5250 S Rainbow Boulevard 1029, Las Vegas, NV 89118, Las Vegas, 89118 - 2 bed, 2 bath
5250 S Rainbow Boulevard 1029
Las Vegas, NV 89118
Property Price
SUMMARY
Analysis of 5250 S Rainbow Boulevard 1029, Las Vegas, NV 89118 is currently available with a list price of $270,000. 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 several modern upgrades that elevate it above a 'fair' condition despite its 1997 build date. Key improvements include luxury vinyl plank flooring, granite countertops, and a mix of stainless steel and black appliances. The addition of newer light fixtures, a newer dishwasher, and epoxy flooring in the garage indicates the home has been well-maintained and updated within the last 5 to 15 years, meeting the criteria for a functional, updated, and well-maintained residence.
PROSSTRENGTHS & OPPORTUNITIES
- Resort-Style Community Amenities
The property is situated in a secure guard-gated community featuring premium amenities such as two pools, a clubhouse, a putting green, and a park, offering a high-quality lifestyle.
- Modern Interior Upgrades
This move-in-ready home boasts luxury vinyl plank flooring, granite countertops, and updated kitchen fixtures and appliances, providing a contemporary aesthetic without the need for immediate renovation.
- Enhanced Privacy and Storage
The split-bedroom floor plan ensures maximum privacy, while the rare 2-car garage with epoxy flooring and built-in storage offers utility seldom found in standard condominium units.
CONSRISKS & DEFICIENCIES
- High Monthly Association Fees
The monthly HOA fee of $448 is relatively high for this price point, which may deter budget-conscious buyers or impact overall financing qualifications.
- Property Age
Built in 1997, the unit and its underlying systems are nearly 30 years old, which may lead to upcoming maintenance requirements for major components like the HVAC or water heater.
About 5250 S Rainbow Boulevard 1029
This 2-bedroom, 2-bathroom beauty is in a guard-gated community that offers a resort style living with 2 pools, clubhouse, putting green and a park. It features luxury vinyl plank flooring, a fireplace in the living room, blinds, and a French door to its private patio. The kitchen includes granite countertops, stainless steel and black appliances, newer dishwasher, sink, faucet, and garbage disposal, and newer light fixtures throughout. The bedrooms are located on opposite sides for added privacy. The 2-car garage has epoxy flooring and storage. Conveniently located near the Las Vegas Strip, shopping, Allegiant Stadium, I-215, and just steps from the community's guardhouse. This is a rare opportunity to own a move-in-ready home in the heart of Las Vegas.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1997
- Lot Size
- 15,903 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $448 / Month
Neighborhood Insights
Las Vegas Unified Schools
Marion B Earl Elementary School
Grades PK-5 • 0.3 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 | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,034 | 1,053 | 49% |
| Lot Size | 15,903 | - | 91% |
| Price | $270.0K | $172.0K | 92% |
| Price per sq ft | $261 | $196 | 93% |
| Built year | 1997 | 1995 | 57% |
| HOA | $448 | $221 | 99% |
| Days on market | 50 | 570 | 1% |
Pricing History
Listed for Sale
Jan 16, 2026
$270,000
Initial Listing