5831 Medallion Drive 101, Las Vegas, NV 89122, Las Vegas, 89122 - 2 bed, 2 bath
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Las Vegas, NV 89122
This Move-In Ready Condominium is a Strong Value Opportunity, listed at $197,900—positioned well below the $197,756 Fair Market Value by a negligible margin, reflecting a stable, market-aligned price. With a Condition Rating of 3, the unit features modern laminate flooring, stainless steel appliances, and a private patio. While the school district ratings are modest, the property offers significant lifestyle value through its extensive community amenities, including two pools and tennis courts. This is an ideal acquisition for first-time buyers or owner-occupants seeking a low-maintenance, well-managed residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5831 Medallion Drive 101 Subject | $195,000* List Price | 2 | 2 | 960 | $202 | - |
A 5320 Duralite Street 104 Sold | $209,500 | 2 | 2 | 960 | $218 | 0.2 mi |
B 5385 Shake Court 203 Sold | $145,000 | 2 | 1 | 806 | $180 | 0.1 mi |
C 5320 Duralite Street 104 Sold | $209,500 | 2 | 2 | 960 | $218 | 0.2 mi |
D 5710 E Tropicana Avenue 1035 Sold | $194,000 | 2 | 2 | 1,050 | $185 | 0.9 mi |
E 5710 E Tropicana Avenue 2225 Sold | $197,500 | 2 | 2 | 1,029 | $192 | 0.9 mi |
F 5365 Angler Circle 101 Sold | $175,000 | 2 | 2 | 960 | $182 | 0.2 mi |
G 5861 Medallion Drive 202 Active | $153,000 List Price | 2 | 1 | 806 | $190 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1987, the property has been well-maintained with updates that align with a 5-15 year renovation cycle. Key features include modern laminate flooring, stainless steel kitchen appliances, an updated tile backsplash, and a recently installed RO water filtration system. The unit is move-in ready and functional, exceeding the 'Fair' criteria despite its chronological age.
The condo boasts vaulted ceilings, a wood-burning fireplace, and low-maintenance tile and laminate flooring, offering a spacious and contemporary living environment.
Residents have access to a wide array of amenities including two pools, a spa, tennis and basketball courts, and a clubhouse, providing high lifestyle value.
The $233 monthly HOA fee is highly competitive as it covers water, sewer, trash, and gate security, significantly reducing individual utility costs for the owner.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3189, other record lot size in square feet = 1120.
The property is zoned for schools with low ratings, specifically a 2/10 for the middle school and 3/10 for the high school, which may deter families and impact future appreciation.
The presence of rental restrictions limits the property's appeal to real estate investors and reduces flexibility for owners who may wish to lease the unit in the future.
Discover this charming two-bedroom, two-bath condo with an open-plan kitchen and dining area, perfect for everyday living and entertaining. The kitchen features a garden window and a recently installed RO water filtration system, while the living room boasts vaulted ceilings, a cozy wood-burning fireplace, and ceiling fans throughout. Low-maintenance tile and laminate flooring flow seamlessly, adding style and practicality. The primary suite opens to a private patio, ideal for relaxing mornings or evenings. Newer washer and dryer and well-maintained appliances make moving in easy. Enjoy community amenities including two pools, a spa, tennis and basketball courts, a clubhouse, and barbecue areas. Covered parking and plenty of guest spaces offer convenience. The HOA covers water, sewer, trash, gates, and grounds upkeep—plus no gas service is required. Rental restrictions help maintain the neighborhood’s pride of ownership.
No exterior & parking available.
Grades PK-5 • 1.3 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 6.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 960 | 960 | 50% |
| Lot Size | 3,189 | 117 | 67% |
| Price | $195.0K | $194.0K | 62% |
| Price per sq ft | $203 | $184 | 76% |
| Built year | 1987 | 1998 | 19% |
| HOA | $233 | $157 | 67% |
| Days on market | 38 | 792 | 5% |
May 29, 2026
$195,000
$197,900
-1% Price Drop
Initial Listing
May 6, 2026
$197,900
Initial Listing
Sep 10, 1997
$70,000
Public Record