Active under contract

$195,000

5250 S Rainbow Blvd Unit 1086, Spring Valley, NV 89118

1beds

744sqft

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Condominium

Built in 1997

-- sqft lot

$-- Zestimate^®

$262/sqft

$448/mo HOA

What's special

Modern baseboardsLush mature landscapingAbundant treesStainless steel appliancesFreshly painted

Welcome to this beautifully updated first floor condo in the popular Guard-Gated Spanish Palms community! This move-in-ready home has been freshly painted and features NEW Luxury Vinyl Plank flooring, modern baseboards and STAINLESS STEEL appliances. The attached 1-car garage provides added storage and easy access. Spanish Palms is known for its lush mature landscaping, abundant trees and exceptional amenities, including a clubhouse, fitness center, pet park and two community pools. The main pool offers a resort-style setting complete with a stunning waterfall feature, creating the perfect place to relax and unwind. Less than 5 miles away from the new Durango Casino and Resort and ideally located in the heart of Las Vegas near shopping, dining, entertainment and major freeway access, this condo is perfect for a primary residence, second home or investment opportunity. Enjoy low-maintenance living in one of the area's most desirable guard-gated communities!

37 days

78

6

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 1
Full bathrooms: 1

Primary bedroom

Description: Ceiling Fan,Ceiling Light,Closet
Dimensions: 11x12

Primary bedroom

Dimensions: 10x9

Dining room

Description: Living Room/Dining Combo
Dimensions: 9x7

Kitchen

Description: Breakfast Bar/Counter,Granite Countertops,Stainless Steel Appliances
Dimensions: 10x12

Living room

Dimensions: 18x14

Heating

Central, Gas

Cooling

Central Air, Electric

Appliances

Included: Dryer, Disposal, Gas Range, Microwave, Refrigerator, Washer
Laundry: Gas Dryer Hookup, In Garage

Features

Bedroom on Main Level, Ceiling Fan(s), Primary Downstairs, Window Treatments
Flooring: Luxury Vinyl Plank
Windows: Window Treatments
Number of fireplaces: 1
Fireplace features: Gas, Living Room

Interior area

Total structure area: 744
Total interior livable area: 744 sqft

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Property

Parking

Total spaces: 1
Parking features: Attached, Garage, Inside Entrance, Private, Guest
Attached garage spaces: 1

Features

Stories: 2
Patio & porch: Patio
Exterior features: Patio
Pool features: Community
Fencing: None

Lot

Features: Landscaped, < 1/4 Acre

Details

Parcel number: 16326214166
Zoning description: Single Family
Horse amenities: None

Construction

Type & style

Home type: Condo
Architectural style: Two Story
Property subtype: Condominium
Attached to another structure: Yes

Materials

Roof: Tile

Condition

Resale
Year built: 1997

Utilities & green energy

Electric: Photovoltaics None
Sewer: Public Sewer
Water: Public
Utilities for property: Underground Utilities

Community & HOA

Community

Features: Pool
Security: Gated Community
Subdivision: Spanish Palms Condo

HOA

Has HOA: Yes
Amenities included: Clubhouse, Dog Park, Fitness Center, Gated, Barbecue, Playground, Pool, Guard, Spa/Hot Tub
Services included: Association Management, Maintenance Grounds, Recreation Facilities, Sewer, Security, Trash, Water
HOA fee: $448 monthly
HOA name: Spanish Palms
HOA phone: 702-988-0321

Location

Region: Spring Valley

Financial & listing details

Price per square foot: $262/sqft
Tax assessed value: $121,694
Annual tax amount: $842
Date on market: 5/29/2026
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional,FHA,VA Loan

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/16/2026	Contingent	$195,000$262/sqft
Source: LVR #2784780 Report a problem
5/29/2026	Listed for sale	$195,000+1.8%$262/sqft
Source: LVR #2784780 Report a problem
7/27/2021	Sold	$191,500+54.6%$257/sqft
Source: Public Record Report a problem
3/20/2020	Listing removed	$1,050$1/sqft
Source: Northcap Residential Report a problem
3/4/2020	Listed for rent	$1,050+5.5%$1/sqft
Source: Northcap Residential Report a problem
2/13/2018	Listing removed	$995$1/sqft
Source: Northcap Commercial #1961514 Report a problem
2/6/2018	Price change	$995-0.5%$1/sqft
Source: Northcap Commercial #1961514 Report a problem
1/23/2018	Listed for rent	$1,000-4.8%$1/sqft
Source: Northcap Report a problem
7/22/2015	Listing removed	$1,050$1/sqft
Source: Northcap Report a problem
6/18/2015	Listed for rent	$1,050$1/sqft
Source: NorthCap Report a problem
5/20/2015	Sold	$123,900$167/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	$845 +3%	$42,593 -0.7%
2025	$820 +2.9%	$42,876 -1.2%
2024	$797 +3%	$43,387 +18%
2023	$774 +25181%	$36,763 +4.8%
2022	$3 -99.6%	$35,085 0%
2021	$697 +6.8%	$35,086 +1.8%
2020	$653 +4.8%	$34,459 +19.8%
2019	$623 +6.9%	$28,756 0%
2018	$583	$28,757 +1.2%
2017	$583	$28,426 +12.8%
2016	$583 +3.7%	$25,195 +6.4%
2015	$562	$23,669 +27.3%
2014	$562	$18,600
2013	--	$18,600 -9.1%
2012	--	$20,467 -7.6%
2011	--	$22,150 -8.6%
2010	--	$24,241 -25.1%
2009	--	$32,381
2008	--	$32,381 -43.5%
2007	--	$57,265 +139.9%
2006	--	$23,872

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

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