5427 Indian River Drive 418, Las Vegas, NV 89103, Las Vegas, 89103 - 3 bed, 2 bath
5427 Indian River Drive 418
Las Vegas, NV 89103
Property Price
SUMMARY
Analysis of 5427 Indian River Drive 418, Las Vegas, NV 89103 is currently available with a list price of $288,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Las Vegas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and features significant cosmetic updates that elevate it above its 1982 build date. Key improvements include modern vinyl plank flooring throughout most of the unit and granite countertops in both the kitchen and bathrooms. The interior appears well-maintained with a functional layout, and while the cabinetry and some fixtures reflect an older style, the overall quality and recent updates meet the criteria for a 'good' condition rating.
PROSSTRENGTHS & OPPORTUNITIES
- Resort-Style Amenities & Security
The property is situated within a 24-hour guard-gated community featuring extensive amenities including multiple pools, spas, and tennis courts, providing both peace of mind and a high-end lifestyle.
- Rare 3-Bedroom Configuration
A 3-bedroom layout is a rare find in this complex, offering significantly more versatility for families or home offices compared to standard units, further enhanced by modern granite countertops and vinyl plank flooring.
- Prime Central Location
The strategic location offers quick access to the Las Vegas Strip, Harry Reid International Airport, and major sports arenas, making it an ideal choice for commuters and entertainment seekers.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1982, the property may require more frequent maintenance or updates to older mechanical and structural systems that fall outside of the recent cosmetic interior renovations.
- High Monthly Carrying Costs
The $370 monthly association fee is a significant recurring expense that may impact overall affordability and the debt-to-income ratio for some prospective buyers.
About 5427 Indian River Drive 418
Rare 3 bedroom 2 bath condo in popular Bella Vita complex featuring resort style living with numerous pools, spa, rec rooms and tennis courts. 24 hour guard gated entry. Vinyl plank flooring throughout. One bedroom has carpet. Fireplace in living room. Covered deck in rear with laundry closet. Mirrored closet doors in one bedroom. Granite counters in kitchen and baths. Breakfast bar in kitchen opening to dining area. Convenient short drive over to the Strip, airport and arenas.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1982
- Lot Size
- -
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $370 / Month
Neighborhood Insights
Las Vegas Unified Schools
Joseph E Thiriot Elementary School
Grades PK-5 • 0.2 mi
Kenny C Guinn Middle School
Grades 6-8 • 0.9 mi
Grant Sawyer Middle School
Grades 6-8 • 1.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 97% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,205 | 884 | 93% |
| Lot Size | - | 100 | 47% |
| Price | $288.0K | $157.0K | 97% |
| Price per sq ft | $239 | $197 | 88% |
| Built year | 1982 | 1984 | 42% |
| HOA | $370 | $195 | 99% |
| Days on market | 125 | 655 | 12% |
Pricing History
Listed for Sale
Nov 2, 2025
$288,000
Initial Listing