12123 Red Iris Ave, Las Vegas, NV 89138, Las Vegas, 89138 - 4 bed, 3 bath
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12123 Red Iris Ave
Las Vegas, NV 89138
ACTIVE
CONDITION: EXCELLENT
4Beds
3Baths
2,450Sq Ft
3,049Lot Size
Property Price
LIST PRICE$689,950
SUMMARY
Analysis of 12123 Red Iris Ave, Las Vegas, NV 89138 is currently available with a list price of $689,950. 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 and stainless-steel appliances, upgraded bathrooms, and new energy-efficient systems including a smart thermostat and soft water loop.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Summerlin Location
Situated in the highly sought-after Summerlin Village 25, this property offers access to top-tier amenities, excellent schools, and a prestigious master-planned community lifestyle.
- Premium Designer Finishes
This brand-new Richmond American home features high-end upgrades including a gourmet kitchen with GE stainless-steel appliances, quartz countertops, and 9-foot ceilings with 8-foot doors.
- Spacious Modern Layout
With 2,450 square feet and a 4-bedroom, 3-bathroom configuration, this townhouse provides the generous living space of a single-family home with the convenience of low-maintenance living.
CONSRISKS & DEFICIENCIES
- Extended Market Time
The property has been on the market for 147 days and has undergone nine price reductions, which may indicate a struggle to find value alignment in the current market.
- Limited Outdoor Space
The 3,049-square-foot lot size is relatively small for a home of this square footage, offering minimal private yard space for outdoor activities or gardening.
About 12123 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 faucet, add'l. ceiling fan prewires and lighting, upgraded stainless-steel bathroom faucets and accessories, upgraded carpet and ceramic tile flooring throughout; upgraded interior trim pkg., Mission style 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 | 2,450 | 1,414.01 |
| Lot Size | 3,049 | 2,178 |
| Price | $690.0K | $333.8K |
| Price per sq ft | $282 | $236 |
| Built year | 2026 | 1997 |
| HOA | $69 | $202 |
| Days on market | 156 | 70 |
Pricing History
Listed for Sale
Jul 21, 2026
$689,950
$699,950
-1% Price Drop
Initial Listing
Price Change
Jul 9, 2026
$699,950
$709,950
-1% Price Drop
Initial Listing
Price Change
Jun 9, 2026
$709,950
$719,950
-1% Price Drop
Initial Listing
Price Change
Jun 5, 2026
$719,950
$729,950
-1% Price Drop
Initial Listing
Price Change
May 29, 2026
$729,950
$735,998
-1% Price Drop
Initial Listing
Price Change
May 19, 2026
$735,998
$738,998
+0% Price Increase
Initial Listing
Price Change
May 5, 2026
$738,998
$738,979
+0% Price Increase
Initial Listing
Price Change
Apr 15, 2026
$738,979
$737,979
+0% Price Increase
Initial Listing
Price Change
Apr 6, 2026
$737,979
Initial Listing