5010 S Rainbow Boulevard 203, Las Vegas, NV 89118, Las Vegas, 89118 - 1 bed, 1 bath
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Las Vegas, NV 89118
This Renovated Resort-Style Condo is a High-Potential Investment Opportunity, listed at $179,000—positioned well below the $213,421 Fair Market Value by 16%. This valuation gap provides $34,421 in Instant Equity. Boasting a Good Condition Rating, the unit features new LVP flooring, fresh paint, and updated countertops under vaulted ceilings. Residents enjoy gated amenities including a pool and spa, plus proximity to the top-rated Marion B Earl Elementary. This turnkey asset is perfect for first-time buyers or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5010 S Rainbow Boulevard 203 Subject | $179,000* List Price | 1 | 1 | 841 | $254 | - |
A 5072 S Rainbow Boulevard 104 Sold | $184,500 | 1 | 1 | 841 | $219 | 0.1 mi |
B 5022 S Rainbow Boulevard 203 Sold | $194,500 | 2 | 1 | 949 | $205 | 0.1 mi |
C 5250 S Rainbow Boulevard 2101 Sold | $200,000 | 1 | 1 | 744 | $269 | 0.2 mi |
D 5012 S Rainbow Boulevard 101 Sold | $205,000 List Price | 2 | 2 | 1,091 | 0.0 mi | |
E 5250 S RAINBOW Boulevard 2156 Sold | $139,900 List Price | 1 | 1 | 744 | 0.2 mi | |
F 5062 S Rainbow Boulevard 104 Active | $194,500 List Price | 1 | 1 | 841 | $231 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the property was built in 1987 (>30 years old), it has undergone a recent cosmetic renovation including new carpet, LVP flooring, fresh interior paint, and new countertops. These updates make the unit functional and move-in ready, elevating it from 'Fair' to 'Good' despite the age of the building and original cabinetry.
The property is move-in ready featuring significant upgrades including new LVP flooring in wet areas, new carpet, fresh interior paint, and updated kitchen countertops and cabinets.
Vaulted ceilings and an open-concept living/dining area enhance the sense of space and natural light, making the 841-square-foot layout feel more expansive and modern.
Located in a secure gated community, the unit offers access to resort-style amenities including a pool, spa, and fitness center, providing high lifestyle value for a low monthly HOA fee.
Built in 1987, the property may have older plumbing or mechanical systems that could require maintenance or replacement sooner than newer developments.
As a one-bedroom upstairs unit, the property has a more restricted buyer pool, potentially limiting resale speed compared to multi-bedroom or ground-floor residences.
Resort-style bright upstairs condo with vaulted ceilings and an open living/dining area. Features a kitchen with breakfast bar, newly painted cabinets, and new countertops. Enjoy new carpet, new LVP flooring in wet areas, and fresh full interior paint. Spacious bedroom with private balcony access. Located in a gated community with pool, spa, and fitness center, near shopping, dining, and major roads.
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades 6-8 • 0.6 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 841 | - |
| Lot Size | - | - |
| Price | $179.0K | $217.2K |
| Price per sq ft | $213 | $219 |
| Built year | 1987 | 0 |
| HOA | $193 | $0 |
| Days on market | 83 | 828 |
Apr 30, 2026
$179,000
Initial Listing