5240 Mustang Street, Las Vegas, NV 89130, Las Vegas, 89130 - 4 bed, 3 bath
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5240 Mustang Street
Las Vegas, NV 89130
ACTIVE
CONDITION: FAIR
4Beds
3Baths
2,156Sq Ft
20,038Lot Size
Property Price
LIST PRICE$690,000
EST. MARKET VALUE
$600,067
14% AboveMARKET VALUE
SUMMARY
This Spacious Single-Story Residence represents a High-Potential Investment Opportunity, listed at $690,000—positioned above the $600,068 Fair Market Value. While the list price exceeds the current valuation, the property offers significant long-term value through its 0.46-acre lot, No HOA restrictions, and New PEX Plumbing. With a Condition Rating of 4, the home is functional but invites cosmetic modernization to maximize equity. Featuring a private swimming pool and RV parking, this asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants seeking a customizable, high-utility property.
Estimated Market Value
$600,067
Based on Realkey algorithm analyzing recent comparable sales in Las Vegas.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1991 (33 years old), the home falls into the dated category. While it features critical system upgrades like new PEX piping and pool equipment, the interior retains a 90s aesthetic with a sunken living room and older cabinetry. The property is functional and move-in ready but requires cosmetic modernization and backyard landscaping to reach current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20038, living area = 2156.
- Expansive Lot & No HOA
Situated on nearly half an acre, this property offers rare freedom with no HOA restrictions, a sparkling pool with new equipment, and dedicated RV parking.
- Significant Infrastructure Update
The home has been upgraded with brand-new PEX piping throughout, backed by a 20-year warranty, addressing a major long-term maintenance concern.
CONSRISKS & DEFICIENCIES
- Potential Cosmetic Modernization
Built in 1991, the home may require aesthetic updates to the kitchen and bathrooms to meet the expectations of buyers seeking a fully modern interior.
- Limited Enclosed Parking
Despite the large lot and RV space, the 2-car garage may be considered small for a four-bedroom home at this price point.
About 5240 Mustang Street
WELCOME HOME TO THIS SPACIOUS SINGLE-STORY PROPERTY SITUATED ON NEARLY HALF AN ACRE! Offering 4 bedrooms plus a versatile multi-use room and 3 baths, this home has plenty of space to spread out. Inside, you’ll find a sunken living room with vaulted ceilings and a cozy fireplace, a separate family room, dining area and kitchen with breakfast bar. Step outside to an expansive backyard made for enjoying the Las Vegas lifestyle, complete with a covered patio, sparkling swimming pool w/ new equipment! Mature landscaping, garden space and a large storage shed. A 2-car garage, RV parking and generous additional parking provide plenty of room for vehicles, toys and guests. NO HOA! A unique property with space, character and tons of potential! Home has been updated with all new pex piping throughout. (20-year warranty)
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1991
- Lot Size
- 20,038 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,156 | 1,961.945 |
| Lot Size | 20,038 | 6,098 |
| Price | $690.0K | $486.0K |
| Price per sq ft | $320 | $259 |
| Built year | 1991 | 2002 |
| HOA | $0 | $83 |
| Days on market | 8 | 62 |
Pricing History
Listed for Sale
Sep 1, 2026
$690,000
Initial Listing
Sold
Oct 19, 1993
$165,000
Public Record