5250 S Rainbow Boulevard 2184, Las Vegas, NV 89118, Las Vegas, 89118 - 3 bed, 2 bath
5250 S Rainbow Boulevard 2184
Las Vegas, NV 89118
Property Price
SUMMARY
Analysis of 5250 S Rainbow Boulevard 2184, Las Vegas, NV 89118 is currently available with a list price of $304,999. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 new construction or fully renovated.
Although built in 1997, the property has undergone an extensive recent renovation within the last 5 years. It features a fully modernized kitchen with quartz countertops, new cabinetry, and stainless steel appliances, along with upgraded bathrooms featuring travertine flooring and contemporary showers. With new carpeting and updated fixtures throughout, the home meets the criteria for a fully renovated property with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Interior Upgrades
The property features a fully renovated kitchen with quartz countertops and stainless steel appliances, alongside upgraded bathrooms with travertine flooring, offering a turnkey, contemporary living space.
- Private 2-Car Garage
A rare find for a condominium, this unit includes a 2-car garage with direct access to the home, providing superior convenience, security, and additional storage capacity.
- Premium Community Security
Situated within the guard-gated Spanish Palms community, the property offers a high level of safety and access to extensive amenities including pools, spas, and a fitness center.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The association fee of $432 per month is relatively high for a unit of this size, which may impact buyer affordability and overall investment returns.
- Second-Floor Accessibility
Being an upstairs unit, the property requires navigating stairs for entry, which may be a drawback for buyers with mobility concerns or those preferring single-level living.
About 5250 S Rainbow Boulevard 2184
Discover the perfect blend of comfort & luxury in this stunning furnished 3-bedroom, 2-bathroom upstairs condominium located in the highly desirable Spanish Palms guard-gated community. Step into the modern kitchen, where you will find elegant quartz countertops, sleek stainless-steel appliances, & stylish new cabinets, making meal prep a delight. Unwind in the inviting living room, featuring a cozy fireplace that sets the stage for relaxing evenings at home. The primary bedroom is a true retreat, complete with a ceiling fan, walk-in closet, & plush new carpeting for added comfort. The ensuite bathroom has been tastefully upgraded with contemporary shower, new cabinetry, & travertine flooring. Enjoy a 2-car garage with direct access to your home. With easy access to the 215 freeway, Harry Reid Airport, & shopping. Take advantage of the fantastic community amenities, which include refreshing pools, relaxing spas, a lovely park, & a fitness room. Furniture will be removed upon request.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1997
- Lot Size
- 15,903 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 • 0.4 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 | 3.0 | 2.0 | 74% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,131 | 1,070 | 61% |
| Lot Size | 15,903 | - | 91% |
| Price | $305.0K | $172.0K | 99% |
| Price per sq ft | $270 | $196 | 96% |
| Built year | 1997 | 1995 | 57% |
| HOA | $432 | $221 | 91% |
| Days on market | 197 | 570 | 26% |
Pricing History
Listed for Sale
Aug 22, 2025
$304,999
Initial Listing