5250 S Rainbow Boulevard 1132, Las Vegas, NV 89118, Las Vegas, 89118 - 2 bed, 2 bath
5250 S Rainbow Boulevard 1132
Las Vegas, NV 89118
Property Price
SUMMARY
Analysis of 5250 S Rainbow Boulevard 1132, Las Vegas, NV 89118 is currently available with a list price of $249,000. 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.
The property has been recently and extensively renovated, featuring fresh interior paint, new lighting fixtures, and new toilets. The kitchen is updated with modern stainless steel appliances and stone countertops, and the garage includes a newly epoxied floor. Although built in 1997, the recent comprehensive cosmetic and functional updates align with the 'excellent' criteria for properties renovated within the last 5 years.
PROSSTRENGTHS & OPPORTUNITIES
- Recent Renovations
The unit features fresh interior paint, new lighting fixtures, updated toilets, and a newly epoxied garage floor, providing a modern, move-in-ready aesthetic.
- Prime Southwest Location
Ideally situated with close proximity to the Las Vegas Strip, Allegiant Stadium, and Summerlin, offering excellent convenience for entertainment and commuting.
- Desirable Ground Floor Layout
As a sought-after ground-floor interior unit, the property offers easy accessibility and a quieter living environment away from street noise.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The association fee of $448 per month is relatively high for this price point, which could affect the debt-to-income ratio for some prospective buyers.
- Building Age
Constructed in 1997, the property may soon require more significant capital improvements to major systems or common areas despite the recent cosmetic interior updates.
About 5250 S Rainbow Boulevard 1132
BACK ON THE MARKET!!!! HIGHLY SOUGHT AFTER GROUND FLOOR INTERIOR UNIT!!!!FRESHLY RENOVATED!!!VERY ATTRACTIVE PRICE POINT IN THE COMMUNITY. NESTLED IN AN INTERIOR QUIET LOCATION. BRIGHT!!!! NEWLY PAINTED, ADDED NEW TOILETS, NEW LIGHTING FIXTURES AND FAN. GARAGE FRESHLY EPOXIED. VERY POPULAR LOCATION IN SOUTHWEST CLOSE PROXIMITY TO STRIP, ALLEGIANT STADIUM AND T-MOBILE, RED ROCK, SUMMERLIN AND MORE.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1997
- Lot Size
- 15,903 Sq. Ft.
Interior
- Total Bedrooms
- 2
- 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 • 0.2 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 | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,034 | 1,053 | 49% |
| Lot Size | 15,903 | - | 91% |
| Price | $249.0K | $172.0K | 78% |
| Price per sq ft | $241 | $196 | 79% |
| Built year | 1997 | 1995 | 57% |
| HOA | $448 | $221 | 99% |
| Days on market | 156 | 570 | 13% |
Pricing History
Listed for Sale
Mar 5, 2026
$249,000
$260,000
-4% Price Drop
Initial Listing
Price Change
Oct 2, 2025
$260,000
Initial Listing