
Las Vegas, NV 89134
This Luxury Value-Add Estate in the prestigious Tournament Hills community is listed at $3,500,000, reflecting the premium nature of its Summerlin location against a $3,109,870 Fair Market Value. As a high-capacity Asset, the property offers Strip and TPC Golf Course views, a six-car garage, and a Fair Condition Rating, providing a clear canvas for modernization. The 7,392 sq ft residence includes a pool, deck, and patio, with an inherited lease ensuring immediate rental income. This is an ideal acquisition for Buy-and-Hold Investors or Luxury Renovators.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1008 Trophy Hills Drive Subject | $3,500,000* List Price | 6 | 8 | 7,392 | $421 | - |
A 1401 Iron Hills Lane Sold | $2,920,000 | 6 | 7 | 8,054 | $363 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1997, this 27-year-old property falls into the 'Fair' category as it exceeds the 20-year threshold without a comprehensive modern renovation. While the home is grand and well-maintained, the interior images reveal dated 1990s-era aesthetics, including original kitchen cabinetry, heavy traditional window treatments, and older carpet styles. The listing description confirms it is a 'canvas for discerning buyers to personalize or modernize,' indicating that while functional, the systems and finishes are due for updates to meet current luxury standards.
Situated in the exclusive guard-gated Tournament Hills of Summerlin, this estate offers highly coveted views of the TPC Golf Course and the Las Vegas Strip.
The massive 7,392 sq ft floor plan features six en-suite bedrooms, a separate Casita, dual home offices, and a rare six-car garage, providing unparalleled versatility.
The half-acre lot includes a private, maturely landscaped backyard with a resurfaced pool and a built-in BBQ bar area, perfect for high-end entertaining.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 7392, other record living area = 6536. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 5.
The property is currently rented and requires the buyer to inherit the existing lease, making it unsuitable for buyers seeking immediate owner-occupancy.
While featuring timeless craftsmanship, the 1997 build is noted as a 'canvas for personalization,' suggesting that updates are likely needed to meet modern luxury standards.
Rare opportunity in prestigious Tournament Hills in LAS VEGAS in the heart of Summerlin. This 7,392 sq ft, half acre lot, custom estate offers 6-en-suite bedrooms, 6-car garage, circular driveway, dual home offices, and Casita. Soaring ceilings, Strip views and views of the coveted TPC Gold Course and a serene primary suite with sitting room, steam shower, and balcony define the luxury. Very private backyard features a resurfaced pool, mature landscaping, and built-in BBQ & bar area. While the home showcases timeless craftsmanship and classic design, it also offers a canvas for discerning buyers to personalize or modernize to taste. Guard-gated community with premier golf course and private school access. Casita (guest house) is perfect as mother-in-law quarters, guest house, pool house or office. Tour this property located in beautiful and highly sort after Tournament Hills development. THIS PROPERTY IS CURRENTLY RENTED.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 2.0 | 99% |
| Baths | 8.0 | 2.0 | 100% |
| Square foot | 7,392 | 1,655.5 | 99% |
| Lot Size | 24,829 | 7,405 | 99% |
| Price | $3.50M | $437.5K | 100% |
| Price per sq ft | $473 | $272 | 95% |
| Built year | 1997 | 1994 | 74% |
| HOA | $838 | $134 | 96% |
| Days on market | 204 | 636 | 21% |
Nov 14, 2025
$3,500,000
Initial Listing
Apr 28, 1995
$187,000
Public Record