5449 Indian River Drive 414, Las Vegas, NV 89103, Las Vegas, 89103 - 3 bed, 2 bath
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5449 Indian River Drive 414
Las Vegas, NV 89103
ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,444Sq Ft
2,886Lot Size
Property Price
LIST PRICE$244,900
EST. MARKET VALUE
$255,986
4% BelowMARKET VALUE
SUMMARY
This 3-bedroom condominium represents a Strong Value Opportunity, listed at a List Price of $244,900—positioned well below the $255,987 Fair Market Value by 4%. This valuation gap provides $11,087 in Instant Equity. Featuring a Condition Rating of 3, the unit offers recent cosmetic updates, including new LVP flooring and refreshed countertops. Residents benefit from resort-style amenities and proximity to the Las Vegas Strip. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready, well-located asset.
Estimated Market Value
$255,986+$11,086 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Las Vegas.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5449 Indian River Drive 414 Subject | $244,900* List Price | 3 | 2 | 1,444 | $177 | - |
A 5576 W Rochelle Avenue 32A Sold | $209,000 | 2 | 2 | 1,058 | $198 | 0.3 mi |
B 5221 River Glen Drive 195 Sold | $180,000 | 2 | 2 | 978 | $184 | 0.2 mi |
C 4013 Nook Way A Sold | $210,000 | 2 | 2 | 1,131 | $186 | 0.6 mi |
D 5576 West Rochelle Avenue 6 C Sold | $206,000 | 2 | 2 | 1,058 | $195 | 0.3 mi |
E 5404 River Glen Drive 361 Sold | $178,500 | 2 | 2 | 978 | $183 | 0.1 mi |
F 5267 Lisagayle Court 136 Sold | $219,000 | 2 | 2 | 1,080 | $203 | 0.3 mi |
G 5278 River Glen Drive 419 Sold | $187,000 | 2 | 2 | 978 | $191 | 0.2 mi |
H 4421 Alexis Drive 436 Active | $199,000 List Price | 2 | 2 | 978 | $203 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1982, the property has undergone recent cosmetic renovations including new LVP flooring, fresh carpet, and updated countertops in the kitchen and bathrooms. It is move-in ready and well-maintained, though the brick fireplace and black appliances are slightly dated.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated just 3 miles from the Las Vegas Strip, this property offers exceptional proximity to world-class entertainment, dining, and major employment hubs.
- Resort-Style Community Amenities
The guard-gated community provides high-tier security and extensive lifestyle amenities, including multiple swimming pools, sports courts, and a fitness center.
- Spacious and Functional Layout
At 1,444 square feet, this rare 3-bedroom condo features an expansive living area with a wet bar and fireplace, offering more space than typical units in this price range.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2886, other record lot size in square feet = 2979.
- Property Age
Built in 1982, the property may require updates to aging mechanical systems or interior finishes to meet modern energy efficiency and aesthetic standards.
- High Monthly Carrying Costs
The $369 monthly association fee adds a significant recurring expense to the cost of ownership, which may impact overall affordability for some buyers.
About 5449 Indian River Drive 414
This 3-bedroom, 2-bathroom condo just 3 miles from the Las Vegas Strip within a premier guard-gated community. Inside, the expansive living room features a cozy brick, wood-burning fireplace, flowing smoothly into a dining area complete with a built-in wet bar. The kitchen comes equipped with black appliances, while both bathrooms and the kitchen showcase sleek countertops. Residents also enjoy an array of resort-style community amenities, including swimming pools, tennis courts, basketball courts, a clubhouse, a fitness center, and a playground.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1982
- Lot Size
- 2,886 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $369 / Month
Neighborhood Insights
Las Vegas Unified Schools
Joseph E Thiriot Elementary School
Grades PK-5 • 0.2 mi
6/10
Kenny C Guinn Middle School
Grades 6-8 • 0.9 mi
5/10
Grant Sawyer Middle School
Grades 6-8 • 1.8 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,444 | 1,059.468 |
| Lot Size | 2,886 | 6,055.359 |
| Price | $244.9K | $225.8K |
| Price per sq ft | $170 | $213 |
| Built year | 1982 | 1996 |
| HOA | $369 | $254 |
| Days on market | 19 | 71 |
Pricing History
Listed for Sale
Aug 21, 2026
$244,900
Initial Listing