1551 Managua Drive, Las Vegas, NV 89123, Las Vegas, 89123 - 4 bed, 2 bath
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1551 Managua Drive
Las Vegas, NV 89123
ACTIVE
CONDITION: FAIR
4Beds
2Baths
2,488Sq Ft
13,504Lot Size
Property Price
LIST PRICE$749,900
EST. MARKET VALUE
$658,437
13% AboveMARKET VALUE
SUMMARY
This Spacious Single-Family Residence represents a High-Potential Investment Opportunity, listed at $749,900—positioned well above the $658,438 Fair Market Value by -13%. While priced at a premium, the property offers a Fair Condition Rating with significant upside through cosmetic modernization. Key features include a 13,504 sqft lot, private pool and spa, and RV parking. Located near Louis Wiener Jr Elementary, this home provides a unique blend of privacy and utility. It is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a customizable estate.
Estimated Market Value
$658,437
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 |
|---|---|---|---|---|---|---|
★ 1551 Managua Drive Subject | $749,900* List Price | 4 | 2 | 2,488 | $265 | - |
A 1195 Mission Del Mar Way Sold | $535,000 | 4 | 3 | 2,369 | $226 | 0.4 mi |
B 1740 Olympia Drive Sold | $699,990 List Price | 4 | 3 | 2,335 | 0.5 mi | |
C 7553 Chambery Cove Court Sold | $647,000 | 3 | 2 | 2,358 | $274 | 0.2 mi |
D 956 East Eldorado Lane Sold | $530,000 | 4 | 3 | 2,172 | $244 | 0.7 mi |
E 1741 Horizon Sunset Drive Sold | $615,000 | 4 | 3 | 2,351 | $262 | 0.6 mi |
F 1611 Managua Drive Active | $674,900 List Price | 4 | 2 | 2,488 | $271 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1990 (34 years old), the home is exceptionally well-maintained but remains aesthetically dated. The kitchen features older tile countertops and painted original cabinetry, while the bathrooms retain 1990s-era glass block and cultured marble finishes. It meets the 'Fair' criteria as it is over 20 years old without a comprehensive modern renovation.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13504, living area = 2488.
- Outdoor Oasis & Privacy
The property features a substantial 13,504 sqft lot with a private pool, spa, and no rear neighbors, providing a rare level of seclusion and premium outdoor living space.
- Exceptional Parking & Storage
A rare find for the area, the home includes a 3-car garage and dedicated RV parking, offering significant utility for car enthusiasts and outdoor adventurers.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Count
With 4 bedrooms but only 2 bathrooms, the home's ratio may be a challenge for larger families or buyers expecting more modern convenience in this price bracket.
- 1990s Era Construction
Built in 1990, the property may require aesthetic or mechanical updates to align with the contemporary finishes found in newer luxury developments.
About 1551 Managua Drive
Welcome to this beautifully maintained 4-bedroom, 2-bath home located in a desirable gated community in the heart of the 89123 area. Offering an exceptional combination of space, privacy, and functionality, this property is perfectly suited for both everyday living and entertaining. Step inside to discover soaring vaulted ceilings and an inviting floor plan filled with natural light. With no rear neighbors, the home enjoys an added sense of privacy that's increasingly hard to find. Outside, your backyard retreat features a sparkling pool and spa with a safety fence, lush natural grass in both the front and back yards, mature trees, and beautifully maintained landscaping that creates a peaceful setting for relaxing or entertaining. Car enthusiasts and outdoor adventurers will appreciate the 3-car garage, RV parking, and ample additional parking. As an added plus, the community also offers extra RV parking spaces available for rent. Ideally located near shopping, dining, parks, Harry Reid International Airport, and major freeway access, this home combines an outstanding location with exceptional outdoor living, privacy, and the flexibility today's buyers are looking for.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1990
- Lot Size
- 13,504 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $110 / Month
Neighborhood Insights
Las Vegas Unified Schools
Louis Wiener Jr Elementary School
Grades PK-5 • 1.3 mi
7/10
Jack Lund Schofield Middle School
Grades 6-8 • 1.2 mi
5/10
Silverado High School
Grades 9-12 • 1.9 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 2,488 | 1,961.945 |
| Lot Size | 13,504 | 6,098 |
| Price | $749.9K | $486.0K |
| Price per sq ft | $301 | $259 |
| Built year | 1990 | 2002 |
| HOA | $110 | $83 |
| Days on market | 33 | 62 |
Pricing History
Listed for Sale
Aug 7, 2026
$749,900
Initial Listing
Sold
Dec 31, 1996
$235,000
Public Record