7950 West Flamingo Road 2048, Las Vegas, NV 89147, Las Vegas, 89147 - 2 bed, 2 bath
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7950 West Flamingo Road 2048
Las Vegas, NV 89147
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,023Sq Ft
0Lot Size
Property Price
LIST PRICE$220,000
EST. MARKET VALUE
$234,299
6% BelowMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is listed at a List Price of $225,000, positioned well below the $233,861 Fair Market Value by 3%. This valuation gap offers $8,861 in Instant Equity. Featuring a Fair Condition Rating, the unit includes Quartz Kitchen Countertops, a Las Vegas Strip View, and Community Pool/Spa access. Located near Spring Valley High School, this turnkey asset is ideal for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance, well-located property in Southwest Las Vegas.
Estimated Market Value
$234,299+$14,299 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 2048 Subject | $220,000* List Price | 2 | 2 | 1,023 | $229 | - |
A 7950 West Flamingo Road 2088 Sold | $219,999 | 2 | 2 | 1,023 | $215 | 0.1 mi |
B 7885 W Flamingo Road 1071 Sold | $250,000 | 2 | 2 | 934 | $268 | 0.3 mi |
C 7885 W Flamingo Road 1079 Sold | $242,000 | 2 | 2 | 934 | $259 | 0.4 mi |
D 7950 FLAMINGO Road 1092 Sold | $235,000 | 2 | 2 | 1,023 | $230 | 0.1 mi |
E 7950 W FLAMINGO Road 2168 Sold | $165,000 List Price | 2 | 2 | 1,023 | 0.1 mi | |
F 7950 W Flamingo Road 1092 Sold | $235,000 | 2 | 2 | 1,023 | $230 | 0.1 mi |
G 7950 West Flamingo Road 2123 Sold | $212,000 | 2 | 2 | 1,023 | $207 | 0.1 mi |
H 7570 W Flamingo Road 122 Sold | $250,000 | 2 | 2 | 1,023 | $244 | 0.5 mi |
I 7950 W Flamingo Road 1041 Pending | $214,000 List Price | 2 | 1 | 929 | $230 | 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 1995 (29 years old), the property falls into the 'Fair' category due to its age. While it features recent cosmetic updates such as quartz countertops and stainless steel appliances, the kitchen cabinetry and bathroom shower tile appear original and dated. The unit is well-maintained and move-in ready, but requires further modernization to be considered 'Good' or 'Excellent'.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Views
The property features rare dual views of both the Las Vegas Strip and the community pool, significantly enhancing its aesthetic appeal and marketability.
- High Affordability
Positioned as one of the lowest-priced units in a gated Southwest community, the $240 HOA fee offers excellent value by including water, sewer, and trash services.
- Turnkey Interior
The unit is move-in ready with modern quartz countertops and a clean, upstairs layout, making it an ideal choice for immediate occupancy or as a low-maintenance investment.
CONSRISKS & DEFICIENCIES
- Inconsistent Pricing Strategy
Recent price increases after 51 days on the market may create friction with buyers and extend the total time on market.
- Aging Infrastructure
Built in 1995, the property may lack the energy efficiency and contemporary building standards found in newer developments within the Southwest submarket.
About 7950 West Flamingo Road 2048
Sellers is super motivated and very happy to help the buyers for escrow closing fee! WOW! LAS VEGAS STRIP VIEW & SWIMMING POOL VIEW FROM YOUR WINDOWS!!! **HURRY — END OF THE SUMMER DEAL! MOVE-IN READY!** One of the **lowest-priced condos in a GATED community** in Southwest Las Vegas! 2 Bedrooms + 2 Bathrooms Super clean upstairs unit Quartz kitchen countertops Fireplace, ceiling fans & blinds Community pool & spa Water, sewer & trash included in HOA Plenty of guest parking Conveniently located near **shopping, schools, parks, transportation, and the Las Vegas Strip**. **Why keep renting when you could own?** Great opportunity for a first-time buyer or investor. **Priced to sell — don’t wait until it’s gone!** This condo is un-furnished, many photos are virtually staged, for illustrations purpose only! Sellers are listing agent's ex-wife and son. Seller is also the listing broker of the company.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1995
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $240 / Month
Neighborhood Insights
Las Vegas Unified Schools
Roger M Bryan Elementary School
Grades PK-5 • 0.5 mi
6/10
Clifford J Lawrence Junior High School
Grades 6-8 • 1.3 mi
5/10
Spring Valley High School
Grades 9-12 • 0.3 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 | $220.0K | $225.8K |
| Price per sq ft | $215 | $213 |
| Built year | 1995 | 1996 |
| HOA | $240 | $254 |
| Days on market | 61 | 71 |
Pricing History
Listed for Sale
Aug 31, 2026
$220,000
$225,000
-2% Price Drop
Initial Listing
Price Change
Aug 30, 2026
$225,000
$212,000
+6% Price Increase
Initial Listing
Price Change
Aug 5, 2026
$212,000
$215,000
-1% Price Drop
Initial Listing
Price Change
Jul 10, 2026
$215,000
Initial Listing
Sold
Aug 31, 1994
$83,000
Public Record