5229 Indian River Drive Unit 233, Las Vegas, NV 89103, Las Vegas, 89103 - 2 bed, 1 bath
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5229 Indian River Drive Unit 233
Las Vegas, NV 89103
ACTIVE
CONDITION: GOOD
2Beds
1Baths
816Sq Ft
816Lot Size
Property Price
LIST PRICE$155,000
EST. MARKET VALUE
$155,000
SUMMARY
This Turnkey Condominium represents a Strong Value Opportunity, listed at $160,000—positioned well below the $162,750 Fair Market Value by 1.7%. This valuation gap offers $2,750 in Instant Equity. Featuring a Condition Rating of 3, the unit boasts premium Marble Floors and Granite Countertops. With the added convenience of In-Unit Laundry and a private Patio, this property is perfectly suited for first-time buyers or rental investors seeking a move-in ready asset in a central location.
Estimated Market Value
$155,000
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 |
|---|---|---|---|---|---|---|
★ 5229 Indian River Drive Unit 233 Subject 2 bd · 1 ba · 816 sqft · $190 | $155,000* List Price | 2 | 1 | 816 | $190 | - |
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 5020 Indian River Drive 436 Sold 1 bd · 1 ba · 700 sqft · $167 · 0.1 mi | $117,000 | 1 | 1 | 700 | $167 | 0.1 mi |
C 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 |
D 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 |
E 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 |
F 5295 Indian River Drive 312 Sold 1 bd · 1 ba · 700 sqft · $194 · 0.1 mi | $136,000 | 1 | 1 | 700 | $194 | 0.1 mi |
G 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 |
H 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 |
I 5207 Indian River Drive 246 Active 2 bd · 1 ba · 816 sqft · $196 · 0.0 mi | $159,900 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.
While the building was constructed in 1982, the unit has undergone significant renovations including marble flooring, granite countertops, and an upgraded bathroom. The finishes appear to be within the 5-15 year renovation window, making it well-maintained and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Premium Interior Finishes
The unit features high-end marble flooring throughout and granite countertops, offering a luxury aesthetic that is rare at this competitive price point.
- In-Unit Laundry Convenience
The inclusion of a full-size washer and dryer within the unit provides significant convenience and added value compared to other condominium complexes with shared facilities.
- Strong Investment Potential
Priced at $160,000 for a two-bedroom layout in a central Las Vegas location, this property represents an excellent entry-level opportunity for first-time buyers or rental investors.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1982, the property may require more frequent maintenance or updates to building systems compared to newer residential developments.
- High Monthly Carrying Costs
The $307 monthly association fee is relatively high in proportion to the listing price, which may impact the overall monthly affordability and net ROI for investors.
About 5229 Indian River Drive Unit 233
Highly upgraded 2 bedroom in Bella Vita! Marble floors throughout! Full size washer & dryer in unit! Granite counter tops and upgraded bath!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1982
- Lot Size
- 816 Sq. Ft.
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 | 816 | 5,669.706 |
| Price | $155.0K | $221.6K |
| Price per sq ft | $190 | $210 |
| Built year | 1982 | 1996 |
| HOA | $307 | $254 |
| Days on market | 157 | 70 |
Pricing History
Listed for Sale
Oct 14, 2026
$155,000
$160,000
-3% Price Drop
Initial Listing
Price Change
May 20, 2026
$160,000
Initial Listing