5220 Indian River Drive 293, Las Vegas, NV 89103, Las Vegas, 89103 - 2 bed, 2 bath
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Las Vegas, NV 89103
This Turnkey Condominium represents a Strong Value Opportunity, listed at $199,000—positioned above the $184,500 Fair Market Value. While priced slightly above market, the unit features a Condition Rating of 3, boasting modern laminate flooring and updated stone countertops. Residents enjoy resort-style amenities, including a pool and guard-gated security, with proximity to Joseph E. Thiriot Elementary. This move-in ready property offers a low-maintenance lifestyle, making it an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a secure, well-maintained community in Las Vegas.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5220 Indian River Drive 293 Subject | $199,000* List Price | 2 | 2 | 978 | $189 | - |
A 4411 Alexis Drive 448 Sold | $160,000 | 2 | 2 | 978 | $164 | 0.1 mi |
B 5422 River Glen Drive 379 Sold | $175,000 | 2 | 2 | 978 | $179 | 0.1 mi |
C 4430 Sandy River Drive 27 Sold | $215,000 List Price | 2 | 2 | 978 | 0.3 mi | |
D 5221 RIVER GLEN DR Drive 189 Sold | $139,900 List Price | 2 | 2 | 978 | 0.1 mi | |
E 4960 INDIAN RIVER Drive 468 Sold | $163,000 | 2 | 1 | 816 | $200 | 0.3 mi |
F 5242 Osman Court 54 Sold | $255,520 List Price | 2 | 2 | 1,080 | 0.2 mi | |
G 5240 Indian River Drive 273 Active | $198,000 List Price | 2 | 2 | 978 | $202 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1982, the property has undergone significant updates including laminate wood flooring throughout and stone countertops in the kitchen. The unit is well-maintained, move-in ready, and features functional appliances and a modern water heater, placing it in the 5-15 year renovation category.
The unit is located on the first floor, providing convenient entry without the need for stairs, which is a highly sought-after feature for accessibility and ease of moving.
The property is situated within a guard-gated community, offering enhanced safety and peace of mind alongside resort-style amenities like a pool and clubhouse.
Featuring laminate wood flooring throughout with no carpet and all appliances included, the condo offers a low-maintenance, turnkey solution for buyers or investors.
Built in 1982, the unit and community infrastructure may require more frequent maintenance or future capital improvements compared to newer residential developments.
The $307 monthly association fee represents a significant recurring expense relative to the $199,000 price point, impacting overall monthly affordability.
Guard-gated condo featuring a desirable 2 bed first-floor unit with warm laminate wood flooring throughout, no carpet! Full appliances included. Enjoy the comfort of a well-maintained community with resort-style amenities including a pool and clubhouse, plus convenient access to dining, shopping, and groceries.
No exterior & parking available.
Grades PK-5 • 0.3 mi
Grades 6-8 • 1.0 mi
Grades 6-8 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 978 | 884 | 56% |
| Lot Size | 10,394 | - | 99% |
| Price | $199.0K | $155.0K | 76% |
| Price per sq ft | $203 | $194 | 62% |
| Built year | 1982 | 1982 | 50% |
| HOA | $307 | $190 | 96% |
| Days on market | 29 | 1395 | 1% |
May 15, 2026
$199,000
Initial Listing