8709 Red Rio Drive 203, Las Vegas, NV 89128, Las Vegas, 89128 - 3 bed, 2 bath
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8709 Red Rio Drive 203
Las Vegas, NV 89128
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,412Sq Ft
6,617Lot Size
Property Price
LIST PRICE$365,000
EST. MARKET VALUE
$321,801
13% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $365,000—positioned well above the $321,802 Fair Market Value by 13%. While the property is currently priced above market, it offers a Fair Condition Rating with significant value-add potential through cosmetic updates to the kitchen and secondary bathroom. Located in a prime Summerlin gated community with resort-style amenities, this residence is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a long-term lifestyle asset in a highly desirable location.
Estimated Market Value
$321,801
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 |
|---|---|---|---|---|---|---|
★ 8709 Red Rio Drive 203 Subject | $365,000* List Price | 3 | 2 | 1,412 | $228 | - |
A 1700 Sky Of Red Drive 202 Sold | $340,000 | 3 | 2 | 1,499 | $227 | 0.0 mi |
B 8720 Red Brook Drive 203 Sold | $325,000 | 3 | 2 | 1,412 | $230 | 0.1 mi |
C 1705 Sky Of Red Drive 103 Sold | $295,000 | 3 | 2 | 1,273 | $232 | 0.1 mi |
D 8737 Red Brook Drive 201 Sold | $305,000 | 2 | 2 | 1,305 | $234 | 0.1 mi |
E 8056 Astrology Court 101 Sold | $291,875 | 3 | 2 | 1,309 | $223 | 0.8 mi |
F 1616 Cardinal Bluff Drive 201 Active | $299,000 List Price | 2 | 2 | 1,392 | $215 | 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.
Built in 1999, the property is over 20 years old. While the primary bathroom has been tastefully updated with modern tiling and a new vanity, the kitchen and second bathroom remain dated with original-style cabinetry and mixed-age appliances. The home is well-maintained and move-in ready, but the overall age and dated secondary spaces align with the 'Fair' criteria for needing minor updates.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Summerlin Location
Situated in the highly desirable Summerlin area, the property offers exceptional proximity to premier golf courses, Downtown Summerlin, and top-tier dining and shopping.
- Comprehensive Community Amenities
The gated community provides a resort-style lifestyle with access to a sparkling pool, spa, park, and playground, all within a well-maintained environment.
- Spacious and Functional Layout
Offering over 1,400 square feet with three bedrooms and a private garage, this residence provides the space and utility typically found in larger homes.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6617, other record lot size in square feet = 2788.
- High Monthly HOA Fees
The $387 monthly association fee represents a significant recurring expense that may impact the overall affordability for budget-conscious buyers.
- Multi-Level Design
The multi-level configuration may be a drawback for buyers seeking single-story living or those with mobility concerns.
About 8709 Red Rio Drive 203
Welcome to easy Las Vegas living in this charming 3-bedroom, 2-bath residence nestled within a beautifully maintained gated community in Summerlin! Offering over 1400 square feet of comfortable living space, this multi-level home combines a functional layout with inviting indoor and outdoor spaces. The living room features a cozy fireplace, ceiling fan, and sliding doors leading to a private covered patio—perfect for relaxing or entertaining. The kitchen offers ample workspace and built-in features, while a dedicated laundry room includes a sink and convenient storage. All three bedrooms feature ceiling fans, with one offering access to a private balcony. Enjoy the added convenience of a garage and additional paved parking. Step outside and enjoy an array of community amenities including a sparkling pool, relaxing spa, park, playground, sidewalks, mature landscaping, and attractive wrought-iron fencing. Ideally situated in the heart of Summerlin, you’re just minutes from TPC Las Vegas and Angel Park Golf Courses, with premier shopping, dining, entertainment, Downtown Summerlin, and major roadways all close by. This is an opportunity to enjoy a vibrant lifestyle with resort-style amenities and one of Las Vegas’ most desirable locations. Come see it for yourself!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1999
- Lot Size
- 6,617 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $387 / 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 | 1,059.468 |
| Lot Size | 6,617 | 6,055.359 |
| Price | $365.0K | $225.8K |
| Price per sq ft | $258 | $213 |
| Built year | 1999 | 1996 |
| HOA | $387 | $254 |
| Days on market | 16 | 71 |
Pricing History
Listed for Sale
Aug 24, 2026
$365,000
Initial Listing