1112 Observation Drive 201, Las Vegas, NV 89128, Las Vegas, 89128 - 2 bed, 2 bath
1112 Observation Drive 201
Las Vegas, NV 89128
Property Price
SUMMARY
Analysis of 1112 Observation Drive 201, Las Vegas, NV 89128 is currently available with a list price of $234,900. 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.
Although built in 1987, the property has undergone an extensive top-to-bottom renovation within the last 5 years, meeting the criteria for 'excellent.' The interior features brand new white shaker cabinets, modern quartz countertops, and stainless steel appliances in the kitchen. The home is move-in ready with updated bathroom vanities, recessed lighting, and high-quality laminate and tile flooring throughout with no carpet, showing no signs of deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Comprehensive Modern Renovations
The unit features a complete top-to-bottom renovation including quartz countertops, white shaker cabinets, and stainless steel appliances, offering a move-in-ready experience with contemporary finishes.
- Premium Low-Maintenance Flooring
With a mix of wood-look laminate and tile and absolutely no carpet, the home is ideal for durability, easy cleaning, and modern aesthetic appeal.
- Prime Location Near Summerlin
Situated just minutes from the highly desirable Summerlin area, the property provides convenient access to premier shopping, dining, and entertainment hubs.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1987, the property may face challenges associated with older community infrastructure and building systems despite the high-quality interior updates.
- Mixed School Ratings
While the secondary schools are well-rated, the assigned elementary schools have lower ratings (2 and 4), which may be a concern for families with young children.
About 1112 Observation Drive 201
Fully Renovated 2-Bed/2-Bath Condo Near Summerlin! Step into style and comfort with this beautifully renovated condo located just minutes from Summerlin! This 2-bedroom, 2-bathroom home has been upgraded from top to bottom, featuring brand new white shaker cabinets, sleek quartz countertops, and stainless steel appliances in a modern, open kitchen. Enjoy durable and stylish wood/laminate and tile flooring throughout—no carpet anywhere! Additional highlights include updated vanities, recessed lighting, and a thoughtful layout that maximizes space and natural light. The unit also includes a private storage unit, covered parking, and access to a community pool and spa—perfect for relaxing after a long day. Conveniently located near shopping, restaurants, bars, gyms, and everything you need. This one won’t last—schedule your tour today and make it yours! Welcome home!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1987
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $258 / Month
Neighborhood Insights
Las Vegas Unified Schools
Edythe & Lloyd Katz Elementary School
Grades PK-5 • 0.9 mi
James B Mcmillan Elementary School
Grades PK-5 • 1.0 mi
Walter Johnson Junior High School
Grades 6-8 • 1.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 912 | 1,050 | 28% |
| Lot Size | - | 981 | 44% |
| Price | $234.9K | $200.0K | 69% |
| Price per sq ft | $258 | $210 | 93% |
| Built year | 1987 | 1994 | 3% |
| HOA | $258 | $181 | 74% |
| Days on market | 304 | 744 | 39% |
Pricing History
Listed for Sale
May 7, 2025
$234,900
Initial Listing
Sold
Mar 24, 1994
$64,500
Public Record