7950 West Flamingo Road 1178, Las Vegas, NV 89147, Las Vegas, 89147 - 2 bed, 2 bath
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7950 West Flamingo Road 1178
Las Vegas, NV 89147
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,023Sq Ft
0Lot Size
Property Price
LIST PRICE$225,000
EST. MARKET VALUE
$236,394
4% BelowMARKET VALUE
SUMMARY
This Move-In Ready Condominium is a Strong Value Opportunity, listed at $230,000—positioned well below the $232,933 Fair Market Value by 1%. This valuation gap offers $2,933 in Instant Equity. Featuring a Condition Rating of 4, the home includes brand-new luxury vinyl plank flooring and a new HVAC system. While the kitchen and baths offer potential for cosmetic updates, the split-bedroom layout and private covered patio provide immediate comfort. This is an ideal acquisition for first-time buyers or Buy-and-Hold Investors seeking a well-maintained, accessible property.
Estimated Market Value
$236,394+$11,394 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 |
|---|---|---|---|---|---|---|
★ 7950 West Flamingo Road 1178 Subject | $225,000* List Price | 2 | 2 | 1,023 | $231 | - |
A 7950 W FLAMINGO Road 2168 Sold | $165,000 List Price | 2 | 2 | 1,023 | 0.0 mi | |
B 7950 West Flamingo Road 2088 Sold | $219,999 | 2 | 2 | 1,023 | $215 | 0.2 mi |
C 7885 W Flamingo Road 1071 Sold | $250,000 | 2 | 2 | 934 | $268 | 0.3 mi |
D 7950 W Flamingo Road 2168 Sold | $230,000 List Price | 2 | 2 | 1,023 | 0.0 mi | |
E 7950 W Flamingo Road 2168 Sold | $229,000 | 2 | 2 | 1,023 | $224 | 0.0 mi |
F 7570 W Flamingo Road 122 Sold | $250,000 | 2 | 2 | 1,023 | $244 | 0.5 mi |
G 7885 W Flamingo Road 1079 Sold | $242,000 | 2 | 2 | 934 | $259 | 0.3 mi |
H 7950 FLAMINGO Road 1092 Sold | $235,000 | 2 | 2 | 1,023 | $230 | 0.1 mi |
I 7950 W Flamingo Road 1169 Pending | $230,000 List Price | 2 | 2 | 1,023 | $225 | 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 1993, the property is over 30 years old. While it features excellent recent upgrades including brand-new luxury vinyl plank flooring and a new HVAC system (<1 year old), the kitchen and bathrooms remain dated with original oak cabinetry and white tile countertops. It is well-maintained and move-in ready, but the core wet areas require cosmetic updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Recent High-Value Upgrades
The property features brand-new luxury vinyl plank flooring and an HVAC system less than a year old, providing immediate modern appeal and reducing near-term maintenance expenses.
- Prime Ground-Floor Accessibility
The ground-floor location combined with assigned covered parking at the community entrance offers exceptional convenience and ease of access for residents.
- Functional Split-Bedroom Layout
The well-designed split floor plan places bedrooms on opposite sides of the living area, maximizing privacy for roommates or guests in a compact footprint.
CONSRISKS & DEFICIENCIES
- Aging Community Infrastructure
Built in 1993, the community may face upcoming capital improvement needs or higher maintenance requirements for older common area elements.
- Modest School Ratings
The assigned middle and high schools have lower performance ratings (5 and 4 respectively), which may limit the property's appeal to families prioritizing education.
About 7950 West Flamingo Road 1178
***BRAND-NEW luxury vinyl plank flooring plus *** HVAC system less than one year old *** provide modern style and peace of mind. First floor, 2-bedroom 2-full bath condo perfectly positioned at the entrance of Rain Tree West for quick and easy access. Open living and dining area with fireplace. A split-layout offers privacy with spacious bedrooms and baths on opposite sides of the home. Includes ceiling fans, blinds & a designated covered parking space. Relax on your private patio or take a dip in the pool/spa directly adjacent to your front door. This peaceful, beautifully landscaped community offers three swimming pools/spas, ample guest parking, and an HOA covering WATER, SEWER and TRASH. Located in the heart of Spring Valley. Schedule a showing today!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1993
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $200 / Month
Neighborhood Insights
Las Vegas Unified Schools
Roger M Bryan Elementary School
Grades PK-5 • 0.4 mi
6/10
Clifford J Lawrence Junior High School
Grades 6-8 • 1.2 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 | 1,023 | 1,059.468 |
| Lot Size | - | 6,055.359 |
| Price | $225.0K | $225.8K |
| Price per sq ft | $220 | $213 |
| Built year | 1993 | 1996 |
| HOA | $200 | $254 |
| Days on market | 49 | 71 |
Pricing History
Listed for Sale
Aug 27, 2026
$225,000
$230,000
-2% Price Drop
Initial Listing
Price Change
Jul 20, 2026
$230,000
Initial Listing