
Las Vegas, NV 89118
This fully remodeled condominium represents a Strong Value Opportunity, listed at $215,000—positioned well below the $230,316 Fair Market Value by 6%. This valuation gap provides $15,316 in Instant Equity. Featuring a Condition Rating of 3, the unit offers modern upgrades like luxury vinyl flooring and a renovated bathroom. Residents enjoy resort-style amenities including pools, spas, and tennis courts. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready home near the Strip.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5066 South Rainbow Boulevard 205 Subject | $215,000* List Price | 2 | 1 | 949 | $228 | - |
A 5022 S Rainbow Boulevard 203 Sold | $194,500 | 2 | 1 | 949 | $205 | 0.1 mi |
B 5072 S Rainbow Boulevard 104 Sold | $184,500 | 1 | 1 | 841 | $219 | 0.0 mi |
C 5118 S Jones Boulevard 201 Sold | $195,000 | 2 | 2 | 920 | $212 | 1.0 mi |
D 5250 S Rainbow Boulevard 1022 Sold | $250,000 | 3 | 2 | 1,131 | $221 | 0.2 mi |
E 5250 S Rainbow Boulevard 2038 Sold | $195,000 | 1 | 1 | 744 | $262 | 0.2 mi |
F 5250 S Rainbow Boulevard 1040 Sold | $235,000 | 2 | 2 | 1,034 | $227 | 0.2 mi |
G 5250 South Rainbow Boulevard 1165 Sold | $272,000 | 2 | 2 | 1,034 | $263 | 0.1 mi |
H 5012 S Rainbow Boulevard 101 Sold | $205,000 List Price | 2 | 2 | 1,091 | 0.1 mi | |
I 5250 S Rainbow Boulevard 1140 Pending | $252,000 List Price | 2 | 2 | 1,034 | $244 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the building dates to 1987, the unit has undergone a significant recent remodel including new laminate and luxury vinyl flooring, fresh three-tone paint, and designer lighting. The bathroom is fully updated with marble-look tile and new fixtures, and the water heater is nearly new (2025). Although the kitchen cabinets and white appliances appear dated, the overall condition is well-maintained and move-in ready.
The unit features extensive modern upgrades including vaulted ceilings, new laminate and luxury vinyl flooring, and a fully renovated bathroom with marble-look tile, offering a move-in-ready experience.
Situated just two miles from the Las Vegas Strip with immediate access to the 215 and I-15 freeways, the property offers a prime balance of residential quiet and urban accessibility.
Located within the gated Vizcaya at the Trails, residents enjoy premium amenities including multiple pools, spas, tennis courts, and a fitness center, all within walking distance to shopping.
Despite having two bedrooms, the unit only features one bathroom, which may be a drawback for roommates or families seeking additional privacy and convenience.
Built in 1987, the property may require ongoing attention to older building systems and communal infrastructure common in developments approaching 40 years of age.
Welcome to the address that makes sense — right now, and long term. At Vizcaya at the Trails, you get something Las Vegas rarely packages this neatly: a gated, resort-style community just two miles from the Strip, with the quiet and comfort of a neighborhood that actually feels like home. Unit #205 at 5066 S Rainbow Boulevard is a fully remodeled second-floor condo that delivers the lifestyle upgrade you've been waiting for — without the price tag that keeps most buyers on the sideline. Step inside and you're met with vaulted ceilings, a cozy gas fireplace, and laminate wood floors with wood baseboards throughout the living, dining, and bedrooms. Waterproof luxury vinyl carries through the kitchen and bathrooms. The 3-tone premium wall paint sets a tranquil atmosphere you'll feel the moment you walk in, complemented by upgraded designer lighting fixtures throughout. The kitchen features a charming garden window alongside wooden cabinets and white countertops — one of those details that makes a big difference in how you actually feel in your home every morning. The bathroom has been fully remodeled with a new lavatory, tub, fixtures, and marble-look tile. A new water heater was installed November 2025. Two private balconies — front and back — offer great views and privacy, perfect for ending every evening with a little fresh air. The community? It's the closer. Pools, spas, tennis courts, a fitness center — all maintained within gated, beautifully landscaped grounds. Three shopping centers within walking distance. Harry Reid International just minutes away. The 215 and I-15 practically at your doorstep. Spring Valley gives you access to everything without the chaos of being in the middle of it. This is the smart buy. The investor's pick. The first-time buyer's moment. Whatever your reason for being here — this unit delivers. Your Vegas lifestyle starts at Vizcaya. Second floor. First choice.
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades 6-8 • 0.5 mi
Grades 9-12 • 0.5 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 | $215.0K | $217.2K |
| Price per sq ft | $227 | $219 |
| Built year | 1987 | 0 |
| HOA | $194 | $0 |
| Days on market | 54 | 828 |
May 29, 2026
$215,000
Initial Listing