1611 Managua Drive, Las Vegas, NV 89123, Las Vegas, 89123 - 4 bed, 2 bath
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Las Vegas, NV 89123
This High-Potential Investment Opportunity is listed at $699,900, positioned slightly above the $679,138 Fair Market Value. While the home requires cosmetic updates to its Fair Condition Rating, it offers significant value through its 14,375 sq. ft. lot, private pool and spa, and paid-off solar system. The property features rare RV parking and a gated community location. With proximity to Louis Wiener Jr Elementary, this home is an ideal project for Value-Add Investors or Owner-Occupants seeking to build equity through strategic renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1611 Managua Drive Subject | $699,900* List Price | 4 | 2 | 2,488 | $273 | - |
A 7520 Demona Drive Sold | $614,900 List Price | 4 | 2 | 2,490 | 0.3 mi | |
B 7475 Babbs Court Pending | $570,000 List Price | 4 | 3 | 2,334 | $244 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1989 (35 years old) and appears to be in original condition. While the listing notes meticulous maintenance, the kitchen and bathrooms feature original oak cabinetry, dated wallpaper, and older white appliances that have not been updated in over 30 years, requiring a full cosmetic rehab to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 14375, living area = 2488.
The expansive 14,375 sq. ft. lot features a private pool, spa, and no rear neighbors, offering a rare level of seclusion and entertainment space within a gated community.
The solar power system will be fully paid off at the close of escrow, providing the new owner with immediate and significant long-term savings on utility costs.
Built in 1989, the home may require future capital expenditures for aging mechanical systems or cosmetic updates to meet modern luxury standards.
While the elementary school is well-rated, the assigned middle and high schools currently hold average ratings of 5/10, which may be a consideration for families prioritizing top-tier education.
Discover the perfect blend of comfort, privacy, and functionality in this beautifully maintained single-story home, ideally situated within a desirable gated community. From the moment you arrive, you'll appreciate the true pride of ownership that shines throughout every detail of this exceptional property. Set on a spacious lot with no rear neighbors, this home offers a private backyard retreat complete with a sparkling pool and spa, lush real grass, and plenty of space to relax or entertain year round. The beautifully landscaped front yard also features lush real grass, creating exceptional curb appeal and a warm welcome. High vaulted ceilings enhance the home's open and airy layout, filling the living spaces with natural light. Designed for both convenience and versatility, the property includes sought-after RV parking, while the community also offers dedicated RV parking for residents, an uncommon and valuable amenity. As an added benefit, the solar system will be paid off at the close of escrow, allowing the new owner to enjoy the benefits of energy efficiency without the added payment. Combining a fantastic lot, outdoor living, meticulous care, and an unbeatable location within a gated community, this home is a rare opportunity to enjoy the very best of single story living.
No exterior & parking available.
Grades PK-5 • 1.3 mi
Grades 6-8 • 1.2 mi
Grades 9-12 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 2,488 | - |
| Lot Size | 14,375 | - |
| Price | $699.9K | $474.8K |
| Price per sq ft | $281 | $257 |
| Built year | 1989 | 0 |
| HOA | $110 | $0 |
| Days on market | 16 | 526 |
Jul 6, 2026
$699,900
Initial Listing