5250 S Rainbow Boulevard 1010, Las Vegas, NV 89118, Las Vegas, 89118 - 3 bed, 2 bath
5250 S Rainbow Boulevard 1010
Las Vegas, NV 89118
Property Price
SUMMARY
Analysis of 5250 S Rainbow Boulevard 1010, Las Vegas, NV 89118 is currently available with a list price of $324,900. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Las Vegas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and features recent aesthetic upgrades, most notably the new granite countertops in the kitchen. Although built in 1997 (29 years ago), the unit is well-maintained and located within a high-end guard-gated community. The combination of new kitchen surfaces, functional systems, and the rare inclusion of a private 2-car garage suggests a level of care and modernization that aligns with 'good' condition rather than 'fair,' which typically implies more significant signs of being outdated.
PROSSTRENGTHS & OPPORTUNITIES
- Premium Community Amenities
Located in the guard-gated Spanish Palms, the property offers high-end security and resort-style amenities including a fitness center, pool, spa, and onsite management.
- Exceptional Parking & Accessibility
This rare downstairs unit includes a private 2-car garage with direct entry, providing a level of convenience and storage typically reserved for single-family homes.
- Prime Location & Incentives
Situated minutes from the Las Vegas Strip and adjacent to a golf course, the property is highly desirable for commuters and also offers special seller financing to increase buyer accessibility.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The monthly association fee of $377 is relatively high for a condo of this size, which may impact the overall affordability and debt-to-income ratio for some buyers.
- Compact Three-Bedroom Layout
With three bedrooms squeezed into 1,131 square feet, the individual room sizes and common areas may feel restrictive compared to more spacious modern floor plans.
About 5250 S Rainbow Boulevard 1010
Welcome home to the community of Spanish Palms!!! This beautiful, guard-gated community offers a community center with an onsite manager, and a fitness center, overlooking the beautiful pool and spa. Providing plenty of extra guest parking and a 2 car garage with a private entry. With 3 bedrooms, and 3 bath this downstairs condo NEW granite countertops. It is conveniently located next to a golf course, lots of restaurants, shopping, and minutes from the Strip. Special seller financing is available.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1997
- Lot Size
- -
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $377 / Month
Neighborhood Insights
Las Vegas Unified Schools
Marion B Earl Elementary School
Grades PK-5 • 0.4 mi
Grant Sawyer Middle School
Grades 6-8 • 0.4 mi
Durango High School
Grades 9-12 • 0.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 74% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,131 | 1,070 | 61% |
| Lot Size | - | - | 50% |
| Price | $324.9K | $172.0K | 99% |
| Price per sq ft | $287 | $196 | 96% |
| Built year | 1997 | 1995 | 57% |
| HOA | $377 | $221 | 88% |
| Days on market | 51 | 570 | 1% |
Pricing History
Listed for Sale
Jan 15, 2026
$324,900
Initial Listing