5250 S Rainbow Boulevard 1032, Las Vegas, NV 89118, Las Vegas, 89118 - 2 bed, 2 bath
5250 S Rainbow Boulevard 1032
Las Vegas, NV 89118
Property Price
SUMMARY
Analysis of 5250 S Rainbow Boulevard 1032, Las Vegas, NV 89118 is currently available with a list price of $269,900. 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.
The property has undergone an extensive recent renovation that brings it up to modern standards. Key updates include brand new paint, blinds, and luxury flooring throughout, along with updated kitchen cabinets, granite countertops, and stainless steel appliances. The bathrooms feature brand new quartz countertops, and the garage has a fresh epoxy floor. Despite the 1997 build year, the comprehensive nature of these recent upgrades and the move-in ready condition justify an excellent rating.
PROSSTRENGTHS & OPPORTUNITIES
- Extensive Modern Renovations
The unit is move-in ready featuring luxury flooring, brand-new paint and blinds, updated cabinets, and premium quartz and granite countertops throughout.
- Rare Attached 2-Car Garage
A significant value-add for a condominium, this unit includes an attached two-car garage with direct interior access and a newly finished epoxy floor.
- Resort-Style Guard-Gated Living
Located in a secure 24-hour guard-gated community, the property boasts a premium location just steps from a luxury pool area with lush landscaping and a tropical waterfall.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The association fee of $432 per month is relatively high, which may impact buyer affordability and overall monthly carrying costs.
- Aging Infrastructure
Built in 1997, the property is approaching 30 years of age, which may lead to upcoming maintenance needs for major systems or common area components.
About 5250 S Rainbow Boulevard 1032
PREMIUM LOCATION! REMODELED! Downstairs LUXURY CONDO in a Resort-Style GUARD-GATED Community with 24 HOURS SECURITY*BEST LOCATION Just Steps from the Gorgeous Pool Area with Lush Landscape, Palapas, Babq area and a Massive Water Fall with a Tropical feel*2 Bedrooms, 2 Bathrooms, Attached 2 CAR GARAGE*Most popular floor plan with the Primary Suite completely separate from the Secondary Bedroom*MODERN LUXURY FLOORING throughout*Brand NEW PAINT*Brand NEW BLINDS*Updated Cabinets*STAINLESS STEEL APPLIANCES and BRAND NEW SS SINK and faucet*GRANITE COUNTERTOPS in kitchen and Brand New QUARTZ in bathrooms*Family room with beautiful FIREPLACE and BALCONY*The Garage access is from the inside of the unit*BRAND NEW EPOXY floor* Located Centrally in Las Vegas near World-Class Dining, Shopping and Entertainment, this Exclusive Community offers both Security and Tranquillity*The Community also offers a MODERN FITNESS CENTER and Beautifully Landscaped Parks*WATER,SEWER AND TRASH INCLUDED in HOA fee*
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
- $432 / 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 | $269.9K | $172.0K | 92% |
| Price per sq ft | $261 | $196 | 93% |
| Built year | 1997 | 1995 | 57% |
| HOA | $432 | $221 | 91% |
| Days on market | 60 | 570 | 1% |
Pricing History
Listed for Sale
Jan 6, 2026
$269,900
Initial Listing