5250 S Rainbow Boulevard 2029, Las Vegas, NV 89118, Las Vegas, 89118 - 2 bed, 2 bath
5250 S Rainbow Boulevard 2029
Las Vegas, NV 89118
Property Price
SUMMARY
Analysis of 5250 S Rainbow Boulevard 2029, Las Vegas, NV 89118 is currently available with a list price of $252,000. 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 features several modern updates including granite countertops, stainless steel appliances, and laminate flooring throughout. While the unit was built in 1997, it has been well-maintained and renovated beyond its original state, though it does not meet the 'excellent' criteria of a full recent renovation or new construction.
PROSSTRENGTHS & OPPORTUNITIES
- Attached Two-Car Garage
A rare and highly desirable feature for a condominium, the attached two-car garage provides exceptional convenience, security, and additional storage space that sets this unit apart from competitors.
- Guard-Gated Security & Amenities
Located in the Spanish Palms community, the property offers 24/7 guard-gated security and resort-style amenities including a pool, spa, and fitness center, enhancing both safety and lifestyle appeal.
- Modern Dual-Suite Layout
The interior features a functional dual-primary bedroom design with private bathrooms for each, complemented by contemporary upgrades such as granite countertops, stainless steel appliances, and laminate flooring throughout.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The association fee of $432 per month is relatively high for a property at this price point, which may impact overall monthly affordability and the buyer's debt-to-income ratio.
- Second-Story Accessibility
As a second-floor unit, the property may be less attractive to buyers with mobility concerns or those who prefer the ease of ground-level access.
About 5250 S Rainbow Boulevard 2029
Stunning 2-Bedroom, 2-Bath Condo in Spanish Palms – Guard Gated Community Welcome to your new home in the highly sought-after Spanish Palms community! This beautifully maintained two-bedroom, two-bath condo offers comfort, style, and convenience—all with the security of a guard-gated entrance. This second-story unit features a private balcony, attached two-car garage, and all laminate flooring throughout. The spacious family room opens seamlessly to the kitchen, making it ideal for entertaining. The bright kitchen is equipped with a breakfast bar, granite countertops, and stainless steel appliances. Both bedrooms are generously sized, each with its own private bathroom, providing the perfect setup for comfort and privacy. Enjoy resort-style living with access to community amenities including a pool, spa, fitness center, and park. ? This is a must-see property—schedule your private showing today!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1997
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 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 • 0.4 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 | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,034 | 1,053 | 49% |
| Lot Size | - | - | 50% |
| Price | $252.0K | $172.0K | 83% |
| Price per sq ft | $244 | $196 | 87% |
| Built year | 1997 | 1995 | 57% |
| HOA | $432 | $221 | 91% |
| Days on market | 291 | 570 | 41% |
Pricing History
Listed for Sale
May 20, 2025
$252,000
Initial Listing