5250 S Rainbow Boulevard 1140, Las Vegas, NV 89118, Las Vegas, 89118 - 2 bed, 2 bath
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Las Vegas, NV 89118
This Turnkey Fully Furnished Residence is listed at $252,000, offering a stable and fair entry point aligned with its $250,500 Fair Market Value. Boasting a Condition Rating of 3, the home features high-value upgrades including new wood-look flooring, updated stainless appliances, and a newer A/C unit. The property includes a rare attached 2-car garage with epoxy coating, a significant upgrade for the guard-gated Spanish Palms community. Located near the top-rated Marion B Earl Elementary, this home balances resort-style amenities with immediate move-in convenience. It is an ideal match for Owner-Occupants or first-time buyers seeking a polished sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5250 S Rainbow Boulevard 1140 Subject | $252,000* List Price | 2 | 2 | 1,034 | $242 | - |
A 5250 S Rainbow Boulevard 1004 Sold | $250,000 | 3 | 2 | 1,131 | $221 | 0.1 mi |
B 5250 S Rainbow Boulevard 2126 Sold | $298,000 List Price | 3 | 2 | 1,131 | 0.1 mi | |
C 5250 S Rainbow Boulevard 2002 Sold | $250,000 | 2 | 2 | 1,034 | $242 | 0.1 mi |
D 5250 S RAINBOW BL Boulevard 2002 Sold | $250,000 | 2 | 2 | 1,034 | $242 | 0.1 mi |
E 5250 S RAINBOW Boulevard 2130 Sold | $204,888 List Price | 3 | 2 | 1,131 | 0.1 mi | |
F 5250 S Rainbow Boulevard 1011 Sold | $225,000 List Price | 2 | 2 | 1,034 | 0.2 mi | |
G 5250 S Rainbow Boulevard 1132 Active | $249,000 List Price | 2 | 2 | 1,034 | $241 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained with several key updates including new wood-look flooring, updated stainless steel kitchen appliances, and newer major systems like the A/C and water heater. While the kitchen cabinets reflect the original 1997 build style, the overall condition is turnkey with no immediate repairs needed, fitting the criteria for a well-maintained home with functional major systems.
The property is move-in ready and fully furnished with significant upgrades, including new flooring, a newer A/C unit, and updated appliances, providing immediate value and convenience.
A standout feature for a condominium, this unit includes a private 2-car garage with epoxy coating, offering superior storage and security compared to standard carport options.
Ideally situated in a guard-gated community less than 5 minutes from the 215 freeway and 15 minutes from the Strip, with walking-distance access to schools and medical offices.
The monthly association fee of $432 is relatively high for a 1,034-square-foot condo, which may affect overall affordability and investor cap rates.
Built in 1997, the property is nearly 30 years old, which may lead to higher long-term maintenance requirements for common areas and community infrastructure.
Location, location, location! This move-in-ready, fully furnished 2-bedroom condo with a 2-car garage is located in a desirable guard-gated Southwest community with 24/7 security and an on-site HOA office and ideally situated less than 5 minutes from the 215 freeway and under 15 minutes to the Las Vegas Strip or Summerlin, with walking-distance access to schools, medical offices, and a hospital. The well-maintained community offers a pet park and BBQ area. Thoughtful upgrades include new flooring, a newer A/C unit and water heater, epoxy-coated garage, updated appliances, and wooden blinds throughout. All appliances are included, and HOA dues cover water, sewer, and trash—making this home truly turnkey and never used as a rental.
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades 6-8 • 0.5 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 | 23,308 | - | 94% |
| Price | $252.0K | $184.5K | 85% |
| Price per sq ft | $244 | $205 | 83% |
| Built year | 1997 | 1996 | 52% |
| HOA | $432 | $220 | 91% |
| Days on market | 76 | 986 | 5% |
Feb 5, 2026
$252,000
Initial Listing