$254,500
UNDER CONTRACT $15K PRICE DROP

5250 S Rainbow Blvd Unit 2002 Las Vegas, NV 89118

Estimated payment $1,889/month

Total Views 3,666
2 Beds
2 Baths
1,034 Sq Ft
$246 Price per Sq Ft

Highlights

  • Fitness Center
  • Clubhouse
  • Community Pool
  • Gated Community
  • Great Room
  • Balcony

About This Home

NEW flooring! Outstanding 2 bedroom/2 bath desirable upper unit in this highly sought after GUARD GATED community with resort style amenities. This lovely unit includes a chef's kitchen with granite countertops and stainless steel appliances. Just some of the custom features include 5" crown molding throughout, recessed lighting, ceiling fans throughout, gas fireplace, spa style guest bathroom, primary bedroom with walk-in closet, energy efficient washer/dryer included AND a brand new $12,000 air conditioner! Community features include resort style clubhouse, 2 pools, dog park, exercise room, putting green and lush mature landscaping throughout. This beautiful unit will not last.

Listing Agent

julie mcdougall

NextHome People First Brokerage Phone: 702-703-5969 License #BS.0005086 Listed on: 08/04/2025

NextHome People First

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,411

Year Built

  • Built in 1997

HOA Fees

  • $432 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Inside Entrance
  • Garage Door Opener
  • Guest Parking

Home Design

  • Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 1,034 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Blinds
  • Great Room

Kitchen

  • Gas Range
  • Microwave
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Schools

  • Earl Elementary School
  • Sawyer Grant Middle School
  • Durango High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Cable TV Available

Additional Features

  • Balcony
  • South Facing Home

Community Details

Overview

  • Association fees include management, ground maintenance, sewer, security, trash, water
  • Spanish Palms Association, Phone Number (702) 940-7066
  • Spanish Palms Condo Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • Clubhouse
  • Recreation Room

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa
  • Dog Park

Security

  • Security Guard
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,411

Year Built

Built in 1997

Lot Details

0

HOA Fees

$432 per month

Parking

2

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: Spanish Palms Condo
  • Directions: FROM TROPICANA AND RAINBOW GO SOUTH ON RAINBOW, LEFT INTO SPANISH PALMS COMMUNITY TO THE GUARD GATE. GUARD WILL DIRECT YOU FROM THERE.
  • Architectural Style: Two Story
  • Carport Y N: No
  • Garage Yn: Yes
  • Property Attached Yn: Yes
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1997
  • Property Sub Type Additional: Condominium
  • Attribution Contact: 702-703-5969
  • Special Features: 4224
  • Stories: 2
  • Year Built: 1997

Interior Features

  • Furnished: Unfurnished
  • Private Spa: No
  • Appliances: Dryer, Disposal, Gas Range, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas, Great Room
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Laminate
  • Interior Amenities: Ceiling Fan(s), Window Treatments
  • Living Area: 1034.0
  • Window Features: Blinds

Exterior Features

  • Fencing: None
  • Lot Features: < 1/4 Acre
  • Pool Features: Association, Community
  • Pool Private: No
  • Disclosures: Covenants/Restrictions Disclosure, RV Restriction(s)
  • Construction Type: Frame, Stucco
  • Direction Faces: South
  • Exterior Features: Balcony
  • Patio And Porch Features: Balcony
  • Property Condition: Resale
  • Roof: Tile

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage, Garage Door Opener, Guest, Inside Entrance, Private

Utilities

  • Laundry Features: Gas Dryer Hookup, Upper Level
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes
  • Electric: Photovoltaics None
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Pool
  • Senior Community: No
  • Amenities: Clubhouse, Dog Park, Fitness Center, Gated, Pool, Recreation Room, Guard, Spa/Hot Tub
  • Association Fee: 432.0
  • Association Fee Frequency: Monthly
  • Association Name: Spanish Palms
  • Phone: 702-940-7066
  • Association: Yes

Fee Information

  • Association Fee Includes: Association Management, Maintenance Grounds, Sewer, Security, Trash, Water

Schools

  • Elementary School: Earl, Marion B.,Earl, Marion B.
  • High School: Durango
  • Middle Or Junior School: Sawyer Grant

Lot Info

  • Horse Amenities: None
  • Additional Parcels Description: ---
  • Zoning Description: Single Family

Tax Info

  • Tax Annual Amount: 1411.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,411 $54,704 $23,800 $30,904
2024 $1,307 $54,704 $23,800 $30,904
2023 $870 $55,579 $26,950 $28,629
2022 $1,211 $48,526 $22,050 $26,476
2021 $1,121 $46,349 $20,650 $25,699
2020 $1,038 $46,232 $20,650 $25,582
2019 $973 $45,360 $19,950 $25,410
2018 $928 $37,745 $12,950 $24,795
2017 $1,095 $37,349 $11,900 $25,449
2016 $870 $32,999 $7,350 $25,649
2015 $867 $32,207 $6,650 $25,557
2014 $842 $29,063 $7,000 $22,063
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/12/2025 10/12/25 Price Changed $254,500 -0.2% $246 / Sq Ft
09/03/2025 09/03/25 Price Changed $254,900 -5.4% $247 / Sq Ft
08/14/2025 08/14/25 Price Changed $269,500 -0.1% $261 / Sq Ft
08/04/2025 08/04/25 For Sale $269,900 +92.8% $261 / Sq Ft
02/23/2016 02/23/16 Sold $140,000 -8.5% $135 / Sq Ft View Prior Sale
01/24/2016 01/24/16 Pending -- -- --
11/23/2015 11/23/15 For Sale $153,000 -- $148 / Sq Ft
Source: Las Vegas REALTORS®

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $140,000 First American Title Insura
Bargain Sale Deed $92,750 Stewart Title Las Vegas War
Trustee Deed $203,747 First American National Defa
Bargain Sale Deed $229,900 Land Title Of Nevada
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $146,000 Purchase Money Mortgage
Previous Owner $183,920 New Conventional
Source: Public Records

Source: Las Vegas REALTORS®

MLS Number: 2707327

Las Vegas REALTORS®

APN: 163-26-214-008

Nevada Clark County Las Vegas 89118

5250 S Rainbow Blvd Unit 2002, Las Vegas, NV

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Las Vegas REALTORS® The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. Information is deemed reliable but not guaranteed. Copyright 2025 of the Greater Las Vegas Association of REALTORS® MLS. All rights reserved.

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Listing Agent
julie mcdougall
Section Image
NextHome People First
(725) 234-2834