3687 Happy Lane, Las Vegas, NV 89120, Las Vegas, 89120 - 5 bed, 9 bath
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3687 Happy Lane
Las Vegas, NV 89120
ACTIVE
CONDITION: FAIR
5Beds
9Baths
8,272Sq Ft
49,658Lot Size
Property Price
LIST PRICE$3,495,000
EST. MARKET VALUE
$3,306,952
5% AboveMARKET VALUE
SUMMARY
This expansive custom estate represents a High-Potential Investment Opportunity, listed at a List Price of $3,495,000—positioned well below the $3,306,953 Fair Market Value by -5%. Featuring a Condition Rating of 4, the property offers significant upside through cosmetic modernization. Highlights include a 3,800 sf garage for 14 cars, a lagoon-style pool with lazy river, and a separate guest apartment. This unique 1.14-acre estate is an ideal acquisition for Luxury Investors or Owner-Occupants seeking a private, multi-generational compound with substantial value-add potential.
Estimated Market Value
$3,306,952
Based on Realkey algorithm analyzing recent comparable sales in Las Vegas.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3687 Happy Lane Subject | $3,495,000* List Price | 5 | 9 | 8,272 | $400 | - |
A 3074 Monte Rosa Avenue Active | $2,500,000 List Price | 5 | 6 | 6,668 | $375 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1990 (34 years old) and appears to be in mostly original condition. The kitchen features dated oak cabinetry, fluorescent light box ceilings, and older appliances. Interior finishes like the blue carpeting and built-in oak shelving are significantly dated (15-30+ years). While the home is well-maintained and functional, it requires comprehensive cosmetic updates to meet modern luxury standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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 = 8272.
- Resort-Style Grounds
The 1.14-acre estate features a unique lagoon-style pool with a lazy river and lush landscaping, offering a rare private oasis in the desert.
- Car Enthusiast's Dream
An expansive 3,800+ square foot garage accommodates up to 14 vehicles, providing unparalleled storage and display space for collectors.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 8272, other record living area = 6074. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
- Potential Modernization Needs
Built in 1990, the property may require aesthetic or systems updates to align with the contemporary preferences of today's ultra-luxury buyers.
- Extended Market Time
With 85 days on the market, the property is seeing a longer-than-average listing period, which may impact its perceived value or negotiation leverage.
About 3687 Happy Lane
Prestigious Las Vegas Custom Estate situated at the end of a privately maintained and secluded cul de sac for the ultimate in private, quiet and luxurious living. A true oasis in the desert. Property boasts 1.14 acres of lush green grounds filled with tall pines, natural grass, a waterfall and a large lagoon style swimming pool with it’s own lazy river! The grounds of this estate make this a truly one of a kind in Las Vegas. Relax on the large covered patio while taking in the gentle sounds of the waterfalls for the ultimate in relaxation and serenity. Grand dual spiral staircase under expansive ceilings greets you upon entry. This home is a true car enthusiast dream with with over 3,800 sf of garage space large enough to accommodate 14 automobiles enclosed and under roof! The built in aquarium in the living room provides a soothing and tranquil setting through out the 1st floor. This well appointed home also features a full apartment completely separate from the main house with it’s own private entrance with a full kitchen, living room, large bedroom and full bath. Perfect out of town guest or next gen families. This unique home offers the best in Las Vegas living the way it was meant to be.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1990
- Lot Size
- 49,658 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 9 (9 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 9.0 | 3.0 |
| Square foot | 8,272 | 1,961.945 |
| Lot Size | 49,658 | 6,098 |
| Price | $3.50M | $486.0K |
| Price per sq ft | $423 | $259 |
| Built year | 1990 | 2002 |
| HOA | $0 | $83 |
| Days on market | 104 | 62 |
Pricing History
Listed for Sale
May 28, 2026
$3,495,000
Initial Listing