313 Falcon Lane, Las Vegas, NV 89107, Las Vegas, 89107 - 3 bed, 2 bath
Loading property details...
Las Vegas, NV 89107
This property presents a High-Potential Investment Opportunity with a List Price of $409,900—positioned well above the $372,406 Fair Market Value by -10%. While the home requires modernization, its Fair Condition Rating is offset by rare Strip and City-Light Views and a Private Pool. The elevated lot and No HOA Fees provide a unique foundation for value-add renovations. This asset is best suited for Buy-and-Hold Investors or Owner-Occupants capable of executing a strategic interior update to maximize long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 313 Falcon Lane Subject | $409,900* List Price | 3 | 2 | 1,724 | $216 | - |
A 5213 Sugarfoot Avenue Sold | $355,000 | 4 | 2 | 1,638 | $217 | 0.6 mi |
B 5912 Alta Drive Sold | $350,000 List Price | 4 | 3 | 1,877 | 0.4 mi | |
C 6248 Dayton Avenue Sold | $380,000 | 3 | 2 | 1,770 | $215 | 0.8 mi |
D 6248 Dayton Avenue Sold | $380,000 | 3 | 2 | 1,770 | $215 | 0.8 mi |
E 5520 LIVERPOOL Road Sold | $480,000 | 5 | 2 | 2,128 | $226 | 0.5 mi |
F 501 N Wallace Drive Sold | $430,000 | 4 | 3 | 1,789 | $240 | 0.9 mi |
G 345 S Mallard Street Pending | $335,000 List Price | 4 | 2 | 1,607 | $208 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1962, this property is over 60 years old and the listing explicitly mentions the 'opportunity to update, personalize, and add value,' indicating dated interiors and systems. While functional and livable with a private pool, the kitchen, bathrooms, and major systems likely exceed the 20-year threshold for modernization.
The property's elevated rear position provides rare, unobstructed views of the Las Vegas Strip and city lights, significantly increasing its market appeal and value.
Featuring a private pool and a backyard designed for privacy, the home offers a premium outdoor lifestyle that is highly sought after in the Las Vegas market.
With an association fee of zero, this property offers homeowners greater financial flexibility and freedom from the restrictive covenants often found in local subdivisions.
Built in 1962, the home likely requires significant modernization of its interior finishes and potential upgrades to aging mechanical systems to meet contemporary standards.
The property is marketed as an opportunity to personalize and add value, implying that immediate capital investment is necessary for repairs and cosmetic improvements.
Welcome to 313 Falcon Lane, a Las Vegas home designed for outdoor enjoyment, privacy, and city views. The backyard features a private pool and an elevated rear position that helps create a more open, private atmosphere. Since the home sits above the properties behind it, the rear neighbors are positioned lower, reducing direct rear obstruction and allowing the home to capture beautiful Strip and city-light views. This is the kind of backyard that makes Las Vegas living feel special — poolside afternoons, evening get-togethers, and quiet nights taking in the glow of the Strip. Inside, the home offers a practical layout, comfortable living spaces, and plenty of opportunity to update, personalize, and add value. With its combination of views, privacy, elevation, and outdoor lifestyle, this property offers something buyers do not find every day.
No exterior & parking available.
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 | 1,724 | 1,663 | 54% |
| Lot Size | 5,663 | 6,534 | 11% |
| Price | $409.9K | $360.0K | 78% |
| Price per sq ft | $238 | $212 | 61% |
| Built year | 1962 | 1963 | 43% |
| HOA | $0 | $0 | 50% |
| Days on market | 39 | 284 | 1% |
May 8, 2026
$409,900
Initial Listing
Oct 29, 2020
$290,000
Public Record