5851 Medallion Drive 101, Las Vegas, NV 89122, Las Vegas, 89122 - 2 bed, 2 bath
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Las Vegas, NV 89122
This High-Potential Investment Opportunity is listed at $192,500, positioned slightly above the $189,382 Fair Market Value. While the property lacks an equity gap, it offers a stable entry point into a gated community with two pools, tennis courts, and a clubhouse. Featuring a Condition Rating of 4, the unit provides a unique layout with no neighbor above, a wood-burning fireplace, and three private outdoor spaces. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a functional, low-maintenance residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5851 Medallion Drive 101 Subject | $192,500* List Price | 2 | 2 | 960 | $197 | - |
A 5320 Duralite Street 104 Sold | $209,500 | 2 | 2 | 960 | $218 | 0.2 mi |
B 5365 Angler Circle 101 Sold | $175,000 | 2 | 2 | 960 | $182 | 0.2 mi |
C 5365 ANGLER 101 Sold | $175,000 | 2 | 2 | 960 | $182 | 0.2 mi |
D 5385 Shake Court 203 Sold | $145,000 | 2 | 1 | 806 | $180 | 0.1 mi |
E 5320 Duralite Street 104 Sold | $209,500 | 2 | 2 | 960 | $218 | 0.2 mi |
F 5751 E Hacienda Avenue 256 Sold | $200,000 | 2 | 2 | 896 | $223 | 0.3 mi |
G 5751 E Hacienda Avenue 124 Sold | $205,000 List Price | 2 | 2 | 896 | 0.4 mi | |
H 5710 E Tropicana Avenue 1035 Sold | $194,000 | 2 | 2 | 1,047 | $185 | 0.9 mi |
I 5831 Medallion Drive 101 Active | $198,900 List Price | 2 | 2 | 960 | $207 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1987, this 37-year-old property is dated and shows its age through popcorn ceilings and older white appliances. While the wood laminate flooring and maple cabinets provide a functional appearance, the kitchen and bathrooms lack recent modern renovations, fitting the criteria for a property over 20 years old needing updates.
This ground-floor unit offers a rare 'no neighbor above' configuration, providing the quiet and privacy of a single-story home within a condominium setting.
The property features three distinct outdoor areas, including two covered patios and a private gated courtyard off the primary bedroom, significantly enhancing the living space.
Situated in a gated community with premium amenities like two pools and tennis courts, the HOA fee provides excellent value by including water, trash, and exterior maintenance.
The assigned middle and high schools have low performance ratings (2/10 and 3/10), which may limit appeal for families and impact long-term appreciation.
Built in 1987, the property features a wood-burning fireplace and older construction standards that may require more maintenance or modernization compared to newer developments.
Cozy ground floor condo with no unit above it, two bedroom, two full bathrooms in a gated community with community pool and spa. Covered front patio at front door. Spacious living room with vaulted ceiling, lighted ceiling fan, sliding glass door to the front covered patio, and wood burning fireplace. Kitchen has maple cabinets, breakfast bar, garden window, pantry, and tile floor. Dining area is open to the kitchen with lighted ceiling fan, tile floor, and a sliding glass door to the back covered patio. Primary bedroom with lighted ceiling fan, walk-in closet, and sliding glass door to its own gated courtyard. Beautiful wood laminate flooring in the living room and bedrooms. Primary bathroom has bathtub with shower and tile floor. Second bedroom with lighted ceiling fan and walk-in closet. Hall bathroom has a bathtub with shower and tile floor. Laundry closet includes washer and dryer. One covered parking space included and plenty of other open parking. Association community has two pools, tennis court, clubhouse, and includes landscape care, water, and trash pick-up.
No exterior & parking available.
Grades PK-5 • 1.3 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 5.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 960 | - |
| Lot Size | - | - |
| Price | $192.5K | $217.2K |
| Price per sq ft | $201 | $219 |
| Built year | 1987 | 0 |
| HOA | $281 | $0 |
| Days on market | 33 | 828 |
Jun 19, 2026
$192,500
Initial Listing
Mar 28, 1997
$69,000
Public Record