8869 Pheasant Valley Way, Las Vegas, NV 89123, Las Vegas, 89123 - 4 bed, 3 bath
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Las Vegas, NV 89123
This Turnkey Single-Story Residence is a Strong Value Opportunity, listed at $615,000—positioned well below the $660,628 Fair Market Value by 6%. This valuation gap offers $45,628 in Instant Equity for the buyer. Featuring an Excellent Condition Rating due to 2025 upgrades like new HVAC units and LVP flooring, the home offers a Granite Kitchen and an expansive 13,504 sqft lot. This property is an ideal acquisition for Owner-Occupants seeking a modern lifestyle or Buy-and-Hold Investors prioritizing low-maintenance assets.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8869 Pheasant Valley Way Subject | $615,000* List Price | 4 | 3 | 2,313 | $286 | - |
A 758 Jasper Point Court Sold | $726,500 | 3 | 3 | 2,462 | $295 | 0.3 mi |
B 758 Jasper Point Court Sold | $535,000 List Price | 3 | 3 | 2,462 | 0.3 mi | |
C 435 Compo Avenue Active | $529,000 List Price | 5 | 3 | 2,177 | $243 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1998, the property underwent extensive renovations in 2025, including a modernized primary bathroom, new LVP flooring, and $35K in brand-new HVAC units. These high-end updates within the last year place it in the excellent category for condition and system reliability.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13504, living area = 2313.
The oversized 13,504 sqft lot is a rare find in this established neighborhood, providing significant space for a private pool, garden, or custom outdoor entertaining area.
Recent 2025 upgrades, including two brand-new $35K A/C units, updated LVP flooring, and a modernized primary bathroom, offer immediate value and peace of mind regarding major maintenance.
With 57 days on the market, the property is trending toward a stale listing, which may suggest the current list price is not fully aligned with buyer expectations in the current climate.
Despite recent interior cosmetic updates, the 1998 construction means original components such as the roof and plumbing systems are approaching the end of their typical life cycles.
Beautiful single-story home situated on an oversized 13504 sf lot in the desirable southeast Las Vegas area. This 4-bedroom, 3-bath residence features an open floor plan with spacious living areas, granite countertops in kitchen, family room, and bar seating with granite top, upgraded LVP flooring 2025, crown molding, upgraded contemporary ceiling fans, plantation shutters throughout, and a 3-car garage. Primary bedroom has walk-in closet. Primary bathroom updated 2025, offering a refreshed and modern feel. Two brand-new($35K) A/C units in 2025 for added efficiency and comfort. Enjoy outdoor living under the covered patio overlooking the expansive backyard and firepit with endless possibilities for entertaining, pool, garden, or future customization. Conveniently located near shopping, dining, parks, freeway access, and schools with low HOA fees. Rare opportunity to own a single-story home with a large lot in an established neighborhood.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,313 | - |
| Lot Size | 13,504 | - |
| Price | $615.0K | $474.8K |
| Price per sq ft | $266 | $257 |
| Built year | 1998 | 0 |
| HOA | $103 | $0 |
| Days on market | 60 | 526 |
May 23, 2026
$615,000
Initial Listing