5250 South Rainbow Boulevard 1025, Las Vegas, NV 89118, Las Vegas, 89118 - 2 bed, 2 bath
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Las Vegas, NV 89118
This Renovated Turnkey Condominium is a Strong Value Opportunity, listed at $220,000—positioned well below the $236,644 Fair Market Value by 7%. This valuation gap provides $16,644 in Instant Equity for the incoming buyer. Boasting a Condition Rating of 2, the interior features modern shaker cabinetry, luxury flooring, and a custom fireplace. The rare Private 2-Car Garage and guard-gated amenities near Marion B Earl Elementary offer a premium lifestyle minutes from the Strip. This move-in-ready asset is ideal for Owner-Occupants seeking value or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5250 South Rainbow Boulevard 1025 Subject | $226,000* List Price | 2 | 2 | 1,034 | $219 | - |
A 5250 South Rainbow Boulevard 1165 Sold | $272,000 | 2 | 2 | 1,034 | $263 | 0.1 mi |
B 5250 S Rainbow Boulevard 1022 Sold | $250,000 | 3 | 2 | 1,131 | $221 | 0.0 mi |
C 5250 S Rainbow Boulevard 1181 Sold | $290,000 | 3 | 2 | 1,131 | $256 | 0.1 mi |
D 5250 S Rainbow Boulevard 2038 Sold | $195,000 | 1 | 1 | 744 | $262 | 0.0 mi |
E 5038 S Rainbow Boulevard 206 Sold | $240,000 | 3 | 2 | 1,163 | $206 | 0.5 mi |
F 5250 S Rainbow Boulevard 2101 Sold | $200,000 | 1 | 1 | 744 | $269 | 0.1 mi |
G 5250 South Rainbow Boulevard 2003 Active | $274,500 List Price | 3 | 2 | 1,131 | $243 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1997, the property has undergone extensive recent renovations that align with current market standards. The interior features modern wood-look luxury vinyl or laminate flooring throughout, updated white shaker-style kitchen cabinetry with contemporary hardware, and fresh neutral paint. The unit appears to be in pristine, move-in ready condition with updated fixtures and no visible signs of deferred maintenance.
The property is ideally situated with easy access to the 215 Beltway and the Las Vegas Strip, placing it minutes away from major dining, shopping, and entertainment hubs.
Located within a guard-gated complex, residents benefit from enhanced security and premium facilities including a pool, fitness center, and two community parks.
The inclusion of a private 2-car garage is a significant competitive advantage for a condominium, providing rare additional storage and secure parking.
As a short sale listing, the transaction is subject to third-party lender approval, which often leads to prolonged closing timelines and unpredictable final terms.
The association fee of $448 per month is relatively high for this price point, which may impact the debt-to-income ratio for prospective buyers.
Well kept single level condo, 2 bedrooms, 2 full baths, 2 car garage, with a fireplace and balcony area. Close to restaurants, shops, easy 215 Beltway access, close to the Las Vegas Strip. The condo complex features a pool, fitness center, 2 parks and a it's guard gated. This is a short sale listing. Final terms, pricing and conditions to be set by sellers loan servicer.
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades 6-8 • 0.4 mi
Grades 9-12 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,034 | - |
| Lot Size | 15,900 | - |
| Price | $226.0K | $217.2K |
| Price per sq ft | $219 | $219 |
| Built year | 1997 | 0 |
| HOA | $448 | $0 |
| Days on market | 156 | 828 |
Jul 15, 2026
$226,000
$241,000
-6% Price Drop
Initial Listing
Jun 23, 2026
$241,000
$245,000
-2% Price Drop
Initial Listing
Jun 5, 2026
$245,000
$236,000
+4% Price Increase
Initial Listing
May 12, 2026
$236,000
$220,000
+7% Price Increase
Initial Listing
Feb 16, 2026
$220,000
Initial Listing