229 Hillcrest Drive, Henderson, NV 89015, Henderson, 89015 - 3 bed, 2 bath
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Henderson, NV 89015
This Value-Add Asset is located in the revitalizing Water Street District with a List Price of $340,000. While currently priced above the $229,022 Fair Market Value, the property offers significant potential for forced appreciation through the rehabilitation of its 1957 infrastructure. With a Condition Rating of 5, the home provides a functional layout on a generous lot with No HOA fees. Proximity to the 9/10 rated Gordon Mccaw Elementary adds strong resale appeal, making this a strategic project for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 229 Hillcrest Drive Subject | $340,000* List Price | 3 | 2 | 1,080 | $212 | - |
A 465 Annapolis Circle Sold | $369,000 | 3 | 2 | 1,112 | $332 | 0.6 mi |
B 426 TIGER LILY Way Sold | $360,000 | 3 | 2 | 1,369 | $263 | 0.5 mi |
C 459 Potomac Street Pending | $350,000 List Price | 3 | 2 | 1,262 | $277 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1957, this property is significantly outdated and requires substantial rehabilitation to meet modern standards. The listing description explicitly frames the home as an opportunity for 'updates, customization, or expansion,' which is typical industry language for a fixer-upper. Interior images show heavy clutter and dated fixtures, such as older ceiling fans and wall-mounted cooling units, suggesting that major systems and cosmetic finishes have not been updated in several decades.
Elementary School: Gordon Mccaw Elementary School (9/10).
Situated near the revitalizing Water Street District, the property offers excellent proximity to local dining, shopping, and entertainment in one of Henderson’s most actively evolving areas.
The home sits on a generously sized lot with a functional layout, providing a solid foundation for customization, expansion, or modernization to build significant equity.
Built in 1957, the property likely requires capital investment for updates and repairs to bring it up to modern standards and efficiency.
At 1,080 square feet for a three-bedroom home, the interior layout may feel small or cramped for buyers seeking more spacious living areas.
Don’t miss this exceptional opportunity to own in the revitalizing Water Street District of Henderson. This 3-bedroom, 2-bath home is situated on a generously sized lot and offers a unique opportunity for updates, customization, or expansion. With its functional layout and ample outdoor space, the property provides a solid foundation to create a home tailored to your vision. Ideally located near the vibrant Water Street corridor, you’ll enjoy close proximity to local dining, shopping, entertainment, and community events in one of Henderson’s most actively evolving areas. Whether you’re looking to personalize a primary residence or explore future possibilities, this property presents outstanding potential in a growing and desirable location.
No exterior & parking available.
Grades PK-5 • 1.1 mi
Grades 6-8 • 0.4 mi
Grades 9-12 • 2.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,080 | 1,637.5 | 6% |
| Lot Size | 6,098 | 6,534 | 40% |
| Price | $340.0K | $75.9K | 55% |
| Price per sq ft | $315 | $57 | 97% |
| Built year | 1957 | 1997 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 67 | 2726 | 1% |
Apr 10, 2026
$340,000
Initial Listing