124 Water Hazard Lane, Las Vegas, NV 89148, Las Vegas, 89148 - 3 bed, 3 bath
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Las Vegas, NV 89148
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $475,000—positioned well above the $395,100 Fair Market Value by 20%. While the property requires a strategic approach, it offers a functional layout with a Granite Kitchen and a Fair Condition Rating due to its 21-year-old original finishes. Located in the guard-gated Rhodes Ranch, residents benefit from extensive community amenities. This property is best suited for Buy-and-Hold Investors or Owner-Occupants looking to renovate and build long-term value in a secure, amenity-rich neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 124 Water Hazard Lane Subject | $475,000* List Price | 3 | 3 | 1,819 | $217 | - |
A 576 FOSTER SPRINGS Road Sold | $509,999 | 3 | 3 | 2,021 | $252 | 0.4 mi |
B 25 Augusta Course Avenue Sold | $450,000 | 3 | 3 | 1,745 | $258 | 0.5 mi |
C 265 Rolling Springs Drive Sold | $340,000 List Price | 3 | 3 | 1,810 | 0.5 mi | |
D 271 TAYMAN PARK Avenue Sold | $518,000 | 3 | 3 | 2,071 | $250 | 0.5 mi |
E 187 Wicked Wedge Way Sold | $450,000 List Price | 4 | 3 | 1,829 | 0.3 mi | |
F 180 Duck Hollow Avenue Sold | $520,000 List Price | 4 | 3 | 2,063 | 0.6 mi | |
G 181 Short Ruff Way Active | $470,000 List Price | 3 | 3 | 1,820 | $258 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2005, the property is 21 years old and appears to retain most of its original finishes. While the kitchen features granite and stainless steel, the overall aesthetic (cabinetry, tile, and carpet) is dated and consistent with the year of construction. Per the criteria, homes over 20 years old without recent renovations are classified as fair, as they typically require minor updates to meet modern standards.
Located in the prestigious Rhodes Ranch, the property offers residents access to high-end amenities including a water park, fitness center, and sports courts, all within a secure guard-gated environment.
The kitchen is equipped with desirable granite countertops and stainless steel appliances, providing a contemporary and functional space that appeals to modern buyers.
The floor plan intelligently places all bedrooms on the upper level, ensuring a clear separation between private living quarters and the main entertaining areas on the first floor.
While some elementary options are highly rated, the assigned high school has a lower rating of 4, which may be a concern for families prioritizing long-term educational consistency.
At 3,920 square feet, the lot is relatively small for a detached residence, which may limit options for significant outdoor expansion or large-scale landscaping projects.
Located in the sought-after guard-gated community of Rhodes Ranch, this spacious 2-story home offers over 1,800 sq ft with 3 bedrooms and a functional layout designed for comfortable living. All bedrooms are conveniently located upstairs, providing added privacy from the main living spaces below. The kitchen features granite countertops, stainless steel appliances, a pantry, and ample cabinetry for plenty of storage and prep space. Generous living and dining areas make entertaining easy, while natural light adds to the home’s warm and inviting feel. Step outside to a large backyard with plenty of room to relax, entertain, or customize to your lifestyle. Residents of Rhodes Ranch enjoy access to exceptional community amenities including pools, parks, fitness facilities, walking trails, sports courts, and more!
No exterior & parking available.
Grades PK-5 • 1.2 mi
Grades PK-5 • 1.5 mi
Grades PK-5 • 2.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,819 | 2,064 | 33% |
| Lot Size | 3,920 | 3,920 | 50% |
| Price | $475.0K | $420.0K | 62% |
| Price per sq ft | $261 | $220 | 80% |
| Built year | 2005 | 2006 | 49% |
| HOA | $159 | $60 | 87% |
| Days on market | 29 | 832 | 0% |
May 8, 2026
$475,000
Initial Listing