5250 S Rainbow Boulevard 1063, Las Vegas, NV 89118, Las Vegas, 89118 - 3 bed, 2 bath
5250 S Rainbow Boulevard 1063
Las Vegas, NV 89118
Property Price
SUMMARY
Analysis of 5250 S Rainbow Boulevard 1063, Las Vegas, NV 89118 is currently available with a list price of $303,990. 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 within the last 5 years, featuring modern upgrades such as quartz countertops, new stainless-steel appliances, luxury vinyl plank flooring, and a fully remodeled primary bathroom with new cabinetry. The interior components are virtually new, meeting current design standards and eliminating deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Comprehensive Modern Upgrades
The property is move-in ready with high-end finishes including quartz countertops, luxury vinyl plank flooring, fresh designer paint, and new stainless-steel appliances.
- Exceptional Parking and Access
Unlike many condos, this unit features a rare oversized two-car garage with direct interior access, providing significant convenience and additional storage space.
- Premium Community Amenities
Situated in a guard-gated community, residents enjoy resort-style living with access to multiple pools, spas, a fitness center, and a dedicated dog park.
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 affordability and debt-to-income ratio for some buyers.
- Average School Ratings
The local public schools are rated between 4 and 5 out of 10, which may be a drawback for families prioritizing top-tier educational districts.
About 5250 S Rainbow Boulevard 1063
Experience refined living in this beautifully upgraded 3-bedroom, 2-bath ground-level condo in the prestigious guard-gated Spanish Palms community. This move-in-ready residence features fresh designer paint, new baseboards, luxury vinyl plank flooring, and new carpet throughout. The modern kitchen offers quartz countertops and new stainless-steel appliances, opening to a spacious living area with a cozy fireplace. The primary suite includes a ceiling fan, walk-in closet, and a fully remodeled en-suite bath with walk-in shower and new cabinetry. Additional highlights include an oversized two-car garage with direct access and a brand-new washer and dryer (negotiable). Conveniently located near the 215, airport, shopping, and dining. Community amenities include pools, spas, fitness center, park, dog park, and more—offering a true resort-style lifestyle.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1997
- Lot Size
- 15,903 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 • 0.5 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 | 15,903 | - | 91% |
| Price | $304.0K | $172.0K | 99% |
| Price per sq ft | $269 | $196 | 96% |
| Built year | 1997 | 1995 | 57% |
| HOA | $448 | $221 | 99% |
| Days on market | 53 | 570 | 1% |
Pricing History
Listed for Sale
Jan 13, 2026
$303,990
Initial Listing