5250 S Rainbow Boulevard 2032, Las Vegas, NV 89118, Las Vegas, 89118 - 2 bed, 2 bath
5250 S Rainbow Boulevard 2032
Las Vegas, NV 89118
Property Price
SUMMARY
Analysis of 5250 S Rainbow Boulevard 2032, Las Vegas, NV 89118 is currently available with a list price of $289,900. 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 in move-in ready condition with significant recent interior updates, most notably the brand-new ceramic tile flooring throughout. Although built in 1997, the unit has been modernized to eliminate the need for immediate renovation. The kitchen and bathrooms appear updated and well-maintained, and the inclusion of a rare 2-car garage adds to the overall quality and appeal of the listing.
PROSSTRENGTHS & OPPORTUNITIES
- Rare 2-Car Garage
Unlike most condominiums in this price range, this unit includes a rare 2-car garage, providing significant added value for secure parking and extra storage.
- Guard-Gated Security
Located in the desirable Spanish Palms community, the property offers 24/7 guard-gated security and a resort-style atmosphere with lush, tropical landscaping.
- Modern Interior Upgrades
The home features brand-new ceramic tile flooring throughout, offering a fresh, move-in-ready aesthetic that reduces immediate maintenance costs for the buyer.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $423 is relatively high for a 1,034-square-foot condo, which may impact buyer affordability and overall monthly carrying costs.
- Second-Floor Location
Being situated on the second floor may limit appeal for buyers with mobility concerns or those specifically seeking the convenience of ground-level access.
About 5250 S Rainbow Boulevard 2032
Welcome to your dream retreat in the heart of Spanish Palms, a coveted guard-gated community that feels like a lush, tropical getaway. This beautifully updated 2-bedroom 2nd floor condo features brand-new ceramic tile floors throughout, a private balcony perfect for relaxing or entertaining, and a rare 2-car garage for added convenience and storage. Surrounded by swaying palm trees and manicured greenery, the community exudes a resort-like atmosphere, offering a serene escape while being conveniently located near shopping, dining, and entertainment. This condo is more than a home; it’s a lifestyle waiting for you to enjoy.
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
- $423 / 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 | 15,903 | - | 91% |
| Price | $289.9K | $172.0K | 97% |
| Price per sq ft | $280 | $196 | 96% |
| Built year | 1997 | 1995 | 57% |
| HOA | $423 | $221 | 91% |
| Days on market | 15 | 570 | 1% |
Pricing History
Listed for Sale
Feb 20, 2026
$289,900
Initial Listing