5250 S Rainbow Boulevard 2118, Las Vegas, NV 89118, Las Vegas, 89118 - 3 bed, 2 bath
5250 S Rainbow Boulevard 2118
Las Vegas, NV 89118
Property Price
SUMMARY
Analysis of 5250 S Rainbow Boulevard 2118, Las Vegas, NV 89118 is currently available with a list price of $314,900. 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 move-in ready and features several recent cosmetic updates, including new laminate flooring, fresh paint, and stainless steel appliances. While the structure was built in 1997 (placing it in the 25-30 year age range), the interior has been well-maintained and updated to meet modern buyer preferences, avoiding the 'outdated' feel typical of the 'fair' category. The kitchen and living areas appear clean and functional with no immediate repairs required.
PROSSTRENGTHS & OPPORTUNITIES
- Rare Attached Garage
The property includes a private 2-car attached garage, a highly desirable and rare feature for a condominium that provides significant added value and security.
- Resort-Style Amenities
Located in a guard-gated community, residents have access to premium amenities including six community pools, a gym, and tennis courts.
- Modern Interior Finishes
The unit is move-in ready with updated laminate flooring, stainless steel appliances, and fresh paint throughout, appealing to modern buyer preferences.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The association fee of $377 per month is relatively high, which may impact the monthly carrying costs and overall affordability for budget-conscious buyers.
- Compact Three-Bedroom Layout
With 1,131 square feet split across three bedrooms, the individual room sizes and living areas may feel somewhat confined compared to other units in this price range.
About 5250 S Rainbow Boulevard 2118
3 BEDROOM UPSTAIRS CONDO IN THE SOUTHWEST! stainless steel appliances. Laminate floors, blinds, and paint throughout the unit! Washer and Dryer included. 2 car ATTACHED garage. Guard Gated community with 6 community pools, Gym, and tennis courts. Trash and water included in the HOA. Private 2 car attached garage. Plenty of guest parking.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1997
- Lot Size
- 15,897 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $377 / Month
Neighborhood Insights
Las Vegas Unified Schools
Marion B Earl Elementary School
Grades PK-5 • 0.2 mi
Grant Sawyer Middle School
Grades 6-8 • 0.4 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 | 15,897 | - | 91% |
| Price | $314.9K | $172.0K | 99% |
| Price per sq ft | $278 | $196 | 96% |
| Built year | 1997 | 1995 | 57% |
| HOA | $377 | $221 | 88% |
| Days on market | 54 | 570 | 1% |
Pricing History
Listed for Sale
Jan 12, 2026
$314,900
Initial Listing