5250 S Rainbow Boulevard 1120, Las Vegas, NV 89118, Las Vegas, 89118 - 2 bed, 2 bath
Loading property details...
Las Vegas, NV 89118
This Move-In Ready Ground-Floor Condominium is listed at $265,000, offering a stable entry point at its $265,000 Fair Market Value. Boasting a Condition Rating of 4, the interior features a split-bedroom floor plan and essential updates, including a new refrigerator and washing machine. The property stands out with a rare direct-entry garage and a private patio within a secure guard-gated community. Located near the top-rated Marion B Earl Elementary School, this home balances lifestyle convenience with suburban security. It is an ideal match for first-time buyers or downsizing professionals.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5250 S Rainbow Boulevard 1120 Subject | $265,000* List Price | 2 | 2 | 1,034 | $256 | - |
A 5250 S RAINBOW Boulevard 2130 Sold | $204,888 List Price | 3 | 2 | 1,131 | 0.0 mi | |
B 5250 S RAINBOW BL Boulevard 1123 Sold | $269,000 | 3 | 2 | 1,131 | $238 | 0.0 mi |
C 5012 S Rainbow Boulevard 101 Sold | $205,000 List Price | 2 | 2 | 1,091 | 0.2 mi | |
D 5022 S Rainbow Boulevard 204 Sold | $220,000 | 2 | 2 | 1,091 | $202 | 0.2 mi |
E 5250 S Rainbow Boulevard 1004 Sold | $250,000 | 3 | 2 | 1,131 | $221 | 0.2 mi |
F 5250 S Rainbow Boulevard 2126 Sold | $298,000 List Price | 3 | 2 | 1,131 | 0.1 mi | |
G 5250 S Rainbow Boulevard 2108 Active | $267,900 List Price | 2 | 2 | 1,034 | $259 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained and move-in ready with updated wood-look flooring and some new appliances, including the refrigerator. However, built in 1997, the kitchen cabinetry and overall architectural style remain original to the construction era. It meets the 'fair' criteria as a home over 20 years old that has been maintained through regular upkeep and minor updates rather than a comprehensive modern renovation.
This ground-floor unit features direct-entry garage access into the kitchen, providing exceptional convenience and ease of movement compared to typical multi-story condo layouts.
Situated within a guard-gated community, the property offers a higher level of security and privacy, located directly across from the prestigious Spanish Trail development.
The home is well-maintained with a functional split-bedroom floor plan and includes all appliances, featuring a brand-new refrigerator and washing machine.
The monthly HOA fee of $432 is relatively high for the area and price point, which may impact the overall affordability and debt-to-income ratio for some buyers.
Built in 1997, the property may require cosmetic updates to meet modern aesthetic standards, as it features older architectural styles compared to newer developments in the Southwest valley.
Easy access ground floor unit. Cozy well maintained home in SW community on Rainbow and W. Tropicana, featuring abundant amenities with mature landscape...location near shopping, 215-freeway and dining locations. Neutral colors and all appliances included, new refrigerator and washing machine. Two bedrooms separated by the living area. Garage access direct into house and kitchen. Guard gated community on Rainbow is just across the street from Spanish Trail Development. This unit also available for yearly lease at $1500/month.
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades 6-8 • 0.4 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,034 | 1,034 | 50% |
| Lot Size | 15,897 | - | 91% |
| Price | $265.0K | $184.5K | 88% |
| Price per sq ft | $256 | $205 | 91% |
| Built year | 1997 | 1996 | 52% |
| HOA | $432 | $220 | 91% |
| Days on market | 129 | 986 | 6% |
Dec 14, 2025
$265,000
Initial Listing