5250 S Rainbow Boulevard 1075, Las Vegas, NV 89118, Las Vegas, 89118 - 1 bed, 1 bath
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Las Vegas, NV 89118
This Resort-Style Guard-Gated Condominium is listed at $229,900, representing a premium lifestyle choice within the Spanish Palms community with a Fair Market Value of $201,225. Maintaining a Condition Rating of 4, this well-kept corner unit features a rare attached one-car garage, upgraded flooring, and a private balcony. Residents benefit from resort amenities and proximity to Marion B Earl Elementary and the Las Vegas Strip. This move-in-ready residence is an ideal match for professionals or first-time buyers seeking a secure, high-end transition.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5250 S Rainbow Boulevard 1075 Subject | $229,900* List Price | 1 | 1 | 744 | $270 | - |
A 5250 S Rainbow Boulevard 2033 Sold | $205,000 List Price | 1 | 1 | 744 | 0.1 mi | |
B 5250 S Rainbow Boulevard 2133 Sold | $215,000 List Price | 1 | 1 | 744 | 0.2 mi | |
C 5250 S Rainbow Boulevard 1012 Active | $189,999 List Price | 1 | 1 | 744 | $255 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1997 (28 years old), placing it within the age range for the 'fair' category. While the listing highlights upgraded flooring and the unit appears well-maintained and move-in ready, there is no mention or visual evidence of a full modern renovation to the kitchen or bathroom. It represents a typical well-kept home of its era with minor cosmetic updates.
Situated minutes from the Las Vegas Strip and Allegiant Stadium with easy access to the 215 Beltway, offering exceptional convenience for entertainment and commuting.
The guard-gated community features premium amenities including two pools, a fitness center, and a putting green, providing a high-end lifestyle and enhanced security.
This corner unit includes a highly desirable attached one-car garage and upgraded flooring, adding significant functional value and privacy compared to standard condos.
The monthly HOA fee of $432 is relatively high for a one-bedroom unit, which may impact the overall affordability and monthly carrying costs for some buyers.
At 744 square feet, the interior living space is compact, which may limit appeal for buyers seeking more room or additional storage options.
This Beautiful yet cozy 1 bed 1 bath downstairs condo with attached 1 car garage is tucked away in the guard gated Resort Style Spanish Palms Community. This corner unit has upgraded flooring and a private balcony. Community amenities include 2 stunning pools, a clubhouse, a guard gate, a fitness center, and a putting Green. This community is so conveniently located too, just minutes away from the fabulous Las Vegas Strip and Allegiant Stadium. Close proximity to hospitals, shopping, restaurants, 215 Beltway, and Entertainment!
No exterior & parking available.
Grades PK-5 • 0.3 mi
Grades 6-8 • 0.3 mi
Grades 9-12 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 29% |
| Baths | 1.0 | 2.0 | 31% |
| Square foot | 744 | 1,034 | 20% |
| Lot Size | 23,308 | - | 94% |
| Price | $229.9K | $184.5K | 66% |
| Price per sq ft | $309 | $205 | 95% |
| Built year | 1997 | 1996 | 52% |
| HOA | $432 | $220 | 91% |
| Days on market | 202 | 986 | 22% |
Oct 2, 2025
$229,900
Initial Listing