
Henderson, NV 89015
Analysis of 622 North Parawan Street, Henderson, NV 89015 is currently available with a list price of $2,500,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Henderson Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property is 22 years old (built 2002), placing it in the Fair category. While the guest house is functional and move-in ready, the primary 11,000 sqft estate is currently an unfinished framed shell. The existing kitchen and bathroom finishes in the guest house are dated to the early 2000s and require modernization to align with the property's luxury potential.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 81022, living area = 11225.
With over 11,000 square feet already framed on a nearly two-acre lot, this property offers a rare 'blank canvas' opportunity to design and finish a landmark estate to exact personal specifications.
The premier elevated homesite provides unobstructed, sweeping views of the Las Vegas Valley and the western mountain range, significantly enhancing the prestige and long-term value of the estate.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 11225, other record living area = 9729. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 13, other record bedroom count = 7.
The property is currently in a framed state with utilities only, requiring a buyer with significant additional capital, time, and expertise to manage the completion of a high-end custom build.
The massive 13-bedroom scale and $2.5M entry price for an unfinished shell create a complex acquisition that may face challenges with traditional financing and a limited pool of qualified buyers.
An Extraordinary Opportunity to Create a Landmark Estate Perched on a premier nearly two-acre homesite with sweeping panoramic views of the Las Vegas Valley and the majestic western mountain range, this custom luxury estate presents a rare opportunity to complete a one-of-a-kind masterpiece tailored to your vision. Already framed and featuring all utilities onsite, the expansive 11,000-square-foot residence offers an exceptional foundation for a truly spectacular custom home. Designed for grand-scale living and entertaining, the estate includes a separate 1,500-square-foot guest house, providing ideal accommodations for guests, extended family, or private office space. Outdoor amenities are equally impressive, highlighted by a collegiate-size basketball court and ample space to create the ultimate resort-style backyard, complete with a custom pool, spa, and outdoor living areas. With its commanding setting, unparalleled views, and limitless potential for customization, this estate is poised to become one of the area's most distinguished residences. Bring your vision to life and create a legacy property unlike any other in the valley.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 13.0 | 3.0 |
| Baths | 9.0 | 3.0 |
| Square foot | 11,225 | 2,064.015 |
| Lot Size | 81,022 | 6,098 |
| Price | $2.50M | $525.0K |
| Price per sq ft | $223 | $265 |
| Built year | 2002 | 2005 |
| HOA | $0 | $110 |
| Days on market | 58 | 70 |
Jul 13, 2026
$2,500,000
Initial Listing