8217 Ocean Terrace Way, Las Vegas, NV 89128, Las Vegas, 89128 - 4 bed, 3 bath
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Las Vegas, NV 89128
This Spacious South Shores Residence is a Strong Value Opportunity, listed at $700,000—positioned well below the $740,248 Fair Market Value by 5%. This valuation gap offers $40,248 in Instant Equity. The home features a Good Condition Rating with a Granite Kitchen, New Laminate Flooring, and a private Patio. Located near Allegiant Stadium and the top-rated Ernest Becker Middle School, it combines lifestyle perks with investment security. This is an ideal opportunity for Owner-Occupants or Buy-and-Hold Investors seeking a turnkey asset in a premier lake community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8217 Ocean Terrace Way Subject | $654,999* List Price | 4 | 3 | 3,099 | $202 | - |
A 8229 Sedona Sunrise Drive Sold | $650,000 | 4 | 3 | 2,937 | $221 | 0.5 mi |
B 7808 Waterfalls Avenue Sold | $650,000 List Price | 4 | 3 | 3,330 | 0.4 mi | |
C 2012 White Falls Street Sold | $660,000 | 4 | 4 | 3,025 | $218 | 0.4 mi |
D 2012 White Falls Street Sold | $660,000 | 4 | 4 | 3,025 | $218 | 0.4 mi |
E 8233 Tivoli Cove Drive Sold | $685,000 | 5 | 3 | 3,490 | $196 | 0.1 mi |
F 8233 TIVOLI COVE Drive Sold | $685,000 | 5 | 3 | 3,490 | $196 | 0.1 mi |
G 2116 Interbay Street Active | $649,999 List Price | 4 | 3 | 3,330 | $195 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features key modern updates including new laminate flooring and granite countertops in the kitchen. While the home was built in 1990, these recent improvements combined with the overall well-maintained appearance of the interior and exterior elevate it to 'good' condition. It shows minimal wear and tear in the primary living areas, though some elements like the carpeting and fixtures reflect a more traditional style consistent with its age.
Situated in the highly desirable South Shores lake community, this property offers an enviable lifestyle with quick access to major Las Vegas entertainment hubs including Allegiant Stadium and T-Mobile Arena.
The home features significant recent improvements, including new laminate flooring and a spacious kitchen equipped with granite countertops, providing a contemporary and move-in-ready aesthetic.
With over 3,000 square feet of living space, four bedrooms, and multiple dining areas including a breakfast nook and formal dining room, the floor plan is exceptionally well-suited for large families and entertaining.
Built in 1990, the home may require upcoming maintenance or updates to original major systems, such as the roof or HVAC, to meet modern efficiency standards.
While the local elementary and middle schools perform well, the assigned high school currently holds a lower rating, which may be a consideration for families prioritizing long-term educational consistency.
Enjoy living in the highly desirable South Shores lake community, just minutes from Allegiant Stadium (Raiders), Las Vegas Ballpark (Aviators), and T-Mobile Arena (Golden Knights). This home features new laminate flooring, a spacious kitchen with granite countertops, an eating bar, breakfast nook, and formal dining area.
No exterior & parking available.
Grades PK-5 • 0.6 mi
Grades PK-5 • 1.6 mi
Grades PK-5 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 62% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,099 | 1,994 | 91% |
| Lot Size | 6,534 | 5,227 | 65% |
| Price | $655.0K | $408.0K | 91% |
| Price per sq ft | $211 | $226 | 44% |
| Built year | 1990 | 1992 | 44% |
| HOA | $115 | $0 | 84% |
| Days on market | 26 | 1154 | 0% |
Apr 18, 2026
$654,999
$685,000
-4% Price Drop
Initial Listing
Apr 10, 2026
$685,000
$700,000
-2% Price Drop
Initial Listing
Mar 27, 2026
$700,000
Initial Listing