5206 Mandalay Springs Drive 204, Las Vegas, NV 89120, Las Vegas, 89120 - 3 bed, 2 bath
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Las Vegas, NV 89120
This Well-Maintained 3-Bedroom Condominium is listed at $235,000, offering a stable and transparent entry point at its $235,000 Fair Market Value. Boasting a Condition Rating of 4, the interior is meticulously preserved with a "no-shoes" history, though it features original 1995 finishes. The gated community provides robust amenities, including three swimming pools and a fitness center, all situated minutes from the Las Vegas Strip and UNLV. This property combines a central, high-demand location with immediate move-in readiness, representing a strategic acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5206 Mandalay Springs Drive 204 Subject | $234,000* List Price | 3 | 2 | 1,190 | $197 | - |
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 5216 Mandalay Springs Drive 204 Sold | $220,000 | 3 | 2 | 1,190 | $185 | 0.0 mi |
D 3062 TARPON Drive 201 Sold | $194,000 | 2 | 2 | 987 | $197 | 0.1 mi |
E 3425 E RUSSELL Road 202 Sold | $250,000 | 3 | 2 | 1,200 | $208 | 0.9 mi |
F 3425 E Russell Road 202 Sold | $250,000 | 3 | 2 | 1,200 | $208 | 0.9 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.
The property is exceptionally well-maintained and move-in ready, but it retains most of its original 1995 features. The kitchen and bathrooms show dated oak cabinetry and standard fixtures from the era of construction. While the flooring and surfaces are in good condition, the lack of modern renovations and the property's age (29 years) align with the fair condition criteria.
Ideally situated near the Las Vegas Strip, UNLV, and major retail hubs like Sprouts and Walmart, providing exceptional convenience and strong rental potential.
The gated community offers a robust amenity package including three swimming pools, a fitness center, and a clubhouse, enhancing the overall lifestyle value.
The property is meticulously maintained with well-preserved flooring and a clean history, offering a move-in-ready experience that is rare for its age.
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.
The monthly HOA fee of $357 is relatively high compared to the listing price, which may impact the overall affordability and monthly carrying costs for buyers.
Built in 1995, the unit may require cosmetic updates or modernizations to the kitchen and bathrooms to align with contemporary design trends.
Welcome to this well-maintained 3-bedroom, 2-bath condo located in a quiet gated community. This home features a spacious living area with a fireplace and an open layout. Flooring has been well preserved as shoes have never been worn inside. The kitchen offers a functional layout with ample storage, and the adjoining dining and living areas create a comfortable flow for everyday living. The primary bedroom includes an en-suite bathroom and generous closet space. Community amenities include three swimming pools, fitness center, clubhouse with game room, and guest parking. Conveniently located near the Las Vegas Strip, UNLV, shopping, dining, Sprouts, Walmart, and Sam’s Club. Centrally located with easy access to entertainment, schools, and major roadways.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 84% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,190 | 987 | 82% |
| Lot Size | 4,967 | 1,849 | 95% |
| Price | $234.0K | $151.3K | 82% |
| Price per sq ft | $197 | $195 | 60% |
| Built year | 1995 | 1995 | 50% |
| HOA | $357 | $186 | 95% |
| Days on market | 173 | 973 | 11% |
Apr 9, 2026
$234,000
$235,000
+0% Price Increase
Initial Listing
Oct 31, 2025
$235,000
Initial Listing
Apr 28, 1995
$84,000
Public Record