
Las Vegas, NV 89118
This Turnkey Condominium is a Strong Value Opportunity, listed at $215,000—positioned slightly above the $211,601 Fair Market Value. Despite the minor premium, the property offers a Mint Condition Rating following a comprehensive interior remodel, including a new water heater and designer finishes. Located in the gated Vizcaya community with Pool, Spa, and Tennis Court access, this unit provides a resort-style lifestyle near top-rated schools like Marion B Earl Elementary. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready home.
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 | $223 | - |
A 5022 S Rainbow Boulevard 203 Sold | $194,500 | 2 | 1 | 949 | $205 | 0.1 mi |
B 5038 S Rainbow Boulevard 206 Sold | $240,000 | 3 | 2 | 1,163 | $206 | 0.3 mi |
C 5030 S Rainbow Boulevard 101 Sold | $250,000 | 3 | 2 | 1,163 | $215 | 0.1 mi |
D 5250 S RAINBOW BL Boulevard 1004 Sold | $250,000 | 3 | 2 | 1,131 | $221 | 0.2 mi |
E 5250 S Rainbow Boulevard 2101 Sold | $200,000 | 1 | 1 | 744 | $269 | 0.1 mi |
F 5046 S Rainbow Boulevard 104 Active | $210,000 List Price | 2 | 1 | 949 | $221 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property is a 1987 build that has undergone a comprehensive recent remodel (within <5 years). Key updates include a fully renovated bathroom with marble-look tile, brand-new water heater (2025), new luxury vinyl and laminate flooring, and designer lighting. The unit is in mint, move-in ready condition with no immediate maintenance required.
The unit features extensive modern upgrades including vaulted ceilings, laminate wood flooring, and a fully renovated bathroom with marble-look tile, providing a move-in-ready aesthetic at an accessible price point.
Located just two miles from the Las Vegas Strip with immediate access to the 215 and I-15 freeways, this property offers a perfect balance of neighborhood tranquility and urban convenience.
The gated Vizcaya at the Trails community provides premium amenities including pools, spas, and tennis courts, all supported by a relatively low monthly HOA fee of $194.
With two bedrooms but only one bathroom, the layout may be less desirable for roommates or buyers prioritizing multiple washrooms.
Built in 1987, the building's age may result in higher long-term maintenance requirements for common elements and infrastructure compared to newer developments.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 31% |
| Square foot | 949 | 1,070 | 36% |
| Lot Size | - | 957 | 47% |
| Price | $215.0K | $200.0K | 56% |
| Price per sq ft | $227 | $217 | 72% |
| Built year | 1987 | 1994 | 25% |
| HOA | $194 | $218 | 42% |
| Days on market | 8 | 332 | 3% |
May 29, 2026
$215,000
Initial Listing