7220 Lake Farm Avenue, Las Vegas, NV 89131, Las Vegas, 89131 - 4 bed, 3 bath
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Las Vegas, NV 89131
This Single-Family Residence represents a High-Potential Investment Opportunity, listed at $1,150,000—positioned above the $1,003,978 Fair Market Value. While the property requires modernization, its Fair Condition Rating is offset by a massive 0.48-acre lot and a private swimming pool. The expansive 3,596 sqft floor plan and gated RV parking provide significant value-add potential for those looking to renovate and reposition this asset. This property is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a spacious, customizable estate in a gated community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7220 Lake Farm Avenue Subject | $1,150,000* List Price | 4 | 3 | 3,596 | $279 | - |
A 7631 Man O War Street Sold | $1,074,000 | 5 | 5 | 4,332 | $248 | 0.5 mi |
B 7112 Via Campanile Avenue Active | $840,000 List Price | 4 | 4 | 3,345 | $251 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2001 (23 years old), the property falls into the 'Fair' category as it is over 20 years old and remains largely dated. While the flooring has been updated to modern laminate/LVP, the kitchen retains older white appliances and the primary bathroom features original gold-trimmed shower enclosures and glass block windows that require modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20909, living area = 3596.
Discover an exceptional living experience in this sprawling single-story residence, ideally positioned for those appreciating generous proportions and exquisite details. This distinguished home offers an unparalleled fusion of comfort and refined style, cultivating an inviting ambiance from the moment of entry. The substantial 3,596 square foot living area affords abundant space and vaulted ceilings for tranquil relaxation and grand entertaining, meticulously designed for a sophisticated lifestyle. The property features four meticulously appointed bedrooms and two-and-a-half elegantly finished bathrooms, ensuring utmost privacy and convenience. Indulge in the luxury of a private swimming pool, an idyllic temperature controlled sun room, for sun-drenched afternoons and a captivating centerpiece for outdoor social events. Venture outdoors to a meticulously landscaped private yard, featuring a gracious covered patio, a charming courtyard, gated RV or boat parking, creating a true entertainer's haven. Distinctive interior amenities include large open floor plan, and vaulted ceilings. This remarkable residence embodies a significant opportunity to embrace a lifestyle characterized by comfort, distinction, and timeless allure. Located in a small, gated neighborhood, Salt Creek, this community is unique with a large corner lot, nearly half an acre! This home is truly one of a kind.
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 | 3,596 | - |
| Lot Size | 20,909 | - |
| Price | $1.15M | $474.8K |
| Price per sq ft | $320 | $257 |
| Built year | 2001 | 0 |
| HOA | $103 | $0 |
| Days on market | 36 | 526 |
Jun 16, 2026
$1,150,000
Initial Listing