Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    637 Dragon Peak Drive Henderson, NV 89012

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,750,000

    LAND - Henderson, NV

    Lot size:
    0.91 Acres
    Added:
    Apr 30, 2026
    Days on Market:
    9
    Last Refresh:
    May 8 at 1:06 pm

    Property Features for 637 Dragon Peak Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    178-28-720-003
    Lot size
    0.91 Acres

    Taxes and HOA fees

    Tax Annual Amount
    6424

    Utilities

    Utilities
    Electricity Available
    Water source
    Public

    We can help!

    Listing Contact
    Kamran D. Zand

    Listing agent Kamran D. Zand License #B.1001321

    Listing office Luxury Estates International 7945 W Sahara Ave #202, Las Vegas, NV

    Listing date Apr 30, 2026

    MLS# 2777705 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.

    HighLights

    • Opportunity to build a custom luxury residence in MacDonald Highlands, a highly exclusive guard‑gated community.
    • Access to Dragon Ridge Country Club featuring championship golf, fine dining, fitness center, resort‑style pool, and clubhouse.
    • Prime location minutes from the Las Vegas Strip, Harry Reid International Airport, and world‑class dining/entertainment.
    • Homesite provides an ideal canvas for a striking architectural estate blending modern design with the desert landscape.
    • Community amenities include tennis, pickleball, and multiple parks.
    • Utilities available: Electricity and Public Water Source.

    Overview

    Residential Land in MacDonald Highlands

    This 0.91-acre homesite presents an opportunity to build a custom luxury residence within the guard-gated MacDonald Highlands community in Henderson, Nevada. This location provides an ideal setting for an architectural estate that integrates modern design with the desert landscape. MacDonald Highlands features the Dragon Ridge Country Club, a private, members-only club offering championship golf, dining options, a fitness center, a resort-style pool, and a clubhouse. Residents have access to tennis courts, pickleball courts, and multiple parks. The property is located minutes from the Las Vegas Strip, Harry Reid International Airport, and various dining and entertainment venues, offering the opportunity to create a residence in a sought-after luxury address.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Henderson
    County
    Clark
    State
    Nevada
    Longitude
    -115.051005
    Latitude
    36.003919

    Nearby Similar for Sale

    • $699,950
      2,924 SF

      Henderson Multifamily Property For Sale

      Multifamily property in Henderson, Nevada, near parks, schools, and restaurants.
      140 Judy Lane, Henderson, NV 89015
      View Details
    • $1,800,000

      Land in Henderson, Nevada

      Spacious lot in a desirable Henderson location with endless possibilities.
      N Orleans Street, Henderson, NV 89015
      View Details
    • $460,000

      Elevated Lot with Panoramic Views

      Rare 1.12-acre lot in gated Calico Ridge community.
      1003 Feather Point Court, Henderson, NV 89011
      View Details
    • $475,000

      Land in Seven Hills

      Rare opportunity to build a custom home in Henderson, NV.
      1529 Via Della Scala, Henderson, NV 89052
      View Details
    • $900,000

      Dragon Mountain Court Land Opportunity

      Unique lot near dragon rock formation in MacDonald Highlands.
      619 Dragon Mountain Court, Henderson, NV 89012
      View Details
    • $2,700,000

      MacDonald Highlands Premier View Lot

      Nearly 2-acre lot with Strip and mountain views.
      1626 Liege Drive, Henderson, NV 89012
      View Details
    • $325,000

      Land in Prestigious Southshore Community

      Land for custom estate with mountain views in Henderson, NV.
      4 Rue Du Ville Way, Henderson, NV 89011
      View Details
    • $875,000

      Lake Las Vegas Waterfront Homesite

      Luxury lakefront homesite with boat dock in Lake Las Vegas.
      5 Lido Nord, Henderson, NV 89011
      View Details
    • $3,999,000

      Strip-View Lot in Henderson, NV

      One-acre homesite with Strip views in MacDonald Highlands.
      576 Magma Peak Drive, Henderson, NV 89012
      View Details
    • $2,900,000

      Residential Land in MacDonald Highlands

      Land for custom luxury residence in exclusive MacDonald Highlands community.
      681 Dragon Point Drive, Henderson, NV 89012
      View Details
    • $1,730,000

      Premium Homesite in Ascaya

      Homesite with panoramic views in guard-gated Ascaya community.
      2 Cloudloft Court, Henderson, NV 89012
      View Details
    • $2,198,900

      Premier Homesite with Unrivaled Views

      Exclusive homesite in Ascaya with unobstructed Las Vegas Valley views.
      8 Wanderlust Court, Henderson, NV 89012
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Luxury homesite in exclusive MacDonald Highlands community.
    Where is this residential land & home lot located?
    The property is located at 637 Dragon Peak Drive Henderson, NV.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: Opportunity to build a custom luxury residence in MacDonald Highlands, a highly exclusive guard‑gated community.; Access to Dragon Ridge Country Club featuring championship golf, fine dining, fitness center, resort‑style pool, and clubhouse.; Prime location minutes from the Las Vegas Strip, Harry Reid International Airport, and world‑class dining/entertainment.
    (702) 907-8770
    We can help!
    Listing Contact
    Kamran D. Zand
    Real Estate License ID: B.1001321
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    637 Dragon Peak Drive, Henderson, NV 89012
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!