6201 East Lake Mead Boulevard 259, Las Vegas, NV 89156, Las Vegas, 89156 - 2 bed, 2 bath
Loading property details...
6201 East Lake Mead Boulevard 259
Las Vegas, NV 89156
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,446Sq Ft
0Lot Size
Property Price
LIST PRICE$205,888
EST. MARKET VALUE
$208,866
SUMMARY
This property presents a Prime Investment Opportunity with a List Price of $205,888—positioned well below the $210,512 Fair Market Value by 2%. This valuation gap offers $4,624 in Instant Equity. Featuring a Fair Condition Rating, the unit offers 1,446 sqft of space and an upgraded primary suite. While the HOA fees are notable, the gate-guarded community and pool provide strong rental appeal. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a spacious, value-add asset.
Estimated Market Value
$208,866
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 |
|---|---|---|---|---|---|---|
★ 6201 East Lake Mead Boulevard 259 Subject | $205,888* List Price | 2 | 2 | 1,446 | $144 | - |
A 6800 E Lake Mead Boulevard 2124 Sold | $195,000 | 3 | 2 | 1,084 | $180 | 0.6 mi |
B 6201 East Lake Mead Boulevard 204 Active | $217,500 List Price | 3 | 2 | 1,446 | $150 | 0.1 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 1998 (26+ years old), the property falls into the Fair category as it is over 20 years old with mostly dated features. While the primary bathroom received a custom shower and counter upgrade several years ago, the kitchen and dining areas appear to retain older finishes and fixtures that would benefit from modern updates.
PROSSTRENGTHS & OPPORTUNITIES
- Generous Living Space
At 1,446 square feet, this unit is exceptionally spacious for a two-bedroom condo and includes a versatile den, providing ample room for a home office or additional living area.
- Upgraded Primary Suite
The primary bathroom features a custom shower and upgraded countertops, offering a modern aesthetic and immediate value that sets it apart from standard units in the complex.
- Secure Community Amenities
The property is located within a gate-guarded community that includes a swimming pool, providing residents with enhanced security and desirable recreational facilities.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $366 is relatively high for a property at this price point, which may impact the overall affordability for starter-home buyers and reduce net yields for investors.
- Underperforming School District
The assigned high school has a low rating of 2/10, which could be a significant drawback for families with children and may affect the property's long-term resale potential.
About 6201 East Lake Mead Boulevard 259
Charming, 2 bedrooms, 2 bathrooms and den. Cozy dining area adjacent to the kitchen features a built-in stove/oven, dishwasher and separate refrigerator. There is a great room which leads you out to the balcony. The guest bedroom is big and ideal for your guest when they come to visit. If you have kids, it accommodates the children. The primary bedroom is roomy and the bathroom, which was upgraded several years ago includes a custom shower, and an upgraded countertop. The closet is large and has plenty of room for his/hers clothing. There is a spacious 2 car garage too! The association includes gate guarded and a swimming pool. If you are looking for that starter home or an investment property then this is the home for you.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1998
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $366 / Month
Neighborhood Insights
Las Vegas Unified Schools
Mountain View Elementary School
Grades PK-5 • 0.9 mi
4/10
Mike Ocallaghan Middle School
Grades 6-8 • 1.1 mi
4/10
Sunrise Mountain High School
Grades 9-12 • 1.1 mi
2/10
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 | 1,446 | 1,059.468 |
| Lot Size | - | 6,055.359 |
| Price | $205.9K | $225.8K |
| Price per sq ft | $142 | $213 |
| Built year | 1998 | 1996 |
| HOA | $366 | $254 |
| Days on market | 38 | 71 |
Pricing History
Listed for Sale
Aug 2, 2026
$205,888
Initial Listing
Sold
Oct 21, 1998
$82,500
Public Record