
Las Vegas, NV 89128
This property presents a High-Potential Investment Opportunity with a List Price of $209,900—positioned above the $190,842 Fair Market Value. While the property requires updates, its Condition Rating of 5 and 1987 build date offer a clear path for value-add renovations. The unit features a stone fireplace and a functional first-floor layout near the community pool. Located in the 89128 area, it provides proximity to Summerlin amenities and local schools. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a project to build long-term equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1120 Observation Drive 101 Subject 2 bd · 2 ba · 912 sqft · $206 | $209,900* List Price | 2 | 2 | 912 | $206 | - |
A 1017 Falconhead Lane 102 Sold 2 bd · 2 ba · 912 sqft · $181 · 0.3 mi | $165,000 | 2 | 2 | 912 | $181 | 0.3 mi |
B 1505 Cedar Rock Lane 201 Sold 2 bd · 2 ba · 912 sqft · $203 · 0.4 mi | $185,000 | 2 | 2 | 912 | $203 | 0.4 mi |
C 929 Sulphur Springs Lane 202 Sold 2 bd · 2 ba · 1,136 sqft · $220 · 0.3 mi | $250,000 | 2 | 2 | 1,136 | $220 | 0.3 mi |
D 1340 Pinto Rock Lane 201 Sold 2 bd · 2 ba · 1,136 sqft · $176 · 0.4 mi | $199,950 | 2 | 2 | 1,136 | $176 | 0.4 mi |
E 7940 Decker Canyon Drive 201 Sold 2 bd · 2 ba · 1,136 sqft · $195 · 0.4 mi | $222,000 | 2 | 2 | 1,136 | $195 | 0.4 mi |
F 1830 North Buffalo Drive 1007 Sold 2 bd · 2 ba · 1,062 sqft · $235 · 0.6 mi | $250,000 | 2 | 2 | 1,062 | $235 | 0.6 mi |
G 1325 Keifer Lane 201 Sold 2 bd · 2 ba · 1,192 sqft · $173 · 0.2 mi | $206,000 | 2 | 2 | 1,192 | $173 | 0.2 mi |
H 1105 SULPHUR SPRINGS Lane 102 Active 2 bd · 2 ba · 912 sqft · $285 · 0.2 mi | $259,900 List Price | 2 | 2 | 912 | $285 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1987 (37 years old) with no evidence of recent renovations. The kitchen and bathrooms appear original, featuring dated oak cabinetry, white appliances, and fluorescent light boxes. The presence of popcorn ceilings and worn carpeting, combined with the age of the systems, places this in the rehab category per the provided criteria.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1799, other record lot size in square feet = 1008.
Welcome to this charming first-floor 2-bedroom, 2-bath condo offering approximately 912 square feet in the desirable 89128 area of Las Vegas. Ideally positioned near the community pool, this inviting residence combines comfortable living with a convenient location near some of the west valley's most popular shopping, dining and recreation. Step inside to a spacious living area highlighted by a beautiful stone fireplace that creates a warm and welcoming focal point. The adjoining kitchen features a breakfast bar, ample counter and cabinet space, tile flooring and an efficient layout that makes everyday living and entertaining easy. Both bedrooms are generously sized with comfortable closet space, while two full bathrooms provide added convenience and privacy. The downstairs location offers easy access without the hassle of stairs, making this floor plan especially functional. Enjoy the Las Vegas lifestyle with the community pool just steps away. Located near Buffalo Drive and Summerlin Parkway, this 89128 condo provides convenient access to Boca Park, Tivoli Village, Downtown Summerlin, shopping, restaurants, parks and major roadways connecting you throughout the Las Vegas Valley. Whether you're searching for a primary residence, low-maintenance Las Vegas home or investment opportunity, 1120 Observation Drive #101 offers an excellent combination of location, functionality and value on the west side of Las Vegas.
No exterior & parking available.
Grades PK-5 • 0.9 mi
Grades PK-5 • 1.0 mi
Grades 6-8 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 912 | 1,048.989 |
| Lot Size | 1,799 | 5,669.706 |
| Price | $209.9K | $221.6K |
| Price per sq ft | $230 | $210 |
| Built year | 1987 | 1996 |
| HOA | $256 | $254 |
| Days on market | 46 | 70 |
Sep 8, 2026
$209,900
Initial Listing