5237 Wave Dancer Lane, Las Vegas, NV 89118, Las Vegas, 89118 - 2 bed, 2 bath
5237 Wave Dancer Lane
Las Vegas, NV 89118
Property Price
SUMMARY
Analysis of 5237 Wave Dancer Lane, Las Vegas, NV 89118 is currently available with a list price of $320,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Las Vegas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and features significant recent updates, including brand-new stainless steel kitchen appliances and upgraded countertops. While the home was built in 1994, the interior has been well-maintained with modern touches like vaulted ceilings and an oversized primary suite. The combination of recent kitchen upgrades and overall functional condition elevates it to the good category despite its chronological age.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated just minutes from the iconic Las Vegas Strip, this property offers exceptional access to world-class entertainment, dining, and major employment hubs, ensuring high desirability.
- Immediate Income Potential
As an 'investor special' with a tenant already in place, this property provides immediate cash flow from day one, eliminating the risk and cost of an initial vacancy period.
- Modern Interior Upgrades
The home features high-value interior enhancements, including soaring vaulted ceilings, brand-new stainless steel appliances, and premium countertops that appeal to modern rental standards.
CONSRISKS & DEFICIENCIES
- Occupancy Restrictions
The presence of an existing tenant means the property is not available for immediate move-in, which excludes traditional buyers looking for a primary residence.
- Average School Ratings
While the elementary school is well-rated, the assigned middle and high schools have lower performance ratings, which may limit the property's appeal to families prioritizing education.
About 5237 Wave Dancer Lane
Investor special! Tenant in place. Just minutes from the iconic Las Vegas Strip! Enjoy resort-style living with access to a sparkling community pool and relaxing spa. Step inside to soaring vaulted ceilings, stunning countertops, and brand-new stainless steel appliances that elevate the kitchen. The oversized primary suite features a spacious walk-in closet for ultimate comfort. Outside, a private courtyard offers a peaceful retreat, and the attached one-car garage adds convenience. This gem is priced to sell and move-in ready—don’t miss out!
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 1994
- Lot Size
- 1,742 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $152 / Month
Neighborhood Insights
Las Vegas Unified Schools
Helen Jydstrup Elementary School
Grades PK-5 • 0.2 mi
Grant Sawyer Middle School
Grades 6-8 • 1.1 mi
Durango High School
Grades 9-12 • 1.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,089 | 1,265 | 19% |
| Lot Size | 1,742 | 1,742 | 50% |
| Price | $320.0K | $285.0K | 65% |
| Price per sq ft | $294 | $226 | 97% |
| Built year | 1994 | 2004 | 10% |
| HOA | $152 | $152 | 50% |
| Days on market | 182 | 233 | 39% |
Pricing History
Listed for Sale
Sep 6, 2025
$320,000
Initial Listing
Sold
May 31, 1994
$81,500
Public Record