$225,000
5018 S Rainbow Boulevard Unit 202
1 bd · 1 ba · 841 sqft
5250 S Rainbow Boulevard Unit 1075$229,900
NEW
Active
$229,900Est. Value: Activating
5250 S Rainbow Boulevard Unit 1075
Las Vegas NV 89118 • Spanish Palms Condo • Clark County
Est. $1,162/moGet pre-qualified
BEDS
1
Bed
BATHS
1
Bath
SQ FT
744
Sq Ft
YEAR BUILT
1997
Year Built
GARAGE
1
Garage Spaces
ACRES
0.54
Acres
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About 5250 S Rainbow Boulevard Unit 1075
This Beautiful yet cozy 1 bed 1 bath downstairs condo with attached 1 car garage is tucked away in the guard gated Resort Style Spanish Palms Community. This corner unit has upgraded flooring and a private balcony. Community amenities include 2 stunning pools, a clubhouse, a guard gate, a fitness center, and a putting Green. This community is so conveniently located too, just minutes away from the fabulous Las Vegas Strip and Allegiant Stadium. Close proximity to hospitals, shopping, restaurants, 215 Beltway, and Entertainment!
Location
Open in Google Maps →Property Details
Community Information
- Address
- 5250 S Rainbow Boulevard Unit 1075, Las Vegas, NV 89118
- Neighborhood
- Spanish Palms Condo
- County
- Clark
- City
- Las Vegas
- Subdivision
- Spanish Palms Condo
- Zip Code
- 89118
School Information
- Elementary
- Earl Marion B Elementary School (K-5) · 0 mi
- Elementary
- West Prep Elementary School (K-5) · 0 mi
- Middle
- Sawyer Grant Middle School (6-8) · 0 mi
- High
- College of So NV High School East (9-12) · 0 mi
- High
- College of So NV High School South (9-12) · 0 mi
- High
- College of So NV High School West (9-12) · 0 mi
- High
- Durango High School (9-12) · 0 mi
- High
- Northwest Career-Technical Academy High School (9-12) · 0 mi
Architecture
- Bedrooms
- 1
- Bathrooms
- 1 full
- Year Built
- 1997
- Garage Spaces
- 1
Features / Amenities
- Heating
- Natural Gas, Central
Property Features
- Lot Size
- 0.535 sqft (0.5351 ac)
- Sewer
- Public Sewer
Tax & Financial
- Tax Annual Amount
- $918
- Association Fee
- $432/mo
- Association Amenities
- Clubhouse, Fitness Center, Gated, Barbecue, Playground, Pool
- Senior Community
- No
Property History
Every MLS record for this address — sales, leases, and prior listing attempts. GLVAR records back to 2013.
- June 2026Listed$308,999
- June 2026Listed$1,800/mo
- June 2026Listed$179,900
- June 2026Listed$1,550/mo
- June 2026Listed$269,999
- May 2026Under contract$195,000
- May 2026Listed$1,550/mo
- May 2026Listed$259,900
- May 2026Listed$260,000
- May 2026Listed$270,000
Mortgage Calculator
Estimated Monthly Payment
$1,738
- Principal & Interest: $1,162
- Property Tax: $77
- Insurance: $67
- HOA: $432
Relocation Math
California → Nevada Tax Savings
Year-One Savings
$16,569
10-Year Cumulative
$189,945
See the breakdown
| California | Nevada | Savings | |
|---|---|---|---|
| State income tax | $15,304 | $0 | $15,304 |
| Property tax (year 1) | $2,529 | $1,264 | $1,265 |
| Year-1 total | $16,569 | ||
Estimate only. CA income tax uses 2026 inflation-adjusted brackets and the standard deduction; property tax assumes 1.10% CA effective rate (Prop 13 + assessments) and 0.55% Clark County effective rate. 10-year projection compounds the tax base at 3% per year. Consult a CPA before making relocation decisions.
Schools
View all schools →8 schools currently zoned to serve 5250 S Rainbow Boulevard Unit 1075. Attendance-zone data via LiveBy; ratings reflect the most recent GreatSchools/NV state rank.
