2200 Santa Ynez Drive, Las Vegas, NV 89104, Las Vegas, 89104 - 5 bed, 3 bath
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Las Vegas, NV 89104
This Modernized Multi-Unit Property is a Strong Value Opportunity, listed at $579,000—positioned well below the $618,107 Fair Market Value by 6%. This valuation gap offers $39,107 in Instant Equity for buyers. Currently in Good Condition, the home features a remodeled interior, private pool, and a separate 2-bedroom studio for rental income. Located near the Arts District with a landmark Stratosphere view, it offers significant lifestyle and financial utility. This is an ideal fit for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2200 Santa Ynez Drive Subject | $579,000* List Price | 5 | 3 | 2,037 | $303 | - |
A 1309 EXLEY Avenue Sold | $460,000 | 5 | 2 | 1,786 | $258 | 0.8 mi |
B 1041 E Saint Louis Avenue Sold | $415,000 | 3 | 2 | 1,796 | $231 | 0.6 mi |
C 1810 S 8th Street Sold | $520,000 | 4 | 3 | 2,235 | $233 | 0.4 mi |
D 1212 S 7th Street Sold | $449,995 List Price | 4 | 3 | 1,595 | 0.8 mi | |
E 556 E Oakey Boulevard Sold | $530,000 | 3 | 2 | 1,813 | $292 | 0.4 mi |
F 1811 S 7th Street Pending | $499,000 List Price | 5 | 3 | 2,056 | $243 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property has been extensively remodeled with modern features including large-format tile flooring, recessed lighting, and updated plumbing. While the original 1953 structure is aged, the interior living spaces and bathrooms have been modernized to a move-in-ready state. The score is 'good' rather than 'excellent' due to visible wear and scratches on the hardwood floors in the bedrooms and some minor unfinished wall details/outlets seen in the photos.
The inclusion of a separate 2-bedroom studio provides a significant opportunity for rental income or multi-generational living, adding substantial financial versatility to the property.
The home features extensive remodeling and updated plumbing, reducing immediate maintenance concerns and offering a move-in-ready experience with a private pool.
Situated near the Arts District and Downtown Las Vegas, the property offers exceptional access to major highways, entertainment, and dining, making it highly attractive for urban dwellers.
Originally built in 1953, the home may have underlying structural or electrical elements typical of its era that could require more frequent upkeep than a newer build.
With both a main house and a studio on a 6,970 sqft lot, the outdoor living space and pool area may feel cramped, potentially limiting privacy between the two units.
This beautifully remodeled single-story home offers 3 spacious bedrooms and 2 modern bathrooms, plus a 2-bedroom studio—perfect for generating additional income or accommodating guests. The home features updated plumbing and a sparkling pool, ideal for enjoying those hot summers in Las Vegas. This house is located in a highly desirable area, it’s just minutes from Las Vegas Boulevard, Las Vegas Downtown, the Arts District, grocery stores, and offers easy access to major highways. This is a fantastic opportunity you won’t want to miss
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 89% |
| Baths | 3.0 | 2.0 | 68% |
| Square foot | 2,037 | 1,593.5 | 76% |
| Lot Size | 6,970 | 6,970 | 50% |
| Price | $579.0K | $353.5K | 94% |
| Price per sq ft | $284 | $222 | 81% |
| Built year | 1953 | 1959 | 31% |
| HOA | $0 | $0 | 50% |
| Days on market | 50 | 349 | 1% |
Mar 3, 2026
$579,000
Initial Listing