5206 Mandalay Springs Drive 203, Las Vegas, NV 89120, Las Vegas, 89120 - 3 bed, 2 bath
5206 Mandalay Springs Drive 203
Las Vegas, NV 89120
Property Price
SUMMARY
Analysis of 5206 Mandalay Springs Drive 203, Las Vegas, NV 89120 is currently available with a list price of $237,900. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 new construction or fully renovated.
Although built in 1995, the property has undergone an extensive recent renovation that brings it up to modern standards. Key updates include brand new luxury vinyl plank flooring throughout, fresh two-tone paint, and new granite countertops in both the kitchen and bathrooms. The unit is move-in ready with no deferred maintenance, meeting the criteria for a recently renovated property with all-new or virtually new interior components.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Renovations
The property is move-in ready featuring extensive recent upgrades including brand new luxury vinyl plank flooring throughout, fresh two-tone paint, and granite countertops in the kitchen and bathrooms.
- Strategic Location
Ideally situated just minutes from the Las Vegas Strip, Harry Reid International Airport, and UNLV, this location offers exceptional convenience for commuters and high potential for rental demand.
- Community Amenities
Located within a gated community, residents have access to desirable lifestyle amenities including a community pool and clubhouse, providing added security and recreational value.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4967, other record lot size in square feet = 1681.
- Limited Parking
The unit only provides one assigned covered parking space, which may be insufficient for a three-bedroom household with multiple vehicles or frequent guests.
- Recurring Monthly Costs
The monthly association fee of $310 represents a significant ongoing expense that buyers must factor into their monthly budget alongside the mortgage payment.
About 5206 Mandalay Springs Drive 203
This immaculate and inviting condo has been newly renovated and offers 3 bedrooms, 2 bathrooms, and 1 assigned covered parking space. Featuring brand new luxury vinyl planks floors throughout (no carpet!), fresh two-tone paint, granite counters in kitchen and bathrooms, large primary suite with walk-in closet, spacious secondary bedrooms with ceiling fans and mirrored closet doors, balcony over looking common area, and much more!!! Nestled in Canyon Willow with a community pool, clubhouse, and gated entrance. Super convenient location, just minutes to the airport, Strip, UNLV, and all that Las Vegas has to offer. This is a must see!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1995
- Lot Size
- 4,967 Sq. Ft.
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 | 4,967 | 1,981 | 93% |
| Price | $237.9K | $180.0K | 79% |
| Price per sq ft | $200 | $196 | 62% |
| Built year | 1995 | 1995 | 50% |
| HOA | $310 | $244 | 67% |
| Days on market | 127 | 596 | 11% |
Pricing History
Listed for Sale
Oct 31, 2025
$237,900
Initial Listing
Sold
Apr 5, 2012
$46,900
Public Record