5216 Painted Lakes Way, Las Vegas, NV 89149, Las Vegas, 89149 - 3 bed, 2 bath
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Las Vegas, NV 89149
This Single-Story Residential Home represents a Strong Value Opportunity, listed at $639,000—positioned well above the $609,485 Fair Market Value by -4%. While priced slightly above market, the property offers a premium lifestyle in the Painted Desert Golf Community, featuring a Sparkling Pool, Tranquil Atrium, and Open Floor Plan. With a Fair Condition Rating (1988 build), the home provides a solid foundation for cosmetic modernization. This property is an ideal acquisition for Owner-Occupants seeking a resort-style lifestyle or Buy-and-Hold Investors targeting long-term community appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5216 Painted Lakes Way Subject | $624,999* List Price | 3 | 2 | 2,510 | $241 | - |
A 7421 Painted Shadows Way Sold | $720,000 | 4 | 3 | 3,098 | $232 | 0.2 mi |
B 7520 ORANGE HAZE Way Sold | $520,000 List Price | 3 | 2 | 2,294 | 0.1 mi | |
C 7208 Crooked Bow Circle Sold | $480,000 | 3 | 3 | 1,570 | $306 | 0.5 mi |
D 5613 BURDEL Street Sold | $512,500 | 3 | 2 | 2,238 | $229 | 0.8 mi |
E 5613 Burdel Street Sold | $512,500 | 3 | 2 | 2,238 | $229 | 0.8 mi |
F 5436 DESERT VALLEY Drive Sold | $528,000 | 3 | 3 | 1,937 | $273 | 0.6 mi |
G 5436 Desert Valley Drive Sold | $528,000 | 3 | 3 | 1,937 | $273 | 0.6 mi |
H 5436 Desert Valley Drive Sold | $528,000 | 3 | 3 | 1,937 | $273 | 0.6 mi |
I 7468 Orange Haze Way Pending | $739,000 List Price | 4 | 3 | 2,728 | $271 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1988 (36 years old), the property is well-maintained and move-in ready but remains dated. While the kitchen has been partially updated with stone countertops and stainless steel appliances, the cabinetry, bathroom fixtures, and fluorescent lighting boxes reflect older design standards consistent with the 'Fair' criteria for homes over 20 years old needing cosmetic updates.
Located in the prestigious Painted Desert community, this property offers an upscale lifestyle with access to golf, tennis, pickleball, and clubhouse dining.
The sought-after single-story floor plan features an open-concept design, a unique tranquil atrium, and a private bar area, making it ideal for both relaxation and entertaining.
The backyard serves as a serene retreat with a sparkling pool, mature landscaping, and a covered patio, providing a move-in-ready space for outdoor living.
Built in 1988, the home may soon require updates to major systems or cosmetic modernizations to compete with newer luxury inventory in the area.
The assigned public schools have mid-range ratings (5-6), which may be a drawback for families specifically seeking top-tier educational districts.
PRICE JUST REDUCED!!!! FABULOUS SINGLE STORY HOME WITH SPARKLING POOL IN PRESTIGIOUS PAINTED DESERT GOLF COMMUNITY. Welcome home to this beautifully maintained single story home with an open floor plan and private backyard with pool and covered patio. This home has 3 bedrooms, and 2 full bathrooms with a tranquil atrium and bar area perfect for entertaining. The kitchen is open to the family room that leads to the serene covered patio area and gorgeous backyard showcasing the pool and mature landscaping. This home is perfect for relaxing or entertaining with friends and family. All appliances are included and has a laundry room and 2 car garage. Enjoy golfing, tennis and pickle ball as well as dining in the clubhouse. Centrally located with shopping, restaurants and freeways close by. This home is a must see!
No exterior & parking available.
Grades PK-5 • 0.9 mi
Grades PK-5 • 1.3 mi
Grades 6-8 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 2,510 | - |
| Lot Size | 8,276 | - |
| Price | $625.0K | $474.8K |
| Price per sq ft | $249 | $257 |
| Built year | 1988 | 0 |
| HOA | $168 | $0 |
| Days on market | 20 | 526 |
Jul 13, 2026
$624,999
$639,000
-2% Price Drop
Initial Listing
Jul 2, 2026
$639,000
Initial Listing