5499 Indian River Drive Unit 363, Las Vegas, NV 89103, Las Vegas, 89103 - 2 bed, 2 bath
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5499 Indian River Drive Unit 363
Las Vegas, NV 89103
ACTIVE
CONDITION: GOOD
2Beds
2Baths
978Sq Ft
978Lot Size
Property Price
LIST PRICE$170,000
EST. MARKET VALUE
$183,067
7% BelowMARKET VALUE
SUMMARY
This Condominium represents a Strong Value Opportunity, listed at $179,000—positioned well below the $187,414 Fair Market Value by 4%. This valuation gap offers $8,414 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the unit includes a renovated Granite Kitchen and resort-style amenities like a pool and tennis courts. Located near Joseph E. Thiriot Elementary, this property balances financial stability with lifestyle convenience, making it an ideal acquisition for Buy-and-Hold Investors or first-time buyers.
Estimated Market Value
$183,067+$13,067 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 |
|---|---|---|---|---|---|---|
★ 5499 Indian River Drive Unit 363 Subject 2 bd · 2 ba · 978 sqft · $187 | $170,000* List Price | 2 | 2 | 978 | $187 | - |
A 5220 Indian River Drive 280 Sold 2 bd · 2 ba · 978 sqft · $174 · 0.1 mi | $170,000 | 2 | 2 | 978 | $174 | 0.1 mi |
B 5221 River Glen Drive 195 Sold 2 bd · 2 ba · 978 sqft · $184 · 0.2 mi | $180,000 | 2 | 2 | 978 | $184 | 0.2 mi |
C 5576 W Rochelle Avenue 9D Sold 2 bd · 2 ba · 1,058 sqft · $183 · 0.3 mi | $193,500 | 2 | 2 | 1,058 | $183 | 0.3 mi |
D 5576 W Rochelle Avenue 32A Sold 2 bd · 2 ba · 1,058 sqft · $198 · 0.3 mi | $209,000 | 2 | 2 | 1,058 | $198 | 0.3 mi |
E 5121 River Glen Drive 138 Sold 2 bd · 1 ba · 816 sqft · $202 · 0.2 mi | $165,000 | 2 | 1 | 816 | $202 | 0.2 mi |
F 5404 River Glen Drive 361 Sold 2 bd · 2 ba · 978 sqft · $183 · 0.2 mi | $178,500 | 2 | 2 | 978 | $183 | 0.2 mi |
G 5278 River Glen Drive 419 Sold 2 bd · 2 ba · 978 sqft · $191 · 0.2 mi | $187,000 | 2 | 2 | 978 | $191 | 0.2 mi |
H 5278 River Glen Drive 411 Active 2 bd · 2 ba · 978 sqft · $169 · 0.2 mi | $165,000 List Price | 2 | 2 | 978 | $169 | 0.2 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 features a renovated kitchen and bathrooms with granite countertops and updated dark wood cabinetry, likely performed within the last 10-15 years. The interior appears well-maintained, clean, and move-in ready, meeting the criteria for functional and updated living spaces.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Amenities
Situated in a guard-gated community just minutes from the Las Vegas Strip, the property offers resort-style living with access to a pool and tennis courts.
- Desirable Ground-Floor Access
This downstairs unit provides easy accessibility and features a functional two-bedroom, two-bathroom layout with upgraded granite countertops throughout.
- Comprehensive Appliance Package
The sale includes all appliances, offering a more turnkey transition for buyers or investors at a competitive price point.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =978, other record lot size in square feet = 8431.
- As-Is Appliance Condition
All appliances are being sold in 'as-is' condition, which may necessitate immediate repair or replacement costs for the new owner.
- External Laundry Location
The laundry area is located on the patio rather than inside the unit, which may be seen as a convenience drawback compared to modern interior laundry rooms.
About 5499 Indian River Drive Unit 363
Bella Vita-Resort style GUARD GATED Condo Community with pool & tennis! Great location, minutes from the strip! DOWNSTAIRS 2 bed/2 bath located in the rear of the community. Kitchen has breakfast bar with dining area, granite counter tops throughout. Separate laundry area on patio. Assigned parking Carport. ALL APPLIANCES included “As-Is”.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1982
- Lot Size
- 978 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $307 / 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 • 1.0 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 | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 978 | 1,048.989 |
| Lot Size | 978 | 5,669.706 |
| Price | $170.0K | $221.6K |
| Price per sq ft | $174 | $210 |
| Built year | 1982 | 1996 |
| HOA | $307 | $254 |
| Days on market | 45 | 70 |
Pricing History
Listed for Sale
Oct 9, 2026
$170,000
$179,000
-5% Price Drop
Initial Listing
Price Change
Sep 9, 2026
$179,000
Initial Listing