5241 Caspian Springs Drive 203, Las Vegas, NV 89120, Las Vegas, 89120 - 3 bed, 2 bath
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Las Vegas, NV 89120
This Prime Investment Opportunity is a 3-bedroom condo listed at a List Price of $218,000—positioned well below the $223,576 Fair Market Value by 2%. This valuation gap offers $5,576 in Instant Equity. Featuring new luxury vinyl plank flooring and a top-floor layout, the unit maintains a Condition Rating of 4. While the kitchen and baths offer modernization potential, the gated community amenities, including two pools, provide strong rental appeal. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5241 Caspian Springs Drive 203 Subject | $199,800* List Price | 3 | 2 | 1,190 | $172 | - |
A 3056 Casey Drive 204 Sold | $140,000 | 2 | 2 | 1,020 | $137 | 0.1 mi |
B 3056 Casey Drive 201 Sold | $216,500 | 3 | 2 | 1,190 | $182 | 0.1 mi |
C 3054 Tarpon Drive 203 Sold | $169,900 | 2 | 2 | 1,020 | $167 | 0.1 mi |
D 3425 E Russell Road 224 Sold | $195,500 | 2 | 2 | 1,015 | $193 | 0.8 mi |
E 5150 MANDALAY SPRINGS Drive 204 Sold | $151,290 | 2 | 2 | 1,020 | $148 | 0.2 mi |
F 5150 Mandalay Springs Drive 204 Sold | $151,290 | 2 | 2 | 1,020 | $148 | 0.2 mi |
G 3062 TARPON Drive 201 Sold | $194,000 | 2 | 2 | 987 | $197 | 0.1 mi |
H 4960 Harrison Drive 124 Sold | $210,000 | 2 | 2 | 1,041 | $202 | 0.4 mi |
I 3125 Casey Drive 202 Active | $150,000 List Price | 2 | 2 | 1,020 | $147 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1993 (31 years old). While it features brand new luxury vinyl plank flooring throughout, the kitchen cabinets and fluorescent lighting appear original and dated. Based on the age of over 30 years and only partial cosmetic updates, it requires further modernization of the kitchen and bathrooms to reach a higher rating.
The unit features brand-new luxury vinyl plank flooring throughout, offering a contemporary aesthetic and low-maintenance durability that appeals to modern buyers.
As a top-floor 3-bedroom residence, the property provides enhanced privacy with no neighbors above and a spacious layout that is highly desirable in the condominium market.
The property qualifies for exclusive financing with no PMI and is located within a gated community featuring premium amenities like two pools and assigned covered parking.
The monthly HOA fee of $357 represents a significant recurring cost that may impact the overall affordability and debt-to-income ratio for potential buyers.
Built in 1993, the property may soon require updates to original mechanical systems or appliances that are reaching the end of their typical functional lifespan.
Top floor 3-bedroom condo w/ new luxury vinyl plank flooring in every room! Your new home is conveniently located with easy access to shopping, airport, and public transportation. All bedrooms are spacious and all are equipped with ceiling fans. Gated HOA has 3 pools, gym and covered parking space #87. Ask about exclusive Nevada State Bank financing with no PMI !
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,190 | - |
| Lot Size | 4,960 | - |
| Price | $199.8K | $217.2K |
| Price per sq ft | $168 | $219 |
| Built year | 1993 | 0 |
| HOA | $357 | $0 |
| Days on market | 30 | 828 |
Jul 17, 2026
$199,800
$218,000
-8% Price Drop
Initial Listing
Jun 22, 2026
$218,000
Initial Listing
Feb 25, 1994
$76,500
Public Record