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$279,000Price reduced

Reduced from $308,999

5250 S Rainbow Boulevard #1063Las Vegas, NV 89118

  • 3 beds
  • 2 baths
  • 1,131 sq ft
  • 15,903 sq ft lot
  • Built 1997

Listed by Wesley Tool, Realty ONE Group, Inc, 702-898-7575

$247 per sq ft87 days on marketHOA $448/moIDX MLS 2791075

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About this home

Welcome to luxury living in the highly sought-after guard-gated Spanish Palms community! This stunning ground-floor condo has been beautifully renovated from top to bottom, offering the perfect blend of style, comfort, and convenience. Featuring 3 spacious bedrooms and 2 fully updated bathrooms, this move-in-ready home showcases fresh designer paint, new baseboards, luxury vinyl plank flooring, and plush new carpeting throughout.

Read more

The beautifully redesigned kitchen boasts elegant quartz countertops, brand-new stainless-steel appliances, and flows seamlessly into the open-concept living area highlighted by a cozy fireplace—perfect for relaxing or entertaining. Retreat to the spacious primary suite complete with a walk-in closet, ceiling fan, and a beautifully remodeled spa-inspired bathroom featuring custom cabinetry and a walk-in shower. An oversized two-car garage with direct access provides exceptional convenience, while the brand-new washer and dryer are available for negotiation. Ideally located just minutes from the 215 Beltway, shopping, dining, and the airport, this home offers unmatched accessibility. Residents enjoy an impressive collection of resort-style amenities, including sparkling pools, relaxing spas, a fitness center, park, dog park, and beautifully maintained grounds. Added buyer incentive: The seller is offering to pay one full year of HOA dues with an acceptable offer, providing added value and savings from day one. This is more than a home—it's a lifestyle. Don't miss the opportunity to own one of the most desirable residences in Spanish Palms.

How does this home compare?

At $247 a square foot, this home is 4% below the ZIP 89118 median of $256. It is larger than 36% of the 155 homes for sale there.

  • Priced higher than34%
  • Larger than36%
  • Listed longer than72%

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

What has the price done?

Listed 87 days ago at $308,999. The price has come down once, $29,999 in all (10%).

  1. Listed$308,999
  2. Price cut $29,999$279,000

Facts and features

The home

Type
Condominium
Bedrooms
3
Bathrooms
2
Living area
1,131 sq ft
Stories
2
Year built
1997
Primary bedroom
Downstairs
Fireplace
Yes
Solar power
Yes

Inside

Heating
Central, Gas
Cooling
Central Air, Electric
Flooring
Luxury Vinyl Plank
Appliances
Built In Gas Oven, Dishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, and more
Laundry
Gas Dryer Hookup, In Garage
Features
Bathroomon Main Level, Bedroom On Main Level, Ceiling Fans, Full Bath On Main Level, Primary Downstairs, Window Treatments

The lot and outside

Lot
15,903 sq ft
Garage
2 spaces
Private pool
No
Spa
No
Pool
Community
Parking
Attached, Epoxy Flooring, Garage, Inside Entrance, and more
Roof
Tile
Outside
Patio, Sprinkler Irrigation
Facing
East

Costs

Property tax
$1,529 a year
HOA dues
$448 a month
HOA covers
Association Management, Recreation Facilities

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

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

Jeremy DayFive Star Mortgage · NMLS 2819600
Or apply online with Jeremy

Optional. You are free to use any lender.

Tour this home

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Free, no obligation. VIPhomes.Vegas confirms by text.

VIPhomes.VegasReplies the same day
Get pre-approved

Know your number before you tour

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

Jeremy DayFive Star Mortgage · NMLS 2819600
Or apply online with Jeremy

Optional. You are free to use any lender.

Where it is

Where is 5250 S Rainbow Boulevard #1063?

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

Cost of ownership

What would this home cost each month?

At the list price of $279,000 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 $2,165
  • Principal and interest$1,411
  • Property tax$140
  • Home insurance$167
  • HOA dues$448

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

Fine print
  • Listing information from LVR IDX, refreshed October 11, 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.

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