8501 W University Avenue 1040, Las Vegas, NV 89147, Las Vegas, 89147 - 3 bed, 2 bath
8501 W University Avenue 1040
Las Vegas, NV 89147
Property Price
SUMMARY
Analysis of 8501 W University Avenue 1040, Las Vegas, NV 89147 is currently available with a list price of $269,999. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Las Vegas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property has undergone a comprehensive recent renovation that brings it up to modern quality standards. Key updates include luxury flooring throughout, fresh paint, and upgraded baseboards. The kitchen is fully modernized with premium quartz countertops, contemporary light gray cabinetry, and stainless steel appliances. While the structure dates to 1999, the extensive interior refresh and lack of deferred maintenance qualify it for an excellent condition rating.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Interior Renovations
The unit has been recently refreshed with luxury flooring, upgraded baseboards, and a modernized kitchen featuring premium quartz countertops and contemporary cabinetry.
- Desirable Ground-Floor Layout
As a downstairs three-bedroom unit, this property offers excellent accessibility and a spacious floor plan that includes a cozy fireplace and a large master walk-in closet.
- Community Amenities and Value
Residents enjoy premium community features including a swimming pool and assigned covered parking, all maintained within a desirable neighborhood with a reasonable HOA fee.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6099, other record lot size in square feet = 2260.
- Aging Building Systems
With a construction date of 1999, the property's core mechanical systems and infrastructure may be nearing the end of their typical lifespan despite the cosmetic upgrades.
- Mediocre School Ratings
The assigned public schools, particularly the high school with a rating of 4, may be a drawback for families prioritizing high-performing educational districts.
About 8501 W University Avenue 1040
THREE-BEDROOM GEM LOCATED WITHIN THE HIGHLY DESIRABLE FIESTA CONDO COMMUNITY. MAINTAINED IN EXCELLENT CONDITION, THIS DOWNSTAIRS UNIT HAS BEEN RECENTLY REFRESHED W/ FRESH PAINT AND UPGRADED BASEBOARDS COMPLEMENTED BY STYLISH LUXURY FLOORING THROUGHOUT. THE HEART OF THE HOME FEATURES AN INVITING LIVING ROOM WITH A COZY FIREPLACE AND A MODERNIZED KITCHEN BOASTING LIGHT GRAY CABINETS AND PREMIUM QUARTZ COUNTERTOPS. RETREAT TO THE SPACIOUS MASTER SUITE, WHICH INCLUDES A GENEROUS WALK-IN CLOSET FOR ALL YOUR STORAGE NEEDS. LIFE AT FIESTA CONDO IS ELEVATED BY PREMIUM AMENITIES, INCLUDING ASSIGNED COVERED PARKING, A SPARKLING SWIMMING POOL, AND BEAUTIFULLY MAINTAINED COMMON AREAS THAT MAKE COMING HOME A TRUE PLEASURE.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1999
- Lot Size
- 6,099 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $235 / Month
Neighborhood Insights
Las Vegas Unified Schools
Roger M Bryan Elementary School
Grades PK-5 • 0.9 mi
Clifford J Lawrence Junior High School
Grades 6-8 • 0.5 mi
Spring Valley High School
Grades 9-12 • 1.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 89% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,090 | 1,030.5 | 58% |
| Lot Size | 6,099 | 1,068 | 71% |
| Price | $270.0K | $227.2K | 63% |
| Price per sq ft | $248 | $233 | 71% |
| Built year | 1999 | 1999 | 50% |
| HOA | $235 | $230 | 68% |
| Days on market | 56 | 252 | 3% |
Pricing History
Listed for Sale
Jan 10, 2026
$269,999
Initial Listing