Arvin Anderson sold a one-bedroom, 1.5-bath condo at 4381 W. Flamingo Road in Paradise to Vellano Development and Management, Inc., for $565,000 on March 5.

Anderson paid $639,200 for the property in 2008.

The 1,220-square-foot Unit #801 is in the Palms Place condominium, which was built in 2007.

Anderson is a real estate agent at the Las Vegas office of Keller Williams. He has been in the real estate industry for three years.

There were 4,895 condo sales in Paradise in 2008, with a median sales price of $180,591.

Address: 4381 Flamingo Road, Unit: 801
Buyer(s): Vellano Development And Management Inc
Seller(s): Arvin Anderson
Sale date: Mar. 5, 2009