500 Shetland Road, Las Vegas, NV 89107, Las Vegas, 89107 - 5 bed, 5 bath
Loading property details...
500 Shetland Road
Las Vegas, NV 89107
ACTIVE
CONDITION: POOR
5Beds
5Baths
7,249Sq Ft
87,991Lot Size
Property Price
LIST PRICE$3,950,000
SUMMARY
Analysis of 500 Shetland Road, Las Vegas, NV 89107 is currently available with a list price of $3,950,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Las Vegas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
The property is a 1970-built structure currently in an unfinished, stripped condition. While it has received some recent updates to systems including new framing, wiring, and HVAC ducting, it lacks functional kitchens and bathrooms and requires a full rehab to be livable.
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 = 87991, living area = 7249.
- Prime Historic Location
Situated on a rare 2-acre hard corner lot in the prestigious Alta Drive Historic District, offering unparalleled privacy and space with quick access to Downtown and the Las Vegas Strip.
- Development Flexibility
The property features a non-HOA status and a community well, providing a blank canvas for a buyer to complete the existing 7,000+ sqft structure or execute a custom vision without restrictive association oversight.
CONSRISKS & DEFICIENCIES
- Unfinished Condition
The residence is currently in a stripped, unfinished state, requiring a substantial additional investment of time and capital to complete the interior framing, electrical, and finishes.
- Niche Buyer Appeal
Due to the scale of the required construction and the $3.95M entry price for an incomplete project, the pool of potential buyers is limited to those with the resources for a major high-end development.
About 500 Shetland Road
500 Shetland Rd. is a 2-acre parcel on the hard corner of Alta Dr. and Shetland Rd. in the heart of the coveted Alta Drive Historic District. The parcel includes an unfinished 7,000+ square foot custom home originally built by Jerry Herbst of Terrible Herbst fame and was subsequently owned by singer Kenny Rodgers. A substantial 20,000 sq/ft home had been designed for the property, the owner first decided to perform a significant remodel on the existing home. The interior was stripped and new interior framing, wiring, electrical and HVAC ducting was subsequently installed. The home remains in updated, yet unfinished condition. In addition, the centrality of the location is perfect for those who want quick access to Downtown, The Strip or the Harry Reid International Airport (it is also less than 10 minutes from the private North Las Vegas airport). There are few opportunities to own a large property in a prime location, on a community well, with the ability to build whatever your heart desires. If you have been looking for something very special in a more private non-HOA community, this is it.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1970
- Lot Size
- 87,991 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 5 (5 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 | 5.0 | 3.0 |
| Square foot | 7,249 | 1,961.945 |
| Lot Size | 87,991 | 6,098 |
| Price | $3.95M | $486.0K |
| Price per sq ft | $545 | $259 |
| Built year | 1970 | 2002 |
| HOA | $0 | $83 |
| Days on market | 48 | 62 |
Pricing History
Listed for Sale
Jul 23, 2026
$3,950,000
Initial Listing