8704 South Red Rio Drive Unit 203, Las Vegas, NV 89128, Las Vegas, 89128 - 3 bed, 2 bath
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8704 South Red Rio Drive Unit 203
Las Vegas, NV 89128
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,412Sq Ft
0Lot Size
Property Price
LIST PRICE$365,000
EST. MARKET VALUE
$328,099
11% AboveMARKET VALUE
SUMMARY
This Condominium is a High-Potential Investment Opportunity, listed at $365,000—positioned well above the $328,099 Fair Market Value by 11%. While priced above market, the unit features Recent Mechanical Upgrades including a new A/C and water heater, alongside a Granite Kitchen Countertop and Panoramic Mountain Views. With a Fair Condition Rating and a $3,000 flooring incentive, the property offers a value-add opportunity for cosmetic updates. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a resort-style lifestyle in Northwest Summerlin.
Estimated Market Value
$328,099
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 |
|---|---|---|---|---|---|---|
★ 8704 South Red Rio Drive Unit 203 Subject 3 bd · 2 ba · 1,412 sqft · $232 | $365,000* List Price | 3 | 2 | 1,412 | $232 | - |
A 8720 Red Brook Drive 203 Sold 3 bd · 2 ba · 1,412 sqft · $230 · 0.1 mi | $325,000 | 3 | 2 | 1,412 | $230 | 0.1 mi |
B 1708 Sky Of Red Drive 204 Sold 2 bd · 2 ba · 1,333 sqft · $224 · 0.1 mi | $299,000 | 2 | 2 | 1,333 | $224 | 0.1 mi |
C 1705 Sky Of Red Drive 103 Sold 3 bd · 2 ba · 1,273 sqft · $232 · 0.1 mi | $295,000 | 3 | 2 | 1,273 | $232 | 0.1 mi |
D 1700 Sky Of Red Drive 202 Sold 3 bd · 2 ba · 1,499 sqft · $227 · 0.1 mi | $340,000 | 3 | 2 | 1,499 | $227 | 0.1 mi |
E 1700 Hills Of Red Drive 204 Sold 2 bd · 2 ba · 1,333 sqft · $233 · 0.1 mi | $310,000 | 2 | 2 | 1,333 | $233 | 0.1 mi |
F 8056 Astrology Court 101 Sold 3 bd · 2 ba · 1,309 sqft · $223 · 0.8 mi | $291,875 | 3 | 2 | 1,309 | $223 | 0.8 mi |
G 8737 Red Brook Drive 201 Sold 2 bd · 2 ba · 1,305 sqft · $234 · 0.2 mi | $305,000 | 2 | 2 | 1,305 | $234 | 0.2 mi |
H 8709 Red Rio Drive 203 Active 3 bd · 2 ba · 1,412 sqft · $248 · 0.0 mi | $350,000 List Price | 3 | 2 | 1,412 | $248 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 1998 (26+ years old), placing it in the 'Fair' category based on age. While it features brand new HVAC and water heater systems and upgraded granite countertops, the kitchen cabinets and white appliances remain dated. The interior requires minor updates, specifically the carpet which the listing agent notes needs TLC and offers a flooring incentive.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Security
Situated in a prestigious guard-gated community in Northwest Summerlin, the property offers resort-style living directly across from multi-million dollar homes and the TPC Golf Course.
- Recent Mechanical Upgrades
The unit features a brand-new A/C system installed within the last three months and a new water heater, providing significant immediate value and reducing future maintenance concerns.
- Resort-Style Amenities & Views
Residents enjoy high-end community features including a pool, sauna, and fitness center, complemented by an oversized balcony with beautiful mountain views.
CONSRISKS & DEFICIENCIES
- Interior Flooring Condition
The carpet requires significant attention or replacement, which may be a deterrent for buyers looking for a truly turnkey interior despite the $3,000 seller incentive.
- Second-Floor Accessibility
As an upstairs unit, the property may be less appealing to buyers with mobility concerns or those specifically seeking the convenience of ground-level living.
About 8704 South Red Rio Drive Unit 203
Welcome to this beautiful move in ready Condo located in one of the most prestigious Guard Gated resort life style like community in the Northwest Summerlin. **It is across the street of Multi Dollar homes and the private TFC Golf course**Featuring 3 Bedrooms, two Full baths, and an attached oversize one garage. with cabinets**This upstairs unit is in great condition with New A/C installed in the las three months and a new Water Heater as well. It has granite Kitchen Countertop**The oversize Balcony has beautiful mountain views ideal for morning coffee and evening drinks**Enjoy the security of round the clock guard gate service**Incredible amenities Resort like and feels like you are in a hotel. Lush Tropical landscaping surround sparkling swimming pool and Hot tub complete with shaded Pavillion. A spacious outdoor Patio features a stone wrapped BBQ station surrounded by Lush Palm Trees, Mature Trees, shading a communal grilling area with complete classic Pergola. Also, a well-lit fitness area with Sauna and Showers** Easy access to Shopping, Schools, Dinning, and Parks **NOTE: Carpet needs TLC. Seller is giving the Buyer $ 3,000.00 flooring incentive.** Thank you!!!***
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1998
- Lot Size
- -
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $74 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,412 | 1,048.989 |
| Lot Size | - | 5,669.706 |
| Price | $365.0K | $221.6K |
| Price per sq ft | $258 | $210 |
| Built year | 1998 | 1996 |
| HOA | $74 | $254 |
| Days on market | 18 | 70 |
Pricing History
Listed for Sale
Oct 6, 2026
$365,000
Initial Listing
Sold
Jun 10, 1998
$143,000
Public Record