5250 S Rainbow Boulevard 2161, Las Vegas, NV 89118, Las Vegas, 89118 - 1 bed, 1 bath
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Las Vegas, NV 89118
This Premium Turnkey Condominium is listed at $206,000, representing a high-quality residential option relative to its $186,491 Fair Market Value. Boasting a Condition Rating of 3, the interior features modern waterproof vinyl flooring, granite countertops, and stainless steel appliances. The property includes a rare oversized one-car attached garage, providing exceptional security and storage. Located in a 24-hour guard-gated community near Spring Valley Hospital and Marion B Earl Elementary, the location offers unparalleled convenience. This home is a perfect fit for healthcare professionals or first-time buyers seeking a secure, move-in-ready lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5250 S Rainbow Boulevard 2161 Subject | $206,000* List Price | 1 | 1 | 744 | $251 | - |
A 5250 S Rainbow Boulevard 2133 Sold | $227,500 List Price | 1 | 1 | 744 | 0.1 mi | |
B 5016 S Rainbow Boulevard 106 Sold | $210,000 List Price | 1 | 1 | 841 | 0.2 mi | |
C 5250 S Rainbow Boulevard 2033 Sold | $235,000 List Price | 1 | 1 | 744 | 0.1 mi | |
D 5250 S RAINBOW Boulevard 2033 Sold | $144,500 List Price | 1 | 1 | 744 | 0.1 mi | |
E 5250 S Rainbow Boulevard 2133 Sold | $215,000 List Price | 1 | 1 | 744 | 0.1 mi | |
F 5250 S Rainbow Boulevard 2138 Active | $198,900 List Price | 1 | 1 | 744 | $267 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features several modern updates that elevate it above its 1997 build year. Key improvements include waterproof vinyl plank flooring, granite countertops, and stainless steel appliances (including a new dishwasher). The interior appears well-maintained with updated light fixtures and travertine in wet areas, though it retains some original elements like the mirrored dining area and 90s-era cabinetry layout.
The unit includes an oversized one-car attached garage, a rare and highly desirable feature for a one-bedroom condominium that provides added security, convenience, and extra storage space.
Residents benefit from a 24-hour guard-gated environment with extensive resort-style amenities including two pools, a fitness center, and a pet park, ensuring a secure and high-quality lifestyle.
Situated just four miles from the Las Vegas Strip and directly across from Spring Valley Hospital, this property offers exceptional convenience for healthcare professionals and those wanting proximity to world-class entertainment.
The monthly HOA fee of $432 is relatively high for a one-bedroom unit, which may impact the overall affordability and monthly carrying costs for budget-conscious buyers.
Being located on the second floor may be a drawback for buyers with mobility concerns or those who prefer the ease of a ground-level entrance.
Perfectly located 1/1 in the 24 hour Guard-Gated community of Spanish Palms. This 2nd floor condo is directly across from the dog park, playground & steps away from the Pool & clubhouse. Clean & Bright, this home also has an oversized 1 CAR ATTACHED GARAGE & features a walk-in closet, White Cabinets stainless steel appliances, New dishwasher, granite countertops in the kitchen, vinyl plank waterproof floors, travertine in the wet areas, mirrored Dining area, Gas Fireplace, Large Lanai and Washed/ Dryer. Conveniently located just 4 miles west of the world famous Las Vegas Strip, across from Spring Valley Hospital & with easy access to both I-15 and I-215 Freeways. The Spanish Palms community offers a clubhouse, fitness center, two sparkling pools, hot tubs, barbeque grills, business center, and a pet park. Live within striking distance of the best shopping, restaurants, coffee shops, & nightlife. Live, work, and play close to all the action. Welcome home to your new Las Vegas paradise!
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 | 1.0 | 2.0 | 29% |
| Baths | 1.0 | 2.0 | 31% |
| Square foot | 744 | 1,034 | 20% |
| Lot Size | 23,308 | - | 94% |
| Price | $206.0K | $184.5K | 65% |
| Price per sq ft | $277 | $205 | 95% |
| Built year | 1997 | 1996 | 52% |
| HOA | $432 | $220 | 91% |
| Days on market | 57 | 986 | 3% |
Feb 24, 2026
$206,000
Initial Listing