4/10
Earl Marion B Elementary School
Elementary · Grades K-5
Clark County School District (CCSD)
4/10
West Prep Elementary School
Elementary · Grades K-5
Clark County School District (CCSD)
4/10
Sawyer Grant Middle School
Middle · Grades 6-8
Clark County School District (CCSD)
8/10
College of So NV High School East
High · Grades 9-12
Clark County School District (CCSD)
10/10
College of So NV High School South
High · Grades 9-12
Clark County School District (CCSD)
10/10
College of So NV High School West
High · Grades 9-12
Clark County School District (CCSD)
4/10
Durango High School
High · Grades 9-12
Clark County School District (CCSD)
10/10
Northwest Career-Technical Academy High School
High · Grades 9-12
Clark County School District (CCSD)
The Neighborhood
Who lives in Spring Valley
An exclusive snapshot benchmarked against Spring Valley
Spring Valley tracks the metro average for age, with a median of 39, with 25% of households raising children. Owner-occupancy sits at 50%, in line with the county average, and median household income ($72K) tracks the county. 30% of adults hold a bachelor's degree, in line with the county.
Population
219,913
vs Spring Valley aggregate
Median HH Income
$72,364
vs Spring Valley $72K
Median Age
39
vs Spring Valley 39
Median Home Value
$407,900
vs Spring Valley $408K
Owner-Occupied
50%
vs Spring Valley 50%
Bachelor's+
30%
vs Spring Valley 30%
Has Children
25%
vs Spring Valley 25%
Avg HH Size
2.5
vs Spring Valley 2.5
Annual Turnover
44%
vs Spring Valley 44%
Density / sq mi
6,194
vs Spring Valley 6,194/sq mi
Age mix in Spring Valley
Children (0–17)
19%
Young Adults (18–24)
8%
Working Age (25–64)
57%
65 +
16%
How Spring Valley gets to work
Commute Time
Under 15 min
20%
15 – 29 min
52%
30 – 59 min
25%
60+ min
3%
Transportation Mode
Drove alone
73%
Worked from home / other
15%
Carpooled
9%
Public transit
2%
Walked
1%
Source American Census Survey 2023 via LiveBy. Benchmarks Spring Valley aggregate.
Your Match
Is Spring Valley right for you?
Set your stage and income and we’ll score this neighborhood’s ACS demographics against your fit. Settings save to your browser and follow you to every listing.
Pick a stage or income above to see your personalized fit score for Spring Valley.
The LVHSE Market Authority
Inside the Spanish Palms Condo Market
Spanish Palms Condo sits inside the 89118 ZIP, where the typical active listing is asking $371K and closed sales are pricing down 16.1% over the trailing twelve months. Recent comparable sales have cleared at roughly $249 per square foot, with the median property going under contract in about 42 days. Current absorption sits at 8.8 months of inventory — a buyer's market where negotiating room is typical.
Explore the Spanish Palms Condo Market Report →Median Price
$371K
↓ 16.1% YoY
Avg DOM
42 days
$ / Sqft
$249
Inventory
8.8 mo
060708091011120102030405
5317 Silver Branch
$390,000
$226/sqft · 6d
5024 Rainbow
$193,500
$204/sqft · 6d
6650 Warm Springs
$220,000
$235/sqft · 144d
Comparable Sales
Recent sold comps in ZIP 89118
$224/sqft median
11 sold listings in ZIP 89118 from 2025-12-19 to 2026-06-17 — filtered to ±20% sqft of 744 sqft, ±1 bed. Showing the 6 most recent.
AddressSoldBedsSqftPrice$/sqft
5010 Rainbow Boulevard #203, Las Vegas2026-05-041841$179,000$213
5055 Hacienda Avenue #2043, Las Vegas2026-04-202893$220,000$246
5055 Hacienda Avenue #2019, Las Vegas2026-04-011755$152,000$201
5055 Hacienda Avenue #2104, Las Vegas2026-03-112893$200,000$224
5054 Rainbow Boulevard #104, Las Vegas2026-04-221841$140,100$167
5018 Rainbow Boulevard #202, Las Vegas2026-04-131841$212,000$252
Selling instead? Run your own home through the same comp engine in 30 seconds.
