95 E Windmill Lane, Las Vegas, NV 89123, Las Vegas, 89123 - 4 bed, 2 bath
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Las Vegas, NV 89123
This Dual-Unit Residential Estate is a strategic Value-Add Asset listed at $1,325,000, reflecting a premium over the $1,207,960 Fair Market Value due to its significant Neighborhood Commercial (NC) Zoning Potential. The property maintains a Condition Rating of 4, featuring two functional rental units on a rare 1.06-Acre Horse-Zoned Lot with no HOA. While the 1956 infrastructure requires modernization, the flat, usable acreage and prime Windmill Lane frontage offer immense redevelopment upside. This high-potential site is ideal for Commercial Developers or Land-Banking Investors targeting the Clark County Master Plan expansion.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 95 E Windmill Lane Subject | $1,199,999* List Price | 4 | 2 | 2,249 | $494 | - |
A 8020 La Cienega Street Active | $1,100,000 List Price | 3 | 2 | 2,241 | $491 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1956, this property is aged but appears functional and maintained. The interior features a mix of styles: one kitchen has been cosmetically updated with dark cabinetry and stone-look counters, while the second unit remains dated with 1980s-style wood-trimmed cabinets and older white appliances. The presence of popcorn ceilings, older light fixtures, and visible wear on the exterior fascia and roofline indicates the home is past its primary design lifecycle. While move-in ready, the property requires modernization of its major systems (well/septic) and interior finishes to meet current market standards, with much of the value residing in the large lot and future commercial potential.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 46174, living area = 2249.
The property is designated for Neighborhood Commercial (NC) land use in the Clark County Master Plan, offering significant long-term investment value and redevelopment opportunities along a desirable corridor.
Situated on a rare 1.06-acre flat, usable lot with no HOA, the property provides exceptional freedom for horse owners, RV storage, or the construction of additional outbuildings.
Built in 1956 and relying on a private well and septic system, the property may require substantial capital for modernization or future connection to municipal utilities.
The $1.325M asking price is heavily weighted toward future commercial potential, which may be difficult to finance for traditional residential buyers compared to existing improved properties.
Rare 1.06-acre horse-zoned property in central Las Vegas. Fully fenced with flat, usable land ideal for horses, equipment, RVs, or future structures (buyer to verify). Property includes two attached 2-bed/1-bath units with private entrances, perfect for multigenerational living or rental income. Features a private well, septic system, and no HOA. Located along the desirable Windmill Ln corridor, the property is currently zoned residential (RS20) with planned Neighborhood Commercial (NC) land use per Clark County Master Plan, offering strong future development potential (buyer to verify zoning and uses). Minutes from the Strip, major roadways, and shopping. Endless potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 57% |
| Baths | 2.0 | 3.0 | 38% |
| Square foot | 2,249 | 1,907 | 66% |
| Lot Size | 46,174 | 6,098 | 99% |
| Price | $1.20M | $410.0K | 98% |
| Price per sq ft | $534 | $227 | 99% |
| Built year | 1956 | 1997 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 145 | 811 | 15% |
Apr 10, 2026
$1,199,999
$1,325,000
-9% Price Drop
Initial Listing
Nov 28, 2025
$1,325,000
Initial Listing