12119 Red Iris Ave, Las Vegas, NV 89138, Las Vegas, 89138 - 4 bed, 3 bath
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12119 Red Iris Ave
Las Vegas, NV 89138
ACTIVE
CONDITION: EXCELLENT
4Beds
3Baths
2,425Sq Ft
3,049Lot Size
Property Price
LIST PRICE$702,950
SUMMARY
Analysis of 12119 Red Iris Ave, Las Vegas, NV 89138 is currently available with a list price of $702,950. 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 high-end designer finishes including a gourmet kitchen with quartz countertops, maple cabinets, and stainless steel appliances. Systems are brand new, including a smart thermostat and soft water loop, requiring zero maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Designer Upgrades
This brand-new 2026 Richmond American home features high-end finishes including a gourmet kitchen with GE stainless-steel appliances, premier maple cabinets, quartz countertops, and smart home technology throughout.
- Prime Summerlin Location
Located in the highly desirable Summerlin Village 25 (Iris Glen), the property offers the prestige and lifestyle amenities of one of Las Vegas's premier master-planned communities.
- Spacious Functional Layout
With 4 bedrooms and 2,425 square feet of living space, this townhouse provides a generous footprint and utility comparable to many detached single-family homes in the area.
CONSRISKS & DEFICIENCIES
- Minimal Lot Size
The 3,049 square foot lot is relatively small, offering limited private outdoor space and yard utility, which is a common trade-off for townhouse living.
- Extended Days on Market
Having spent 148 days on the market with ten consecutive price reductions, the property has faced challenges in finding its market value, which may affect future resale perception.
About 12119 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/slate 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 faucet, add'l. ceiling fan prewires and lighting, upgraded stainless-steel bathroom faucets and accessories, upgraded carpet and ceramic tile flooring throughout; two-tone interior paint, upgraded interior trim pkg., black iron stair rails, laundry cabinets, 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 | 2,425 | 1,414.01 |
| Lot Size | 3,049 | 2,178 |
| Price | $703.0K | $333.8K |
| Price per sq ft | $290 | $236 |
| Built year | 2026 | 1997 |
| HOA | $69 | $202 |
| Days on market | 157 | 70 |
Pricing History
Listed for Sale
Jul 21, 2026
$702,950
$712,950
-1% Price Drop
Initial Listing
Price Change
Jul 9, 2026
$712,950
$722,950
-1% Price Drop
Initial Listing
Price Change
Jun 9, 2026
$722,950
$732,950
-1% Price Drop
Initial Listing
Price Change
Jun 5, 2026
$732,950
$742,950
-1% Price Drop
Initial Listing
Price Change
May 29, 2026
$742,950
$747,993
-1% Price Drop
Initial Listing
Price Change
May 19, 2026
$747,993
$750,793
+0% Price Increase
Initial Listing
Price Change
May 5, 2026
$750,793
$750,774
+0% Price Increase
Initial Listing
Price Change
Apr 28, 2026
$750,774
$750,853
+0% Price Increase
Initial Listing
Price Change
Apr 15, 2026
$750,853
$749,853
+0% Price Increase
Initial Listing
Price Change
Apr 5, 2026
$749,853
Initial Listing