7518 LUNA DEL REY Street, Las Vegas, NV 89123, Las Vegas, 89123 - 3 bed, 3 bath
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Las Vegas, NV 89123
This Strong Value Opportunity is a 3-bedroom single-family residence listed at $430,000, positioned above the $391,651 Fair Market Value. While the property requires cosmetic updates to address its Fair Condition Rating, it offers a desirable master-down layout and a spacious corner lot with a flagstone patio. Located in a gated community with a pool, the home provides a solid foundation for personalization. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term value through strategic renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7518 LUNA DEL REY Street Subject | $430,000* List Price | 3 | 3 | 1,846 | $212 | - |
A 7623 Silent Falls Street Sold | $482,500 | 3 | 3 | 1,829 | $264 | 0.2 mi |
B 2352 Heavenly Lights Avenue Sold | $399,900 List Price | 4 | 3 | 1,829 | 0.1 mi | |
C 2350 Crooked Creek Avenue Sold | $389,500 | 3 | 3 | 1,846 | $211 | 0.0 mi |
D 2225 Heavenly Lights Avenue Active | $489,000 List Price | 3 | 3 | 1,829 | $267 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2002, the property is 24 years old, placing it in the 'Fair' category. While the listing mentions stainless appliances and upgraded tile, the images show original oak-style cabinetry and basic fixtures in the bathroom that are dated. At this age, major systems like HVAC and the roof are likely nearing the end of their typical service life, and the interior requires cosmetic modernization to meet current market standards.
The primary suite is conveniently located on the main floor, a highly sought-after feature that provides long-term accessibility and separation from secondary bedrooms.
Situated on a spacious corner lot, the property features a wrap-around yard and a flagstone patio accessible via French doors, offering superior outdoor space for entertaining.
Located within a secure gated community, residents enjoy added privacy and access to a community pool, enhancing the overall lifestyle and neighborhood appeal.
The association fee of $280 per month is relatively high for the area, which may impact the monthly affordability and debt-to-income ratio for some buyers.
While the elementary school is well-rated, the assigned middle and high schools carry average ratings of 5/10, which could be a drawback for education-focused families.
**BEAUTIFUL HOME ON LARGE CORNER LOT** OPEN FLOOR PLAN, MASTER DOWN, UPGRADED TILE THROUGHOUT KITCHEN AND DINING AREA, STAINLESS APPLIANCES, BREAKFAST NOOK WITH BAY WINDOW, FRENCH DOORS OPEN TO FLAGSTONE PATIO WITH WRAP AROUND YARD, UPGRADED CEILING FANS, GATED COMMUNITY WITH COMMUNITY POOL**
No exterior & parking available.
Grades PK-5 • 1.9 mi
Grades 6-8 • 1.5 mi
Grades 9-12 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,846 | 1,890.5 | 46% |
| Lot Size | 4,792 | 6,098 | 28% |
| Price | $430.0K | $420.0K | 51% |
| Price per sq ft | $233 | $237 | 48% |
| Built year | 2002 | 1997 | 80% |
| HOA | $280 | $0 | 99% |
| Days on market | 17 | 626 | 0% |
May 20, 2026
$430,000
Initial Listing