5024 S Rainbow Boulevard 203, Las Vegas, NV 89118, Las Vegas, 89118 - 2 bed, 1 bath
5024 S Rainbow Boulevard 203
Las Vegas, NV 89118
Property Price
SUMMARY
Analysis of 5024 S Rainbow Boulevard 203, Las Vegas, NV 89118 is currently available with a list price of $200,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 moderate renovation needed.
Built in 1987, this property is well-maintained and functional but shows signs of its original era. While the description highlights 'meticulously maintained' grounds and charming features like vaulted ceilings and a garden window, there is no mention of recent comprehensive renovations to the kitchen or bathroom. The property fits the 'fair' criteria as it is over 30 years old and likely features older cabinetry, appliances, and fixtures that, while operational, are stylistically outdated compared to modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Resort-Style Amenities
Situated within the Vizcaya gated community, the property offers access to premium amenities including multiple pools, spas, tennis courts, and a fitness center, providing a high-quality lifestyle.
- Architectural Charm
The interior features vaulted ceilings, a gas fireplace, and two private balconies, which create a sense of spaciousness and character often missing in standard condominium layouts.
- Prime Location
The property boasts an unbeatable location with easy access to the Las Vegas Strip, diverse dining, and major shopping hubs, making it highly attractive for both owner-occupants and investors.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Count
With two bedrooms but only one bathroom, the layout may be a drawback for roommates or small families compared to more common two-bathroom configurations in the area.
- Property Age
Built in 1987, the residence may require modern cosmetic updates or system maintenance to align with the expectations of buyers looking for contemporary finishes.
About 5024 S Rainbow Boulevard 203
Lovely 2 bedrooms, 1 bathroom residence situated within the secure confines of Vizcaya's gated community. Enjoy an array of exceptional resident amenities at Vizcaya, including pools, spas, tennis courts, fitness center, and more! The grounds are meticulously maintained, and the location is unbeatable, providing easy access to shopping, dining, and the renowned Las Vegas Strip. This property is adorned with vaulted ceilings, a gas fireplace, a garden window in the kitchen, and two balconies, enhancing the overall charm and appeal of the home. Experience the epitome of comfortable living with these fantastic features.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1987
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $194 / Month
Neighborhood Insights
Las Vegas Unified Schools
Marion B Earl Elementary School
Grades PK-5 • 0.1 mi
Grant Sawyer Middle School
Grades 6-8 • 0.5 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 | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 34% |
| Square foot | 949 | 1,053 | 41% |
| Lot Size | - | - | 50% |
| Price | $200.0K | $172.0K | 62% |
| Price per sq ft | $211 | $196 | 61% |
| Built year | 1987 | 1994 | 17% |
| HOA | $194 | $220 | 39% |
| Days on market | 144 | 570 | 13% |
Pricing History
Listed for Sale
Oct 14, 2025
$200,000
Initial Listing