5250 S Rainbow Boulevard 1075, Las Vegas, NV 89118, Las Vegas, 89118 - 1 bed, 1 bath
5250 S Rainbow Boulevard 1075
Las Vegas, NV 89118
Property Price
SUMMARY
Analysis of 5250 S Rainbow Boulevard 1075, Las Vegas, NV 89118 is currently available with a list price of $229,900. 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 upgraded wood-look flooring and a clean, neutral interior. While the kitchen appliances are older white models and the cabinetry reflects the original 1997 construction style, the overall condition is excellent for its age with no visible deferred maintenance. The unit's cleanliness and the addition of modern flooring qualify it for a 'good' rating as it does not require immediate renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location and Accessibility
The property is ideally situated minutes from the Las Vegas Strip and Allegiant Stadium, with immediate access to the 215 Beltway, making it highly attractive for commuters and entertainment seekers.
- Resort-Style Community Amenities
Located within a guard-gated community, residents benefit from premium amenities including two stunning pools, a fitness center, a clubhouse, and a putting green, enhancing the lifestyle value.
- Rare Attached Garage
Unlike many one-bedroom condominiums, this unit features a private attached one-car garage, providing significant added value for security, storage, and convenience.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $432 is relatively high for a one-bedroom unit, which may deter budget-conscious buyers or impact the net cash flow for potential investors.
- Limited Living Space
At 744 square feet, the compact one-bedroom layout offers limited flexibility for those requiring a home office or additional storage beyond the garage.
About 5250 S Rainbow Boulevard 1075
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!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1997
- Lot Size
- 23,308 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 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 • 0.3 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 | 1.0 | 2.0 | 33% |
| Baths | 1.0 | 2.0 | 34% |
| Square foot | 744 | 1,053 | 24% |
| Lot Size | 23,308 | - | 96% |
| Price | $229.9K | $172.0K | 66% |
| Price per sq ft | $309 | $196 | 96% |
| Built year | 1997 | 1995 | 57% |
| HOA | $432 | $221 | 91% |
| Days on market | 156 | 570 | 13% |
Pricing History
Listed for Sale
Oct 2, 2025
$229,900
Initial Listing