7885 West Flamingo Road 1002, Las Vegas, NV 89147, Las Vegas, 89147 - 2 bed, 2 bath
Loading property details...
7885 West Flamingo Road 1002
Las Vegas, NV 89147
ACTIVE
CONDITION: FAIR
2Beds
2Baths
934Sq Ft
10,106Lot Size
Property Price
LIST PRICE$224,900
EST. MARKET VALUE
$222,080
SUMMARY
This High-Potential Investment Opportunity is listed at a List Price of $224,900, positioned slightly above the $222,080 Fair Market Value. While the property requires cosmetic updates to the kitchen and baths, its Fair Condition Rating and ground-floor accessibility make it a functional asset. Featuring a gated community with a pool, spa, and patio, this unit offers strong rental appeal. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers looking to build equity through strategic interior modernization.
Estimated Market Value
$222,080
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 |
|---|---|---|---|---|---|---|
★ 7885 West Flamingo Road 1002 Subject | $224,900* List Price | 2 | 2 | 934 | $238 | - |
A 7885 W Flamingo Road 1071 Sold | $250,000 | 2 | 2 | 934 | $268 | 0.2 mi |
B 7885 W Flamingo Road 1079 Sold | $242,000 | 2 | 2 | 934 | $259 | 0.2 mi |
C 7950 West Flamingo Road 2088 Sold | $219,999 | 2 | 2 | 1,023 | $215 | 0.3 mi |
D 7885 W Flamingo Road 2125 Sold | $180,000 | 2 | 2 | 934 | $193 | 0.2 mi |
E 7950 West Flamingo Road 2123 Sold | $212,000 | 2 | 2 | 1,023 | $207 | 0.3 mi |
F 7950 W FLAMINGO Road 2145 Sold | $239,000 | 2 | 2 | 1,023 | $234 | 0.2 mi |
G 7950 W Flamingo Road 2145 Sold | $239,000 | 2 | 2 | 1,023 | $234 | 0.2 mi |
H 7950 FLAMINGO Road 1092 Sold | $235,000 | 2 | 2 | 1,023 | $230 | 0.3 mi |
I 7885 FLAMINGO Road 2120 Active | $269,000 List Price | 2 | 2 | 934 | $288 | 0.2 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 1997 (27 years old), the property falls into the 'Fair' category as it is over 20 years old with mostly original finishes. While the living area features updated laminate flooring, the kitchen remains dated with original oak cabinetry and white appliances. The unit appears well-maintained and functional but requires cosmetic updates to the kitchen and likely the bathrooms to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Ground-Floor Accessibility
As a downstairs unit, this property offers easy entry and enhanced convenience, making it highly attractive to a broad demographic, including those with mobility preferences or heavy furniture.
- Prime Location & Security
Located within a secure gated community in the 89147 zip code, the home provides peace of mind and immediate proximity to essential shopping, dining, and city transit hubs.
- Turnkey Appliance Package
The inclusion of all appliances, including an in-unit washer and dryer, adds significant value and reduces immediate out-of-pocket costs for first-time buyers or rental investors.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10106, other record lot size in square feet = 2852.
- High Monthly HOA Dues
The $350 monthly association fee is a notable recurring expense that may impact the debt-to-income ratio and overall monthly affordability for budget-conscious purchasers.
- Compact Living Space
At 934 square feet for a two-bedroom, two-bathroom configuration, the interior layout may feel somewhat confined for those requiring more generous living or storage areas.
About 7885 West Flamingo Road 1002
This inviting 2-bedroom, 2-bath downstairs unit is located in a secure gated community and offers both comfort and convenience. The home includes all appliances, with a washer and dryer conveniently located in the unit. Its prime location places you close to shopping, dining, and city transit, making everyday living effortless and accessible.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1997
- Lot Size
- 10,106 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $350 / Month
Neighborhood Insights
Las Vegas Unified Schools
Roger M Bryan Elementary School
Grades PK-5 • 0.6 mi
6/10
Clifford J Lawrence Junior High School
Grades 6-8 • 1.3 mi
5/10
Spring Valley High School
Grades 9-12 • 0.4 mi
4/10
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 | 934 | 1,059.468 |
| Lot Size | 10,106 | 6,055.359 |
| Price | $224.9K | $225.8K |
| Price per sq ft | $241 | $213 |
| Built year | 1997 | 1996 |
| HOA | $350 | $254 |
| Days on market | 42 | 71 |
Pricing History
Listed for Sale
Jul 29, 2026
$224,900
Initial Listing