8430 Gagnier Boulevard, Las Vegas, NV 89113, Las Vegas, 89113 - 1 bed, 1 bath
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8430 Gagnier Boulevard
Las Vegas, NV 89113
ACTIVE
CONDITION: FAIR
1Beds
1Baths
768Sq Ft
40,946Lot Size
Property Price
LIST PRICE$750,000
SUMMARY
Opportunity to own 2 acres in Southwest Las Vegas! This listing includes the nearly 1-acre lot at 8430 Gagnier Blvd, featuring a cozy 1-bedroom, 1-bathroom home—perfect as a starter home, rental, or future redevelopment site. Important: This property is being sold together with the adjacent 1.16-acre vacant lot (Parcel #176-16-201-058). Both parcels are listed at $1,495,000 and will not be sold separately. Whether you're looking to develop a 4-home custom community, build a private estate with space for guest homes, or hold as a long-term investment, this location offers flexibility and future value. Surrounded by new custom homes and growth, this is a rare chance to own side-by-side parcels in a highly desirable area of Southwest Las Vegas.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property features a small 768-square-foot residence built in 1997. While the exterior appears functional and the listing suggests it could serve as a rental or starter home, it is nearly 30 years old with no mention of recent renovations to the kitchen, bathroom, or major systems. The structure is significantly undersized and outdated compared to the surrounding modern custom homes, and the listing explicitly highlights the property's value as a redevelopment site, indicating the building has reached the end of its competitive lifespan for the area.
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 = 40946, living area = 768.
- Great Schools
Elementary School: Evelyn Stuckey Elementary School (9/10).
- Significant Development Potential
The combined 2-acre footprint in Southwest Las Vegas offers a rare opportunity for redevelopment into a four-home custom community or a massive private estate with guest quarters.
CONSRISKS & DEFICIENCIES
- Mandatory Package Purchase
The property is tied to an adjacent parcel and cannot be purchased separately, requiring a total investment of $1,495,000, which may limit the pool of interested buyers.
- Minimal Structural Value
The current 768-square-foot residence is very small for the price point, meaning the value is almost entirely in the land and will likely necessitate demolition or major expansion.
About 8430 Gagnier Boulevard
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1997
- Lot Size
- 40,946 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Las Vegas Unified Schools
William V Wright Elementary School
Grades PK-5 • 1.5 mi
6/10
Robert L Forbuss Elementary School
Grades PK-5 • 1.9 mi
7/10
Carolyn S Reedom Elementary School
Grades PK-5 • 1.9 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 768 | 1,959.772 |
| Lot Size | 40,946 | 5,961.915 |
| Price | $750.0K | $484.5K |
| Price per sq ft | $977 | $259 |
| Built year | 1997 | 2001 |
| HOA | $0 | $82 |
| Days on market | 540 | 62 |
Pricing History
Listed for Sale
May 2, 2025
$750,000
Initial Listing