5250 S Rainbow Boulevard Unit 2161
- Listed$206,000February 27, 2026
- Price Reduced$200,000−$6,000 · 2.9% off
- TodayActive89 days on market
List date approximated from current days-on-market. Source: GLVAR MLS via Repliers IDX.
AI Summary — The 30-Second Read
- 5250 S Rainbow Boulevard Unit 2161 priced at $200,000 ($269/sqft) in Spanish Palms Condo.
- 1 bedrooms · 1 full + 0 half baths · 744 sqft on 0.5351 acres.
- Residential built in 1997 with 1-car garage.
- HOA $432/mo covers Dog Park, Fitness Center, Gated.
About 5250 S Rainbow Boulevard Unit 2161
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.
Location
Open in Google Maps →Property Details
Community Information
- Address
- 5250 S Rainbow Boulevard Unit 2161, 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
- $1,169
- Association Fee
- $432/mo
- Association Amenities
- Dog Park, Fitness Center, Gated, Barbecue, Pool, Spa/Hot Tub
- Senior Community
- No
Mortgage Calculator
- Principal & Interest: $1,011
- Property Tax: $97
- Insurance: $58
- HOA: $432
California → Nevada Tax Savings
See the breakdown
| California | Nevada | Savings | |
|---|---|---|---|
| State income tax | $15,304 | $0 | $15,304 |
| Property tax (year 1) | $2,200 | $1,100 | $1,100 |
| Year-1 total | $16,404 | ||
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 2161. Attendance-zone data via LiveBy; ratings reflect the most recent GreatSchools/NV state rank.
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.
Source American Census Survey 2023 via LiveBy. Benchmarks Spring Valley aggregate.
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.
Inside the Spanish Palms Condo Market
Spanish Palms Condo sits inside the 89118 ZIP, where the typical active listing is asking $363K and closed sales are pricing down 25.5% over the trailing twelve months. Recent comparable sales have cleared at roughly $251 per square foot, with the median property going under contract in about 43 days. Current absorption sits at 10.4 months of inventory — a buyer's market where negotiating room is typical.
Explore the Spanish Palms Condo Market Report →Recent sold comps in ZIP 89118
12 sold listings in ZIP 89118 from 2025-11-28 to 2026-05-27 — filtered to ±20% sqft of 744 sqft, ±1 bed. Showing the 6 most recent.
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?
HOA fees run $432/month and cover Dog Park, Fitness Center, Gated, Barbecue, Pool, Spa/Hot Tub.
Is this a gated community?
Not according to the listing data. Contact us to confirm.
What schools serve 5250 S Rainbow Boulevard Unit 2161?
Earl Marion B Elementary School (K-5) · West Prep Elementary School (K-5) · Sawyer Grant Middle School (6-8) · College of So NV High School East (9-12) · College of So NV High School South (9-12) · College of So NV High School West (9-12) · Durango High School (9-12) · Northwest Career-Technical Academy High School (9-12)
How long has this property been on the market?
89 days on site as of 2026-05-27.
Is the home in a flood zone?
Most of Las Vegas sits in FEMA Zone X (low-risk). We pull the official FEMA flood map for this address during the offer phase — ask the listing agent for a current report.
What appliances and features are included?
Full appliance list and inclusions are confirmed during the offer and inspection phase.
How is the internet and cell service in this area?
Las Vegas metro has gigabit fiber via Cox + Quantum Fiber in most master plans plus T-Mobile / Verizon / AT&T 5G coverage. We pull the FCC broadband map for this exact address upon request.
Can you provide recent comparable sales?
Yes — we pull a custom comp set within 0.5 miles closed in the last 90 days. Request it via the Schedule a Tour form above or call (702) 637-1759.
Why Work With Us?
Nevada’s most trusted real estate team — backed by the numbers that matter.
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Listing provided courtesy of HomeSmart Encore.
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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