5881 S Sandhill Road, Las Vegas, NV 89120, Las Vegas, 89120 - 5 bed, 4 bath
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Las Vegas, NV 89120
This Unique Multi-Generational Estate is a Strong Value Opportunity, listed at $895,000—positioned well below the $906,513 Fair Market Value by 1%. This valuation gap offers $11,513 in Instant Equity. Featuring a Condition Rating of 3, the home includes a remodeled chef’s kitchen, covered patio, and a separate casita with its own kitchen and laundry. The expansive 1-acre lot and private well provide significant utility savings and room for expansion. This property is perfectly suited for Owner-Occupants or Multi-Generational Families.
Property is move-in ready.
The property is move-in ready and has undergone significant recent updates, particularly in the bathrooms which feature modern tile work, glass-enclosed showers, and updated fixtures. While the kitchen cabinets retain a vintage 1970s flat-panel style, they are well-maintained and complemented by newer stainless steel appliances, including four ovens. The living areas feature updated wood-look flooring and recessed lighting, though the 1975 build date and some original architectural elements like the fireplace prevent an 'excellent' rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 40511, living area = 2856.
The rare 1-acre lot includes a private well with a right to 1,800 gallons of water daily for only $20 per year, offering massive long-term savings on irrigation and landscaping.
A separate casita/studio featuring its own private entrance, kitchen, bathroom, and laundry provides excellent flexibility for guest housing, a home office, or rental income.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2856, other record living area = 2356. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
Located just 3 miles from Harry Reid International Airport, the property is likely subject to significant aircraft noise, which may affect the tranquility of the outdoor living spaces.
While the home is newly remodeled, the original 1975 construction may still harbor aging mechanical or structural systems that could require more maintenance than a modern build.
1 ACRE! SEPARATE CASITA/STUDIO! 3 MILES EAST OF HARRY REID AIRPORT! PRIVATE WELL! With the right of up to 1,800 GALLONS A DAY! @ ONLY $20 PER YEAR! Save THOUSANDS a year on your water bill to irrigate your farm!!! **RARE** Opportunity! Drive around spacious property with an EAST entrance & SOUTH entrance that loops around the home. Connected to City Sewer, and gas. This newly remodeled home boast an open floorpan with Huge Living Room, Fireplace, Large Kitchen with 4 OVENS, Big rooms, 2 car garage, 2 vehicle carport, separate casita/studio with private entrance, bathroom, kitchen & laundry. Giant covered patio, Gazebo. Many mature trees including Pomegranate trees that produce lots of fruit, and SO MUCH more room to expand/create!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 81% |
| Baths | 4.0 | 3.0 | 80% |
| Square foot | 2,856 | 2,128 | 70% |
| Lot Size | 40,511 | 10,454 | 95% |
| Price | $895.0K | $450.0K | 90% |
| Price per sq ft | $313 | $216 | 94% |
| Built year | 1975 | 1979 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 94 | 655 | 1% |
Mar 14, 2026
$895,000
Initial Listing