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    5216 Mandalay Springs Dr, Unit 204 Las Vegas, NV 89120

    For Sale
    $245,000

    Spacious 3-bedroom condo in gated community near Las Vegas Strip.

    Property size:
    1,190 SF
    Lot size:
    0.11 Acres

    Property Features for 5216 Mandalay Springs Dr

    General Information

    Size
    1,190 SF
    Lot size
    0.11 Acres

    Building Details

    Year built
    1995

    Source: Keller Williams Realty The Marketplace Agent Felicia Martin Unzueta

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Las Vegas Condo Near Strip

    This spacious condo features 3 bedrooms and 2 bathrooms, situated within a gated community near the historic heart of Las Vegas. Its location provides convenient access to the Strip, UNLV, and the airport. The property includes a private balcony. The interior features an open layout and a fireplace. Upgrades include an A/C unit replaced within the last 5 years and a new water heater installed in 2024, along with a new stove and microwave. All appliances are included. Community amenities feature a pool and spa. The property size is 1190 square feet.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.109133
    Latitude
    36.09473

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    FAQs

    What type of property is this?
    Apartment building - Spacious 3-bedroom condo in gated community near Las Vegas Strip.
    Where is this apartment building located?
    The property is located at 5216 Mandalay Springs Dr, Unit 204 Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $245,000.
    What are key features of this property?
    This property features: - Prime Location: Minutes from the Las Vegas Strip, UNLV, and the airport.; - Recent Upgrades: Enjoy a new water heater (2024), stove, and microwave.; - Gated Community: Offers security and exclusivity.
    (702) 460-0795
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    5216 Mandalay Springs Dr, Unit 204 Las Vegas, NV 89120
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5216 Mandalay Springs Dr, Unit 204 Las Vegas, NV 89120
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