285 East Shelbourne Avenue, Las Vegas, NV 89123, Las Vegas, 89123 - 5 bed, 4 bath
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Las Vegas, NV 89123
This multi-dwelling property presents a Strong Value Opportunity, listed at $999,900—positioned well below the $1,089,536 Fair Market Value by 8%. This valuation gap offers $89,636 in Instant Equity. Featuring a 4-Condition Rating, the home includes a detached casita, equestrian facilities, and an oversized swimming pool on over an acre of land. With no HOA and proximity to major infrastructure, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking income-producing potential and lifestyle flexibility.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 285 East Shelbourne Avenue Subject | $999,900* List Price | 5 | 4 | 2,737 | $398 | - |
A 7744 Rancho Destino Road Pending | $1,250,000 List Price | 4 | 3 | 3,056 | $409 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1974, the property has undergone cosmetic refreshments including newer laminate flooring, paint, and updated backsplashes. However, it remains dated with popcorn ceilings, older cabinetry, and basic kitchen/bath layouts. While functional and move-in ready, the age of the structure and systems suggests a need for modernization and minor repairs to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 49658, living area = 2737.
The property includes a detached 761 sqft casita with a full kitchen and private driveway, providing excellent potential for rental income, a home office, or multigenerational living.
Situated on over an acre of unrestricted land with no HOA, the property is minutes from the future Brightline high-speed rail station and Allegiant Stadium, offering significant investment upside.
Built in 1974, the main residence and outbuildings may require significant modernization or capital improvements to compete with newer luxury developments in the area.
The specialized equestrian infrastructure and large lot size cater to a specific buyer profile, which may result in a longer marketing period compared to standard residential homes.
Exceptionally located property on over an acre of unrestricted land (NO HOA) in one of the fastest-growing areas of the Las Vegas Valley. Perfectly positioned just blocks from South Las Vegas Blvd, this property offers unmatched convenience to shopping, dining, the South Point Hotel & Casino, the future Brightline West high-speed rail station, Harry Reid International Airport, and Allegiant Stadium. Multi-dewlling property features 2 separate residences. The main home is 1,976 sqft with 4 bedrooms, 3 bathrooms, and an open-concept layout. The detached casita is 761 sqft with 1 bedroom, 1 bathroom, full kitchen, and private carport, along with its own separate driveway, ideal for multigenerational living, guests, rental income, or home office. Outdoors, an oversized swimming pool, expansive covered patio, and green spaces. Fully equipped equestrian setup suitable for private horse boarding operation. Features 8 horse stalls, a lighted riding arena, and round pen. This rare property offers endless possibilities for those seeking income-producing potential. Schedule your private showing today.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 2,737 | - |
| Lot Size | 49,658 | - |
| Price | $999.9K | $474.8K |
| Price per sq ft | $365 | $257 |
| Built year | 1974 | 0 |
| HOA | $0 | $0 |
| Days on market | 14 | 526 |
Jul 8, 2026
$999,900
Initial Listing