1124 Milpas Lane, Las Vegas, NV 89134, Las Vegas, 89134 - 3 bed, 3 bath
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Las Vegas, NV 89134
This Value-Add Summerlin Residence offers a strategic entry into a premier gated community with a List Price of $433,000, matching its $433,000 Fair Market Value. As the most affordable 3-bedroom option in the 89134 zip code, the home features a Condition Rating of 4, signaling significant upside through cosmetic personalization. The layout includes a flexible den and a private patio, while the community provides a pool and access to top-rated schools like Palo Verde High and Ernest Becker Middle. This is a prime opportunity for Owner-Occupants looking to build equity or Buy-and-Hold Investors seeking a high-demand asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1124 Milpas Lane Subject | $433,000* List Price | 3 | 3 | 1,649 | $263 | - |
A 925 Toro Canyon Lane Sold | $450,000 | 3 | 3 | 1,649 | $273 | 0.1 mi |
B 925 TORO CANYON Lane Sold | $450,000 | 3 | 3 | 1,649 | $273 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1998, the property is functional and well-maintained but shows signs of its age and requires cosmetic updating throughout to meet modern standards. While it features a newer HVAC system and updated laminate flooring in the main living areas, the brown carpeting on the stairs and standard interior finishes indicate that no comprehensive renovation has been performed recently.
This property is the only 3-bedroom home currently available in the highly desirable 89134 Summerlin zip code at this price point, offering a rare entry-level opportunity.
Located in a gated community with a pool and spa, the home is in close proximity to Downtown Summerlin, Las Vegas Ballpark, and top-rated schools, ensuring a high quality of life.
The floor plan offers significant versatility, including a den space and an oversized primary suite with potential for a fourth bedroom or home office, allowing buyers to add value through customization.
The property requires cosmetic updating throughout, which will necessitate an additional immediate investment from the buyer to modernize the interior finishes.
With a lot size of just over 3,000 square feet, the outdoor space is relatively small, which may be a drawback for those seeking a large private backyard.
Located in the gated Santa Barbara community of Summerlin, this two-story 3-bedroom, 2.5-bath home offers a rare opportunity to own in one of Las Vegas’ most desirable areas at an exceptional value. The home features a newer HVAC system, a combined living and dining area, and a kitchen that opens to a space originally designed as a den—ideal for flexible use. The oversized primary bedroom includes an expansive closet with potential for a home office, retreat, or possible fourth bedroom. With cosmetic updates, this property offers a great opportunity to personalize and add value. Currently the only 3-bedroom home in a gated community within Summerlin zip codes at this price. Residents enjoy access to a community pool and spa, plus close proximity to Downtown Summerlin, Las Vegas Ballpark, City National Arena, parks, shopping, and dining. West-facing and conveniently located near the mailbox, pool, and guest parking.
No exterior & parking available.
Grades PK-5 • 1.2 mi
Grades 6-8 • 1.2 mi
Grades 9-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 56% |
| Baths | 3.0 | 2.0 | 66% |
| Square foot | 1,649 | 1,784 | 39% |
| Lot Size | 3,049 | 7,405 | 1% |
| Price | $433.0K | $440.0K | 47% |
| Price per sq ft | $263 | $280 | 44% |
| Built year | 1998 | 1994 | 86% |
| HOA | $70 | $137 | 42% |
| Days on market | 138 | 612 | 11% |
Dec 5, 2025
$433,000
Initial Listing
Jan 17, 2013
$18,500
Public Record
Feb 20, 1998
$123,000
Public Record