5250 S Rainbow Boulevard 1027, Las Vegas, NV 89118, Las Vegas, 89118 - 3 bed, 2 bath
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Las Vegas, NV 89118
This Turnkey Resort-Style Condominium is listed at $299,999, reflecting a premium for its extensive upgrades over the $271,687 Fair Market Value. Boasting a Condition Rating of 3, the interior features a modern Granite Kitchen, Stainless Steel Appliances, and wood-look tile flooring throughout. As a rare first-level unit with an Attached Garage, it offers accessibility and storage seldom found in the guard-gated Spanish Palms community. Located near Marion B Earl Elementary, this home balances luxury amenities with suburban convenience. It is a perfect match for Owner-Occupants or first-time buyers seeking a move-in-ready sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5250 S Rainbow Boulevard 1027 Subject | $299,999* List Price | 3 | 2 | 1,131 | $240 | - |
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 5038 S Rainbow Boulevard 206 Sold | $240,000 | 3 | 2 | 1,163 | $206 | 0.5 mi |
E 5250 S RAINBOW BL Boulevard 2002 Sold | $250,000 | 2 | 2 | 1,034 | $242 | 0.0 mi |
F 5250 S RAINBOW BL Boulevard 1123 Sold | $269,000 | 3 | 2 | 1,131 | $238 | 0.2 mi |
G 5250 S Rainbow Boulevard 2032 Active | $279,900 List Price | 2 | 2 | 1,034 | $271 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features significant recent cosmetic renovations, including modern wood-look tile flooring throughout and an updated kitchen with granite countertops and brand-new stainless steel appliances. While the 1997 construction and some original elements like the tiled bathroom countertops show some age, the home is well-maintained with high-quality finishes that meet current market standards.
The unit features contemporary wood-look tile flooring throughout and a fully remodeled kitchen with granite countertops and brand-new stainless steel appliances.
As a first-level unit with an attached garage, this property offers accessibility and private parking/storage options rarely found in standard condominium layouts.
Located in a guard-gated community, residents benefit from premium amenities including two pools, a fitness center, and a dog park, all within 10 minutes of the Las Vegas Strip.
The monthly HOA fee of $432 is relatively high for this price point, which may impact overall affordability and investment yield for potential buyers.
Built in 1997, the property and community systems are approaching 30 years of age, which may necessitate more frequent maintenance or future capital improvement assessments.
THIS HOME HAS IT ALL! Located in the Guard Gated Spanish Palms community, this ATTACHED garage 1ST LEVEL condominium features wood-look tile flooring throughout! The upgraded kitchen boasts granite countertops, white kitchen cabinets, and ALL NEW stainless steel kitchen appliances! Community offers fantastic amenities, including 2 pools, a fitness center, clubhouse, dog park, and putting green. Only 10 minutes west of the Strip. See this beautiful gem located in the heart of Spring Valley in person!
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades 6-8 • 0.4 mi
Grades 9-12 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 74% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,131 | 1,034 | 62% |
| Lot Size | 15,900 | - | 91% |
| Price | $300.0K | $184.5K | 97% |
| Price per sq ft | $265 | $205 | 94% |
| Built year | 1997 | 1996 | 52% |
| HOA | $432 | $220 | 91% |
| Days on market | 145 | 986 | 11% |
Nov 28, 2025
$299,999
Initial Listing