5206 Mandalay Springs Drive 103, Las Vegas, NV 89120, Las Vegas, 89120 - 3 bed, 2 bath
5206 Mandalay Springs Drive 103
Las Vegas, NV 89120
Property Price
SUMMARY
Analysis of 5206 Mandalay Springs Drive 103, Las Vegas, NV 89120 is currently available with a list price of $236,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Las Vegas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Although built in 1995, the property is move-in ready and features significant modern upgrades including wood laminate flooring throughout, updated kitchen finishes, and well-maintained bathrooms. The interior renovations align with the 'good' criteria as the home has been updated to meet current aesthetic standards without requiring immediate repairs.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Interior Upgrades
The condo is move-in ready with wood laminate flooring, modern finishes, and a bright, open floor plan that enhances the overall living experience.
- Resort-Style Community Amenities
Located in the gated Canyon Willows community, residents benefit from multiple pools, a spa, and a clubhouse, offering a high-end lifestyle at an accessible price point.
- Prime Central Location
The property is strategically positioned near the Las Vegas Strip, the airport, and major freeways, providing excellent convenience for work and leisure.
CONSRISKS & DEFICIENCIES
- Short Sale Complexity
The property is a short sale subject to bank approval, which typically results in a more prolonged and uncertain closing process compared to traditional listings.
- Ongoing Association Fees
A monthly association fee of $310 represents a significant recurring expense that may impact the overall affordability for budget-conscious buyers.
About 5206 Mandalay Springs Drive 103
SHORT SALE SUBJECT TO BANK APPROVAL. Beautifully upgraded first-floor condo located in the gated Canyon Willows community. This 3-bedroom, 2-bath home features a bright, open floor plan with modern finishes throughout. The spacious living area is filled with natural light and opens to a large private balcony—perfect for relaxing or entertaining. The kitchen includes all appliances and offers ample storage and counter space. The primary suite features dual sinks, a soaking tub, and a walk-in closet. Wood laminate flooring runs throughout with tile in the bathrooms for easy maintenance. Enjoy resort-style amenities including multiple pools, a spa, clubhouse and beautifully maintained common areas. Conveniently located near the airport, the Strip, shopping, dining, and major freeways. Move-in ready and ideally situated for comfort and convenience.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1995
- Lot Size
- -
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $310 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 80% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,190 | 998 | 84% |
| Lot Size | - | 1,849 | 31% |
| Price | $236.0K | $180.0K | 79% |
| Price per sq ft | $198 | $196 | 59% |
| Built year | 1995 | 1995 | 50% |
| HOA | $310 | $244 | 67% |
| Days on market | 135 | 596 | 11% |
Pricing History
Listed for Sale
Oct 23, 2025
$236,000
Initial Listing
Sold
Feb 7, 2014
$77,945
Public Record
Sold
Jan 31, 2011
$70,000
Public Record