5525 West Flamingo Road 2029, Las Vegas, NV 89103, Las Vegas, 89103 - 1 bed, 1 bath
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5525 West Flamingo Road 2029
Las Vegas, NV 89103
ACTIVE
CONDITION: FAIR
1Beds
1Baths
870Sq Ft
4,324Lot Size
Property Price
LIST PRICE$179,000
EST. MARKET VALUE
$165,588
8% AboveMARKET VALUE
SUMMARY
This Strong Value Opportunity is a 1-bedroom condominium listed at $179,000, positioned well above the $165,588 Fair Market Value. While the price reflects a premium, the property offers a Condition Rating of 4, featuring a 2-story layout, a cozy fireplace, and rare private balcony and patio access. Located near highly-rated schools like Joseph E. Thiriot Elementary, this residence provides a stable, low-maintenance lifestyle. It is an ideal acquisition for Buy-and-Hold Investors seeking rental demand or first-time buyers entering the Las Vegas market.
Estimated Market Value
$165,588
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 |
|---|---|---|---|---|---|---|
★ 5525 West Flamingo Road 2029 Subject 1 bd · 1 ba · 870 sqft · $190 | $179,000* List Price | 1 | 1 | 870 | $190 | - |
A 5350 River Glen Drive 298 Sold 1 bd · 1 ba · 700 sqft · $186 · 0.2 mi | $130,000 | 1 | 1 | 700 | $186 | 0.2 mi |
B 5081 River Glen Drive 113 Sold 1 bd · 1 ba · 700 sqft · $183 · 0.4 mi | $128,000 | 1 | 1 | 700 | $183 | 0.4 mi |
C 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 |
D 5121 River Glen Drive 138 Sold 2 bd · 1 ba · 816 sqft · $202 · 0.4 mi | $165,000 | 2 | 1 | 816 | $202 | 0.4 mi |
E 4941 River Glen Drive 10 Sold 1 bd · 1 ba · 700 sqft · $225 · 0.5 mi | $157,500 | 1 | 1 | 700 | $225 | 0.5 mi |
F 5221 River Glen Drive 195 Sold 2 bd · 2 ba · 978 sqft · $184 · 0.3 mi | $180,000 | 2 | 2 | 978 | $184 | 0.3 mi |
G 4013 Nook Way A Sold 2 bd · 2 ba · 1,131 sqft · $186 · 0.3 mi | $210,000 | 2 | 2 | 1,131 | $186 | 0.3 mi |
H 5525 West Flamingo Road 2009 Active 1 bd · 1 ba · 870 sqft · $184 · 0.0 mi | $160,000 List Price | 1 | 1 | 870 | $184 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1997 (27 years old) with no evidence of recent renovations. While the unit appears clean and move-in ready, the interior finishes such as the tile flooring and basic appliances are dated and consistent with the original construction age, meeting the criteria for a property over 20 years old needing minor updates.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Market Value
Priced competitively at $179,000, this property offers a highly accessible entry point for first-time buyers or investors seeking a foothold in the Las Vegas real estate market.
- Enhanced Outdoor Living
The rare combination of both a private balcony and a patio provides significant additional living space and outdoor versatility seldom found in one-bedroom condominium units.
- Unique Interior Character
The two-story layout paired with a cozy fireplace creates a sophisticated and spacious ambiance that distinguishes this unit from standard single-level apartment-style residences.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4324, other record lot size in square feet = 4389.
- Limited Occupancy Appeal
The one-bedroom, one-bathroom configuration naturally limits the potential buyer pool to individuals or couples, potentially impacting long-term resale liquidity compared to multi-bedroom units.
- Dated Interior Elements
Constructed in 1997 with original-style kitchen equipment and partial window coverings, the unit may require capital investment for modern cosmetic upgrades to maximize its rental or resale value.
About 5525 West Flamingo Road 2029
The warmth of a fireplace anchors the living space of this condominium unit on West Flamingo Road, providing a serene environment for quiet evenings. Situated in Las Vegas, this property offers a comfortable setting that balances private relaxation with city living. This 2 story condo residence features a living area of 870 square feet. The interior includes partial window coverings and a kitchen equipped with a microwave. The exterior offers a private balcony and a patio, perfect for enjoying quiet moments outdoors. Schedule a viewing today to experience this inviting condo space.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1997
- Lot Size
- 4,324 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $250 / Month
Neighborhood Insights
Las Vegas Unified Schools
Joseph E Thiriot Elementary School
Grades PK-5 • 0.4 mi
6/10
Harvey N Dondero Elementary School
Grades PK-5 • 0.7 mi
6/10
Kenny C Guinn Middle School
Grades 6-8 • 0.8 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 870 | 1,048.989 |
| Lot Size | 4,324 | 5,669.706 |
| Price | $179.0K | $221.6K |
| Price per sq ft | $206 | $210 |
| Built year | 1997 | 1996 |
| HOA | $250 | $254 |
| Days on market | 40 | 70 |
Pricing History
Listed for Sale
Sep 14, 2026
$179,000
Initial Listing