5250 South Rainbow Boulevard 2093, Las Vegas, NV 89118, Las Vegas, 89118 - 3 bed, 2 bath
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Las Vegas, NV 89118
This 3-Bedroom Condominium represents a Strong Value Opportunity, listed at $252,000—positioned well below the $263,598 Fair Market Value by 4%. This valuation gap offers $11,598 in Instant Equity for the buyer. Featuring a Good Condition Rating, the unit includes a Granite Kitchen and an open floor plan. Residents enjoy resort-style amenities like a Pool and Fitness Studio. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready home near the 215 freeway.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5250 South Rainbow Boulevard 2093 Subject | $252,000* List Price | 3 | 2 | 1,131 | $233 | - |
A 5250 S Rainbow Boulevard 1022 Sold | $250,000 | 3 | 2 | 1,131 | $221 | 0.1 mi |
B 5250 S Rainbow Boulevard 1004 Sold | $250,000 | 3 | 2 | 1,131 | $221 | 0.1 mi |
C 5250 S Rainbow Boulevard 1040 Sold | $235,000 | 2 | 2 | 1,034 | $227 | 0.1 mi |
D 5250 South Rainbow Boulevard 1165 Sold | $272,000 | 2 | 2 | 1,034 | $263 | 0.1 mi |
E 5000 Red Rock Street 241 Sold | $250,000 | 3 | 2 | 1,439 | $174 | 1.0 mi |
F 5250 S Rainbow Boulevard 2101 Sold | $200,000 | 1 | 1 | 744 | $269 | 0.0 mi |
G 5250 S RAINBOW BL Boulevard 1004 Sold | $250,000 | 3 | 2 | 1,131 | $221 | 0.1 mi |
H 5250 S Rainbow Boulevard 2038 Sold | $195,000 | 1 | 1 | 744 | $262 | 0.1 mi |
I 5250 South RAINBOW Boulevard 2105 Active | $275,000 List Price | 2 | 2 | 1,034 | $266 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1997 (27 years old), the property qualifies as 'Good' due to clear evidence of maintenance and partial renovations. The interior features updated luxury vinyl plank flooring, granite countertops, and stainless steel appliances. While the cabinetry is dated, the unit is functional and move-in ready.
The Spanish Palms community offers an extensive array of amenities including a pool, fitness studio, pet park, and putting green, providing a high-value lifestyle experience for residents.
This unit features a desirable 3-bedroom configuration with an open floor plan, granite countertops, and a private garage with extra storage, offering superior utility compared to standard 1 or 2-bedroom condos.
Strategically located near the 215 freeway, the property provides excellent connectivity to the Las Vegas Strip and surrounding city life while maintaining a quiet, retreat-like atmosphere.
At $475 per month, the association fee is relatively high for the $252,000 price point, which may impact the overall monthly affordability and debt-to-income ratio for potential buyers.
The assigned public schools for this address have modest ratings ranging from 4 to 5 out of 10, which could be a drawback for families prioritizing top-tier educational districts.
Spanish Palms is your private retreat, offering relaxed desert resort living with the convenience of city life just minutes away. This beautiful 3 bed, 2 bath home features an open floor plan, a spacious kitchen with granite countertops, a gas fireplace, a large walk-in closet, a private balcony, and a garage with extra storage. The community offers resort-style amenities including a pool, grills, clubhouse, fitness studio, pet park, putting green, and more. Conveniently located just minutes from the 215 freeway. *Some photos have been virtually staged
No exterior & parking available.
Grades PK-5 • 0.3 mi
Grades 6-8 • 0.3 mi
Grades 9-12 • 0.5 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 | 15,640 | - |
| Price | $252.0K | $217.2K |
| Price per sq ft | $223 | $219 |
| Built year | 1997 | 0 |
| HOA | $475 | $0 |
| Days on market | 16 | 828 |
Jul 6, 2026
$252,000
Initial Listing