5250 S Rainbow Boulevard 2058, Las Vegas, NV 89118, Las Vegas, 89118 - 3 bed, 2 bath
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Las Vegas, NV 89118
This Well-Maintained Guard-Gated Condominium is listed at $295,000, offering a stable lifestyle investment in the desirable Spanish Palms community. Boasting a Condition Rating of 4, the home features fresh paint and a rare Attached Two-Car Garage, a high-value asset seldom found in local condominiums. Situated steps from resort-style pools and zoned for the Top-Rated Marion B Earl Elementary, the property combines security with exceptional convenience to the Las Vegas Strip and Harry Reid International Airport. It is a perfect fit for Owner-Occupants or first-time buyers seeking a move-in-ready sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5250 S Rainbow Boulevard 2058 Subject | $289,000* List Price | 3 | 2 | 1,131 | $211 | - |
A 5250 S RAINBOW BL Boulevard 1123 Sold | $269,000 | 3 | 2 | 1,131 | $238 | 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 1004 Sold | $250,000 | 3 | 2 | 1,131 | $221 | 0.1 mi |
D 5250 S RAINBOW Boulevard 2130 Sold | $204,888 List Price | 3 | 2 | 1,131 | 0.1 mi | |
E 5076 S Rainbow Boulevard 106 Sold | $239,950 List Price | 3 | 2 | 1,163 | 0.2 mi | |
F 5250 S Rainbow Boulevard 1123 Sold | $269,000 | 3 | 2 | 1,131 | $238 | 0.1 mi |
G 5250 S Rainbow Boulevard 1040 Active | $249,500 List Price | 2 | 2 | 1,034 | $241 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained and move-in ready with fresh paint, but it retains many original features from its 1997 construction. The bathroom images show dated tile countertops, oak-style cabinetry, and older light fixtures. While the home is functional and clean, it lacks the modern renovations required for a higher score, fitting the criteria for a property over 20 years old with mostly original components.
A rare find for a condominium, the attached two-car garage provides significant added value, security, and convenience compared to the standard carports or detached garages found in similar complexes.
The property is situated in a secure guard-gated community featuring lush landscaping and extensive amenities, including two pools, a fitness center, and a putting green, with the unit itself ideally located adjacent to the clubhouse.
The residence offers exceptional proximity to the Las Vegas Strip, Harry Reid International Airport, and major shopping and dining corridors, making it a highly desirable location for both full-time residents and commuters.
The monthly HOA fee of $432 is relatively high for a unit of this size, which may impact the overall monthly affordability and appeal for budget-conscious buyers.
With 1,131 square feet split across three bedrooms, the individual room dimensions may feel tight, potentially limiting furniture placement and overall spaciousness compared to larger floor plans.
Discover a beautifully maintained and freshly painted 3 BEDROOM condo at Spanish Palms located on South Rainbow Boulevard. Set within a desirable GUARD GATED community this upstairs residence offers peaceful living with mature lush landscaping and tree lined pathways throughout the neighborhood. *Ideally* LOCATED adjacent to the Clubhouse and Pool. The home includes an attached TWO CAR GARAGE with stacked washer and clothes dryer providing everyday comfort and convenience. Residents enjoy access to two sparkling pools a clubhouse fitness center dog park and putting green creating a relaxed resort style setting. Ideally located with quick access to shopping dining entertainment and the world famous Las Vegas Strip as well as Harry Reid International Airport. This inviting home offers a quiet private atmosphere while remaining close to the energy and excitement of the city making it perfect for full time living or enjoying the best of the Las Vegas lifestyle.
No exterior & parking available.
Grades PK-5 • 0.3 mi
Grades 6-8 • 0.4 mi
Grades 9-12 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 74% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,131 | 1,034 | 62% |
| Lot Size | - | - | 50% |
| Price | $289.0K | $184.5K | 97% |
| Price per sq ft | $256 | $205 | 88% |
| Built year | 1997 | 1996 | 52% |
| HOA | $432 | $220 | 91% |
| Days on market | 28 | 986 | 2% |
Apr 21, 2026
$289,000
$295,000
-2% Price Drop
Initial Listing
Mar 25, 2026
$295,000
Initial Listing