5831 Medallion Drive 101, Las Vegas, NV 89122, Las Vegas, 89122 - 2 bed, 2 bath
5831 Medallion Drive 101
Las Vegas, NV 89122
Property Price
SUMMARY
Analysis of 5831 Medallion Drive 101, Las Vegas, NV 89122 is currently available with a list price of $198,900. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 moderate renovation needed.
The property is well-maintained and move-in ready, but reflects its 1987 build date with older kitchen styles, including white appliances and original-style cabinetry. While it features updated laminate and tile flooring and newer laundry appliances, it lacks a comprehensive modern renovation. It fits the 'fair' criteria as a home built over 20 years ago with functional but dated components and no major recent structural or aesthetic overhaul.
PROSSTRENGTHS & OPPORTUNITIES
- Comprehensive Community Amenities
The property offers an extensive amenity package including two pools, a spa, tennis and basketball courts, and a clubhouse, with an HOA fee that conveniently covers water, sewer, and trash services.
- Move-In Ready Interior
The condo features desirable upgrades such as vaulted ceilings, a wood-burning fireplace, low-maintenance tile and laminate flooring, and newer appliances including a washer, dryer, and RO water filtration system.
- Functional Layout and Privacy
The open-concept living area creates a spacious feel, while the primary suite’s direct access to a private patio provides a secluded outdoor retreat rare for condominium living.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
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.
- Rental Restrictions
Strict rental restrictions within the community limit the property's appeal to real estate investors, effectively narrowing the potential buyer pool to owner-occupants.
- Underperforming School District
The assigned middle and high schools carry low performance ratings (2/10 and 3/10), which may deter families with children and impact long-term appreciation potential.
About 5831 Medallion Drive 101
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.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1987
- Lot Size
- 3,189 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $233 / Month
Neighborhood Insights
Las Vegas Unified Schools
Sister Robert Joseph Bailey Elementary School
Grades PK-5 • 1.3 mi
Francis H Cortney Junior High School
Grades 6-8 • 0.9 mi
Basic Academy
Grades 9-12 • 6.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 960 | 967.5 | 46% |
| Lot Size | 3,189 | 929.5 | 67% |
| Price | $198.9K | $175.0K | 67% |
| Price per sq ft | $207 | $184 | 83% |
| Built year | 1987 | 1998 | 15% |
| HOA | $233 | $175 | 69% |
| Days on market | 64 | 495 | 4% |
Pricing History
Listed for Sale
Jan 2, 2026
$198,900
Initial Listing
Sold
Sep 10, 1997
$70,000
Public Record