5250 South Rainbow Boulevard 2118, Las Vegas, NV 89118, Las Vegas, 89118 - 3 bed, 2 bath
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Las Vegas, NV 89118
This Turnkey Condominium is a Strong Value Opportunity, listed at $314,900—positioned well above the $276,608 Fair Market Value by 13%. While priced above market, the property features a Condition Rating of 3, offering a move-in ready interior with laminate floors and stainless steel appliances. Residents enjoy a Private 2-Car Attached Garage and resort-style amenities, including six pools and a gym. Located near Marion B. Earl Elementary, this home is an ideal fit for first-time buyers or owner-occupants seeking a low-maintenance lifestyle in a secure, guard-gated community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5250 South Rainbow Boulevard 2118 Subject | $314,900* List Price | 3 | 2 | 1,131 | $245 | - |
A 5250 S Rainbow Boulevard 1004 Sold | $250,000 | 3 | 2 | 1,131 | $221 | 0.2 mi |
B 5250 S RAINBOW BL Boulevard 1004 Sold | $250,000 | 3 | 2 | 1,131 | $221 | 0.2 mi |
C 5038 S Rainbow Boulevard 206 Sold | $240,000 | 3 | 2 | 1,163 | $206 | 0.3 mi |
D 5201 S Torrey Pines Drive 1181 Sold | $360,000 | 2 | 3 | 1,467 | $245 | 0.2 mi |
E 5250 S Rainbow Boulevard 1132 Pending | $249,000 List Price | 2 | 2 | 1,034 | $241 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the property was built in 1997 (27 years old), it has been updated with laminate flooring, fresh paint, and stainless steel appliances. The interior appears well-maintained, functional, and move-in ready, exceeding the 'Fair' category which typically requires minor repairs or updates.
A rare find for condominiums, this unit includes a private two-car attached garage, offering significantly more security, convenience, and storage than standard carports.
Located in a guard-gated community, residents have access to premium resort-style facilities including six swimming pools, a fitness center, and tennis courts.
The property is move-in ready featuring modern laminate flooring, stainless steel appliances, and fresh paint, reducing immediate post-purchase renovation costs.
The association fee of $377 per month is relatively high, which may impact the debt-to-income ratio for financing and overall monthly affordability.
At 1,131 square feet, the three-bedroom configuration may result in smaller individual bedroom sizes and limited living area compared to more spacious floor plans.
3 BEDROOM UPSTAIRS CONDO IN THE SOUTHWEST! stainless steel appliances. Laminate floors, blinds, and paint throughout the unit! Washer and Dryer included. 2 car ATTACHED garage. Guard Gated community with 6 community pools, Gym, and tennis courts. Trash and water included in the HOA. Private 2 car attached garage. Plenty of guest parking.
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades 6-8 • 0.4 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 | 15,897 | - |
| Price | $314.9K | $217.2K |
| Price per sq ft | $278 | $219 |
| Built year | 1997 | 0 |
| HOA | $377 | $0 |
| Days on market | 22 | 828 |
Jun 30, 2026
$314,900
Initial Listing