5250 S Rainbow Boulevard 1027, Las Vegas, NV 89118, Las Vegas, 89118 - 3 bed, 2 bath
5250 S Rainbow Boulevard 1027
Las Vegas, NV 89118
Property Price
SUMMARY
Analysis of 5250 S Rainbow Boulevard 1027, Las Vegas, NV 89118 is currently available with a list price of $299,999. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 new construction or fully renovated.
Although built in 1997, the property has undergone an extensive recent renovation that meets modern quality standards. Key upgrades include new wood-look tile flooring throughout, a remodeled kitchen with contemporary white cabinetry, granite countertops, and brand-new stainless steel appliances, leaving no immediate deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Interior & Accessibility
This first-level unit features high-end upgrades including wood-look tile flooring and a remodeled kitchen with granite countertops and new stainless steel appliances, plus the rare convenience of an attached garage.
- Secure Prime Location
Situated in a guard-gated community in the heart of Spring Valley, the property offers enhanced security and is conveniently located just 10 minutes from the Las Vegas Strip.
- Resort-Style Amenities
Residents enjoy access to premium community features including two swimming pools, a fitness center, a clubhouse, a dog park, and a putting green, providing a high-quality lifestyle.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly association fee of $432 is relatively high for this price point, which significantly increases the total monthly carrying cost for the homeowner.
- Compact 3-Bedroom Layout
At 1,131 square feet, the three-bedroom configuration may result in smaller individual bedroom sizes and limited living space compared to larger floor plans.
About 5250 S Rainbow Boulevard 1027
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!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1997
- Lot Size
- 15,900 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $432 / 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 • 0.3 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 | 15,900 | - | 91% |
| Price | $300.0K | $172.0K | 99% |
| Price per sq ft | $265 | $196 | 96% |
| Built year | 1997 | 1995 | 57% |
| HOA | $432 | $221 | 91% |
| Days on market | 99 | 570 | 5% |
Pricing History
Listed for Sale
Nov 28, 2025
$299,999
Initial Listing