7535 Majestic Bay Street, Las Vegas, NV 89131, Las Vegas, 89131 - 4 bed, 2 bath
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Las Vegas, NV 89131
This 4-bedroom single-story residence represents a Strong Value Opportunity, listed at $399,000—positioned well below the $424,496 Fair Market Value by 6%. This valuation gap provides $25,496 in Instant Equity for buyers. With a Condition Rating of 4, the home requires cosmetic updates, offering significant potential for forced appreciation. Featuring a three-car garage, mountain views, and a private backyard, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build wealth through sweat equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7535 Majestic Bay Street Subject | $399,000* List Price | 4 | 2 | 1,813 | $234 | - |
A 5112 Amethyst Creek Court Sold | $415,000 | 4 | 2 | 1,687 | $246 | 0.3 mi |
B 7509 Evening Falls Drive Sold | $425,000 | 3 | 2 | 1,710 | $249 | 0.2 mi |
C 7515 Splashing Rock Drive Sold | $425,000 | 3 | 2 | 1,674 | $254 | 0.1 mi |
D 7515 Splashing Rock Drive Sold | $425,000 | 3 | 2 | 1,674 | $254 | 0.1 mi |
E 4916 Morning Splash Avenue Sold | $435,000 | 3 | 3 | 1,684 | $258 | 0.4 mi |
F 7547 Rolling River Drive Sold | $359,900 | 3 | 2 | 1,413 | $255 | 0.2 mi |
G 7630 MORNING LAKE Drive Sold | $415,000 | 3 | 2 | 1,594 | $260 | 0.3 mi |
H 5008 Apache Valley Avenue Sold | $355,000 | 3 | 2 | 1,396 | $254 | 0.9 mi |
I 7545 Coral River Drive Active | $465,000 List Price | 3 | 2 | 1,674 | $278 | 0.1 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 >20-year category. The listing description explicitly states it 'needs some cosmetic love' and offers 'sweat equity,' confirming that the interior finishes, likely including the kitchen and bathrooms, are dated and require minor repairs or updates.
The property features a superior location with no rear neighbors and a 2.5-acre lush greenbelt directly in front, offering both privacy and scenic mountain views.
This highly desirable single-story layout includes four bedrooms and a rare three-car garage, providing ample storage and accessibility within a gated community.
Priced to reflect its need for cosmetic updates, the home presents a rare opportunity for buyers to build immediate sweat equity in the sought-after Lynbrook subdivision.
The interior requires cosmetic repairs and updates, which will necessitate an additional investment of time and capital immediately following the purchase.
While the elementary school is highly rated, the assigned middle and high schools have lower performance scores, which may be a consideration for education-focused families.
OPPORTUNITY IS KNOCKING! This 4-bedroom, single-story house is nestled within a well-kept, gated community, just far enough away from the hustle and bustle of the city. 1813 sf of living space. Kitchen island opens to family room with lofty ceilings, a cozy fireplace and slider out to a large, covered patio and private backyard with mature landscaping. Plenty of storage and room for toys in your three-car garage. Nearby, you can enjoy mountains, trails, Floyd Lamb Park, and more. No neighbors behind and 2.5 acres of lush greenbelt right out your front door. This house needs some cosmetic love and is priced accordingly, offering you the rare opportunity to save some cash and build some quick sweat equity in this gorgeous neighborhood.
No exterior & parking available.
Grades PK-5 • 0.5 mi
Grades 6-8 • 1.3 mi
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,813 | - |
| Lot Size | 5,663 | - |
| Price | $399.0K | $474.8K |
| Price per sq ft | $220 | $257 |
| Built year | 2002 | 0 |
| HOA | $90 | $0 |
| Days on market | 5 | 526 |
Jul 23, 2026
$399,000
Initial Listing