIAN RIVER Drive 468 Sold | $163,000 | 2 | 1 | 816 | $200 | 0.2 mi |
H 5286 River Glen Drive 428 Sold | $184,500 List Price | 1 | 1 | 700 | 0.2 mi | |
I 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 moderate renovation needed.
Built in 1982 (42 years old), the property has undergone partial renovations including granite countertops and tile flooring. However, the kitchen and bathroom cabinetry, fluorescent lighting, and appliances remain dated. While well-maintained and move-in ready, it fits the 'Fair' category due to its age and the need for further cosmetic updates to meet modern standards.
The community offers an exceptional amenity package including six pools, three clubhouses, and 24-hour guard-gated security, providing a high-value lifestyle for residents.
Ideally situated just minutes from the Las Vegas Strip with easy freeway access and proximity to diverse shopping and dining options, enhancing its appeal for both owners and tenants.
This first-floor unit features modern granite countertops, durable tile flooring throughout, fresh interior paint, and includes all appliances, reducing immediate post-purchase expenses.
Built in 1982, the property and its underlying systems are over 40 years old, which may lead to higher long-term maintenance needs compared to newer constructions.
The property has been on the market for nearly 60 days and has already seen a price reduction, which may indicate initial overpricing or lower demand for this specific unit type.
WELL LOCATED CONDO & RESORT STYLE LIVING IN A 24 HOUR GUARD GATED COMMUNITY. NEWLY PAINTED interior, UNIT IS ON THE FIRST FLOOR. TILES THROUGHOUT THE WHOLE FLOOR with a NICE COVERED BALCONY. STYLISH GRANITE COUNTER TOPS kitchen and bathroom. More cabinet space and laundry space. ALL APPLIANCES ARE INCLUDED. Community has six pools, 3 clubhouses, 3 well maintained tennis courts, outdoor and indoor spas, three gyms cabanas, barbecue area, playground and much more. JUST A FEW MINUTES AWAY FROM THE LAS VEGAS STRIP.. This is close to lots of shopping, several dining, groceries, school and easy access to the freeway.
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 |
|---|---|---|
| Beds | 1.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 700 | - |
| Lot Size | 4,138 | - |
| Price | $159.9K | $217.2K |
| Price per sq ft | $228 | $219 |
| Built year | 1982 | 0 |
| HOA | $252 | $0 |
| Days on market | 61 | 828 |
Jul 1, 2026
$159,900
$165,000
-3% Price Drop
Initial Listing
May 22, 2026
$165,000
Initial Listing