$200,000Price reduced

Reduced from $206,000

5250 S Rainbow Boulevard #2161Las Vegas, NV 89118

1 beds
1 baths
744 sq ft
0.54 acres lot
Built 1997

Listed by Brandon Walker, HomeSmart Encore, 702-579-3300

$269 per sq ft89 days on marketHOA $432/moIDX MLS 2758973

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About this home

Perfectly located 1/1 in the 24 hour Guard-Gated community of Spanish Palms. This 2nd floor condo is directly across from the dog park, playground & steps away from the Pool & clubhouse. Clean & Bright, this home also has an oversized 1 CAR ATTACHED GARAGE & features a walk-in closet, White Cabinets stainless steel appliances, New dishwasher, granite countertops in the kitchen, vinyl plank waterproof floors, travertine in the wet areas, mirrored Dining area, Gas Fireplace, Large Lanai and Washed/ Dryer.

Conveniently located just 4 miles west of the world famous Las Vegas Strip, across from Spring Valley Hospital & with easy access to both I-15 and I-215 Freeways. The Spanish Palms community offers a clubhouse, fitness center, two sparkling pools, hot tubs, barbeque grills, business center, and a pet park. Live within striking distance of the best shopping, restaurants, coffee shops, & nightlife. Live, work, and play close to all the action. Welcome home to your new Las Vegas paradise!

How does this home compare?

At $269 a square foot, this home is 5% above the ZIP 89118 median of $256. It is larger than 4% of the 155 homes for sale there.

Priced higher than8%
Larger than4%
Listed longer than74%

Compared with the 155 homes for sale in ZIP 89118 today, from the MLS listings on this site.

What has the price done?

Listed 89 days ago at $206,000. The price has come down once, $6,000 in all (3%).

Feb 24Listed$206,000
May 26Price cut $6,000$200,000

Facts and features

The home

Type: Condominium
Bedrooms: 1
Bathrooms: 1
Living area: 744 sq ft
Stories: 2
Year built: 1997
Fireplace: Yes
Solar power: Yes

Inside

Heating: Central, Gas
Cooling: Central Air, Electric
Flooring: Luxury Vinyl Plank, Tile
Appliances: Dryer, Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, and more
Laundry: Gas Dryer Hookup, Upper Level
Features: Window Treatments, Programmable Thermostat

The lot and outside

Lot: 0.54 acres
Garage: 1 spaces
Private pool: No
Spa: No
Pool: Community
Parking: Attached, Garage, Open, Private, and more
Roof: Tile
Outside: Balcony
Facing: West

Costs

Property tax: $1,169 a year
HOA dues: $432 a month
HOA covers: Association Management, Maintenance Grounds, Recreation Facilities, Sewer, Security, Trash, and more

The community

Neighborhood: Spanish Palms Condo
Gated: Yes

Schools

Elementary: Earl, Marion B.
Middle: Sawyer Grant
High: Durango

As the listing names them. Schools are assigned by address and can change from year to year. Confirm with CCSD

Get pre-approved

Know your number before you tour

Sellers take offers with a pre-approval more seriously. Chris Casiello at Five Star Mortgage can usually pre-approve you within a day.

Chris CasielloFive Star Mortgage · NMLS 1401517

Or apply online with Chris

Optional. You are free to use any lender.

Tour this home

Pick a time to see it

Free, no obligation. Vegas confirms by text.

Vegas Paradise HomesReplies the same day

Call Text

Get pre-approved

Know your number before you tour

Sellers take offers with a pre-approval more seriously. Chris Casiello at Five Star Mortgage can usually pre-approve you within a day.

Chris CasielloFive Star Mortgage · NMLS 1401517

Or apply online with Chris

Optional. You are free to use any lender.

Where it is

Where is 5250 S Rainbow Boulevard #2161?

In Spanish Palms Condo, Las Vegas. The prices on the map are 6 similar homes for sale nearby.

Directions

Cost of ownership

What would this home cost each month?

At the list price of $200,000 with 20 percent down, here is an estimate of the monthly payment, including taxes, insurance, and HOA dues. Change any number to fit your budget.

Estimated monthly payment $1,710

Principal and interest$1,011
Property tax$100
Home insurance$167
HOA dues$432

Illustrative only. Your lender, the county assessor, and your insurer set the real numbers. Not a loan offer from Vegas Paradise Homes.

Fine print

Listing information from LVR IDX, refreshed October 10, 2026. Deemed reliable but not guaranteed. Square footage and lot size are from the listing and may not be exact.
The payment estimate is illustrative. Your lender, the county assessor, and your insurer set the real numbers.