197 Reed Lane, Henderson, NV 89074, Henderson, 89074 - 4 bed, 3 bath
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Henderson, NV 89074
This Remodeled Single-Family Residence is a Prime Investment Opportunity, listed at $799,998—positioned well below the $1,007,662 Fair Market Value by 20%. This significant valuation gap provides $207,664 in Instant Equity. Boasting an Excellent Condition Rating, the home features a chef’s kitchen with a waterfall-edge island and a private pool and spa on a quarter-acre lot. Zoned for top-rated schools including John Vanderburg Elementary and Coronado High, it offers a premium lifestyle in a gated community. This is an exceptional acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 197 Reed Lane Subject | $784,999* List Price | 4 | 3 | 2,460 | $295 | - |
A 185 Jeri Drive Sold | $699,900 List Price | 4 | 3 | 2,565 | 0.1 mi | |
B 179 Adomeit Drive Sold | $800,000 | 4 | 3 | 3,113 | $257 | 0.1 mi |
C 179 ADOMEIT Drive Sold | $800,000 | 4 | 3 | 3,113 | $257 | 0.1 mi |
D 290 Davis Hill Court Sold | $555,000 List Price | 4 | 3 | 2,141 | 0.6 mi | |
E 248 JAMESON Circle Sold | $725,000 | 3 | 2 | 2,028 | $357 | 0.5 mi |
F 151 Ultra Drive Sold | $825,000 List Price | 4 | 4 | 3,331 | 0.9 mi | |
G 231 Windsong Drive Active | $740,000 List Price | 4 | 3 | 2,612 | $283 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone an extensive, high-end renovation within the last 5 years, featuring a modern chef's kitchen with a waterfall-edge island and new cabinetry, spa-inspired bathrooms with designer tile and rainfall showerheads, and updated flooring and fixtures throughout. Although built in 1994, the recent comprehensive updates and lack of deferred maintenance meet the criteria for excellent condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10454, living area = 2460.
Elementary School: John Vanderburg Elementary School (9/10). High School: Coronado High School (9/10).
The property features a comprehensive designer renovation, including a chef’s kitchen with a waterfall-edge island, new oak cabinetry, and spa-inspired bathrooms with rainfall showerheads, offering a true move-in-ready experience.
Built in 1994, the home may have aging major components such as the roof or HVAC systems that were not explicitly mentioned as replaced, potentially leading to future maintenance costs.
Listed at nearly $800,000 for approximately 2,460 square feet, the property sits at a high price-per-square-foot for its vintage, which may challenge its appraisal value compared to similar-sized homes in the area.
Welcome home to this beautifully remodeled 4-bed. 3 car garage home in the gated community of Montecito Estates, featuring a spacious backyard complete w/in-ground pool, spa, & attached covered patio. Located minutes from the shopping, dining, entertainment, & casinos of The District at Green Valley Ranch. Home includes an open-concept floor plan filled w/abundant natural light, soaring ceilings, & stylish upgrades throughout, including a tiled fireplace, ceiling fans, chandeliers, modern fixtures, plush carpeting, & laminate wood flooring. The chef’s kitchen offers backyard views, new oak cabinetry w/gold hardware, custom countertops, recessed lighting, stainless steel appliances, & a stunning waterfall-edge island w/ bar seating. Spa-inspired bathrooms feature dual vanities w/framed mirrors, custom lighting, & designer finishes. The primary suite includes a separate soaking tub, beautifully tiled walk-in shower w/ rainfall shower heads, and a built-in niche. Truly move-in ready!
No exterior & parking available.
Grades PK-5 • 1.1 mi
Grades PK-5 • 1.2 mi
Grades PK-5 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 55% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,460 | 2,020 | 70% |
| Lot Size | 10,454 | 6,534 | 90% |
| Price | $785.0K | $0 | 94% |
| Price per sq ft | $319 | $0 | 90% |
| Built year | 1994 | 1994 | 50% |
| HOA | $95 | $18 | 82% |
| Days on market | 32 | 2820 | 0% |
Apr 18, 2026
$784,999
$799,997
-2% Price Drop
Initial Listing
Apr 10, 2026
$799,997
$799,998
+0% Price Increase
Initial Listing
Mar 21, 2026
$799,998
Initial Listing
Oct 15, 1993
$185,140
Public Record