5024 South Rainbow Boulevard 203, Las Vegas, NV 89118, Las Vegas, 89118 - 2 bed, 1 bath
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Las Vegas, NV 89118
This Value-Add Condominium is listed at $200,000, aligning with its $200,000 Fair Market Value. Located within the secure Vizcaya gated community, the residence features vaulted ceilings, a gas fireplace, and access to resort-style amenities including pools and tennis courts. While the property currently holds a Condition Rating of 4 and requires cosmetic updates such as new carpeting, its strategic location near the Las Vegas Strip and the 5-rated Marion B Earl Elementary School ensures consistent rental demand. This is an ideal entry-level asset for Buy-and-Hold Investors or first-time buyers looking to build equity through interior renovations.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5024 South Rainbow Boulevard 203 Subject | $200,000* List Price | 2 | 1 | 949 | $208 | - |
A 5012 S Rainbow Boulevard 101 Sold | $205,000 List Price | 2 | 2 | 1,091 | 0.1 mi | |
B 5022 S Rainbow Boulevard 204 Sold | $220,000 | 2 | 2 | 1,091 | $202 | 0.1 mi |
C 5072 S Rainbow Boulevard 104 Sold | $184,500 | 1 | 1 | 841 | $219 | 0.1 mi |
D 5022 S Rainbow Boulevard 203 Sold | $194,500 | 2 | 1 | 949 | $205 | 0.1 mi |
E 5250 S Rainbow Boulevard 2101 Sold | $200,000 | 1 | 1 | 744 | $269 | 0.2 mi |
F 5250 S Rainbow Boulevard 1004 Sold | $250,000 | 3 | 2 | 1,131 | $221 | 0.2 mi |
G 5040 S Rainbow Boulevard 204 Pending | $199,000 List Price | 2 | 1 | 949 | $210 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1987, this property is aged and shows clear signs of being outdated. While the unit features vaulted ceilings and a fireplace, the interior images reveal heavily stained and worn carpeting that requires immediate replacement. The fixtures and finishes appear to be mostly original to the construction date, and the property lacks the modern updates necessary for a 'good' rating, though it remains functional and livable.
Situated in the Vizcaya gated community, the property offers residents access to premium amenities including multiple pools, spas, tennis courts, and a fitness center, providing a high-value lifestyle package.
The interior boasts vaulted ceilings, a gas fireplace, and two private balconies, which significantly increase the sense of space and provide unique character not often found in standard condo layouts.
The property is ideally located near the Las Vegas Strip and major shopping hubs, with the added benefit of being within walking distance (0.14 miles) of a highly-rated elementary school.
The 2-bedroom, 1-bathroom layout may limit appeal for roommates or small families who typically prefer a second bathroom for added privacy and convenience.
Built in 1987, the property may require more frequent maintenance or capital improvements to mechanical systems and cosmetic finishes compared to newer residential developments.
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.
No exterior & parking available.
Grades PK-5 • 0.1 mi
Grades 6-8 • 0.5 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 949 | - |
| Lot Size | - | - |
| Price | $200.0K | $217.2K |
| Price per sq ft | $211 | $219 |
| Built year | 1987 | 0 |
| HOA | $194 | $0 |
| Days on market | 281 | 828 |
Oct 14, 2025
$200,000
Initial Listing