5250 S Rainbow Boulevard 1054, Las Vegas, NV 89118, Las Vegas, 89118 - 3 bed, 2 bath
5250 S Rainbow Boulevard 1054
Las Vegas, NV 89118
Property Price
SUMMARY
Analysis of 5250 S Rainbow Boulevard 1054, Las Vegas, NV 89118 is currently available with a list price of $289,900. 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 well-maintained, featuring significant recent capital improvements including a new HVAC system (2022), an upgraded water heater, fresh paint, and new carpeting in the bedrooms. The kitchen has been updated with granite countertops and stainless steel appliances, which elevates it above the original 1997 builder grade. While the cabinetry and bathroom fixtures reflect an older style, the overall condition is excellent for its age with no immediate repairs required.
PROSSTRENGTHS & OPPORTUNITIES
- Rare Garage & Accessibility
This desirable first-floor, single-level unit features a rare oversized 2-car garage with direct access, providing a level of convenience and storage seldom found in condominium living.
- Recent Capital Improvements
The property boasts significant recent upgrades, including a new HVAC system installed in 2022, an upgraded water heater, fresh paint, and new carpeting, reducing immediate move-in costs.
- Prime Location & Security
Located in a 24-hour guard-gated community, the home offers excellent security and a central location minutes from the Las Vegas Strip, Allegiant Stadium, and Downtown Summerlin.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The association fee of $448 per month is relatively high for this price point, which may impact the overall monthly affordability and debt-to-income ratio for potential buyers.
- Compact Three-Bedroom Layout
With 1,131 square feet split across three bedrooms, the individual room sizes and living areas may feel somewhat confined compared to more modern, open-concept floor plans.
About 5250 S Rainbow Boulevard 1054
THIS BEAUTIFUL 24-HOUR GUARD-GATED SPANISH PALMS CONDO COMMUNITY IS JUST MINUTES FROM THE LAS VEGAS STRIP & DOWNTOWN SUMMERLIN! Perfect for All seeking space & convenience, this desirable first-floor, single-level 3-bed, 2 full bath home offers comfort & functionality in the sought-after 89118 zip. The updated kitchen features stainless steel appliances w/ black trim, maple cabinetry, & granite countertops—ideal for daily living & gatherings. The spacious primary suite includes a walk-in closet & tub/shower combo, while two additional bedrooms offer flexibility for children, guests, or a home office. Enjoy rare convenience of an oversized 2-car garage w/ direct access. Freshly painted & new carpet in all bedrooms. HVAC replaced May 2022 w/ upgraded larger-capacity water heater. Residents enjoy clubhouse, fitness center, pool, & spa just steps away. Minutes from the Strip, Las Vegas Raiders Stadium, Aviators Las Vegas Ballpark, Down Town Summerlin & more. This will not last long!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1997
- Lot Size
- 23,308 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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 | 3.0 | 2.0 | 74% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,131 | 1,070 | 61% |
| Lot Size | 23,308 | - | 96% |
| Price | $289.9K | $172.0K | 97% |
| Price per sq ft | $256 | $196 | 93% |
| Built year | 1997 | 1995 | 57% |
| HOA | $448 | $221 | 99% |
| Days on market | 13 | 570 | 1% |
Pricing History
Listed for Sale
Feb 22, 2026
$289,900
Initial Listing