5250 South Rainbow Boulevard 1048, Las Vegas, NV 89118, Las Vegas, 89118 - 3 bed, 2 bath
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Las Vegas, NV 89118
This Turnkey Condominium represents a Strong Value Opportunity, listed at $295,000—positioned above the $267,468 Fair Market Value. While priced slightly above the current estimate, the property maintains a Good Condition Rating with significant upgrades, including a Granite Kitchen, Newer A/C, and a rare Attached Two-Car Garage. Located in a guard-gated community with resort-style pools and proximity to top-rated local schools, this unit offers a premium lifestyle. It is an ideal acquisition for Owner-Occupants seeking a move-in ready residence or first-time buyers prioritizing security and convenience.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5250 South Rainbow Boulevard 1048 Subject | $295,000* List Price | 3 | 2 | 1,131 | $236 | - |
A 5250 S Rainbow Boulevard 1004 Sold | $250,000 | 3 | 2 | 1,131 | $221 | 0.1 mi |
B 5250 S Rainbow Boulevard 2126 Sold | $298,000 List Price | 3 | 2 | 1,131 | 0.2 mi | |
C 5250 S RAINBOW BL Boulevard 1004 Sold | $250,000 | 3 | 2 | 1,131 | $221 | 0.1 mi |
D 5038 S Rainbow Boulevard 206 Sold | $240,000 | 3 | 2 | 1,163 | $206 | 0.5 mi |
E 5022 S Rainbow Boulevard 204 Sold | $220,000 | 2 | 2 | 1,091 | $202 | 0.3 mi |
F 5250 S Rainbow Boulevard 1022 Pending | $255,000 List Price | 3 | 2 | 1,131 | $225 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1997, the property exceeds the 20-year mark but qualifies as 'Good' due to significant updates and maintenance. The kitchen features granite countertops and newer stainless steel appliances, and the unit includes a newer A/C system. The interior is move-in ready with updated tile and laminate flooring.
This first-floor unit includes a highly desirable attached two-car garage, a rare and premium feature for Las Vegas condominiums that provides enhanced security and significant additional storage.
The property features a newer A/C unit and garage door opener, alongside modern interior finishes like granite countertops and stainless steel appliances, reducing immediate maintenance costs for the buyer.
Located in the Spanish Palms community, the property offers a high level of security with 24/7 guard-gated access and luxury amenities including multiple pools, a fitness center, and a clubhouse.
The association fee of $448 per month is relatively high for this price point, which may impact the debt-to-income ratio for some buyers and increase the overall monthly carrying cost.
With 1,131 square feet split between three bedrooms, the individual room sizes and common living areas may feel somewhat confined compared to more modern, open-concept layouts.
RESORT STYLE LIVING IN THE GUARD GATED SPANISH PALMS COMMUNITY! Amazing 3 Bedroom Condo**1st Floor**with Desirable Attached 2 Car Garage! Very Well Maintained and Upgraded Unit! Beautiful Laminate and Tile Flooring, Gas Fireplace in Living Room Plus a Separate Dining Room. Kitchen Features Neutral Wood Cabinets, Granite Counter Tops and Newer Stainless Steel Appliances. Primary Bedroom has Ceiling Fan with Walk-in Closet, En Suite Bath with a Vanity and Tub/ Shower. Two Other Bedrooms are Good Sized With Mirrored Closet Doors and a Second Bath. Spectacular Oversized Two Car Garage with a FULL SIZE Washer and Dryer! NEWER A/C UNIT AND GARAGE DOOR OPENER! Beautiful Community with Pools, Fitness Center and Clubhouse. Convenient Central Location Near Shopping, Dining and Just Minutes from the STRIP!
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades 6-8 • 0.3 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 | - | - |
| Price | $295.0K | $217.2K |
| Price per sq ft | $261 | $219 |
| Built year | 1997 | 0 |
| HOA | $448 | $0 |
| Days on market | 29 | 828 |
Jun 23, 2026
$295,000
Initial Listing