5206 Mandalay Springs Drive 103, Las Vegas, NV 89120, Las Vegas, 89120 - 3 bed, 2 bath
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Las Vegas, NV 89120
This First-Floor Three-Bedroom Condominium represents a stable market acquisition, listed at $220,000—matching its $220,000 Fair Market Value. Holding a Fair Condition Rating, the home features wood laminate flooring, a private patio, and a spacious layout. Residents benefit from resort-style amenities including multiple pools and a spa within the gated Canyon Willows community. Its prime location near the Las Vegas Strip and Airport ensures high rental demand. While subject to short sale approval, this move-in-ready asset is ideally suited for first-time buyers or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5206 Mandalay Springs Drive 103 Subject | $220,000* List Price | 3 | 2 | 1,190 | $185 | - |
A 3056 Casey Drive 201 Sold | $216,500 | 3 | 2 | 1,190 | $182 | 0.1 mi |
B 5130 Mandalay Springs Drive 102 Sold | $250,000 | 3 | 2 | 1,190 | $210 | 0.1 mi |
C 3062 TARPON Drive 201 Sold | $194,000 | 2 | 2 | 987 | $197 | 0.1 mi |
D 3135 Key Largo Drive 202 Sold | $267,000 | 3 | 2 | 1,190 | $224 | 0.2 mi |
E 5130 Mandalay Springs Drive 103 Sold | $190,000 | 2 | 2 | 1,020 | $186 | 0.1 mi |
F 3083 Casey Drive 101 Sold | $195,000 | 2 | 2 | 987 | $198 | 0.1 mi |
G 3152 Tarpon Drive 203 Active | $219,000 List Price | 3 | 2 | 1,190 | $184 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1995, the property is approximately 30 years old. While the interior has been refreshed with modern wood laminate flooring and is listed as move-in ready, the kitchen cabinetry appears to be the original 1990s oak, and the overall aesthetic is dated. Per the criteria for properties over 20 years old with older renovations, it is classified as fair.
This move-in ready, first-floor unit features wood laminate flooring, modern finishes, and a spacious three-bedroom layout that maximizes natural light and functional living space.
Located within the gated Canyon Willows community, residents enjoy access to multiple pools, a spa, and a clubhouse, offering a high-quality lifestyle and well-maintained common areas.
The property is ideally situated with quick access to the Las Vegas Strip, Harry Reid International Airport, and major freeways, making it highly attractive for commuters and investors.
As a short sale subject to bank approval and the cancellation of a previous escrow, buyers should expect a potentially lengthy and unpredictable closing process.
The $310 monthly association fee represents a significant recurring carrying cost that may impact the overall affordability and debt-to-income ratio for some buyers.
SUBJECT TO CANCELLATION OF PREVIOUS ESCROW. 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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 82% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,190 | 1,017.5 | 82% |
| Lot Size | - | 2,640.5 | 36% |
| Price | $220.0K | $194.0K | 86% |
| Price per sq ft | $185 | $191 | 45% |
| Built year | 1995 | 1996 | 32% |
| HOA | $310 | $304 | 55% |
| Days on market | 236 | 342 | 27% |
Oct 23, 2025
$220,000
Initial Listing
Feb 7, 2014
$77,945
Public Record
Jan 31, 2011
$70,000
Public Record