433 Waterwheel Falls Drive, Henderson, NV 89015, Henderson, 89015 - 3 bed, 2 bath
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Henderson, NV 89015
This Single-Story Residential Home is a High-Potential Investment Opportunity, listed at $405,000—positioned slightly above the $394,297 Fair Market Value. While the price reflects a premium, the property features a Condition Rating of 3 with a modernized kitchen and low-maintenance flooring. The 9,148 sqft oversized lot provides significant utility, while the Mountain Views add long-term appeal. With no HOA fees and proximity to Ulis Newton Elementary, this asset is a stable choice for Buy-and-Hold Investors or first-time buyers seeking a move-in ready property in Henderson.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 433 Waterwheel Falls Drive Subject | $405,000* List Price | 3 | 2 | 1,060 | $372 | - |
A 465 Annapolis Circle Sold | $369,000 | 3 | 2 | 1,112 | $332 | 0.4 mi |
B 365 W Rochell Drive Sold | $396,000 | 4 | 2 | 1,340 | $296 | 0.3 mi |
C 411 Opal Drive Active | $515,000 List Price | 3 | 2 | 1,247 | $413 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1997 (27 years old), the property avoids a 'Fair' rating due to recent renovations. The kitchen has been updated with modern finishes, and the home features newer low-maintenance flooring and fresh neutral paint. It is well-maintained and move-in ready, fitting the criteria for a 5-15 year renovation cycle.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9148, living area = 1060.
The property sits on a generous 9,148 sqft oversized lot, providing rare flexibility for backyard customization, gardening, or outdoor entertainment in a suburban setting.
With no monthly association fees, homeowners enjoy increased monthly affordability and greater freedom regarding property use and modifications compared to neighboring communities.
At just 1,060 square feet for a three-bedroom layout, the interior living spaces and bedrooms may feel restrictive for larger families or those requiring more storage.
While the elementary school is highly rated, the assigned middle and high schools have lower performance scores, which could impact long-term resale value for family-oriented buyers.
Beautiful single-story home in Henderson featuring 3 bedrooms, 2 bathrooms, and an open, functional floor plan. The updated kitchen offers modern finishes and plenty of workspace, while low-maintenance flooring runs throughout the home. Enjoy spacious living areas, generously sized bedrooms, and abundant natural light. Situated on an oversized lot, the backyard provides endless possibilities for entertaining, gardening, or creating your own outdoor retreat. Conveniently located near shopping, dining, parks, schools, and freeway access. Move-in ready and offering stunning mountain views, this home is a fantastic opportunity for homeowners and investors alike.
No exterior & parking available.
Grades PK-5 • 1.7 mi
Grades 6-8 • 0.5 mi
Grades 9-12 • 2.6 mi
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 | 1,060 | 1,652 | 6% |
| Lot Size | 9,148 | 6,534 | 82% |
| Price | $405.0K | $265.0K | 69% |
| Price per sq ft | $382 | $166 | 99% |
| Built year | 1997 | 1997 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 2635 | 1% |
Jun 5, 2026
$405,000
Initial Listing
Oct 17, 1997
$108,000
Public Record