5240 Indian River Drive 274, Las Vegas, NV 89103, Las Vegas, 89103 - 2 bed, 2 bath
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Las Vegas, NV 89103
This Guard-Gated Resort-Style Condominium is listed at $210,000, offering a stable entry point into the highly desirable Bella Vita community. Positioned near its $187,001 Fair Market Value, the property offers a prime location near the Las Vegas Strip and the Joseph E Thiriot Elementary School. With a Condition Rating of 4, the unit features a well-maintained, original interior ready for modern updates to increase value. Residents benefit from extensive amenities including six pools, tennis courts, and fitness centers, making this a premier choice for Owner-Occupants or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5240 Indian River Drive 274 Subject | $210,000* List Price | 2 | 2 | 978 | $191 | - |
A 4972 River Glen Drive 173 Sold | $180,000 | 2 | 2 | 978 | $184 | 0.3 mi |
B 4960 INDIAN RIVER Drive 468 Sold | $163,000 | 2 | 1 | 816 | $200 | 0.2 mi |
C 5080 INDIAN RIVER Drive 400 Sold | $184,800 | 2 | 2 | 978 | $189 | 0.1 mi |
D 5080 Indian River Drive 400 Sold | $184,800 | 2 | 2 | 978 | $189 | 0.1 mi |
E 5242 Osman Court 54 Sold | $255,520 List Price | 2 | 2 | 1,080 | 0.2 mi | |
F 4936 River Glen Drive 183 Sold | $223,000 List Price | 0 | 2 | 978 | 0.3 mi | |
G 5200 Indian River Drive 301 Active | $185,000 List Price | 2 | 2 | 978 | $189 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1982 and appears to be in a well-maintained but largely original or dated condition. While the community amenities are high-quality, the interior images show standard-grade carpeting and basic finishes consistent with a 40-year-old unit that has not undergone a comprehensive modern renovation. It is functional and livable but requires updates to meet current modern standards.
Located within the guard-gated Bella Vita community, residents enjoy premium security and access to extensive facilities including multiple pools, tennis courts, fitness centers, and green spaces.
The property boasts a highly convenient location with immediate access to the Las Vegas Strip, major freeways, and diverse shopping centers, maximizing its rental and resale potential.
The unit is situated less than a third of a mile from a well-rated elementary school, offering significant appeal for small families and enhancing long-term property value.
Built in 1982, the unit may require capital improvements or modernization of interior finishes and systems to compete with newer condominium developments in the area.
The $307 monthly association fee represents a significant recurring expense that may impact the overall affordability and cash flow for budget-conscious buyers or investors.
Conveniently located & private 2nd floor unit with 2 bedrooms and 2 baths in the guard gated Bella Vita Community.Assigned covered parking space and loads of guest parking near the unit. The community amenities include pools, tennis courts, exercise rooms, playgrounds and green spaces. Convenient, central location with access to shopping centers, freeways & the Las Vegas Strip.
No exterior & parking available.
Grades PK-5 • 0.3 mi
Grades 6-8 • 1.0 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 | 2.0 | 2.0 | 50% |
| Square foot | 978 | 884 | 57% |
| Lot Size | 4,080 | 1 | 73% |
| Price | $210.0K | $158.5K | 78% |
| Price per sq ft | $215 | $195 | 72% |
| Built year | 1982 | 1983 | 47% |
| HOA | $307 | $188 | 96% |
| Days on market | 96 | 1176 | 2% |
Jan 16, 2026
$210,000
Initial Listing