5405 Indian River Drive 400, Las Vegas, NV 89103, Las Vegas, 89103 - 1 bed, 1 bath
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Las Vegas, NV 89103
This Resort-Style Condominium is a Prime Investment Opportunity, listed at $145,000—positioned well below the $151,000 Fair Market Value by 3%. This valuation gap provides $6,000 in Instant Equity for an incoming owner. Maintaining a Condition Rating of 4, the unit features granite countertops and a private deck, situated within a premier guard-gated community with a pool and tennis courts. Located near the Las Vegas Strip and the highly-rated Joseph E Thiriot Elementary, it offers both lifestyle convenience and rental stability. This asset is an ideal match for Buy-and-Hold Investors or first-time buyers seeking a secure, turnkey entry into the market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5405 Indian River Drive 400 Subject | $145,000* List Price | 1 | 1 | 700 | $216 | - |
A 5286 River Glen Drive 428 Sold | $155,000 List Price | 1 | 1 | 700 | 0.2 mi | |
B 5314 River Glen Drive 291 Sold | $144,888 List Price | 1 | 1 | 700 | 0.1 mi | |
C 5061 River Glen Drive 75 Sold | $155,000 | 1 | 1 | 700 | $221 | 0.2 mi |
D 5185 Indian River Drive 225 Sold | $155,000 | 1 | 1 | 700 | $221 | 0.2 mi |
E 5061 River Glen Drive 75 Sold | $155,000 | 1 | 1 | 700 | $221 | 0.2 mi |
F 5160 Indian River Drive 345 Sold | $140,000 | 1 | 1 | 700 | $200 | 0.1 mi |
G 5350 River Glen Drive 298 Active | $145,000 List Price | 1 | 1 | 700 | $207 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1982, this condo is well-maintained and move-in ready but shows significant signs of age. While the kitchen has been updated with granite countertops, it retains older white appliances, dated dark wood cabinetry, and a fluorescent box light fixture. The bathroom features a basic surround and standard fixtures from a previous era. The overall style, including the vinyl flooring and older carpet, reflects a property that has had occasional updates rather than a full modern renovation.
Situated in an exclusive guard-gated community just minutes from the Las Vegas Strip, offering both peace of mind and easy access to world-class entertainment.
Residents enjoy access to premium community features including a sparkling pool, tennis courts, and a state-of-the-art exercise room, enhancing the lifestyle value.
The condo features a gourmet kitchen with sleek granite countertops and a bright, open living area, providing a contemporary feel despite the building's age.
Built in 1982, the property may require more frequent maintenance or updates to mechanical systems compared to newer condominium developments.
With only 700 square feet of living space, the unit offers limited flexibility for those needing additional storage or a dedicated home office environment.
Discover the epitome of luxury and convenience in this stunning condo, nestled within an exclusive guard-gated community just minutes from the vibrant Las Vegas Strip. This elegant home welcomes you with a bright and airy front living room, perfect for both relaxation and entertaining, flowing seamlessly into a gourmet kitchen adorned with sleek granite countertops, and ample cabinetry for culinary enthusiasts. Retreat to the spacious bedroom, bathed in natural light, offering a serene ambiance. Enjoy resort-style living with access to a state-of-the-art exercise room, sparkling community pool, well-maintained tennis courts, and 24/7 guard-gated security for ultimate peace of mind. This condo is a rare gem, blending sophisticated design with an unparalleled lifestyle. Schedule a viewing today—this is a must-see!
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades 6-8 • 1.0 mi
Grades 6-8 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 36% |
| Baths | 1.0 | 1.5 | 50% |
| Square foot | 700 | 880.5 | 33% |
| Lot Size | - | 0.5 | 50% |
| Price | $145.0K | $156.1K | 42% |
| Price per sq ft | $207 | $195 | 65% |
| Built year | 1982 | 1983 | 47% |
| HOA | $242 | $188 | 75% |
| Days on market | 11 | 1175 | 1% |
Apr 11, 2026
$145,000
Initial Listing