5250 S Rainbow Boulevard 2161, Las Vegas, NV 89118, Las Vegas, 89118 - 1 bed, 1 bath
5250 S Rainbow Boulevard 2161
Las Vegas, NV 89118
Property Price
SUMMARY
Analysis of 5250 S Rainbow Boulevard 2161, Las Vegas, NV 89118 is currently available with a list price of $206,000. 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 significant modern interior updates including granite countertops, stainless steel appliances with a new dishwasher, and waterproof vinyl plank flooring. Although built in 1997, the combination of these recent cosmetic upgrades and well-maintained features like the gas fireplace and travertine tile in wet areas justifies a 'good' rating as it exceeds the standard for its age without being a brand-new construction.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Security
Situated in a 24-hour guard-gated community just 4 miles from the Las Vegas Strip, this property offers both peace of mind and exceptional proximity to major employment hubs, healthcare, and entertainment.
- Rare Attached Garage
Unlike many condominiums, this unit includes an oversized one-car attached garage, providing significant added value for secure parking and extra storage.
- Modern Interior Upgrades
The home features high-quality finishes including granite countertops, stainless steel appliances, waterproof vinyl plank flooring, and a gas fireplace, making it move-in ready.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $432 is relatively high for a one-bedroom unit, which may impact the overall monthly carrying costs for budget-conscious buyers or investors.
- Second-Floor Accessibility
Being located on the second floor may limit appeal for buyers with mobility concerns or those specifically seeking ground-level access.
About 5250 S Rainbow Boulevard 2161
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!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1997
- Lot Size
- 23,308 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 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 • 0.4 mi
Durango High School
Grades 9-12 • 0.4 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 | 1.0 | 2.0 | 34% |
| Square foot | 744 | 1,053 | 24% |
| Lot Size | 23,308 | - | 96% |
| Price | $206.0K | $172.0K | 63% |
| Price per sq ft | $277 | $196 | 96% |
| Built year | 1997 | 1995 | 57% |
| HOA | $432 | $221 | 91% |
| Days on market | 11 | 570 | 1% |
Pricing History
Listed for Sale
Feb 24, 2026
$206,000
Initial Listing