Get my home’s value →Sold-price data via Repliers IDX (live GLVAR MLS feed, refreshed hourly). Comparable sales are filtered by ZIP, bedroom count, and square footage range — not by lot, view, condition, upgrades, or HOA. Information deemed reliable but not guaranteed.
Similar Listings
View all →
Frequently Asked Questions
What are the HOA fees and what do they cover?
The HOA at 5250 S Rainbow Boulevard Unit 1075 is $432/month, covering Clubhouse, Fitness Center, Gated, Barbecue, Playground, Pool.
What schools serve 5250 S Rainbow Boulevard Unit 1075?
5250 S Rainbow Boulevard Unit 1075 is zoned for Earl Marion B Elementary School (K-5, GreatSchools 4/10); West Prep Elementary School (K-5, GreatSchools 4/10); Sawyer Grant Middle School (6-8, GreatSchools 4/10); College of So NV High School East (9-12, GreatSchools 8/10); College of So NV High School South (9-12, GreatSchools 10/10); College of So NV High School West (9-12, GreatSchools 10/10); Durango High School (9-12, GreatSchools 4/10); Northwest Career-Technical Academy High School (9-12, GreatSchools 10/10). Clark County School District boundaries can change year to year — confirm current zoning before you write an offer.
What is the price per square foot?
5250 S Rainbow Boulevard Unit 1075 is priced at about $309 per square foot — $229,900 for 744 sq ft.
What is the estimated monthly payment?
Estimated principal & interest on 5250 S Rainbow Boulevard Unit 1075 runs about $1,162/month, based on 20% down on the $229,900 list price and a 30-year fixed at 6.5%. Property taxes, insurance, and the $432/mo HOA are additional — use the mortgage calculator on this page to model your own rate and down payment.
Has the price been reduced?
5250 S Rainbow Boulevard Unit 1075 is listed at $229,900 with no price reductions on record since it came to market 5 days ago.
How long has 5250 S Rainbow Boulevard Unit 1075 been on the market?
5250 S Rainbow Boulevard Unit 1075 has been on the market 5 days as of 2025-10-07.
What are recent comparable sales near 5250 S Rainbow Boulevard Unit 1075?
Comparable nearby properties include 5018 S Rainbow Boulevard Unit 202 ($225,000, 1 bd / 841 sq ft); 7413 W Russell Road Unit 107 ($249,900, 1 bd / 784 sq ft); 260 E Flamingo Road Unit 336 ($229,000, 1 bd / 692 sq ft). For a full closed-comp set within 0.5 miles from the last 90 days, call (702) 637-1759.
Is this a gated community?
5250 S Rainbow Boulevard Unit 1075 is not flagged as being inside a gated community in the listing data. Call (702) 637-1759 and we'll confirm the access details.
Is 5250 S Rainbow Boulevard Unit 1075 in a flood zone?
Most of the Las Vegas valley sits in FEMA Zone X (low-risk), and we do not show a high-risk flood designation on file for 5250 S Rainbow Boulevard Unit 1075. We pull the official FEMA flood map for this exact address before you write an offer — call (702) 637-1759 for the current determination.
What appliances and features are included?
The full appliance and inclusions list for 5250 S Rainbow Boulevard Unit 1075 is confirmed during the offer and inspection phase — call (702) 637-1759 for current details.
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Subdivision: Spanish Palms Condo · MLS #2725360 · Las Vegas, NV 89118 · Updated 2025-10-07
Listing provided courtesy of ADG Realty.
Information deemed reliable but not guaranteed. 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® (GLVAR). Listings are courtesy of various agents and brokerages participating in the program. All listing data is updated by Repliers and may not reflect all real estate activity in the market.
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