5250 S Rainbow Boulevard 2138, Las Vegas, NV 89118, Las Vegas, 89118 - 1 bed, 2 bath
5250 S Rainbow Boulevard 2138
Las Vegas, NV 89118
Property Price
SUMMARY
Analysis of 5250 S Rainbow Boulevard 2138, Las Vegas, NV 89118 is currently available with a list price of $209,000. 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 features modern interior updates including vinyl plank flooring throughout and stainless steel kitchen appliances. Although built in 1997, the unit has been well-maintained with contemporary finishes that eliminate the need for immediate renovation, fitting the criteria for a well-maintained property with updated components.
PROSSTRENGTHS & OPPORTUNITIES
- Enhanced Privacy & Security
As a corner unit situated within a guard-gated community, this property offers a higher level of privacy and security than standard condominium units.
- Rare Attached Garage
The inclusion of an attached garage with direct interior access is a premium feature for a one-bedroom condo, providing exceptional convenience and additional storage space.
- Modern Interior Finishes
The home features contemporary upgrades including vinyl plank flooring and stainless steel appliances, ensuring the unit is move-in ready with a modern aesthetic.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $457 is relatively high for a 744-square-foot, one-bedroom unit, which may impact the overall monthly affordability for some buyers.
- Compact Living Footprint
With only one bedroom and limited square footage, the property offers restricted flexibility for buyers who may require a dedicated home office or guest space.
About 5250 S Rainbow Boulevard 2138
This beautifully maintained one-bedroom corner-unit condo offers extra privacy and comfort in a guard-gated community. The home features an attached garage with direct access, a kitchen with stainless steel appliances, and vinyl plank flooring throughout. The spacious living room includes a cozy fireplace and private balcony, plus a separate dining area. Enjoy community amenities such as a pool, fitness center, and scenic walking paths perfect for relaxation and recreation.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1997
- Lot Size
- 23,308 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $457 / 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 | 1.0 | 2.0 | 33% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 744 | 1,053 | 24% |
| Lot Size | 23,308 | - | 96% |
| Price | $209.0K | $172.0K | 64% |
| Price per sq ft | $281 | $196 | 96% |
| Built year | 1997 | 1995 | 57% |
| HOA | $457 | $221 | 99% |
| Days on market | 14 | 570 | 1% |
Pricing History
Listed for Sale
Mar 4, 2026
$209,000
$212,000
-1% Price Drop
Initial Listing
Price Change
Feb 21, 2026
$212,000
Initial Listing