11872 Pelican Butte Avenue, Las Vegas, NV 89138, Las Vegas, 89138 - 4 bed, 3 bath
Loading property details...
11872 Pelican Butte Avenue
Las Vegas, NV 89138
ACTIVE
CONDITION: EXCELLENT
4Beds
3Baths
2,002Sq Ft
3,485Lot Size
Property Price
LIST PRICE$608,000
EST. MARKET VALUE
$628,937
3% BelowMARKET VALUE
SUMMARY
This Turnkey Single Family Residence is a Prime Investment Opportunity, listed at $608,000—positioned well below the $628,937 Fair Market Value by 3%. This valuation gap offers $20,937 in Instant Equity for the buyer. Boasting an Excellent Condition Rating (built in 2022), the home features modern quartz finishes, 9-foot ceilings, and a balcony with sweeping Strip views. Located in a gated Summerlin community, this property is an ideal match for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready, high-lifestyle asset.
Estimated Market Value
$628,937+$20,937 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Las Vegas.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11872 Pelican Butte Avenue Subject | $608,000* List Price | 4 | 3 | 2,002 | $314 | - |
A 1449 Great Snipe Avenue Sold | $646,173 | 4 | 3 | 2,255 | $287 | 0.6 mi |
B 1606 Rock Kestrel Street Sold | $575,000 | 4 | 3 | 2,068 | $278 | 0.8 mi |
C 1467 Great Snipe Avenue Sold | $663,440 | 4 | 4 | 2,405 | $276 | 0.6 mi |
D 1474 Great Snipe Street Sold | $672,000 | 4 | 4 | 2,405 | $279 | 0.6 mi |
E 11654 Gambels Quail Avenue Sold | $660,000 | 4 | 4 | 2,250 | $293 | 0.7 mi |
F 11717 Stone Curlew Avenue Sold | $558,000 | 3 | 3 | 1,806 | $309 | 0.6 mi |
G 1537 Little Penguin Street Sold | $588,000 | 3 | 4 | 2,144 | $274 | 0.7 mi |
H 1725 N Desert Foothills Drive Sold | $639,950 | 3 | 4 | 2,030 | $315 | 0.9 mi |
I 11840 Pelican Butte Avenue Active | $725,000 List Price | 4 | 3 | 2,002 | $362 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Built in 2022, this property is only 2 years old and in mint condition. The kitchen features modern white cabinetry and quartz countertops, and all major systems (HVAC, electric) are nearly new, requiring no maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Views
Situated in the highly desirable Summerlin area, this home offers a balcony with sweeping views of the Las Vegas Strip, city lights, and surrounding mountains, providing a premium living experience.
- Modern Construction & Upgrades
Built in 2022, the property features high-end structural upgrades including 9-foot ceilings, a 12-foot center-meet sliding glass door for natural light, and energy-efficient insulated interior walls and garage.
- Turnkey Condition
This owner-occupied residence is gently lived in and move-in ready, complete with practical pre-installed features like a soft water loop, added lighting, and pre-wiring for ceiling fans in six rooms.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3485, other record lot size in square feet = 3271.
- Limited Lot Size
The lot size of 3,485 square feet is relatively compact for a single-family residence, which may limit private outdoor space and backyard activities for some buyers.
- HOA & Gated Restrictions
While providing security and amenities, the gated community setting involves monthly association fees and adherence to CC&Rs, which can restrict certain homeowner modifications or parking flexibility.
About 11872 Pelican Butte Avenue
Improved Price! Exceptional Value Beyond the Listing Price! This home offers so much more than the listing price suggests. From the location to the thoughtful upgrades, it’s a rare find in the heart of Summerlin. Gated community with beautiful parks at your "doorstep" - community park, trails & parks, Grand Village Park. Relax on the balcony and enjoy the sweeping views of the Strip, city lights ,nearby park, and surrounding mountains. Some features you just can’t add later, and this home already has them: insulated interior walls and garage, 9-foot ceilings, and a 12-foot center meet sliding glass door that brings in tons of natural light. Pre-wired for ceiling fans in six rooms, added lighting in the primary bedroom and living room, and a soft water loop already in place. Owner-occupied and gently lived in. Move-in ready with a layout and upgrades designed for everyday comfort. **Added - this lovely home has a walking distance to Grand Village Park.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2022
- Lot Size
- 3,485 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $60 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,002 | 1,961.945 |
| Lot Size | 3,485 | 6,098 |
| Price | $608.0K | $486.0K |
| Price per sq ft | $304 | $259 |
| Built year | 2022 | 2002 |
| HOA | $60 | $83 |
| Days on market | 11 | 62 |
Pricing History
Listed for Sale
Aug 29, 2026
$608,000
Initial Listing