706 Lacy Lane, Las Vegas, NV 89107, Las Vegas, 89107 - 4 bed, 3 bath
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Las Vegas, NV 89107
This property presents a High-Potential Investment Opportunity with a List Price of $880,000—positioned well below the $911,152 Fair Market Value by 3%. This valuation gap offers $31,152 in Instant Equity. Featuring a Condition Rating of 3, the home includes a detached casita and multiple kitchens, providing significant versatility. The rare half-acre lot and lack of HOA restrictions offer substantial upside for forced appreciation. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking multi-generational living potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 706 Lacy Lane Subject | $880,000* List Price | 4 | 3 | 3,541 | $257 | - |
A 220 CANYON Drive Sold | $679,990 List Price | 3 | 2 | 2,446 | 0.5 mi | |
B 2501 Wimbledon Drive Sold | $999,777 List Price | 4 | 3 | 3,630 | 0.9 mi | |
C 3109 Conners Drive Pending | $1,100,000 List Price | 5 | 3 | 3,671 | $300 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1958, the property has undergone significant renovations within the last 5-15 years. The interior features modern wood-look tile flooring, updated shaker-style kitchen cabinets, stone countertops, and contemporary backsplash. The home appears move-in ready and functional, though some ceiling textures and exterior finishes reflect the home's age.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 23522, living area = 3541.
The rare half-acre lot in central Las Vegas provides significant outdoor space and privacy, a premium feature for the area.
Featuring a detached casita and multiple kitchens, the property offers exceptional flexibility for extended family or potential rental income.
Originally built in 1958, the home may require ongoing maintenance or updates to aging systems despite recent cosmetic upgrades.
The presence of multiple kitchens and flexible spaces may result in a fragmented floor plan that lacks the flow of a modern open-concept design.
MAJOR PRICE IMPROVEMENT! Exceptional opportunity to own a rare half-acre property in central Las Vegas. This beautifully upgraded single-story home offers a versatile floor plan with multiple living areas, including a detached casita and additional flexible-use spaces with multiple kitchens—ideal for multi-generational living or investment potential. Spacious backyard to create your dream outdoor retreat. Conveniently located near shopping, dining, schools, and freeway access. Motivated seller—don't miss this unique opportunity!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 3,541 | - |
| Lot Size | 23,522 | - |
| Price | $880.0K | $474.8K |
| Price per sq ft | $249 | $257 |
| Built year | 1958 | 0 |
| HOA | $0 | $0 |
| Days on market | 10 | 526 |
Jul 12, 2026
$880,000
Initial Listing
Jun 28, 1994
$150,000
Public Record