5250 South Rainbow Boulevard 2003, Las Vegas, NV 89118, Las Vegas, 89118 - 3 bed, 2 bath
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Las Vegas, NV 89118
This Turnkey Condominium is a Strong Value Opportunity, listed at $274,500—positioned slightly above the $271,816 Fair Market Value. Featuring a Condition Rating of 2, this residence offers a high-end remodel with Granite Countertops and KitchenAid Appliances. Residents enjoy a resort-style lifestyle with a Private Balcony, Attached 2-Car Garage, and community amenities including a Pool and Spa. Located near Marion B Earl Elementary, this property provides a stable, move-in ready environment. It is an ideal acquisition for Second-Home Buyers or Owner-Occupants seeking a premium, low-maintenance lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5250 South Rainbow Boulevard 2003 Subject | $274,500* List Price | 3 | 2 | 1,131 | $240 | - |
A 5038 S Rainbow Boulevard 206 Sold | $240,000 | 3 | 2 | 1,163 | $206 | 0.4 mi |
B 5250 S RAINBOW BL Boulevard 1004 Sold | $250,000 | 3 | 2 | 1,131 | $221 | - |
C 5250 S Rainbow Boulevard 2101 Sold | $200,000 | 1 | 1 | 744 | $269 | 0.1 mi |
D 5250 S Rainbow Boulevard 1004 Sold | $250,000 | 3 | 2 | 1,131 | $221 | - |
E 5250 S Rainbow Boulevard 1010 Active | $324,900 List Price | 3 | 2 | 1,131 | $287 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While the building dates to 1997, the interior has undergone a recent high-quality remodel featuring new luxury vinyl plank flooring, granite countertops, and premium KitchenAid stainless steel appliances. The unit is in turnkey, mint condition, effectively meeting the criteria for a recent renovation under 5 years old.
The property is sold fully furnished with high-end KitchenAid appliances, premium bedding, and decor, offering a seamless, move-in-ready experience ideal for second-home buyers or investors.
A significant value-add for a condominium, this unit includes an attached two-car garage with epoxy flooring, providing superior security, convenience, and storage compared to standard carports.
Located in a guard-gated community directly across from the clubhouse, residents enjoy high-tier amenities including a resort-style pool, fitness center, and pet-friendly facilities.
The $448 monthly association fee is relatively high for this price point, which may impact buyer affordability and reduce the net ROI for potential rental investors.
Fitting three bedrooms into 1,131 square feet results in a dense floor plan where individual room sizes may feel restrictive for families requiring larger living quarters.
Discover resort-style living in this beautifully remodeled, fully furnished condominium located in the highly sought-after guard-gated Spanish Palms community. Perfectly positioned directly across from the community pool and clubhouse, this move-in ready upper-level residence offers the ideal blend of luxury, comfort, and convenience. Featuring 3 bedrooms, 2 bathrooms, and an attached epoxy-coated 2-car garage, the thoughtfully designed floor plan provides spacious living with quality finishes throughout. Step inside to find new luxury vinyl plank flooring, premium travertine tile, granite countertops, and a cozy gas fireplace that creates a warm and inviting living space. The kitchen is equipped with lightly used KitchenAid stainless steel appliances, a DeLonghi espresso machine, and all major appliances. The home is being sold fully furnished, including TVs, furniture, décor, high-end bedding, towels, and kitchen essentials, making it truly turnkey. Enjoy the convenience of in-unit laundry, a private balcony, and exceptional community amenities, including a resort-style pool and spa, fitness center, clubhouse, BBQ areas, playground, and dog park. HOA dues include water, sewer, and trash. Ideally located just minutes from the 215 Beltway, shopping, dining, entertainment, the Las Vegas Strip, and Harry Reid International Airport, this home is an excellent opportunity for a primary residence, second home, or lock-and-leave lifestyle.
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 | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,131 | - |
| Lot Size | 23,308 | - |
| Price | $274.5K | $217.2K |
| Price per sq ft | $243 | $219 |
| Built year | 1997 | 0 |
| HOA | $448 | $0 |
| Days on market | 26 | 828 |
Jun 26, 2026
$274,500
Initial Listing