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    19 Summer House Drive Henderson, NV 89011

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    Claim this Listing
    For Sale
    $2,200,000

    Land - Henderson, NV

    Lot size:
    0.95 Acres
    Added:
    Jan 27, 2025
    Days on Market:
    454
    Last Refresh:
    Apr 26 at 2:06 pm

    Property Features for 19 Summer House Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Family-1/2-2 Acres,Single Family
    Standard status
    Active
    APN
    160-14-419-008
    Lot size
    0.95 Acres

    Taxes and HOA fees

    Tax Annual Amount
    14951
    Expense value
    153
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Utilities

    Water source
    Public

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Gene Northup
    Gene Northup

    Listing agent Gene Northup License #S.0037249

    Listing office Las Vegas Sotheby's Int'l 8548 Rozita Lee Ave #100, Las Vegas, NV

    Listing date Jan 27, 2025

    MLS# 2650011 Listing URL

    Copyright © 2026 Las Vegas REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lake Las Vegas Waterfront Homesite

    This exceptional homesite is situated within one of the most prestigious addresses in Lake Las Vegas, located inside a guard-gated community and further secured within an intimate gated enclave of just nine residences. As one of the largest waterfront parcels available, the property spans 41,283 square feet and offers more than 200 feet of prime lake frontage. The setting captures sweeping water views and the lush fairways of Reflection Bay Golf Course, presenting a rare opportunity to design a remarkable waterfront estate. Ownership includes a $25,000 Lake Las Vegas Sports Club membership, granting access to boating on the private 320-acre lake, championship golf, lakeside dining, scenic walking trails, and year-round recreation. The property is zoned for single-family use with a density of Family-1/2-2 Acres. This location is just 25 minutes from the Las Vegas Strip, offering a blend of privacy, prestige, and luxury. The lot size is 0.95 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Henderson
    County
    Clark
    State
    Nevada
    Longitude
    -114.920857
    Latitude
    36.11644

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    FAQs

    What type of property is this?
    Waterfront Land - Prestigious waterfront land in Lake Las Vegas with resort access.
    Where is this waterfront land located?
    The property is located at 19 Summer House Drive Henderson, NV.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Prime waterfront property with over 200 feet of lake frontage on Lake Las Vegas; Large 41,283 square foot homesite offering the opportunity to design a custom waterfront estate; Located in a double‑gated community providing enhanced security and privacy
    (702) 497-0300
    We can help!
    Listing Contact
    Gene Northup
    Gene Northup
    Real Estate License ID: S.0037249
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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