5250 S Rainbow Boulevard 2093, Las Vegas, NV 89118, Las Vegas, 89118 - 3 bed, 2 bath
5250 S Rainbow Boulevard 2093
Las Vegas, NV 89118
Property Price
SUMMARY
Analysis of 5250 S Rainbow Boulevard 2093, Las Vegas, NV 89118 is currently available with a list price of $279,000. 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 shows evidence of updates that exceed its 1997 original construction, specifically the inclusion of granite countertops in the kitchen. The open floor plan, gas fireplace, and well-maintained resort-style community amenities suggest the home has been updated or meticulously maintained within the last 5 to 15 years. While the building age is 27 years, the interior condition and features like the walk-in closet and private garage align with 'Good' criteria for being functional and aesthetically pleasing without requiring immediate renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Resort-Style Amenities
The Spanish Palms community offers an extensive amenity package including a pool, fitness studio, pet park, and putting green, providing a high-end lifestyle experience.
- Strategic Location
The property is ideally positioned for convenience, offering quick access to the 215 freeway and sitting within a half-mile of elementary, middle, and high schools.
- Functional Storage & Layout
This unit features a rare combination of a private garage with extra storage, a spacious walk-in closet, and an open floor plan that maximizes its 1,131 square feet.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $432 is relatively high for this price point, which may impact the overall affordability and monthly carrying costs for budget-conscious buyers.
- Property Age
Built in 1997, the unit may require updates to major mechanical systems or cosmetic refreshments to align with modern design standards and compete with newer inventory.
About 5250 S Rainbow Boulevard 2093
Spanish Palms is your private retreat, offering relaxed desert resort living with the convenience of city life just minutes away. This beautiful 3 bed, 2 bath home features an open floor plan, a spacious kitchen with granite countertops, a gas fireplace, a large walk-in closet, a private balcony, and a garage with extra storage. The community offers resort-style amenities including a pool, grills, clubhouse, fitness studio, pet park, putting green, and more. Conveniently located just minutes from the 215 freeway. *Some photos have been virtually staged.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1997
- Lot Size
- 15,640 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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 • 0.3 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 | 15,640 | - | 91% |
| Price | $279.0K | $172.0K | 95% |
| Price per sq ft | $247 | $196 | 88% |
| Built year | 1997 | 1995 | 57% |
| HOA | $432 | $221 | 91% |
| Days on market | 51 | 570 | 1% |
Pricing History
Listed for Sale
Jan 15, 2026
$279,000
Initial Listing