7987 East Placid Street, Las Vegas, NV 89123, Las Vegas, 89123 - 2 bed, 1 bath
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Las Vegas, NV 89123
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.
Property is land value only, full reconstruction required.
The property was built in 1957 (67+ years old) with no evidence of significant renovations. Marketed explicitly as a 'Builder’s Delight' and 'Developer Opportunity,' the value lies entirely in the 3.03 acres of land. The existing 784 sq. ft. structure is functionally obsolete for the price point and location.
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.
Spanning 3.03 acres across two contiguous parcels, this property offers a rare and expansive footprint ideal for a private custom estate or a multi-unit residential subdivision.
Located minutes from the Strip and airport with easy access to I-15 and I-215, the site is perfectly positioned near the future Brightline High-Speed Rail Station.
The current 784 sq. ft. structure built in 1957 provides negligible functional value, likely requiring demolition or a complete rebuild to realize the land's highest and best use.
At a $1.6 million price point, the acquisition is heavily weighted toward land value, necessitating substantial additional capital for site preparation and infrastructure development.
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!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 784 | - |
| Lot Size | 98,881 | - |
| Price | $1.60M | $474.8K |
| Price per sq ft | $2.0K | $257 |
| Built year | 1957 | 0 |
| HOA | $0 | $0 |
| Days on market | 14 | 526 |
Jul 8, 2026
$1,600,000
Initial Listing