$239,800New this week

5042 S Rainbow Boulevard #101Las Vegas, NV 89118

3 beds
2 baths
1,163 sq ft
Built 1987

Listed by Nancy Chen, LIFE Realty District, 702-475-3200

$206 per sq ft0 days on marketHOA $225/moIDX MLS 2819607

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About this home

Welcome to this lovely first-floor condo in a great location near Spanish Trails, just minutes from the Las Vegas Strip, restaurants, shopping centers, hospitals, and the 215 freeway. This spacious 3 bedroom/2 bathroom /2 balcony, near the community pool, offers an open and functional floor plan with a generous living room featuring fireplace, dining area, and kitchen with breakfast bar. Enjoy two spacious private covered balconies, accessible from the primary bedroom and living room.

The gated community offers excellent amenities, including multiple swimming pools/spa, fitness center, tennis courts, clubhouse, and more. An ideal location for comfortable living and easy access to everything Las Vegas has to offer.

How does this home compare?

At $206 a square foot, this home is 19% below the ZIP 89118 median of $256. It is larger than 41% of the 155 homes for sale there.

Priced higher than19%
Larger than41%
Listed longer than0%

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

Facts and features

The home

Type: Condominium
Bedrooms: 3
Bathrooms: 2
Living area: 1,163 sq ft
Stories: 2
Year built: 1987
Primary bedroom: Downstairs
Fireplace: Yes
Solar power: Yes

Inside

Heating: Central, Gas
Cooling: Central Air, Electric
Flooring: Laminate, Tile
Appliances: Dishwasher, Disposal, Gas Range, Microwave, Refrigerator
Laundry: Gas Dryer Hookup, Laundry Closet, Main Level
Features: Bathroomon Main Level, Bedroom On Main Level, Primary Downstairs, Window Treatments

The lot and outside

Lot: 0 sq ft
Private pool: No
Spa: No
Pool: Community
Parking: Assigned, Covered, Detached Carport, Guest
Roof: Tile
Outside: Balcony
Facing: North

Costs

Property tax: $906 a year
HOA dues: $225 a month
HOA covers: Association Management, Recreation Facilities

The community

Neighborhood: Trails Amd
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 5042 S Rainbow Boulevard #101?

In Trails Amd, 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 $239,800 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 $1,724

Principal and interest$1,213
Property tax$120
Home insurance$167
HOA dues$225

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.