5201 S Torrey Pines Drive 1239, Las Vegas, NV 89118, Las Vegas, 89118 - 2 bed, 2 bath
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Las Vegas, NV 89118
This Value-Add Condominium is listed at $239,999, positioned near its $233,976 Fair Market Value. The property features a Rare Attached 2-Car Garage, Private Balcony, and a Functional Split Floor Plan, though it currently holds a Condition Rating of 4 (Fair) due to deferred maintenance. Located in a gated community with a Community Pool and Spa, it is served by Marion B Earl Elementary, Grant Sawyer Middle, and Durango High School. Despite rental restrictions, the "TLC" requirement offers significant personalization upside. This is an ideal equity-building project for Owner-Occupants or First-Time Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5201 S Torrey Pines Drive 1239 Subject | $239,999* List Price | 2 | 2 | 1,128 | $207 | - |
A 5022 S Rainbow Boulevard 204 Sold | $220,000 | 2 | 2 | 1,091 | $202 | 0.5 mi |
B 5012 S Rainbow Boulevard 101 Sold | $205,000 List Price | 2 | 2 | 1,091 | 0.5 mi | |
C 5250 S Rainbow Boulevard 2126 Sold | $298,000 List Price | 3 | 2 | 1,131 | 0.3 mi | |
D 5250 S RAINBOW Boulevard 2126 Sold | $192,900 List Price | 3 | 2 | 1,131 | 0.3 mi | |
E 5250 S Rainbow Boulevard 1004 Sold | $250,000 | 3 | 2 | 1,131 | $221 | 0.4 mi |
F 5201 S Torrey Pines Drive 1173 Pending | $255,000 List Price | 2 | 2 | 1,128 | $226 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1995, falls within the 25-40 year age bracket for the 'fair' category with no major renovations reported. The listing description explicitly states the home 'requires TLC' and is 'not in move-in-ready condition,' citing deferred maintenance. Interior images show outdated features such as original green carpeting and a need for cosmetic rehabilitation, though the structure appears intact.
Unlike most condominiums, this unit features a private, attached 2-car garage with direct access, providing exceptional security, parking convenience, and additional storage space.
The property requires cosmetic TLC, offering a prime opportunity for buyers to build immediate equity by modernizing the space to their personal taste.
The 1,128 sq ft layout strategically positions bedrooms for maximum separation and privacy, making it an ideal configuration for roommates or a home office.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8190, other record lot size in square feet = 2550.
The HOA currently prohibits rentals, which eliminates the property as an option for investors and limits the long-term flexibility for owner-occupants.
The property is not in move-in-ready condition, necessitating an upfront investment of time and capital to address deferred maintenance and aesthetic updates.
Attached 2-car garage • Gated community • Balcony • Community pool & spa. 2 bed, 2 bath condo with 1,128 sq ft and functional layout. Bedrooms positioned for separation, supporting flexible use. Attached 2-car garage provides direct access, parking, and storage. Private balcony adds outdoor space. Located in a gated HOA community with controlled access, community pool, and spa. Property requires TLC, offering value-add potential for renovation or customization. HOA-managed exterior and common areas support a low-maintenance setup. Rentals not currently permitted per HOA. Proximity to Desert Breeze Park, grocery stores, and dining along Tropicana Ave corridor. Convenient access to I-215 and Spring Valley connections.
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades 6-8 • 0.3 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,128 | 1,034 | 62% |
| Lot Size | 8,190 | - | 80% |
| Price | $240.0K | $184.5K | 71% |
| Price per sq ft | $213 | $205 | 55% |
| Built year | 1995 | 1996 | 49% |
| HOA | $240 | $220 | 65% |
| Days on market | 33 | 986 | 2% |
Mar 20, 2026
$239,999
Initial Listing
Sep 25, 1997
$93,000
Public Record
Apr 28, 1995
$98,000
Public Record