5250 S Rainbow Boulevard 2083, Las Vegas, NV 89118, Las Vegas, 89118 - 3 bed, 2 bath
5250 S Rainbow Boulevard 2083
Las Vegas, NV 89118
Property Price
SUMMARY
Analysis of 5250 S Rainbow Boulevard 2083, Las Vegas, NV 89118 is currently available with a list price of $279,900. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 new construction or fully renovated.
Although built in 1997, the property has undergone a complete, high-end renovation within the last year. It features modern luxury vinyl plank flooring, quartz countertops, and high-end stainless steel appliances. Major systems have been addressed with a one-year-old HVAC and newer water heater, and the bathrooms have been fully updated with modern vanities and porcelain tile surrounds, making it a turn-key, like-new unit.
PROSSTRENGTHS & OPPORTUNITIES
- Turn-Key Modern Renovations
The unit has been completely renovated with luxury vinyl plank flooring, quartz countertops, and high-end stainless steel appliances, offering a modern, move-in-ready aesthetic.
- Updated Major Mechanicals
The property features a one-year-old HVAC system and a newer hot water heater, significantly reducing the risk of immediate capital expenditures for the buyer.
- Premium Community Amenities
Located in a guard-gated community, the property provides enhanced security along with access to two pools, a gym, a pet park, and ample guest parking.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
At $448 per month, the association fees are relatively high for this price point, which may impact the debt-to-income ratio and overall affordability for some buyers.
- Compact Three-Bedroom Layout
Fitting three bedrooms into 1,131 square feet results in a higher density floor plan, which may lead to smaller individual bedroom sizes compared to other residential types.
About 5250 S Rainbow Boulevard 2083
PRICED TO SELL FAST! UNIT BEAUTIFULLY & COMPLETELY RENOVATED TURN KEY 3 BED 2 BATH CONDO WITH 2 CAR GARAGE! LOCATED IN POPULAR GUARD GATED SOUTHWEST SPANISH PALMS COMMUNITY! HOA PAYS TRASH, WATER AND SEWER. COMMUNITY WITH 2 COMMUNITY POOLS, GYM, PET PARK & MUCH MORE! ALL STYLISH MODERN UPGRADES WITH LUXURY VINYL PLANK FLOORING & PORCELIN TILE WET AREAS THROUGHOUT. ONE YR OLD HVAC UNIT & NEWER HOT WATER HEATER. GALLEY KITCHEN WITH UPDATED CABINATERY, RECESSED LIGHTING, QUARTZ COUNTERS, HIGH END SS APPLIANCES THAT STAY. DEDICATED DINING AREA & SPACIOUS LIVING ROOM GREAT FOR ENTERTAINING. BATHROOMS WITH UPDATED VANITIES, MODERN GLASS & PORCELIN TILE SURROUNDS. UNIT LOCATED CLOSE TO POPULAR SHOPPING, DINING, ENTERTAINMENT, LAS VEGAS STRIP & AIRPORT. THIS ONE IS READY FOR YOU TO MOVE IN AND ENJOY ITS ELEGANCE FOR THE PERFECT LIFESTYLE! COMMUNITY OFFERS PLENTY OF GUEST PARKING. DO NOT MISS! SCHEDULE YOUR SHOWING TODAY!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1997
- Lot Size
- 23,308 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $448 / 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 • 0.3 mi
Durango High School
Grades 9-12 • 0.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 74% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,131 | 1,070 | 61% |
| Lot Size | 23,308 | - | 96% |
| Price | $279.9K | $172.0K | 95% |
| Price per sq ft | $247 | $196 | 88% |
| Built year | 1997 | 1995 | 57% |
| HOA | $448 | $221 | 99% |
| Days on market | 30 | 570 | 1% |
Pricing History
Listed for Sale
Feb 5, 2026
$279,900
Initial Listing