
Las Vegas, NV 89120
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $500,000—positioned well above the $416,978 Fair Market Value by 19%. While the property requires a premium, it offers a unique Waterfront Living experience in Paradise Springs with rare lake views and a Fair Condition Rating that invites cosmetic modernization. The split-bedroom floor plan and three fireplaces provide a solid foundation for value-add updates. This property is best suited for Buy-and-Hold Investors or Owner-Occupants seeking a customizable lakeside sanctuary near the Las Vegas Strip.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3238 Brookfield Drive Subject | $500,000* List Price | 2 | 2 | 1,713 | $243 | - |
A 5193 Brentmead Drive Sold | $440,000 List Price | 4 | 2 | 1,817 | 0.8 mi | |
B 5141 SHADOW HILL Drive Sold | $456,000 | 4 | 3 | 2,048 | $223 | 0.7 mi |
C 5141 Shadow Hill Drive Sold | $456,000 | 4 | 3 | 2,048 | $223 | 0.7 mi |
D 5141 Shadow Hill Drive Sold | $456,000 | 4 | 3 | 2,048 | $223 | 0.7 mi |
E 3023 Chapala Drive Sold | $365,000 | 3 | 2 | 1,374 | $266 | 0.4 mi |
F 3862 Boca Chica Avenue Sold | $380,000 | 4 | 2 | 1,835 | $207 | 0.7 mi |
G 4050 Lucas Avenue Pending | $350,000 List Price | 3 | 2 | 1,575 | $222 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1987 (37 years old), the property is described as impeccably maintained and move-in ready, but the listing explicitly mentions 'opportunities to update to your style,' indicating dated kitchen and bathroom finishes. While the exterior and paint are fresh, the overall age and need for modernization fit the Fair criteria.
Situated in the unique Paradise Springs community, the property offers rare lakeside views and is currently benefiting from a lake rejuvenation project that will further enhance the aesthetic value.
Located in a secure gated community less than 10 minutes from the Las Vegas Strip and Harry Reid International Airport, providing exceptional convenience for commuters and travelers.
The home is impeccably maintained and freshly painted with a desirable split-bedroom floor plan and three fireplaces, offering a move-in ready experience with immediate comfort.
The monthly association fee of $699 is significantly higher than many comparable residential areas, which may impact monthly affordability and deter budget-conscious buyers.
The assigned high school has a low rating of 2/10, which could be a drawback for families prioritizing educational performance or seeking long-term resale stability.
Discover this inviting 2-bedroom, 2-bath home in a gated Las Vegas Valley community less than 10 minutes from Harry Reid Airport and the Strip. Enjoy peaceful waterfront living in unique Paradise Springs, featuring lakes throughout the neighborhood. The HOA is completing a lake rejuvenation project expected this year, creating beautiful water views from nearly every window. Designed for comfort and entertaining, the home offers a split-bedroom floor plan for added privacy plus 3 cozy fireplaces throughout. Freshly painted and impeccably maintained, it’s move-in ready with opportunities to update to your style. Relax on the side patio off the kitchen with BBQ and seating area, or enjoy the lakeside patio off the family room and primary suite. Furniture negotiable.
No exterior & parking available.
Grades PK-5 • 0.1 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 6% |
| Baths | 2.0 | 3.0 | 46% |
| Square foot | 1,713 | 2,088 | 27% |
| Lot Size | 6,098 | 10,019 | 10% |
| Price | $500.0K | $450.0K | 62% |
| Price per sq ft | $292 | $216 | 80% |
| Built year | 1987 | 1979 | 77% |
| HOA | $699 | $0 | 97% |
| Days on market | 39 | 655 | 1% |
May 8, 2026
$500,000
Initial Listing
Dec 13, 1996
$90,000
Public Record
Aug 31, 1995
$180,000
Public Record