7987 East Placid Street, Las Vegas, NV 89123, Las Vegas, 89123 - 2 bed, 1 bath
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7987 East Placid Street
Las Vegas, NV 89123
ACTIVE
CONDITION: TEAR DOWN
2Beds
1Baths
784Sq Ft
98,881Lot Size
Property Price
LIST PRICE$1,600,000
SUMMARY
Analysis of 7987 East Placid Street, Las Vegas, NV 89123 is currently available with a list price of $1,600,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Las Vegas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
The property was built in 1957 (67 years old) with no recorded renovations. It is explicitly marketed as a 'Builder’s Delight' and 'Developer Opportunity' for its 3.03-acre land value. The small 784 sq. ft. structure is obsolete for the site's highest and best use and likely unlivable.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 98881, living area = 784.
- Significant Development Potential
The offering includes two contiguous parcels totaling 3.03 acres, providing a rare and expansive footprint for a luxury custom estate or a multi-unit residential subdivision in a high-demand area.
- Prime Strategic Location
Situated in the booming south valley with easy access to I-15 and I-215, the property is minutes from the Las Vegas Strip, the airport, and the future Brightline High-Speed Rail Station.
CONSRISKS & DEFICIENCIES
- Minimal Structural Value
The existing 784 sq. ft. structure built in 1957 holds negligible value relative to the list price, necessitating significant demolition or redevelopment costs to realize the land's highest and best use.
- High Capital Requirement
With a $1.6 million asking price primarily for land value, this opportunity requires a sophisticated buyer with substantial liquid capital for both acquisition and site improvement.
About 7987 East Placid Street
BUILDER’S DELIGHT & LUXURY DEVELOPER OPPORTUNITY! Rare offering of 2 contiguous parcels totaling 3.03 acres in a booming south valley pocket. Prime location offering easy access to both I-15 and I-215 via Windmill, placing you minutes from the Strip, airport, and the highly anticipated future Brightline High-Speed Rail Station at Las Vegas Blvd.. Sold together as a package deal including a vacant land 7996 La Cienega St (APN: 177-09-802-011) and 7987 Placid St (APN: 177-09-802-012), which features a 784 sq. ft. structure. Presenting an ideal footprint to build a private custom estate or explore the possibility of single-family residential development. Don't miss out on a rare chance to secure a massive footprint right in the path of Las Vegas's most exciting infrastructure and transit expansions!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1957
- Lot Size
- 98,881 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 784 | 1,961.945 |
| Lot Size | 98,881 | 6,098 |
| Price | $1.60M | $486.0K |
| Price per sq ft | $2.0K | $259 |
| Built year | 1957 | 2002 |
| HOA | $0 | $83 |
| Days on market | 63 | 62 |
Pricing History
Listed for Sale
Jul 8, 2026
$1,600,000
Initial Listing