5240 East Monroe Avenue, Las Vegas, NV 89110, Las Vegas, 89110 - 5 bed, 4 bath
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Las Vegas, NV 89110
This Fully Remodeled Compound represents a High-Potential Investment Opportunity, listed at $799,900—positioned well below the $826,392 Fair Market Value by 3%. This valuation gap offers $26,492 in Instant Equity. Featuring a 2-bedroom guest house, horse-zoned lot, and resort-style pool, the property maintains a Condition Rating of 2. While local schools have lower ratings, the extensive $100,000 in concrete upgrades and versatile layout make this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking multi-generational living.
Property is new construction or fully renovated.
The property has undergone a full modern remodel within the last 5 years, featuring updated kitchens and bathrooms, new luxury vinyl plank flooring, and fresh paint throughout. Despite the 1990 build date, the interior is in mint condition with an open-concept design and high-end finishes, requiring no immediate maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 21780, living area = 3123.
The property features a fully equipped 2-bedroom guest house with its own kitchenette and laundry, providing an ideal setup for rental income, guests, or extended family.
Situated on a half-acre horse-zoned lot, the estate includes dual electric RV gates and $100,000 in premium concrete work, offering unmatched space for boats, trailers, and work vehicles.
The property is zoned for schools with lower performance ratings, particularly the local high schools which carry a rating of 2, potentially impacting appeal for families.
While the home is extensively remodeled, the 1990 build date means some underlying structural or mechanical systems may be older than those found in newer Las Vegas developments.
Welcome to a truly one-of-a-kind, fully remodeled estate offering the perfect blend of luxury, functionality, and versatility. Situated on a spacious, fully gated compound zoned for horses, this exceptional property features dual oversized electric RV gates on each side, providing unmatched access for RVs, boats, trailers, work vehicles, and all your recreational toys. The main residence offers 3 spacious bedrooms and 2 beautifully updated bathrooms, showcasing modern finishes, an open-concept design, and designer touches throughout. The guest house is a home of its own, featuring 2 bedrooms, 1 bathroom, a full kitchenette, and a private laundry room, making it ideal for multi-generational living, guests, or rental income. The resort-style backyard is designed for entertaining with a sparkling pool, a dedicated pool bathroom, and a separate storage building for added convenience. Over $100,000 was invested in premium concrete work, creating expansive driveways, patios, walkways, and generous parking areas that maximize the property's usability and curb appeal. Whether you're looking for space to accommodate horses, recreational vehicles, a home business, or extended family, this rare compound offers endless possibilities. With its gated privacy, extensive upgrades, modern finishes, and incredible flexibility, this is a unique opportunity to own an exceptional property that is unlike anything else on the market.
No exterior & parking available.
Grades PK-5 • 0.5 mi
Grades PK-5 • 1.1 mi
Grades PK-5 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 3,123 | - |
| Lot Size | 21,780 | - |
| Price | $799.9K | $474.8K |
| Price per sq ft | $256 | $257 |
| Built year | 1990 | 0 |
| HOA | $0 | $0 |
| Days on market | 9 | 526 |
Jul 13, 2026
$799,900
Initial Listing