5049 Shadow Valley Street, Las Vegas, NV 89148, Las Vegas, 89148 - 5 bed, 3 bath
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Las Vegas, NV 89148
This property presents a High-Potential Investment Opportunity with a List Price of $540,000—positioned well above the $462,367 Fair Market Value by -16%. While the home requires modernization, its Fair Condition Rating and versatile 5-bedroom layout, including a first-floor bedroom and bath, offer significant value-add potential. The inclusion of a solar system and a large lot in the 89148 zip code provides long-term utility savings. This is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through cosmetic renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5049 Shadow Valley Street Subject | $540,000* List Price | 5 | 3 | 2,437 | $190 | - |
A 9731 Cathedral Stairs Court Sold | $600,000 | 5 | 3 | 3,034 | $198 | 0.3 mi |
B 9526 Antelope Bend Court Sold | $619,000 | 5 | 3 | 3,034 | $204 | 0.5 mi |
C 9731 Cathedral Stairs Court Sold | $600,000 | 5 | 3 | 3,034 | $198 | 0.3 mi |
D 5521 Valley Canyon Street Sold | $620,000 | 4 | 3 | 2,722 | $228 | 0.6 mi |
E 5387 S Conquistador Street Sold | $510,000 | 3 | 3 | 2,443 | $209 | 0.5 mi |
F 9495 Lenox Crater Court Sold | $452,000 | 4 | 3 | 2,232 | $203 | 0.5 mi |
G 10149 Whitney Falls Court Active | $689,000 List Price | 5 | 3 | 2,722 | $253 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2003 (21 years old), the property is in original condition with dated oak cabinetry, white appliances, and builder-grade bathroom fixtures. The listing description confirms it needs modernization and cosmetic improvements, fitting the criteria for a home over 20 years old requiring updates.
The home features a highly functional five-bedroom layout, including a rare first-floor bedroom and full bath perfect for multi-generational living, plus a spacious three-car garage.
Equipped with a large solar system at a fixed monthly cost of $145, providing the homeowner with predictable and significantly reduced energy expenses in the desert climate.
Situated in the sought-after 89148 zip code on an oversized lot, the property boasts exceptionally low HOA fees of just $23 per month, enhancing long-term affordability.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The interior requires significant modernization and cosmetic updates to reach its full potential, which will necessitate immediate additional investment from the buyer.
The existing solar system carries a mandatory monthly payment of $145, which represents an ongoing financial obligation that must be assumed by the new owner.
Located in the highly desirable 89148 zip code, this spacious 5-bedroom, 3-bath home offers incredible potential on a super-sized lot in a quiet neighborhood with low HOA fees. Featuring a highly functional layout, the home includes one bedroom and full bath conveniently located on the first floor — perfect for guests or multi-generational living. Originally designed with a large loft, the space has been converted into Bedroom #5, providing even more flexibility for growing households, office space, or hobbies. The property also features a 3-car garage and a large solar system with an affordable monthly payment of just $145, helping reduce long-term energy costs. While the home could benefit from updates and modernization, it offers great bones, generous living spaces, and tremendous upside potential. The home is priced accordingly to reflect the cosmetic improvements needed, creating an excellent opportunity for buyers looking to personalize a home in a prime Southwest Las Vegas location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 85% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,437 | 2,071 | 66% |
| Lot Size | 6,534 | 3,920 | 84% |
| Price | $540.0K | $425.0K | 80% |
| Price per sq ft | $222 | $222 | 50% |
| Built year | 2003 | 2006 | 30% |
| HOA | $23 | $59 | 31% |
| Days on market | 13 | 822 | 0% |
May 24, 2026
$540,000
Initial Listing