5207 Indian River Drive 246, Las Vegas, NV 89103, Las Vegas, 89103 - 2 bed, 1 bath
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5207 Indian River Drive 246
Las Vegas, NV 89103
ACTIVE
CONDITION: GOOD
2Beds
1Baths
816Sq Ft
0Lot Size
Property Price
LIST PRICE$159,900
EST. MARKET VALUE
$160,191
SUMMARY
This Turnkey Condominium represents a Strong Value Opportunity, listed at $159,900—positioned well below the $160,192 Fair Market Value by 0.18%. Featuring a Condition Rating of 3, the unit offers modern upgrades including Granite Kitchen countertops, stainless steel appliances, and refreshed baths. Residents enjoy resort-style amenities like multiple pools, spas, and tennis courts. Located near Joseph E. Thiriot Elementary, this property balances lifestyle convenience with financial stability. It is an ideal acquisition for first-time buyers or owner-occupants seeking a move-in ready home.
Estimated Market Value
$160,191
Based on Realkey algorithm analyzing recent comparable sales in Las Vegas.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5207 Indian River Drive 246 Subject 2 bd · 1 ba · 816 sqft · $196 | $159,900* List Price | 2 | 1 | 816 | $196 | - |
A 5121 River Glen Drive 138 Sold 2 bd · 1 ba · 816 sqft · $202 · 0.1 mi | $165,000 | 2 | 1 | 816 | $202 | 0.1 mi |
B 4941 River Glen Drive 10 Sold 1 bd · 1 ba · 700 sqft · $225 · 0.2 mi | $157,500 | 1 | 1 | 700 | $225 | 0.2 mi |
C 5220 Indian River Drive 280 Sold 2 bd · 2 ba · 978 sqft · $174 · 0.1 mi | $170,000 | 2 | 2 | 978 | $174 | 0.1 mi |
D 5221 River Glen Drive 195 Sold 2 bd · 2 ba · 978 sqft · $184 · 0.1 mi | $180,000 | 2 | 2 | 978 | $184 | 0.1 mi |
E 5160 Indian River Drive 346 Sold 1 bd · 1 ba · 700 sqft · $179 · 0.1 mi | $125,000 | 1 | 1 | 700 | $179 | 0.1 mi |
F 5163 Indian River Drive 205 Sold 1 bd · 1 ba · 700 sqft · $217 · 0.1 mi | $152,000 | 1 | 1 | 700 | $217 | 0.1 mi |
G 5081 River Glen Drive 113 Sold 1 bd · 1 ba · 700 sqft · $183 · 0.1 mi | $128,000 | 1 | 1 | 700 | $183 | 0.1 mi |
H 5350 River Glen Drive 298 Sold 1 bd · 1 ba · 700 sqft · $186 · 0.2 mi | $130,000 | 1 | 1 | 700 | $186 | 0.2 mi |
I 5229 Indian River Drive 233 Active 2 bd · 1 ba · 816 sqft · $196 · 0.0 mi | $160,000 List Price | 2 | 1 | 816 | $196 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1982, the unit has undergone significant renovations including a modernized kitchen with granite countertops and stainless steel appliances, updated laminate flooring, and a refreshed bathroom. It is well-maintained and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Extensive Community Amenities
Located in the guard-gated Bella Vita community, residents enjoy premium resort-style amenities including multiple pools, spas, tennis courts, dry saunas, and a fitness room.
- Modern Interior Upgrades
The unit is move-in ready with high-end finishes, featuring granite countertops, cherry wood cabinetry, stainless steel appliances, and contemporary laminate flooring throughout.
- Serene Greenbelt Views
The private balcony overlooks a lush green belt with mature trees, offering a tranquil and scenic outlook that provides a sense of privacy within a high-density complex.
CONSRISKS & DEFICIENCIES
- Compact Square Footage
With only 816 square feet allocated for a two-bedroom layout, the individual rooms and living areas may feel restrictive for buyers seeking more spacious accommodations.
- High HOA-to-Price Ratio
The monthly association fee of $307 is relatively high compared to the $159,900 list price, which may impact the debt-to-income ratio for budget-conscious buyers.
About 5207 Indian River Drive 246
Bella Vita guard gated community with tennis courts, fitness room, multiple pools and clubhouses. Multiple spas and dry saunas. beautiful laminate flooring throughout, this unit features deep color cherry wood cabinets, granite countertops and large breakfast bar in the kitchen. Kitchen also upgraded with adjustable recess lighting and stainless steel appliances. Bathroom is upgraded with tile flooring and brand new glass shower sliding doors. Both bedrooms plus the living rooms are upgrade with ceiling fan and lights. Living room has a balcony overlook the green belt and large grown trees. Plenty of parking with many guests parking spots available near both sides of the unit.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1982
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $307 / Month
Neighborhood Insights
Las Vegas Unified Schools
Joseph E Thiriot Elementary School
Grades PK-5 • 0.3 mi
6/10
Kenny C Guinn Middle School
Grades 6-8 • 1.1 mi
5/10
Grant Sawyer Middle School
Grades 6-8 • 1.9 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 816 | 1,048.989 |
| Lot Size | - | 5,669.706 |
| Price | $159.9K | $221.6K |
| Price per sq ft | $196 | $210 |
| Built year | 1982 | 1996 |
| HOA | $307 | $254 |
| Days on market | 37 | 70 |
Pricing History
Listed for Sale
Sep 17, 2026
$159,900
Initial Listing