8941 Martin Downs Place, Las Vegas, NV 89131, Las Vegas, 89131 - 4 bed, 4 bath
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Las Vegas, NV 89131
This Spacious Single Family Residence represents a High-Potential Investment Opportunity, listed at $599,500—positioned well below the $623,068 Fair Market Value by 3%. This valuation gap provides $23,568 in Instant Equity. With a Fair Condition Rating and a generous 0.33-acre lot, the property offers significant value-add potential through cosmetic updates. Located near top-rated schools like Ralph Cadwallader Middle, this home balances lifestyle appeal with financial upside, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8941 Martin Downs Place Subject | $599,500* List Price | 4 | 4 | 2,897 | $215 | - |
A 8220 Mount Logan Court Sold | $640,000 | 4 | 3 | 2,731 | $234 | 0.7 mi |
B 8316 Imperial Lakes Street Sold | $605,000 | 4 | 3 | 2,401 | $252 | 0.8 mi |
C 7173 Cypress Run Drive Active | $750,000 List Price | 4 | 4 | 3,091 | $243 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2004, the property is 22 years old, placing it in the 'Fair' category. While the home appears well-maintained and move-in ready, the interior features dated builder-grade finishes such as beige carpeting and standard tile. There is no mention of recent renovations to the kitchen, bathrooms, or major systems to qualify for a higher rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 14375, living area = 2897.
The property sits on a generous 0.33-acre lot, offering significant outdoor potential and privacy that is rare for standard residential parcels in the Las Vegas area.
With nearly 2,900 square feet and four well-appointed bedrooms, the home provides a versatile and roomy layout ideal for families and entertaining.
The mention of standard blinds and ceiling fans as key interior features suggests the home may retain original 2004 finishes, potentially requiring cosmetic updates.
The listing highlights basic appliances like a microwave, indicating the kitchen may lack the high-end gourmet upgrades often expected at this price point.
Discover a spacious retreat designed for comfortable living in a vibrant Las Vegas community. This inviting two-story residence offers ample room for relaxation and entertainment across its generous 2898 square feet. Enjoy the convenience of modern amenities and thoughtful design, making everyday life a breeze. The home is perfectly situated in an appealing neighborhood, providing a wonderful setting for creating lasting memories. The expansive lot, spanning 0.33 acres, offers significant outdoor potential. Step inside to find a welcoming atmosphere with four well-appointed bedrooms and three and a half bathrooms, ensuring privacy and comfort for all residents. Interior features include stylish blinds and ceiling fans that enhance the living spaces. The kitchen is equipped with a microwave for daily convenience. Outdoor living is a delight with a covered patio, perfect for enjoying the pleasant Nevada climate. This property provides an exceptional opportunity to experience a desirable lifestyle in a prime location, blending tranquility with easy access to city amenities. The large lot size offers a unique advantage for outdoor enthusiasts or those seeking extra space.
No exterior & parking available.
Grades 6-8 • 2.2 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 2,897 | - |
| Lot Size | 14,375 | - |
| Price | $599.5K | $474.8K |
| Price per sq ft | $207 | $257 |
| Built year | 2004 | 0 |
| HOA | $45 | $0 |
| Days on market | 26 | 526 |
Jun 26, 2026
$599,500
Initial Listing