5040 S Rainbow Boulevard 204, Las Vegas, NV 89118, Las Vegas, 89118 - 2 bed, 1 bath
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Las Vegas, NV 89118
This Well-Maintained Gated Condominium is listed at $199,000, offering a stable entry point into the Southwest Las Vegas market near its $181,241 Fair Market Value. Boasting a Condition Rating of 4, the unit features a bright open floor plan, a private balcony, and a functional kitchen with modern cosmetic updates. Residents enjoy a resort-style lifestyle with access to multiple pools, spas, and tennis courts within the Vizcaya community. Its standout feature is the proximity to top-rated schools, including Marion B Earl Elementary just 0.08 miles away. This residence is a perfect match for Owner-Occupants or first-time buyers seeking a secure, amenity-rich environment.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5040 S Rainbow Boulevard 204 Subject | $199,000* List Price | 2 | 1 | 949 | $191 | - |
A 5022 S Rainbow Boulevard 203 Sold | $194,500 | 2 | 1 | 949 | $205 | 0.1 mi |
B 5012 S Rainbow Boulevard 101 Sold | $205,000 List Price | 2 | 2 | 1,091 | 0.1 mi | |
C 5022 S Rainbow Boulevard 204 Sold | $220,000 | 2 | 2 | 1,091 | $202 | 0.1 mi |
D 5072 S Rainbow Boulevard 104 Sold | $184,500 | 1 | 1 | 841 | $219 | 0.2 mi |
E 5042 S Rainbow Boulevard 206 Sold | $230,000 | 3 | 2 | 1,163 | $198 | 0.0 mi |
F 5024 S Rainbow Boulevard 203 Pending | $200,000 List Price | 2 | 1 | 949 | $211 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1987 (37 years old), the property falls into the >20y category. While the kitchen has received cosmetic updates including a modern tile backsplash and painted cabinets, the white appliances, fireplace tiling, and carpet are dated. The unit is well-maintained and move-in ready, but the age of the structure and systems suggests a need for minor updates to meet modern standards.
Located in the gated Vizcaya at the Trails, the property offers extensive amenities including multiple pools, spas, tennis courts, and a fitness center, providing high lifestyle value.
The unit is minutes from the Las Vegas Strip and Harry Reid International Airport with easy access to major freeways, making it an ideal choice for commuters or as a high-demand rental.
The property is situated within walking distance of all three school levels, most notably just 0.08 miles from Marion B Earl Elementary, which is a significant advantage for families.
With only one bathroom for a two-bedroom unit, the layout may be less desirable for roommates or families compared to the more common two-bath standard in the area.
Built in 1987, the property may require more frequent maintenance or modern updates to its systems and finishes to remain competitive with newer condominium developments.
Charming 2-bedroom, 1-bath condominium located in the desirable gated community of Vizcaya at the Trails. This well-maintained unit features a bright and open floor plan with abundant natural light, a spacious living area, and a functional kitchen with ample cabinet space and all appliances included. The primary bedroom offers generous closet space, while the second bedroom is perfect for guests, a home office, or additional living flexibility. Enjoy relaxing on your private balcony and the convenience of in-unit washer and dryer. Vizcaya residents enjoy resort-style amenities including multiple swimming pools, spas, tennis courts, fitness center, clubhouse, and beautifully landscaped grounds. Ideally situated near shopping, dining, major freeways, and just minutes from the Las Vegas Strip and Harry Reid International Airport. Great opportunity for a primary residence or investment property.
No exterior & parking available.
Grades PK-5 • 0.1 mi
Grades 6-8 • 0.5 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 | 1.0 | 2.0 | 29% |
| Square foot | 949 | 1,035 | 37% |
| Lot Size | 8,027 | - | 81% |
| Price | $199.0K | $189.8K | 53% |
| Price per sq ft | $210 | $207 | 54% |
| Built year | 1987 | 1996 | 18% |
| HOA | $194 | $220 | 38% |
| Days on market | 6 | 895 | 1% |
Apr 16, 2026
$199,000
Initial Listing