5250 South Rainbow Boulevard 2138, Las Vegas, NV 89118, Las Vegas, 89118 - 1 bed, 1 bath
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Las Vegas, NV 89118
This Turnkey Condominium is a Strong Value Opportunity, listed at $195,000—positioned well below the $198,400 Fair Market Value by 1.7%. This valuation gap offers $3,400 in Instant Equity. Featuring a Mint Condition Rating, the unit includes a Granite Kitchen, Stainless Steel Appliances, and an Attached Garage. Residents enjoy resort-style amenities like a Pool and Spa. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance, move-in ready residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5250 South Rainbow Boulevard 2138 Subject | $190,000* List Price | 1 | 1 | 744 | $257 | - |
A 5250 S Rainbow Boulevard 2038 Sold | $195,000 | 1 | 1 | 744 | $262 | 0.2 mi |
B 5250 S Rainbow Boulevard 2101 Sold | $200,000 | 1 | 1 | 744 | $269 | 0.1 mi |
C 5118 S Jones Boulevard 201 Sold | $195,000 | 2 | 2 | 920 | $212 | 0.9 mi |
D 5022 S Rainbow Boulevard 203 Sold | $194,500 | 2 | 1 | 949 | $205 | 0.2 mi |
E 5250 S Rainbow Boulevard 2161 Active | $200,000 List Price | 1 | 1 | 744 | $269 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1997, the property has undergone a recent high-quality renovation (likely <5 years) featuring modern granite countertops, stainless steel appliances, and durable vinyl plank flooring. The unit is in mint, move-in ready condition with no visible maintenance needs.
As a corner unit featuring an attached garage with direct access, this property offers a level of privacy and convenience that is highly sought after and rare for one-bedroom condominiums.
The home is move-in ready with stylish finishes including granite countertops, stainless steel appliances, and durable vinyl plank flooring throughout, reducing the need for immediate capital improvement.
Situated in a guard-gated community, the property provides access to resort-style facilities such as a pool, spa, fitness center, dog park, and putting green, significantly enhancing its lifestyle and rental appeal.
The association fee of $448 per month is relatively high for a one-bedroom unit at this price point, which may impact the overall affordability and cash flow for potential investors.
At 744 square feet, the compact footprint and single-bedroom layout may limit the property's appeal to a smaller demographic of buyers, such as singles or couples, excluding those needing extra space for a home office.
Welcome to this beautifully upgraded one-bedroom corner-unit condo, offering added privacy and comfort within a desirable guard-gated community. This thoughtfully designed home features an attached garage with built-in cabinetry and direct access for everyday convenience. The kitchen is both stylish and functional, showcasing granite countertops, stainless steel appliances, a breakfast bar, and a separate dining area—perfect for casual meals or entertaining. Durable vinyl plank flooring flows seamlessly throughout the space for a clean, modern feel. Relax in the spacious living room complete with a cozy fireplace and access to a private balcony, ideal for enjoying your morning coffee or evening unwind. Brand new Washer and Dryer just added. Residents enjoy access to a meticulously maintained community with resort-style amenities, including a sparkling pool and spa, fitness center, playground, dog park, putting green and scenic walking paths. Perfect as an investment opportunity, weekend retreat, or low-maintenance primary residence.
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades 6-8 • 0.4 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 744 | - |
| Lot Size | 23,308 | - |
| Price | $190.0K | $217.2K |
| Price per sq ft | $255 | $219 |
| Built year | 1997 | 0 |
| HOA | $448 | $0 |
| Days on market | 26 | 828 |
Jul 17, 2026
$190,000
$195,000
-3% Price Drop
Initial Listing
Jun 26, 2026
$195,000
Initial Listing