4850 Conough Lane, Las Vegas, NV 89149, Las Vegas, 89149 - 4 bed, 4 bath
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Las Vegas, NV 89149
This Sprawling Ranch-Style Estate represents a High-Potential Investment Opportunity, listed at $1,199,900—positioned well below the $1,445,677 Fair Market Value by 17%. This significant valuation gap delivers $245,777 in Instant Equity. Maintaining a Move-In Ready Condition, the property features a private pool and spa, mountain views, and a three-car garage on nearly half an acre with No HOA. With modern updates and an assumable solar system, this home balances luxury lifestyle perks with immediate financial upside. It is an ideal acquisition for Owner-Occupants or Luxury Portfolio Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4850 Conough Lane Subject | $1,039,900* List Price | 4 | 4 | 3,294 | $312 | - |
A 4955 Buckhorn Butte Court Sold | $1,100,000 | 5 | 5 | 4,198 | $262 | 0.2 mi |
B 5001 N CIMARRON Road Sold | $1,000,000 | 3 | 4 | 3,234 | $309 | 0.3 mi |
C 5001 N Cimarron Road Sold | $1,000,000 | 5 | 4 | 3,234 | $309 | 0.3 mi |
D 5001 Cimarron Road Sold | $1,000,000 | 3 | 4 | 3,234 | $309 | 0.3 mi |
E 7876 Aspect Way Sold | $890,000 List Price | 4 | 3 | 3,128 | 0.8 mi | |
F 4870 Conough Lane Active | $912,000 List Price | 4 | 4 | 3,611 | $253 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition and appears exceptionally well-maintained. Although built in 1998, it features significant updates including newer luxury vinyl plank flooring, stainless steel Samsung appliances, and a recently installed solar power system. The kitchen and bathrooms remain functional with high-quality materials like granite countertops, though the cabinetry and overall aesthetic reflect a more traditional style. The exterior landscaping and pool area are immaculate, showing minimal physical depreciation for its age.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20038, living area = 3294.
Situated on nearly half an acre, this property features a private pool, spa, and mature landscaping with mountain views, offering a rare level of privacy and outdoor utility.
The absence of a Homeowners Association provides owners with significant freedom and eliminates monthly fees, a highly desirable attribute for buyers in the Las Vegas market.
The solar power system is assumable per the owner, which requires the buyer to take over existing financial obligations, potentially complicating the financing process.
Built in 1998, the home may require cosmetic updates or modernizations to its 'richly appointed' interior to align with contemporary luxury standards at this price point.
SAYING IT AGAIN...NO HOA!.....SPECTACULAR MOUNTAIN VIEWS! PRICE REDUCTION!!! SPRAWLING RANCH STYLE HOME, ALMOST 3300 SQ,FT, ON OVER 1/2 ACRE HOMESITE WITH 4 BEDROOMS, 3.5 BATHROOMS, 2 FIREPLACES, PRIVATE SWIMMING POOL/SPA AND A 3 CAR GARAGE. HOME IS RICHLY APPOINTED THROUGHOUT. NEW SOLAR POWER SYSTEM IS ASSUMABLE PER OWNER. PARK-LIKE AREA WITH MATURE SHRUBBRY. FORMAL AND INFORMAL LIVING AREAS. PRIMARY SUITE IS SEPARATE FROM OTHERS. IMMACULATE YARDS. MUST SEE. NO HOA !!! RV PARKING FOR DAYS!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 3,294 | - |
| Lot Size | 20,038 | - |
| Price | $1.04M | $474.8K |
| Price per sq ft | $316 | $257 |
| Built year | 1998 | 0 |
| HOA | $0 | $0 |
| Days on market | 115 | 526 |
Jun 16, 2026
$1,039,900
$1,049,900
-1% Price Drop
Initial Listing
Apr 25, 2026
$1,049,900
$1,099,900
-5% Price Drop
Initial Listing
Apr 8, 2026
$1,099,900
$1,149,900
-4% Price Drop
Initial Listing
Apr 5, 2026
$1,149,900
$1,199,900
-4% Price Drop
Initial Listing
Mar 30, 2026
$1,199,900
Initial Listing
Mar 25, 1998
$305,000
Public Record