$269,000
SOLD JUN 6, 2025

5250 S Rainbow Blvd Unit 2046 Las Vegas, NV 89118

Spring Valley Neighborhood
2 Beds
2 Baths
1,034 Sq Ft
$432/mo HOA Fee

Recently Sold

$260 Per Sq Ft

4% Below List Price

73 Days on Market

Highlights

  • Fitness Center
  • 0.54 Acre Lot
  • Community Pool
  • Gated Community
  • Clubhouse
  • Balcony

About This Home

As of June 2025

Don’t miss this stunning 2-bed, 2-bath condo in a highly sought-after guard-gated community with 24/7 security. This beautiful home features a spacious layout, a two-car garage, and elegant granite/marble countertops in the kitchen and bathrooms, and custom fireplace. The seller has added extra insulation in the attic for enhanced energy efficiency and installed additional electrical outlets in the garage—perfect for a workshop or extra convenience. Conveniently located near shopping centers, Spring Valley Hospital, top-rated schools, and the new Raiders Stadium—this prime location has it all! Enjoy incredible community amenities, including two sparkling pools, two relaxing spas, a fitness studio, a pet park, and more! Just minutes from the 215 freeway and the Las Vegas Strip. Enjoy incredible community amenities, including two sparkling pools, two relaxing spas, a fitness studio, a pet park, and more! Just minutes from the 215 freeway and the Las Vegas Strip. This is a Must See!

Last Agent to Sell the Property

Brad Wolfe

LIFE Realty District Brokerage Phone: (702) 308-0813 License #B.0146682 Listed on: 03/25/2025

LIFE Realty District

Last Buyer's Agent

Jessica An

Elite Realty License #S.0177134

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,100

Year Built

  • Built in 1997

Lot Details

  • West Facing Home
  • Block Wall Fence
  • Property is in good condition

HOA Fees

  • $432 Monthly HOA Fees

Parking

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

Home Design

  • Tile Roof

Interior Spaces

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

Kitchen

  • Gas Range
  • Microwave
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Outdoor Features

  • Balcony

Schools

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

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Underground Utilities

Community Details

Overview

  • Association fees include management, ground maintenance, security
  • Spanish Palm HOA, Phone Number (702) 988-0321
  • Spanish Palms Condo Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

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

Security

  • Security Guard
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,100

Year Built

Built in 1997

Lot Details

0

HOA Fees

$432 per month

Parking

2

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.5351
  • Subdivision Name: Spanish Palms Condo
  • Directions: From Tropicana and Rainbow head south, entrance will be on your left. Guard will provide directions/ map of property.
  • 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) 308-0813
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1997

Interior Features

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

Exterior Features

  • Fencing: Block, None
  • Lot Features: < 1/4 Acre
  • Pool Features: Community
  • Pool Private: No
  • Disclosures: Covenants/Restrictions Disclosure
  • Direction Faces: West
  • Exterior Features: Balcony
  • Patio And Porch Features: Balcony
  • Property Condition: Good Condition, Resale
  • Roof: Tile

Garage/Parking

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

Utilities

  • Laundry Features: Electric Dryer Hookup, Laundry Closet
  • Security: Gated Community
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes
  • Electric: Photovoltaics None
  • Sewer: Public Sewer
  • Utilities: Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Pool
  • Senior Community: No
  • Amenities: Clubhouse, Dog Park, Fitness Center, Gated, Barbecue, Playground, Park, Pool, Guard, Spa/Hot Tub
  • Association Fee: 432.0
  • Association Fee Frequency: Monthly
  • Association Name: Spanish Palm HOA
  • Phone: 702-988-0321
  • Association: Yes

Fee Information

  • Association Fee Includes: Association Management, Maintenance Grounds, Security

Schools

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

Lot Info

  • Horse Amenities: None
  • Lot Size Sq Ft: 23308.0
  • Additional Parcels Description: ---
  • Zoning Description: Multi-Family

Tax Info

  • Tax Annual Amount: 1100.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2025
Closed on
May 30, 2025
Sold by
Lutke Samuel H
Bought by
Lee Doo Sik
Seller's Agent
Brad Wolfe
LIFE Realty District
Buyer's Agent
Jessica An
Elite Realty
List Price
$279,000
Sold Price
$269,000
Premium/Discount to List
-$10,000
-3.58%
Views
41

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.13%

Purchase Details

Listed on
Dec 22, 2017
Closed on
Apr 13, 2018
Sold by
Feneche Avi
Bought by
Lutke Samuel H
Seller's Agent
Nadia Bernard
Executive Realty Services
Buyer's Agent
Amanda Irving
Irving Realty
List Price
$200,000
Sold Price
$200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.24%
Original Mortgage
$200,000
Interest Rate
4.46%
Mortgage Type
VA

Purchase Details

Listed on
Jul 9, 2017
Closed on
Sep 6, 2017
Sold by
Us Bank National Association
Bought by
Feneche Avi
Seller's Agent
Andrew Sawyer
North American Realty of NV
Buyer's Agent
Ida Saltzer
Nationwide Realty LLC
List Price
$178,500
Sold Price
$155,400
Premium/Discount to List
-$23,100
-12.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
55.68%

Purchase Details

Closed on
Apr 8, 2015
Sold by
T D Service Co
Bought by
U S Bank Na

Purchase Details

Closed on
May 24, 2006
Sold by
The Reserve Development Llc
Bought by
Einhorn Arthur and Einhorn Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,520
Interest Rate
8%
Mortgage Type
Negative Amortization
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $269,000 Wfg National Title
Bargain Sale Deed $200,000 First American Title Ndts
Bargain Sale Deed $155,400 First American Title Ndts R
Trustee Deed $215,587 None Available
Bargain Sale Deed $241,900 Land Title Of Nevada
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $197,447 VA
Previous Owner $194,415 VA
Previous Owner $200,000 VA
Previous Owner $24,190 Credit Line Revolving
Previous Owner $193,520 Negative Amortization
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2025 06/06/25 Sold $269,000 -2.1% $260 / Sq Ft
04/03/2025 04/03/25 Price Changed $274,900 -1.5% $266 / Sq Ft
03/25/2025 03/25/25 For Sale $279,000 +39.5% $270 / Sq Ft
04/23/2018 04/23/18 Sold $200,000 0.0% $193 / Sq Ft
03/24/2018 03/24/18 Pending -- -- --
12/22/2017 12/22/17 For Sale $200,000 +28.7% $193 / Sq Ft
09/26/2017 09/26/17 Sold $155,400 -12.9% $150 / Sq Ft
08/27/2017 08/27/17 Pending -- -- --
07/09/2017 07/09/17 For Sale $178,500 -- $173 / Sq Ft
Source: Las Vegas REALTORS®

Tax History Compared to Growth

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 $1,100 $54,704 $23,800 $30,904
2024 $1,069 $54,704 $23,800 $30,904
2023 $1,069 $55,579 $26,950 $28,629
2022 $1,038 $48,526 $22,050 $26,476
2021 $1,008 $46,349 $20,650 $25,699
2020 $975 $46,232 $20,650 $25,582
2019 $947 $45,360 $19,950 $25,410
2018 $919 $37,745 $12,950 $24,795
2017 $1,095 $37,349 $11,900 $25,449
2016 $872 $32,999 $7,350 $25,649
2015 $869 $32,207 $6,650 $25,557
2014 $842 $29,063 $7,000 $22,063
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 2668140

Las Vegas REALTORS®

APN: 163-26-214-096