1955 Caballero Way, Las Vegas, NV 89169, Las Vegas, 89169 - 2 bed, 2 bath
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Las Vegas, NV 89169
This Turnkey Single-Family Residence represents a Strong Value Opportunity, listed at $399,988—positioned well below the $425,381 Fair Market Value by 5%. This valuation gap provides $25,393 in Instant Equity. Featuring a Condition Rating of 2, the home includes a newly replastered pool, 2024 HVAC, and 2023 plumbing. Located in the historic Paradise Palms with no HOA, this property offers a blend of vintage charm and modern upgrades. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1955 Caballero Way Subject | $399,900* List Price | 2 | 2 | 1,818 | $234 | - |
A 1643 Golden Arrow Drive Sold | $499,937 List Price | 4 | 2 | 1,890 | 0.3 mi | |
B 2825 Burnham Avenue Sold | $444,000 | 4 | 2 | 2,073 | $214 | 0.4 mi |
C 1628 IZABELLA Avenue Sold | $401,653 | 3 | 2 | 1,813 | $222 | 0.5 mi |
D 1564 Vegas Valley Drive Sold | $414,999 | 4 | 3 | 2,103 | $197 | 0.5 mi |
E 3035 La Canada Street Sold | $389,000 | 4 | 2 | 1,619 | $240 | 0.4 mi |
F 1719 Vegas Valley Drive Sold | $290,000 | 3 | 2 | 1,178 | $246 | 0.4 mi |
G 1698 Silver Mesa Way Pending | $495,000 List Price | 3 | 2 | 1,890 | $262 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1963, the property has undergone a comprehensive renovation within the last 1-5 years. Key updates include a brand-new HVAC (2024), full plumbing re-pipe (2023), and a 2017 roof. The kitchen and bathrooms feature modern, high-end finishes like quartz countertops and designer tiling, and the pool was replastered in 2024, meeting the criteria for mint condition with no immediate maintenance needed.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 1818.
The property boasts significant recent capital improvements, including a brand-new AC unit (2024), full plumbing re-pipe (2023), a 2017 roof, and a newly replastered pool, significantly reducing immediate maintenance concerns for a buyer.
The home features a tastefully updated kitchen with quartz countertops and stainless steel appliances, along with fully remodeled bathrooms and dual-pane windows, blending vintage charm with contemporary convenience.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8712, other record lot size in square feet = 8276. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1818, other record living area = 1215. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
The property features a two-bay carport rather than a fully enclosed garage, which may be a drawback for buyers seeking extra security or climate-controlled storage for vehicles.
The assigned public schools, specifically the high school and one of the elementary schools, have low ratings (2/10), which could impact the property's appeal to families and long-term appreciation.
VINTAGE - Paradise Palms! Close to Las Vegas Strip. Single Story CLASSIC, 3 bedrooms, 2 baths. LOTS OF LOVE into this property: Updated kitchen, quartz countertops, bright white cabinets, beautiful shelving, stainless steel appliances. Large Living Room features fireplace and door to covered backyard patio. Ceramic tile flooring throughout and luxury vinyl in all three bedrooms. BOTH Bathrooms have been tastefully remodeled -check the photos. Most all the windows have been changed to dual pane. The roof was replaced in 2017, and the entire plumbing system was re-piped in 2023. Good sized yard AND YES - there is a private inground POOL in backyard-fully replastered in 2024. NO HOA. Large two bay carport. WOW! Call to see this ONE!
No exterior & parking available.
Grades PK-5 • 0.5 mi
Grades PK-5 • 0.6 mi
Grades PK-5 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.5 | 9% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,818 | 1,779 | 59% |
| Lot Size | 8,712 | 7,187.5 | 68% |
| Price | $399.9K | $379.5K | 64% |
| Price per sq ft | $220 | $221 | 50% |
| Built year | 1963 | 1963 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 354 | 5% |
May 24, 2026
$399,900
$399,988
+0% Price Increase
Initial Listing
May 20, 2026
$399,988
Initial Listing