5240 Indian River Drive 273, Las Vegas, NV 89103, Las Vegas, 89103 - 2 bed, 2 bath
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5240 Indian River Drive 273
Las Vegas, NV 89103
ACTIVE
CONDITION: GOOD
2Beds
2Baths
978Sq Ft
4,080Lot Size
Property Price
LIST PRICE$189,000
EST. MARKET VALUE
$184,544
SUMMARY
This Turnkey Condominium represents a Strong Value Opportunity, listed at $189,000—positioned slightly above the $184,544 Fair Market Value. Located in the guard-gated Bella Vita community, this Condition Rating 3 property features a Granite Kitchen, upgraded flooring, and a private Patio. With access to premium amenities like a pool, spa, and tennis courts, it offers a high-quality lifestyle near Joseph E Thiriot Elementary. This residence is an ideal acquisition for first-time buyers or Owner-Occupants seeking a move-in ready home in a secure, amenity-rich environment.
Estimated Market Value
$184,544
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 |
|---|---|---|---|---|---|---|
★ 5240 Indian River Drive 273 Subject 2 bd · 2 ba · 978 sqft · $189 | $189,000* List Price | 2 | 2 | 978 | $189 | - |
A 5220 Indian River Drive 280 Sold 2 bd · 2 ba · 978 sqft · $174 · 0.0 mi | $170,000 | 2 | 2 | 978 | $174 | 0.0 mi |
B 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 |
C 5576 W Rochelle Avenue 32A Sold 2 bd · 2 ba · 1,058 sqft · $198 · 0.3 mi | $209,000 | 2 | 2 | 1,058 | $198 | 0.3 mi |
D 5404 River Glen Drive 361 Sold 2 bd · 2 ba · 978 sqft · $183 · 0.1 mi | $178,500 | 2 | 2 | 978 | $183 | 0.1 mi |
E 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 |
F 5278 River Glen Drive 419 Sold 2 bd · 2 ba · 978 sqft · $191 · 0.1 mi | $187,000 | 2 | 2 | 978 | $191 | 0.1 mi |
G 5295 Indian River Drive 312 Sold 1 bd · 1 ba · 700 sqft · $194 · 0.0 mi | $136,000 | 1 | 1 | 700 | $194 | 0.0 mi |
H 5576 West Rochelle Avenue 6 C Sold 2 bd · 2 ba · 1,058 sqft · $195 · 0.3 mi | $206,000 | 2 | 2 | 1,058 | $195 | 0.3 mi |
I 5140 Indian River Drive 306 Active 2 bd · 2 ba · 978 sqft · $194 · 0.0 mi | $189,500 List Price | 2 | 2 | 978 | $194 | 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.
Despite being built in 1982, the property has undergone a clear 5-15 year renovation. It features upgraded wood-look flooring throughout, modern granite countertops, and stainless steel appliances, making it fully functional and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Premium Community Amenities
Located in the guard-gated Bella Vita community, the property offers high-tier security and extensive amenities including a pool, spa, clubhouse, gym, and tennis courts.
- Modern Interior Upgrades
The unit features contemporary finishes such as granite countertops, upgraded flooring throughout, and a primary bathroom with a custom walk-in granite shower.
- Turnkey Value Additions
The inclusion of all major appliances and three wall-mounted TVs provides immediate value and a seamless move-in experience for buyers or tenants.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4080, other record lot size in square feet = 4179.
- Property Age
Built in 1982, the unit may require more ongoing maintenance and lacks the modern energy efficiency standards found in newer Las Vegas developments.
- High HOA-to-Price Ratio
The $302 monthly association fee is relatively high compared to the $189,000 list price, which may impact the debt-to-income ratio for budget-conscious buyers.
About 5240 Indian River Drive 273
Welcome home to 5240 Indian River #273, located in the desirable Southwest in the guard gated Community of Bella Vita. Featuring a community pool & spa, clubhouse, exercise room and tennis court. Open floor plan, with upgraded flooring throughout. Dining area has a ceiling fan and a slider that leads out to the patio...great for outdoor enjoyment. Kitchen with breakfast bar, plenty of counter & storage space, granite countertops, built-in-microwave and refrigerator included. 2 bedrooms/2baths, both with ceiling fans. Primary bath with walk-in granite shower. 3 wall mounted TVs included! Schedule your showing today!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1982
- Lot Size
- 4,080 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $302 / 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 • 1.0 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 | 2.0 | 2.0 |
| Square foot | 978 | 1,048.989 |
| Lot Size | 4,080 | 5,669.706 |
| Price | $189.0K | $221.6K |
| Price per sq ft | $193 | $210 |
| Built year | 1982 | 1996 |
| HOA | $302 | $254 |
| Days on market | 32 | 70 |
Pricing History
Listed for Sale
Sep 22, 2026
$189,000
Initial Listing