5229 Indian River Drive 233, Las Vegas, NV 89103, Las Vegas, 89103 - 2 bed, 1 bath
Loading property details...
Las Vegas, NV 89103
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.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5229 Indian River Drive 233 Subject | $160,000* List Price | 2 | 1 | 816 | $199 | - |
A 4960 INDIAN RIVER Drive 468 Sold | $163,000 | 2 | 1 | 816 | $200 | 0.2 mi |
B 4470 SANDY RIVER Drive 58 Sold | $130,000 List Price | 2 | 1 | 816 | 0.2 mi | |
C 4411 Alexis Drive 448 Sold | $160,000 | 2 | 2 | 978 | $164 | 0.2 mi |
D 4960 Indian River Drive 470 Sold | $163,000 | 2 | 1 | 816 | $200 | 0.2 mi |
E 4960 INDIAN RIVER Drive 468 Sold | $163,000 | 2 | 1 | 816 | $200 | 0.2 mi |
F 5185 Indian River Drive 223 Sold | $150,000 | 1 | 1 | 700 | $214 | 0.1 mi |
G 5044 River Glen Drive 148 Pending | $169,500 List Price | 2 | 1 | 816 | $208 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
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.
The unit features high-end marble flooring throughout and granite countertops, offering a luxury aesthetic that is rare at this competitive price point.
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.
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.
Built in 1982, the property may require more frequent maintenance or updates to building systems compared to newer residential developments.
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.
Highly upgraded 2 bedroom in Bella Vita! Marble floors throughout! Full size washer & dryer in unit! Granite counter tops and upgraded bath!
No exterior & parking available.
Grades PK-5 • 0.3 mi
Grades 6-8 • 1.1 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 | 1.0 | 1.0 | 50% |
| Square foot | 816 | 877 | 47% |
| Lot Size | 816 | - | 53% |
| Price | $160.0K | $155.0K | 56% |
| Price per sq ft | $196 | $194 | 53% |
| Built year | 1982 | 1982 | 50% |
| HOA | $307 | $190 | 96% |
| Days on market | 24 | 1395 | 1% |
May 20, 2026
$160,000
Initial Listing