12115 Red Iris Ave, Las Vegas, NV 89138, Las Vegas, 89138 - 4 bed, 3 bath
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12115 Red Iris Ave
Las Vegas, NV 89138
ACTIVE
CONDITION: EXCELLENT
4Beds
3Baths
2,450Sq Ft
3,049Lot Size
Property Price
LIST PRICE$674,950
SUMMARY
Analysis of 12115 Red Iris Ave, Las Vegas, NV 89138 is currently available with a list price of $674,950. 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
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Brand new 2026 construction in mint condition. Features a gourmet kitchen with quartz countertops, stainless steel appliances, and modern matte black fixtures. All systems, including HVAC and smart home technology, are new with zero maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Premium Designer Upgrades
This brand-new construction features high-end finishes including a gourmet kitchen with quartz countertops, maple cabinets with soft-close features, matte black fixtures, and 9-foot ceilings with 8-foot doors throughout.
- Prime Summerlin Location
Located in the highly desirable Summerlin Village 25 (Iris Glen), the property offers the prestige and lifestyle amenities associated with one of Las Vegas's premier master-planned communities.
- Modern Smart Home Integration
The home is equipped with contemporary technology, including a smart Wi-Fi programmable thermostat, video doorbell, and home theater prewiring, ensuring energy efficiency and convenience.
CONSRISKS & DEFICIENCIES
- Extended Days on Market
The property has been active for 148 days and has undergone multiple price reductions from an initial high of nearly $720,000, which may suggest initial overpricing or softening demand in this specific segment.
- Limited Outdoor Space
With a lot size of only 3,049 square feet for a 2,450 square foot townhouse, the property offers very minimal private yard space, which may be a drawback for buyers seeking outdoor versatility.
About 12115 Red Iris Ave
*Brand New Richmond American Designer Home* - Features include - 9' ceilings w/8' doors throughout, tile tub/shower surrounds, Smart wifi programmable thermostat, soft water loop, gourmet kitchen config w/GE stainless-steel appliance pkg. w/pyramid hood, Premier maple cabinets w/painted linen finish, door hardware, soft-close features, and 42" kitchen uppers; upgraded quartz kitchen and bath countertops, tile backsplash at kitchen, upgraded stainless-steel kitchen sink and matte black faucet, add'l. ceiling fan prewires and lighting, upgraded matte black bathroom faucets and accessories, upgraded carpet and ceramic tile flooring throughout; upgraded interior trim pkg., Mission style stair rails, home theater prewire, video doorbell, + more!
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 2026
- Lot Size
- 3,049 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $69 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,450 | 1,414.01 |
| Lot Size | 3,049 | 2,178 |
| Price | $675.0K | $333.8K |
| Price per sq ft | $275 | $236 |
| Built year | 2026 | 1997 |
| HOA | $69 | $202 |
| Days on market | 157 | 70 |
Pricing History
Listed for Sale
Jul 21, 2026
$674,950
$684,950
-1% Price Drop
Initial Listing
Price Change
Jul 9, 2026
$684,950
$694,950
-1% Price Drop
Initial Listing
Price Change
Jun 9, 2026
$694,950
$704,950
-1% Price Drop
Initial Listing
Price Change
Jun 5, 2026
$704,950
$714,950
-1% Price Drop
Initial Listing
Price Change
May 29, 2026
$714,950
$719,310
-1% Price Drop
Initial Listing
Price Change
May 5, 2026
$719,310
$719,291
+0% Price Increase
Initial Listing
Price Change
Apr 15, 2026
$719,291
$719,266
+0% Price Increase
Initial Listing
Price Change
Apr 5, 2026
$719,266
Initial Listing