5030 S Rainbow Boulevard 105, Las Vegas, NV 89118, Las Vegas, 89118 - 2 bed, 2 bath
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Las Vegas, NV 89118
This property presents a High-Potential Investment Opportunity with a List Price of $205,000—positioned well below the $137,893 Fair Market Value by -48%. While the list price exceeds the current valuation, the Buy-and-Hold Investors can leverage the Dual-Suite Layout and Resort-Style Amenities to drive rental demand. With a Poor Condition Rating due to its 1987 vintage, the unit requires strategic capital improvements to modernize interiors. This asset is best suited for Value-Add Investors targeting a central location near the Las Vegas Strip.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5030 S Rainbow Boulevard 105 Subject | $205,000* List Price | 2 | 2 | 1,091 | $126 | - |
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 5250 S Rainbow Boulevard 1180 Sold | $195,000 | 3 | 2 | 1,131 | $172 | 0.3 mi |
D 5076 S Rainbow Boulevard 106 Sold | $239,950 List Price | 3 | 2 | 1,163 | 0.2 mi | |
E 5072 S Rainbow Boulevard 104 Sold | $184,500 | 1 | 1 | 841 | $219 | 0.2 mi |
F 5024 S Rainbow Boulevard 203 Active | $200,000 List Price | 2 | 1 | 949 | $211 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1987, this property is 37 years old. The listing description lacks any mention of recent renovations to the kitchen, bathrooms, or HVAC/electrical systems. Based on the criteria for properties over 30 years old without significant updates, it is classified as poor as it likely requires a full rehab to address dated interiors and aging systems.
Located in the gated Vizcaya at The Trails, the property offers access to premium amenities including multiple pools, spas, tennis courts, a fitness center, and a clubhouse, enhancing the lifestyle value.
The 1,091 sqft floor plan features a dual-suite configuration with a Jack and Jill bathroom, providing an ideal setup for roommates or guests and increasing its appeal as a rental investment.
The property boasts excellent proximity to both the Las Vegas Strip and the airport, offering convenience for commuters and easy access to world-class dining and entertainment.
Built in 1987, the unit may require cosmetic modernizations or updates to major systems to align with the standards of newer residential developments in the area.
The unit's location directly across from the community pool and its proximity to the busy Rainbow Boulevard corridor may result in higher ambient noise levels.
FANTASTIC -CENTRALLY LOCATED 2 BED -2 FULL BATH DUAL SUITE - LOCATED IN THE GATED RESORT STYLE VIZCAYA AT THE TRAILS COMMUNITY. THIS DUAL SUITE HAS A JACK AND JILL BATHROOM FOR GUESTS, FIREPLACE IN LIVING ROOM, BREAKFAST BAR, & COVERED PRIVATE PATIO. THIS UNIT IS LOCATED ACROSS FROM THE POOL! THIS RESORT STYLE COMMUNITY BOASTS MULTIPLE POOLS, SPAS, TENNIS COURTS, FITNESS CENTER, CLUBHOUSE, & BEAUTIFUL LANDSCAPED GROUNDS! CLOSE PROXIMITIES TO BOTH THE STRIP AND AIRPORT!
No exterior & parking available.
Grades PK-5 • 0.1 mi
Grades 6-8 • 0.6 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,091 | 1,091 | 50% |
| Lot Size | - | - | 50% |
| Price | $205.0K | $199.9K | 61% |
| Price per sq ft | $188 | $206 | 42% |
| Built year | 1987 | 1994 | 26% |
| HOA | $194 | $217 | 42% |
| Days on market | 20 | 363 | 3% |
May 26, 2026
$205,000
Initial Listing