5250 S Rainbow Boulevard 2038, Las Vegas, NV 89118, Las Vegas, 89118 - 1 bed, 1 bath
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Las Vegas, NV 89118
This Modernized Turnkey Condominium is listed at $195,000, offering a stable acquisition price aligned with its $187,418 Fair Market Value. Boasting a Condition Rating of 3, the residence features a newer HVAC system, updated kitchen appliances, and a private balcony with a serene wooded greenbelt view. The inclusion of a private 1-car garage and guard-gated security provides rare utility and storage for a one-bedroom layout. Located near Top-Rated Schools like Marion B Earl Elementary, this property is an ideal match for first-time buyers or downsizers seeking a secure, low-maintenance lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5250 S Rainbow Boulevard 2038 Subject | $195,000* List Price | 1 | 1 | 744 | $252 | - |
A 5250 S RAINBOW Boulevard 2033 Sold | $144,500 List Price | 1 | 1 | 744 | 0.0 mi | |
B 5250 S Rainbow Boulevard 2033 Sold | $235,000 List Price | 1 | 1 | 744 | 0.0 mi | |
C 5250 S Rainbow Boulevard 2033 Sold | $205,000 List Price | 1 | 1 | 744 | 0.0 mi | |
D 5250 S Rainbow Boulevard 2133 Sold | $227,500 List Price | 1 | 1 | 744 | 0.2 mi | |
E 5250 S RAINBOW Boulevard 2156 Sold | $139,900 List Price | 1 | 1 | 744 | 0.2 mi | |
F 5250 S Rainbow Boulevard 2161 Active | $206,000 List Price | 1 | 1 | 744 | $277 | 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. While built in 1997, it features several key updates including a newer HVAC system (2 years old), newer kitchen appliances, and modern interior touches such as a stone-faced fireplace, updated mosaic tile backsplash, and stone tile flooring. The kitchen and bathroom components appear functional and updated beyond original construction standards, though it does not qualify as 'excellent' due to the age of the cabinetry and overall building.
The air conditioning system was replaced only two years ago and the kitchen is equipped with newer appliances, significantly reducing the risk of immediate maintenance costs for a new owner.
Situated in a guard-gated community, this unit includes a private 1-car garage, providing a level of security and storage rarely found in one-bedroom condominium listings.
The association fee covers water, sewer, trash, and exterior maintenance including the roof, offering a truly low-maintenance lifestyle ideal for investors or frequent travelers.
The monthly HOA fee of $462 is relatively high for a one-bedroom unit at this price point, which may impact the overall affordability and monthly cash flow for investors.
At 744 square feet, the compact one-bedroom layout may limit the property's appeal to a smaller demographic of buyers, such as singles or couples without children.
Welcome to easy living in this charming 1-bedroom condo located in a beautifully maintained guard-gated community. This home features an open floorplan that creates a spacious and comfortable flow between the living, dining, and kitchen areas.The kitchen is equipped with newer appliances and the air conditioning system was replaced just two years ago! Step outside to your private balcony, perfect for relaxing with your morning coffee or enjoying the evening breeze.This condo also includes a 1-car garage, providing secure parking and additional storage. Residents enjoy resort-style amenities like a pool/spa, gym, clubhouse, and pet park, all within the safety of the guard-gate. The HOA covers water, sewer, trash, exterior maintenance, roof, and landscaping, allowing you to enjoy a truly low-maintenance lifestyle. Whether you’re a first-time buyer, downsizing, or looking for a great investment opportunity, this condo is it!
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades 6-8 • 0.3 mi
Grades 9-12 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 29% |
| Baths | 1.0 | 2.0 | 31% |
| Square foot | 744 | 1,034 | 20% |
| Lot Size | 23,303 | - | 92% |
| Price | $195.0K | $184.5K | 54% |
| Price per sq ft | $262 | $205 | 91% |
| Built year | 1997 | 1996 | 52% |
| HOA | $462 | $220 | 98% |
| Days on market | 43 | 986 | 2% |
Mar 10, 2026
$195,000
Initial Listing