3840 Topaz Street, Las Vegas, NV 89121, Las Vegas, 89121 - 6 bed, 6 bath
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3840 Topaz Street
Las Vegas, NV 89121
ACTIVE
CONDITION: POOR
6Beds
6Baths
7,396Sq Ft
29,185Lot Size
Property Price
LIST PRICE$1,500,000
EST. MARKET VALUE
$1,539,350
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,500,000—positioned well below the $1,539,350 Fair Market Value by 2%. This valuation gap offers $39,350 in Instant Equity for buyers capable of completing the renovation. With a Poor Condition Rating and a massive 7,396 sqft floor plan on a 0.67-acre lot, this asset requires significant capital to unlock its $2.3M ARV. This is a high-reward acquisition ideal for Fix-and-Flip Investors or Contractors.
Estimated Market Value
$1,539,350
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 |
|---|---|---|---|---|---|---|
★ 3840 Topaz Street Subject | $1,500,000* List Price | 6 | 6 | 7,396 | $208 | - |
A 2563 Aviv Court Active | $1,450,000 List Price | 5 | 5 | 6,193 | $234 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1993, this property is currently an unfinished renovation project. Images show missing flooring, exposed subfloors, incomplete drywall, and hanging electrical wires. It requires a full rehab to be livable, fitting the criteria for poor condition.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Investment Potential
With an estimated After Repair Value (ARV) of $2.3 million against a $1.5 million list price, this property offers a substantial equity play for investors or contractors looking for a high-upside project.
- Expansive Living Space & Lot
The massive 7,396 sqft floor plan situated on a 0.67-acre corner cul-de-sac lot provides rare scale and privacy within a gated enclave of only four homes.
- No HOA & Premium Amenities
The absence of HOA fees combined with high-end features like a 4-car garage, RV/boat parking, and a secluded pool/spa with a waterfall adds significant long-term value and lifestyle flexibility.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 5.
- Unfinished Renovation State
The property is currently in a mid-renovation state, requiring a buyer with the immediate capital and expertise to manage a large-scale construction project to completion.
- High Carrying Costs
Due to the sheer size of the 7,300+ sqft home and the extensive lot, the ongoing maintenance, taxes, and utility costs will be substantial once the property is occupied.
About 3840 Topaz Street
CALLING ALL INVCESTORS AND CONTRACTORS! RENOVATIONS STARTED, MUST SEE OVER 7,300 SQFT DREAM HOME IN PRIVATE ENCLAVE OF JUST 4 HOMES! 1/2 ACREA CUL-DE-SAC, CORNER LOT, GATED WITH NO HOA! NO FEES! SPACIOUS 6 BEDROOMS/6 BATHS, POOL/SPA WITH WATERFALL! SECLUDED POOL AREA IN BETWEEN THE WINGS OF THE HOUSE, 4 CAR PLUS GARAGE, RV/BOAT PARKING! POSSIBLE ARV ON THIS IS $2.3 MILLION REPAIRED VALUE! FOR MORE INFORMATION, PLEASE CONTACT LISTING AGENT, ALL INFORMATION TO BE VERIFIED!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1993
- Lot Size
- 29,185 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 6 (6 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 | 6.0 | 3.0 |
| Baths | 6.0 | 3.0 |
| Square foot | 7,396 | 1,961.945 |
| Lot Size | 29,185 | 6,098 |
| Price | $1.50M | $486.0K |
| Price per sq ft | $203 | $259 |
| Built year | 1993 | 2002 |
| HOA | $0 | $83 |
| Days on market | 22 | 62 |
Pricing History
Listed for Sale
Aug 18, 2026
$1,500,000
Initial Listing