Calling all investors! Looking for a highly sought-after Spanish Palms guard-gated community condominium? Do not miss this deal of a lifetime. This first-floor, 3-bedroom, 2-bathroom, with an attached, direct entrance two-car garage, needs repairs but has great potential for anyone with hindsight. Open, flowing floor plan. The property was subject to a flood prior to the owner securing possession. It appears the prior owner had the property professionally cleaned. Prime location, near the strip, schools, shopping, and entertainment. HOA offers so many amenities. Do not let this deal get away.
Closed
$195,000
5250 S Rainbow Blvd Unit 1180, Las Vegas, NV 89118
3beds
1,131sqft
Condominium
Built in 1997
-- sqft lot
$193,700 Zestimate®
$172/sqft
$1,673 Estimated rent
Home value
$193,700
$176,000 - $213,000
$1,673/mo
Zestimate® history
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$1,336/mo
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Open flowing floor plan
Zillow last checked:
Listing updated:
Listed by:
Charles S. Santoro BS.0046200 (619)796-1051,
Signature Real Estate Group
Bought with:
Cameron Winer, S.0192136
Principle Realty Advisors
Source: LVR,MLS#: 2730664
Originating MLS: Greater Las Vegas Association of Realtors Inc
Originating MLS: Greater Las Vegas Association of Realtors IncFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Description: Walk-In Closet(s)
- Dimensions: 12x13
Bedroom 2
- Description: Closet
- Dimensions: 10x10
Bedroom 3
- Description: Closet
- Dimensions: 10x10
Primary bathroom
- Description: Tub/Shower Combo
Kitchen
- Description: Tile Flooring
Living room
- Description: Entry Foyer
- Dimensions: 13x8
Heating
- Central, Gas
Cooling
- Central Air, Electric
Appliances
- Laundry: Gas Dryer Hookup, In Garage
Features
- Bedroom on Main Level, Ceiling Fan(s), Primary Downstairs
- Flooring: Concrete, Tile
- Windows: Low-Emissivity Windows
- Number of fireplaces: 1
- Fireplace features: Gas, Living Room
Interior area
- Total structure area: 1,131
- Total interior livable area: 1,131 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached, Garage, Garage Door Opener, Inside Entrance, Private, Guest
- Attached garage spaces: 2
Features
- Stories: 2
- Patio & porch: Patio
- Exterior features: Patio, Sprinkler/Irrigation
- Pool features: Community
- Fencing: None
Lot
- Features: Desert Landscaping, Sprinklers In Rear, Sprinklers In Front, Landscaped, Sprinklers Timer, < 1/4 Acre
Details
- Parcel number: 16326214358
- Zoning description: Multi-Family
- Special conditions: Real Estate Owned
- Horse amenities: None
Construction
Type & style
- Home type: Condo
- Architectural style: Two Story
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Frame, Stucco, Drywall
- Roof: Tile
Condition
- Average Condition,Resale,Fixer
- Year built: 1997
Utilities & green energy
- Electric: Photovoltaics None
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Underground Utilities
Green energy
- Energy efficient items: Windows
Community & HOA
Community
- Features: Pool
- Security: Gated Community
- Subdivision: Spanish Palms Condo
HOA
- Has HOA: Yes
- Amenities included: Dog Park, Fitness Center, Golf Course, Gated, Barbecue, Pool, Guard, Spa/Hot Tub
- Services included: Association Management, Maintenance Grounds, Recreation Facilities, Sewer, Security, Taxes, Water
- HOA fee: $432 monthly
- HOA name: Spanish Palms
- HOA phone: 702-988-0321
Location
- Region: Las Vegas
Financial & listing details
- Price per square foot: $172/sqft
- Tax assessed value: $171,460
- Annual tax amount: $1,539
- Date on market: 10/27/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,VA Loan
- Ownership: Condominium
Price history
| Date | Event | Price |
|---|---|---|
| 12/5/2025 | Sold | $195,000-32.2%$172/sqft |
Source:  LVR #2730664 Report a problem | ||
| 6/27/2025 | Sold | $287,673+1269.9%$254/sqft |
Source: Public Record Report a problem | ||
| 3/20/2023 | Sold | $21,000-92.3%$19/sqft |
Source: Public Record Report a problem | ||
| 1/9/2007 | Sold | $271,490$240/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $1,662 +8% | $60,011 -1% |
| 2025 | $1,539 +8% | $60,597 -0.6% |
| 2024 | $1,425 +8% | $60,985 +12.2% |
| 2023 | $1,320 +8% | $54,347 +6.9% |
| 2022 | $1,222 +7.7% | $50,852 +0.3% |
| 2021 | $1,135 +6.8% | $50,677 +1.9% |
| 2020 | $1,063 +4.8% | $49,731 +20.2% |
| 2019 | $1,014 +6.9% | $41,357 |
| 2018 | $949 | $41,357 +1.2% |
| 2017 | $949 | $40,885 +13.2% |
| 2016 | $949 +3.3% | $36,113 +2.5% |
| 2015 | $918 | $35,223 +11.1% |
| 2014 | $918 | $31,706 |
| 2013 | -- | $31,706 +7.5% |
| 2012 | -- | $29,490 -7.6% |
| 2011 | -- | $31,917 -8.5% |
| 2010 | -- | $34,898 -25.6% |
| 2009 | -- | $46,889 |
| 2008 | -- | $46,889 -40.9% |
| 2007 | -- | $79,361 +149.6% |
| 2006 | -- | $31,792 |
Find assessor info on the county website
Neighborhood: Spring Valley
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Nearby schools
GreatSchools rating
- 7/10Marion B Earl Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 5/10Grant Sawyer Middle SchoolGrades: 6-8Distance: 0.5 mi
- 3/10Durango High SchoolGrades: 9-12Distance: 0.5 mi
Schools provided by the listing agent
- Elementary: Earl, Marion B.,Earl, Marion B.
- Middle: Sawyer Grant
- High: Durango
Source: LVR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$193,700
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$193,700
- Nevada
- Clark County
- Las Vegas
- 89118
- Spring Valley
- 5250 S Rainbow Blvd Unit 1180
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