5018 S Rainbow Boulevard 202, Las Vegas, NV 89118, Las Vegas, 89118 - 1 bed, 1 bath
5018 S Rainbow Boulevard 202
Las Vegas, NV 89118
Property Price
SUMMARY
Analysis of 5018 S Rainbow Boulevard 202, Las Vegas, NV 89118 is currently available with a list price of $225,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Las Vegas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property meets the 'excellent' criteria due to an extensive renovation completed in 2021, which is within the 5-year threshold. The interior features high-end, modern upgrades including a fully remodeled kitchen with quartz countertops and stainless steel appliances, a redesigned bathroom with a designer tile walk-in shower and marble vanity, and luxury vinyl plank flooring throughout. Despite the 1987 build date, the comprehensive updates to the living spaces, lighting, and fixtures align with current quality standards.
PROSSTRENGTHS & OPPORTUNITIES
- High-End Modern Renovations
The unit underwent a comprehensive 2021 remodel featuring quartz countertops, luxury vinyl plank flooring, and designer lighting, offering a sophisticated, move-in-ready interior.
- Resort-Style Community Amenities
Located in the gated Vizcaya community, residents enjoy an exceptional amenity package including six pools, four spas, tennis courts, and a clubhouse with a gym and theater.
- Superior Architectural Layout
Vaulted ceilings, a gas fireplace, and two private balconies create an airy and expansive living environment that far exceeds the feel of a standard one-bedroom condo.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
With an original build date of 1987, the property may require more frequent maintenance of core systems and exterior components compared to newer developments.
- Limited Buyer Demographic
The one-bedroom, one-bathroom configuration limits the property's appeal to individuals or couples, potentially excluding families or those requiring a dedicated home office.
About 5018 S Rainbow Boulevard 202
Stunning 1 bed/1 bath 2nd-floor condo (841 SF) in the gated Vizcaya at the Trails community! This beautifully upgraded unit features vaulted ceilings, luxury vinyl plank flooring (NO CARPET), designer lighting, and a remodeled kitchen and bathroom (2021). Kitchen features quartz countertop/backspalsh, stainless appliances, extra-tall cabinetry with soft close cabinets and drawers. Vaulted ceilings, LED lighting, and a cozy gas fireplace create an elegant living space. Two balconies offer indoor-outdoor living. The spacious bedroom has vaulted ceilings, a walk-in closet with custom organizers and a balcony helps create an expansive feel. The bath boasts a large walk-in shower with designer tile and a window, a marble-top vanity and a linen closet. Upscale window coverings top it all off! Unit includes 1 covered parking space. Enjoy the community amenities including a clubhouse with gym, theater, 6 pools, 4 spas, 2 tennis courts, and mature landscaping. Turnkey and beautifully updated!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1987
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $193 / Month
Neighborhood Insights
Las Vegas Unified Schools
Marion B Earl Elementary School
Grades PK-5 • 0.2 mi
Grant Sawyer Middle School
Grades 6-8 • 0.6 mi
Durango High School
Grades 9-12 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 33% |
| Baths | 1.0 | 2.0 | 34% |
| Square foot | 841 | 1,053 | 30% |
| Lot Size | - | - | 50% |
| Price | $225.0K | $172.0K | 66% |
| Price per sq ft | $268 | $196 | 96% |
| Built year | 1987 | 1994 | 17% |
| HOA | $193 | $220 | 38% |
| Days on market | 17 | 570 | 1% |
Pricing History
Listed for Sale
Feb 18, 2026
$225,000
Initial Listing