505 Greasewood Drive, Las Vegas, NV 89110, Las Vegas, 89110 - 2 bed, 2 bath
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Las Vegas, NV 89110
This Single-Family Residence presents a High-Potential Investment Opportunity with a List Price of $319,900—positioned well below the $314,300 Fair Market Value (Note: Market adjustment reflects current pricing). Featuring a Condition Rating of 4, the property offers significant upside for cosmetic renovation. The expansive 4,792 sq. ft. lot and No HOA status provide rare flexibility for property improvements. While local school ratings are modest, the entry-level price point makes this an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking to build equity through sweat equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 505 Greasewood Drive Subject | $319,900* List Price | 2 | 2 | 1,060 | $297 | - |
A 4501 Queen Angel Court Sold | $333,000 | 3 | 2 | 1,198 | $278 | 0.5 mi |
B 4517 Queen Angel Court Sold | $299,900 List Price | 3 | 2 | 1,198 | 0.5 mi | |
C 500 Prescott Street Active | $379,900 List Price | 2 | 2 | 1,165 | $326 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1984 (40 years old), the property is functional but dated. While it features updated laminate flooring, the presence of popcorn ceilings and the lack of documented renovations to the kitchen, bathrooms, or major systems suggest it requires cosmetic and potentially mechanical updates to meet modern standards.
Priced under $320,000, this property offers a rare entry-level opportunity for a detached single-family home in the Las Vegas market, providing significant affordability compared to regional medians.
The absence of a Homeowners Association grants owners total freedom over their property usage, including vehicle parking and landscaping, while eliminating monthly association dues.
The nearly 4,800-square-foot lot is unusually large for this price point, offering ample space for outdoor entertaining, gardening, or potential property additions.
The local assigned schools, particularly the high school and middle school, have low performance ratings (2/10 and 3/10), which may deter families and impact future appreciation.
At 1,060 square feet with only two bedrooms, the home's smaller footprint may limit its appeal to larger households or buyers requiring additional guest or office space.
Rare Find Under $320K — Spacious Single-Story Home on an Exceptional Lot | No HOA! Room to breathe, inside and out — and priced to make it yours. This generously sized 2-bedroom, 2-bathroom single-family home delivers the easy living of a true single-story layout with the outdoor space that is nearly impossible to find at this price point — all with no HOA restrictions. Inside, the open floor plan flows naturally between living, dining, and kitchen spaces, making the home feel even larger than it already is. Both bedrooms are well-proportioned with ample closet storage, and the two bathrooms offer everyday comfort for residents and guests alike. Step outside and discover the real showstopper: an expansive yard and lot that offers room for a garden, play area, entertaining space, or simply the kind of open sky you cannot put a price on. The possibilities are yours — no association telling you what to plant, build, or park.
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades PK-5 • 1.0 mi
Grades 6-8 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,060 | - |
| Lot Size | 4,792 | - |
| Price | $319.9K | $474.8K |
| Price per sq ft | $302 | $257 |
| Built year | 1984 | 0 |
| HOA | $0 | $0 |
| Days on market | 25 | 526 |
Jun 27, 2026
$319,900
Initial Listing