
Las Vegas, NV 89118
This 3-Bedroom Condominium represents a High-Potential Investment Opportunity, listed at $324,900—positioned well above the $278,882 Fair Market Value by -16%. While the price reflects a premium, the property offers a Condition Rating of 4, featuring a functional layout and access to a sparkling community pool. Situated within walking distance of Marion B Earl Elementary and Durango High School, the location provides significant utility. This asset is best suited for Buy-and-Hold Investors or Owner-Occupants seeking a well-located residence with long-term growth potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5250 South Rainbow Boulevard 1010 Subject | $324,900* List Price | 3 | 2 | 1,131 | $247 | - |
A 5250 S Rainbow Boulevard 1040 Sold | $235,000 | 2 | 2 | 1,034 | $227 | 0.1 mi |
B 5250 S Rainbow Boulevard 1022 Sold | $250,000 | 3 | 2 | 1,131 | $221 | 0.1 mi |
C 5250 South Rainbow Boulevard 2058 Active | $267,500 List Price | 3 | 2 | 1,131 | $237 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1997, the property is approximately 27-29 years old. While it features updated laminate flooring and appears well-maintained, the kitchen cabinets and countertops are dated and appear to be original builder-grade. Given the age, systems like HVAC and electric are likely nearing the end of their typical lifespan, and the interior requires minor cosmetic updates to be considered modern.
The property is ideally situated within walking distance (less than 0.5 miles) of elementary, middle, and high schools, offering significant convenience for families with children.
Featuring three full bedrooms and two bathrooms within 1,131 square feet, this unit provides a rare and versatile floor plan that maximizes space for residents or home office needs.
Located on South Rainbow Boulevard, the residence offers excellent access to local attractions, shopping, and dining, perfectly balancing residential tranquility with urban vibrancy.
The association fee of $377 per month is a substantial recurring cost that may impact the overall affordability and debt-to-income ratio for potential buyers.
Built in 1997, the property may require updates to its original fixtures, appliances, or mechanical systems to remain competitive with newer condominium developments in the area.
Discover a vibrant lifestyle in this charming condo, perfectly situated for convenience and leisure in Las Vegas. This residence offers a unique blend of comfort and accessibility, making it an ideal choice for those seeking a dynamic living experience. The thoughtfully designed layout provides a sense of space and privacy for its occupants. Enjoy the ease of modern living within a community that caters to an active lifestyle. Step inside to a welcoming atmosphere where practical features enhance daily living. The interior boasts refreshing features, ensuring comfort throughout the year, complemented by big beautiful windows that offer both privacy and light control. With three well-appointed bedrooms and two full bathrooms, this home is designed to accommodate diverse needs. The living area encompasses 1131 square feet, offering ample room for relaxation and entertaining. Embrace the quintessential Las Vegas outdoor experience with access to a sparkling community pool, providing a perfect escape for recreation and unwinding under the sun. This inviting amenity adds an exceptional dimension to the property, fostering a resort-like ambiance right at home. The surrounding neighborhood places residents within easy reach of local attractions and everyday essentials, ensuring a balanced and fulfilling lifestyle. This condo represents an outstanding opportunity to reside in a desirable location, combining residential tranquility with urban vibrancy.
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades 6-8 • 0.4 mi
Grades 9-12 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,131 | - |
| Lot Size | 23,309 | - |
| Price | $324.9K | $217.2K |
| Price per sq ft | $287 | $219 |
| Built year | 1997 | 0 |
| HOA | $377 | $0 |
| Days on market | 4 | 828 |
Jul 22, 2026
$324,900
Initial Listing