3055 Santa Margarita Street, Las Vegas, NV 89146, Las Vegas, 89146 - 3 bed, 3 bath
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Las Vegas, NV 89146
This Remodeled Ranch-Style Estate is a Strong Value Opportunity, listed at $699,000—positioned well below the $743,112 Fair Market Value by 5%. This valuation gap secures $44,112 in Instant Equity for the buyer. Boasting a Condition Rating of 2, the home features a designer quartz kitchen, luxury vinyl plank flooring, and a massive half-acre lot with horse zoning and gated RV parking. With access to the top-rated Goolsby Elementary (9/10), this turnkey residence perfectly balances lifestyle luxury with immediate financial upside. It is an ideal 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 |
|---|---|---|---|---|---|---|
★ 3055 Santa Margarita Street Subject | $699,000* List Price | 3 | 3 | 2,722 | $273 | - |
A 6640 PALMYRA Avenue Sold | $528,800 List Price | 3 | 3 | 2,481 | 0.2 mi | |
B 2667 TORREY PINES Drive Sold | $710,000 | 4 | 2 | 2,529 | $281 | 0.6 mi |
C 2667 S Torrey Pines Drive Sold | $710,000 | 4 | 2 | 2,529 | $281 | 0.6 mi |
D 2667 S Torrey Pines Drive Sold | $710,000 | 4 | 2 | 2,529 | $281 | 0.6 mi |
E 3191 Redwood Street Sold | $699,000 | 5 | 3 | 2,529 | $276 | 0.2 mi |
F 3138 Redwood Street Active | $775,000 List Price | 4 | 3 | 2,609 | $297 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1977, the property has undergone an extensive recent renovation that brings it up to modern standards. The kitchen is fully updated with white shaker cabinets, quartz countertops, and stainless steel appliances. The interior features new luxury vinyl plank flooring, modern LED lighting, and updated bathrooms with contemporary vanities and backlit mirrors. The home is move-in ready with high-quality finishes throughout.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20038, living area = 2722.
Elementary School: Judy & John L Goolsby Elementary School (9/10).
The rare half-acre lot features horse zoning and a massive 16'x65' gated RV/boat parking area, providing exceptional space and utility for outdoor enthusiasts and hobbyists.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
Despite the high-quality cosmetic updates, the 1977 construction year may mean original underlying systems like plumbing or electrical could require attention compared to newer builds.
The immediate public schools assigned to this address carry lower performance ratings, which may be a drawback for families prioritizing top-tier educational districts.
Huge 100'x200' +/- 1/2 Acre lot with zoning for horses! Fully paved and gated RV / Boat parking that is 16' wide X 65' in length with room for additional RV parking. This remodeled single story Ranch Style home is move in ready! Courtyard entry thru the double doors to the step-down living room and formal dining room. New updated kitchen featuring white shaker cabinets with upgraded Quartz countertops and stainless appliances. New LVP (Luxury Vinyl Plank) flooring thru out except in the bedrooms, craftsman 5 1/2" baseboards, new 2-tone paint, all new hardware and LED lighting. 4 new vinyl sliders lead to the covered patio that looks out to the enormous back yard. This location is hard to beat just off Desert Inn and Rainbow Blvd, Desert Inn is direct and a quick trip to the Famous Las Vegas Strip! Surrounded by tons of shopping and restaurants, close to Chinatown, parks, schools and so much more.
No exterior & parking available.
Grades PK-5 • 0.5 mi
Grades PK-5 • 1.1 mi
Grades PK-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,722 | - |
| Lot Size | 20,038 | - |
| Price | $699.0K | $474.8K |
| Price per sq ft | $257 | $257 |
| Built year | 1977 | 0 |
| HOA | $0 | $0 |
| Days on market | 109 | 526 |
Apr 4, 2026
$699,000
Initial Listing
Oct 29, 1998
$208,000
Public Record