8108 Rio De Janeiro Drive, Las Vegas, NV 89128, Las Vegas, 89128 - 5 bed, 4 bath
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8108 Rio De Janeiro Drive
Las Vegas, NV 89128
ACTIVE
CONDITION: GOOD
5Beds
4Baths
2,556Sq Ft
3,920Lot Size
Property Price
LIST PRICE$480,000
EST. MARKET VALUE
$505,390
5% BelowMARKET VALUE
SUMMARY
This Spacious Single-Family Residence is a Strong Value Opportunity, listed at $480,000—positioned well below the $505,390 Fair Market Value by 5%. This valuation gap offers $25,390 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home includes recent cosmetic updates, a 3-car garage, and a multi-view fireplace. Located in a prime Summerlin-adjacent area with No HOA fees, this property is an ideal acquisition for Owner-Occupants or first-time buyers seeking lifestyle convenience.
Estimated Market Value
$505,390+$25,390 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Las Vegas.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8108 Rio De Janeiro Drive Subject 5 bd · 4 ba · 2,556 sqft · $198 | $480,000* List Price | 5 | 4 | 2,556 | $198 | - |
A 1001 Washington Oaks Street Sold 4 bd · 4 ba · 2,556 sqft · $156 · 0.1 mi | $400,000 | 4 | 4 | 2,556 | $156 | 0.1 mi |
B 8325 Classic Villa Court Sold 4 bd · 3 ba · 2,080 sqft · $221 · 0.3 mi | $460,000 | 4 | 3 | 2,080 | $221 | 0.3 mi |
C 7829 Desert Candle Way Sold 4 bd · 3 ba · 2,437 sqft · $230 · 0.6 mi | $560,000 | 4 | 3 | 2,437 | $230 | 0.6 mi |
D 1720 Plata Pico Drive Sold 3 bd · 3 ba · 2,210 sqft · $230 · 0.8 mi | $508,000 | 3 | 3 | 2,210 | $230 | 0.8 mi |
E 1513 Lucia Drive Sold 4 bd · 3 ba · 2,080 sqft · $211 · 0.9 mi | $439,000 | 4 | 3 | 2,080 | $211 | 0.9 mi |
F 1004 Washington Oaks Street Active 4 bd · 4 ba · 2,556 sqft · $222 · 0.1 mi | $568,000 List Price | 4 | 4 | 2,556 | $222 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1995, the property has undergone a recent cosmetic renovation (likely within the last 5 years) featuring new luxury vinyl plank flooring, fresh neutral paint, and updated quartz countertops in the kitchen. While the cabinets appear to be original painted units and the fireplace design is dated, the home is well-maintained, move-in ready, and includes updated stainless steel appliances and a water filtration system.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Amenities
Situated near Summerlin, the property offers exceptional walkability to Trader Joe's, Kellogg Zaher Sports Complex, and various parks, providing a high-end lifestyle with easy access to recreation and shopping.
- No HOA Fees
The absence of a Homeowners Association is a significant financial advantage in the Las Vegas market, offering homeowners both monthly cost savings and greater flexibility with their property.
- Spacious & Functional Layout
With 5 bedrooms, 4 bathrooms, and a 3-car garage, the home provides ample space for large families, complemented by luxury features like a multi-view fireplace and a soaking tub in the primary suite.
CONSRISKS & DEFICIENCIES
- Limited Outdoor Space
The lot size of 3,920 square feet is relatively small for a 2,556 square foot residence, resulting in minimal backyard space for gardening or outdoor entertaining.
- Elementary School Ratings
The assigned elementary schools have lower performance ratings (2 and 4), which may be a concern for families prioritizing high-ranking primary education within their school zone.
About 8108 Rio De Janeiro Drive
Prime location! Summerlin living! Just off Summerlin Parkway, quick and easy access at Buffalo exit or Durango exit. Expected appraisal at $530,000! Priced well under market! No HOA Short walk to Trader Joe's and Winco. Massive dog park with separate big/small areas, a quick walk from home. Nearby Tennis courts, golf course, Rampart casino and Kellogg Zaher Sports complex. Hiking and biking trails headed east and west. Oversized primary bedroom with fireplace. 3 Car garage, high ceilings, 2nd floor washer and dryer. Water softener and filter system.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1995
- Lot Size
- 3,920 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Las Vegas Unified Schools
Edythe & Lloyd Katz Elementary School
Grades PK-5 • 1.5 mi
4/10
James B Mcmillan Elementary School
Grades PK-5 • 1.6 mi
2/10
Walter Johnson Junior High School
Grades 6-8 • 1.1 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 2,556 | 1,959.772 |
| Lot Size | 3,920 | 5,961.915 |
| Price | $480.0K | $484.5K |
| Price per sq ft | $188 | $259 |
| Built year | 1995 | 2001 |
| HOA | $0 | $82 |
| Days on market | 20 | 62 |
Pricing History
Listed for Sale
Oct 4, 2026
$480,000
Initial Listing
Sold
Feb 29, 1996
$160,500
Public Record