5237 Wave Dancer Lane, Las Vegas, NV 89118, Las Vegas, 89118 - 2 bed, 2 bath
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Las Vegas, NV 89118
This Income-Generating Residential Asset is listed at $320,000, reflecting a market-aligned valuation relative to its $300,915 Fair Market Value. Marketed as an investor special with a Tenant in Place, the property offers immediate cash flow and a Condition Rating of 3 featuring Stainless Appliances, LVP Flooring, and Vaulted Ceilings. Located minutes from the Las Vegas Strip, the community provides a Pool and Spa, while proximity to Helen Jydstrup Elementary and Durango High School ensures consistent rental demand. This turnkey acquisition is ideal for Buy-and-Hold Investors or Portfolio Managers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5237 Wave Dancer Lane Subject | $320,000* List Price | 2 | 2 | 1,089 | $276 | - |
A 5247 Sacha Way Sold | $297,000 List Price | 2 | 2 | 1,089 | 0.1 mi | |
B 5240 Island Chain Road Sold | $280,000 | 2 | 2 | 1,116 | $251 | 0.3 mi |
C 5139 Briar Patch Way Sold | $295,000 List Price | 2 | 2 | 1,016 | 0.3 mi | |
D 5139 Briar Patch Way Sold | $277,000 List Price | 2 | 2 | 1,016 | 0.3 mi | |
E 5771 Ritter Lane Sold | $285,000 | 2 | 2 | 1,089 | $262 | 0.2 mi |
F 5273 Wave Dancer Lane Active | $349,900 List Price | 2 | 2 | 1,089 | $321 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features several recent cosmetic and functional upgrades. Although built in 1994, the home has been updated with brand-new stainless steel kitchen appliances, modern countertops, and contemporary LVP flooring throughout the main living areas. The bathrooms have been refreshed with updated fixtures, including a modern shower panel system. While the cabinetry appears to be original but painted, the overall maintenance and recent improvements elevate the condition above 'fair' despite the property's age.
Marketed as an investor special with a tenant already in place, this property offers immediate cash flow and eliminates the initial vacancy risk for a new owner.
Situated just minutes from the Las Vegas Strip, the property provides resort-style living with access to a community pool and spa, ensuring high demand for the area.
The home features soaring vaulted ceilings and a refreshed kitchen with brand-new stainless steel appliances and upgraded countertops, enhancing its overall marketability.
The presence of a tenant in place makes this property less suitable for owner-occupant buyers who are looking for immediate possession.
Built in 1994, the property is at an age where major mechanical systems or structural components may soon require capital investment for maintenance or replacement.
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!
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades 6-8 • 1.1 mi
Grades 9-12 • 1.6 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 | 1,089 | 1,242.5 | 19% |
| Lot Size | 1,742 | 1,742 | 50% |
| Price | $320.0K | $275.0K | 77% |
| Price per sq ft | $294 | $223 | 96% |
| Built year | 1994 | 2004 | 15% |
| HOA | $152 | $151 | 50% |
| Days on market | 228 | 329 | 46% |
Sep 6, 2025
$320,000
Initial Listing
May 31, 1994
$81,500
Public Record