5036 South Rainbow Boulevard 204, Las Vegas, NV 89118, Las Vegas, 89118 - 2 bed, 1 bath
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Las Vegas, NV 89118
This Turnkey Condominium represents a Strong Value Opportunity, listed at $252,500—positioned above the $223,037 Fair Market Value. While priced at a premium, the property features an Excellent Condition Rating with a recently remodeled bathroom, granite kitchen, and modern flooring. The unit offers rare privacy with no surrounding buildings and dual private patios. Located in a gated community with pool access, it provides a low-maintenance lifestyle. This residence is an ideal fit for first-time buyers or busy professionals seeking a move-in ready home in a convenient location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5036 South Rainbow Boulevard 204 Subject | $248,000* List Price | 2 | 1 | 949 | $238 | - |
A 5118 S Jones Boulevard 201 Sold | $195,000 | 2 | 2 | 920 | $212 | 0.9 mi |
B 5038 S Rainbow Boulevard 206 Sold | $240,000 | 3 | 2 | 1,163 | $206 | 0.0 mi |
C 5250 South Rainbow Boulevard 1165 Sold | $272,000 | 2 | 2 | 1,034 | $263 | 0.3 mi |
D 5022 S Rainbow Boulevard 203 Sold | $194,500 | 2 | 1 | 949 | $205 | 0.1 mi |
E 5250 S Rainbow Boulevard 1022 Sold | $250,000 | 3 | 2 | 1,131 | $221 | 0.4 mi |
F 5250 S RAINBOW BL Boulevard 1004 Sold | $250,000 | 3 | 2 | 1,131 | $221 | 0.4 mi |
G 5250 S Rainbow Boulevard 2101 Sold | $200,000 | 1 | 1 | 744 | $269 | 0.3 mi |
H 5250 S Rainbow Boulevard 1004 Sold | $250,000 | 3 | 2 | 1,131 | $221 | 0.4 mi |
I 5042 S Rainbow Boulevard 103 Active | $220,000 List Price | 2 | 1 | 949 | $232 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1987, the property has undergone significant recent renovations including a recently remodeled bathroom, updated kitchen with granite countertops and stainless steel appliances, and modern wood-look flooring throughout. The interior is in mint, move-in ready condition with no visible maintenance required.
This upstairs unit features vaulted ceilings and a unique positioning with no buildings directly in front or behind, providing rare privacy and dual private patios for outdoor living.
The property showcases significant aesthetic and functional improvements, including granite countertops, a recently remodeled bathroom, and a primary suite with a stylish accent wall and updated walk-in closet.
Located in a gated community with a pool, the residence offers excellent accessibility to major freeway corridors, shopping, and dining along the South Rainbow Boulevard corridor.
The unit features only one bathroom for two bedrooms, which may be a drawback for roommates or families compared to more common two-bathroom layouts in this price point.
The assigned middle and high schools carry lower performance ratings (4/10), which could be a consideration for families prioritizing educational district quality.
This condo is even cuter in person!! Beautiful upstairs unit featuring an open floor plan with vaulted ceilings. Kitchen offers granite countertops and opens to the main dining area. Recently remodeled bathroom. Primary suite includes an updated walk-in-closet and stylish accent wall. Rare find with covered parking and no buildings in front or behind for added privacy. Enjoy two private patios (front and back). Community pool next door. Convenient location close to shopping, dining, and freeway access. Gated Community!
No exterior & parking available.
Grades PK-5 • 0.1 mi
Grades 6-8 • 0.7 mi
Grades 9-12 • 0.7 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 | $248.0K | $217.2K |
| Price per sq ft | $261 | $219 |
| Built year | 1987 | 0 |
| HOA | $194 | $0 |
| Days on market | 28 | 828 |
Jul 4, 2026
$248,000
$252,500
-2% Price Drop
Initial Listing
Jun 24, 2026
$252,500
Initial Listing