7250 Diamond Canyon Lane 202, Las Vegas, NV 89149, Las Vegas, 89149 - 2 bed, 2 bath
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7250 Diamond Canyon Lane 202
Las Vegas, NV 89149
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,083Sq Ft
7,299Lot Size
Property Price
LIST PRICE$249,999
EST. MARKET VALUE
$258,437
3% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $249,999—positioned well below the $258,438 Fair Market Value by 3%. This valuation gap offers $8,439 in Instant Equity for buyers willing to address the Fair Condition Rating. Featuring a functional two-story layout with vaulted ceilings and a private balcony, the unit requires cosmetic updates to maximize its appeal. Located in a guard-gated community near highly-rated schools, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking value-add potential.
Estimated Market Value
$258,437+$8,438 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 7250 Diamond Canyon Lane 202 Subject | $249,999* List Price | 2 | 2 | 1,083 | $239 | - |
A 4941 Black Bear Road 204 Sold | $260,000 | 2 | 2 | 1,186 | $219 | 0.7 mi |
B 4941 Black Bear Road 203 Sold | $239,000 | 2 | 2 | 1,186 | $202 | 0.7 mi |
C 7310 CAMROSE RIDGE Place 101 Sold | $304,000 | 2 | 2 | 1,084 | $280 | 0.1 mi |
D 7310 CAMROSE RIDGE Place 101 Sold | $304,000 | 2 | 2 | 1,084 | $280 | 0.1 mi |
E 7310 Camrose Ridge Place 101 Sold | $304,000 | 2 | 2 | 1,084 | $280 | 0.1 mi |
F 7310 Camrose Ridge Place 101 Sold | $304,000 | 2 | 2 | 1,084 | $280 | 0.1 mi |
G 7620 Rolling View Drive 101 Sold | $280,000 | 2 | 2 | 1,275 | $220 | 0.5 mi |
H 5450 Cardinal Ridge Court 204 Pending | $278,900 List Price | 2 | 2 | 1,083 | $258 | 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 2002 (22 years old), the property falls into the Fair category due to its age and the listing's explicit mention that 'TLC is needed.' While the flooring appears to have been updated to a modern laminate, the kitchen features original oak cabinetry and dated fixtures. The interior photos show visible scuffs on walls and general wear, indicating a need for cosmetic updates and minor repairs to bring it to modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Guard-Gated Security
Located in the Solana Del Mar community, the property offers enhanced security and peace of mind through its guard-gated entry and desirable community amenities.
- Spacious Interior Design
The two-story layout features vaulted ceilings and a functional floor plan, creating an open and airy atmosphere that maximizes the 1,083 square feet of living space.
- Prime Location
Situated in the 89149 zip code, the condo provides convenient access to highly-rated schools, diverse shopping options, and dining, making it an attractive spot for families and professionals.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7299, other record lot size in square feet = 7433.
- Required Renovations
The property is noted as needing 'TLC,' suggesting that buyers will need to budget for immediate cosmetic or structural repairs to realize its full potential.
- Recurring HOA Costs
With a monthly association fee of $242, potential owners must account for this ongoing expense alongside their mortgage and maintenance costs.
About 7250 Diamond Canyon Lane 202
TLC needed, but the potential is undeniable! This two-story, 2-bedroom, 2-bathroom condo features a functional layout with an inviting living room, vaulted ceilings, a kitchen with solid-surface countertops and pantry, and a primary suite with a walk-in closet and dual sinks. Enjoy a private balcony off the living room. Located in a guard-gated community with desirable amenities and convenient access to schools, shopping, and dining. Bring your vision and make this condo shine!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2002
- Lot Size
- 7,299 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $242 / Month
Neighborhood Insights
Las Vegas Unified Schools
Dean Lamar Allen Elementary School
Grades PK-5 • 1.7 mi
6/10
Justice Myron E Leavitt Middle School
Grades 6-8 • 1.2 mi
5/10
Centennial High School
Grades 9-12 • 3.9 mi
5/10
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 | 1,083 | 1,059.468 |
| Lot Size | 7,299 | 6,055.359 |
| Price | $250.0K | $225.8K |
| Price per sq ft | $231 | $213 |
| Built year | 2002 | 1996 |
| HOA | $242 | $254 |
| Days on market | 5 | 71 |
Pricing History
Listed for Sale
Sep 4, 2026
$249,999
Initial Listing