5505 Red Sun Drive, Las Vegas, NV 89149, Las Vegas, 89149 - 3 bed, 2 bath
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5505 Red Sun Drive
Las Vegas, NV 89149
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,570Sq Ft
5,227Lot Size
Property Price
LIST PRICE$425,000
EST. MARKET VALUE
$406,269
4% AboveMARKET VALUE
SUMMARY
This Single-Story Residence represents a High-Potential Investment Opportunity, listed at $425,000—positioned above the $406,269 Fair Market Value by 4%. While the property requires modernization, its Condition Rating of 4 and 1,570 square foot layout provide a solid foundation for value-add renovations. Located in a guard-gated community with a private patio, the home offers long-term stability near top-rated schools like Dean Lamar Allen Elementary. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through strategic cosmetic updates.
Estimated Market Value
$406,269
Based on Realkey algorithm analyzing recent comparable sales in Las Vegas.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5505 Red Sun Drive Subject | $425,000* List Price | 3 | 2 | 1,570 | $259 | - |
A 7920 Ben Hogan Drive Sold | $460,000 | 3 | 2 | 1,863 | $247 | 0.3 mi |
B 7749 Kasmere Falls Drive Sold | $405,000 | 4 | 2 | 1,565 | $259 | 0.3 mi |
C 7777 Verde River Way Sold | $439,000 List Price | 3 | 2 | 1,741 | 0.3 mi | |
D 7628 Desert Cactus Circle Sold | $400,000 | 3 | 2 | 1,352 | $296 | 0.5 mi |
E 7800 BEN HOGAN Drive Sold | $325,000 List Price | 2 | 2 | 1,606 | 0.4 mi | |
F 5732 Desert Sky Sold | $471,500 | 4 | 3 | 1,946 | $242 | 0.6 mi |
G 7832 BEN HOGAN Drive Sold | $470,000 | 3 | 2 | 1,682 | $279 | 0.3 mi |
H 7832 BEN HOGAN Drive Sold | $470,000 | 3 | 2 | 1,682 | $279 | 0.3 mi |
I 5424 Red Sun Drive Active | $410,000 List Price | 2 | 2 | 1,570 | $261 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1993 (33 years old), the property is well-maintained but significantly dated. The kitchen and bathrooms retain original oak cabinetry and older fixtures, and popcorn ceilings are visible throughout. While move-in ready, the home requires cosmetic updates and modernization to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Desirable Single-Story Layout
The highly sought-after single-story floor plan offers 1,570 square feet of accessible living space, appealing to a broad demographic including retirees and families seeking a seamless indoor flow.
- Guard-Gated Community Lifestyle
Situated in the Painted Desert subdivision, the property offers the security and prestige of a guard-gated golf course community with a relatively low monthly association fee of $103.
- Low-Maintenance Outdoor Space
The 5,227 square foot lot provides a private backyard retreat designed for relaxation without the burden of extensive landscaping upkeep, ideal for busy professionals or lock-and-leave residents.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1993, the home is over 30 years old and may soon require capital improvements to major systems such as the roof or HVAC if they have not been recently updated.
- Extended Market Time
With 49 days on the market, the property is seeing slower traction than typical high-demand listings, which may indicate the $425,000 price point is slightly high for its current condition or competition.
About 5505 Red Sun Drive
Discover unparalleled comfort in this captivating single-story residence, perfectly situated to embrace a lifestyle of ease and tranquility. This charming home offers a seamless blend of modern amenities and thoughtful design, providing an idyllic retreat from the everyday. Enjoy the spaciousness of three well-appointed bedrooms and two full bathrooms, all designed with both aesthetics and functionality in mind. The expansive living area spans 1570 square feet, offering ample room for relaxation and entertaining. Situated on a 5227 square foot lot, the property provides a private outdoor haven without demanding extensive upkeep. This address places residents in a vibrant Las Vegas community, balancing serene residential living with convenient access to city amenities. Experience the true essence of comfortable living in a home that caters to every need, creating a perfect backdrop for lasting memories.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1993
- Lot Size
- 5,227 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $103 / Month
Neighborhood Insights
Las Vegas Unified Schools
Dean Lamar Allen Elementary School
Grades PK-5 • 0.8 mi
6/10
Ruthe Deskin Elementary School
Grades PK-5 • 1.5 mi
5/10
Justice Myron E Leavitt Middle School
Grades 6-8 • 1.1 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,570 | 1,961.945 |
| Lot Size | 5,227 | 6,098 |
| Price | $425.0K | $486.0K |
| Price per sq ft | $271 | $259 |
| Built year | 1993 | 2002 |
| HOA | $103 | $83 |
| Days on market | 61 | 62 |
Pricing History
Listed for Sale
Jul 10, 2026
$425,000
Initial Listing