8501 W University Avenue 2089, Las Vegas, NV 89147, Las Vegas, 89147 - 2 bed, 2 bath
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Las Vegas, NV 89147
This Panoramic View Condominium is a High-Potential Investment Opportunity with a List Price of $242,500—positioned well below the $284,352 Fair Market Value by 14%. This valuation gap offers $41,852 in Instant Equity for the incoming owner. Despite a Fair Condition Rating reflecting its original 1999 finishes, the unit features unobstructed Strip and mountain views, a detached garage, and proximity to Roger M Bryan Elementary. This property represents a strategic value-add acquisition for Owner-Occupants or Buy-and-Hold Investors seeking immediate equity in a gated community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8501 W University Avenue 2089 Subject | $237,500* List Price | 2 | 2 | 890 | $247 | - |
A 8501 W University Avenue 2078 Sold | $245,000 | 2 | 2 | 1,019 | $240 | 0.1 mi |
B 7885 W Flamingo Road 2125 Sold | $180,000 | 2 | 2 | 934 | $193 | 0.8 mi |
C 7950 FLAMINGO Road 1092 Sold | $235,000 | 2 | 2 | 1,023 | $230 | 0.8 mi |
D 7950 W Flamingo Road 1092 Sold | $235,000 | 2 | 2 | 1,023 | $230 | 0.8 mi |
E 8501 W University Avenue 2084 Active | $259,999 List Price | 2 | 2 | 1,019 | $255 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1999 (25 years ago) and appears to be in well-maintained but mostly original condition. While it features some upgrades like window shutters and durable tile flooring, the kitchen and bathroom styles reflect the original construction era without evidence of recent major renovations. It meets the 'fair' criteria as an aged home that is functional but shows signs of being outdated, fitting the 25-40 year age bracket for properties without significant recent updates.
The property features rare panoramic views of both the Las Vegas Strip and the mountains from every room, significantly increasing its aesthetic appeal and resale value.
Unlike many standard condos, this unit includes both a detached garage and an assigned covered parking space, providing excellent storage and vehicle protection.
The home is move-in ready with all appliances included, durable tile flooring, and premium window shutters, reducing immediate post-purchase expenses for the buyer.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4967, other record lot size in square feet = 2260.
At 890 square feet for a two-bedroom configuration, the living areas may feel tight, potentially limiting furniture layouts and overall interior spaciousness.
Being an upstairs unit, the lack of ground-floor access may be a deterrent for buyers with mobility concerns or those who prefer easier entry for groceries and heavy items.
Charming upstairs two-bedroom, two-bath condo located within a quiet gated community. The bright and airy living and dining areas features window shutters, tile flooring and a fireplace. This condo offers a panoramic Strip view and mountain view from every room, making it a cozy place for comfortable living. All appliances are included. This unit also includes a detached garage and an assigned covered parking space. Gated community with resort-style amenities, including a sparkling pool and plenty of guest parking. EZ commute to everywhere.
No exterior & parking available.
Grades PK-5 • 0.8 mi
Grades 6-8 • 0.5 mi
Grades 9-12 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 890 | 1,023 | 12% |
| Lot Size | 4,967 | 959 | 67% |
| Price | $237.5K | $237.5K | 50% |
| Price per sq ft | $267 | $231 | 93% |
| Built year | 1999 | 1999 | 50% |
| HOA | $235 | $200 | 72% |
| Days on market | 53 | 370 | 1% |
Apr 10, 2026
$237,500
$242,500
-2% Price Drop
Initial Listing
Mar 1, 2026
$242,500
Initial Listing
Nov 18, 1998
$83,500
Public Record