
Las Vegas, NV 89118
This Move-In Ready Condominium is a Strong Value Opportunity, listed at $259,000—positioned well above the $235,500 Fair Market Value by -9%. Featuring a Good Condition Rating, the home offers modern upgrades including Luxury Vinyl Plank Flooring and a Granite Kitchen. Residents enjoy resort-style amenities like pools and a putting green, with proximity to top-rated schools like Marion B. Earl Elementary. This property is an ideal sanctuary for Owner-Occupants or first-time buyers seeking a convenient, low-maintenance lifestyle near the Las Vegas Strip.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5250 South Rainbow Boulevard 1029 Subject | $259,000* List Price | 2 | 2 | 1,034 | $234 | - |
A 5250 S Rainbow Boulevard 1004 Sold | $250,000 | 3 | 2 | 1,131 | $221 | 0.0 mi |
B 5250 S RAINBOW BL Boulevard 1004 Sold | $250,000 | 3 | 2 | 1,131 | $221 | 0.0 mi |
C 5250 S Rainbow Boulevard 2126 Sold | $298,000 List Price | 3 | 2 | 1,131 | 0.2 mi | |
D 5022 S Rainbow Boulevard 203 Sold | $194,500 | 2 | 1 | 949 | $205 | 0.3 mi |
E 5250 S Rainbow Boulevard 2101 Sold | $200,000 | 1 | 1 | 744 | $269 | 0.1 mi |
F 5012 S Rainbow Boulevard 101 Sold | $205,000 List Price | 2 | 2 | 1,091 | 0.3 mi | |
G 5250 South Rainbow Boulevard 1025 Active | $245,000 List Price | 2 | 2 | 1,034 | $237 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1997 (27 years old), the property qualifies as 'Good' due to significant recent renovations that make it move-in ready. Updates include luxury vinyl plank flooring, granite countertops, and newer kitchen appliances (dishwasher, sink, faucet). While the cabinetry appears original/dated, the overall maintenance and functional upgrades to the surfaces and fixtures elevate it from the 'Fair' category.
The property is situated in a guard-gated community featuring premium amenities such as two pools, a clubhouse, and a putting green, offering a secure and high-end lifestyle.
This move-in-ready home features luxury vinyl plank flooring, granite countertops, and a 2-car garage with epoxy flooring, reducing the need for immediate capital improvements.
Located just minutes from the Las Vegas Strip, Allegiant Stadium, and the I-215, the property offers excellent accessibility for commuting, shopping, and world-class entertainment.
The monthly association fee of $448 is relatively high for a 1,034-square-foot unit, which may impact buyer affordability and overall monthly carrying costs.
With 126 days on the market, the property may be perceived as stale by potential buyers, which could lead to increased negotiation pressure or lower-than-asking offers.
This beautifully maintained, move-in-ready 2-bedroom, 2-bathroom home is located in a highly desirable guard-gated community offering resort-style amenities, including two sparkling pools, a clubhouse, putting green, and park. The home features luxury vinyl plank flooring, a cozy fireplace in the living room, blinds throughout, and a French door that opens to a private patio, perfect for relaxing or entertaining. The kitchen is both stylish and functional, featuring granite countertops, a newer dishwasher, and updated light fixtures throughout the home. The thoughtfully designed floor plan places the bedrooms on opposite sides of the home, providing added privacy and comfort. The spacious 2-car garage offers epoxy flooring and additional storage space. One of the home's standout features is its convenient location within the community—just a short distance from the guardhouse, making access easy for both owners and guests. The unit is also exceptionally easy to find, and you'll love the abundance of guest parking available both in front of and behind the home, a rare convenience that adds tremendous value. The HOA provides exceptional value, covering water, sewer, and trash services, while also maintaining the community's outstanding amenities and beautifully kept grounds. Ideally situated near the Las Vegas Strip, shopping, dining, Allegiant Stadium, and I-215, this move-in-ready home offers the perfect blend of comfort, convenience, and lifestyle. A rare opportunity to own a well-appointed home in the heart of Las Vegas!
No exterior & parking available.
Grades PK-5 • 0.3 mi
Grades 6-8 • 0.4 mi
Grades 9-12 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,034 | - |
| Lot Size | 15,903 | - |
| Price | $259.0K | $217.2K |
| Price per sq ft | $250 | $219 |
| Built year | 1997 | 0 |
| HOA | $448 | $0 |
| Days on market | 187 | 828 |
Jan 16, 2026
$259,000
Initial Listing