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  • $250,000

    5250 S Rainbow Blvd Unit 2002, Spring Valley, NV 89118

    2beds
    1,034sqft
    Condominium
    Built in 1997
    -- sqft lot
    $244,500 Zestimate®
    $242/sqft
    $1,596 Estimated rent

    Home value

    $244,500

    $222,000 - $269,000

    $1,596/mo

    Zestimate® history
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    What's special

    Lush mature landscapingRecessed lightingStainless steel appliancesGas fireplaceSpa style guest bathroom
    NEW flooring! Outstanding 2 bedroom/2 bath desirable upper unit in this highly sought after GUARD GATED community with resort style amenities. This lovely unit includes a chef's kitchen with granite countertops and stainless steel appliances. Just some of the custom features include 5" crown molding throughout, recessed lighting, ceiling fans throughout, gas fireplace, spa style guest bathroom, primary bedroom with walk-in closet, energy efficient washer/dryer included AND a brand new $12,000 air conditioner! Community features include resort style clubhouse, 2 pools, dog park, exercise room, putting green and lush mature landscaping throughout. This beautiful unit will not last.

    Zillow last checked:

    Listing updated:

    Listed by:

    Julie A. McDougall BS.0005086 702-703-5969,

    NextHome People First

    Bought with:

    Douglas R. Sawyer, BS.0022614

    ERA Brokers Consolidated

    Source: LVR,MLS#: 2707327MLS LogoOriginating MLS: Greater Las Vegas Association of Realtors Inc

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Primary bedroom
    • Description: Pbr Separate From Other,Upstairs,Walk-In Closet(s)
    • Dimensions: 15x13
    Bedroom 2
    • Description: Closet,Upstairs
    • Dimensions: 11x10
    Dining room
    • Description: Family Room/Dining Combo,Living Room/Dining Combo
    • Dimensions: 10x9
    Kitchen
    • Description: Breakfast Bar/Counter,Marble/Stone Countertops
    Living room
    • Description: Front
    • Dimensions: 20x14
    Heating
    • Central, Gas
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Dryer, Disposal, Gas Range, Microwave, Refrigerator, Washer
    • Laundry: Gas Dryer Hookup, Upper Level
    Features
    • Ceiling Fan(s), Window Treatments
    • Flooring: Carpet, Laminate
    • Windows: Blinds
    • Number of fireplaces: 1
    • Fireplace features: Gas, Great Room
    Interior area
    • Total structure area: 1,034
    • Total interior livable area: 1,034 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Attached, Garage, Garage Door Opener, Guest, Inside Entrance, Private
    • Attached garage spaces: 2
    Features
    • Stories: 2
    • Patio & porch: Balcony
    • Exterior features: Balcony
    • Pool features: Association, Community
    • Fencing: None
    Lot
    • Features: < 1/4 Acre
    Details
    • Parcel number: 16326214008
    • 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
    • Frame, Stucco
    • Roof: Tile
    Condition
    • Average Condition,Resale
    • Year built: 1997

    Utilities & green energy

    • Electric: Photovoltaics None
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available

    Community & neighborhood

    Community
    • Community features: Pool
    Location
    • Region: Spring Valley
    • Subdivision: Spanish Palms Condo

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $432 monthly
    • Amenities included: Clubhouse, Dog Park, Fitness Center, Gated, Pool, Recreation Room, Guard, Spa/Hot Tub
    • Services included: Association Management, Maintenance Grounds, Sewer, Security, Trash, Water
    • Association name: Spanish Palms
    • Association phone: 702-940-7066

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional,FHA,VA Loan

    Price history

    DateEventPrice
    11/18/2025Sold$250,000-1.8%$242/sqft
    Source: LVR #2707327 Report a problem
    10/29/2025Pending sale$254,500$246/sqft
    Source: NextHome #2707327 Report a problem
    10/23/2025Contingent$254,500$246/sqft
    Source: LVR #2707327 Report a problem
    10/12/2025Price change$254,500-0.2%$246/sqft
    Source: LVR #2707327 Report a problem
    9/3/2025Price change$254,900-5.4%$247/sqft
    Source: LVR #2707327 Report a problem
    8/14/2025Price change$269,500-0.1%$261/sqft
    Source: LVR #2707327 Report a problem
    8/5/2025Listed for sale$269,900+92.8%$261/sqft
    Source: LVR #2707327 Report a problem
    4/24/2019Listing removed$1,300$1/sqft
    Source: www.turbotenant.com Report a problem
    4/14/2019Listed for rent$1,300-10.3%$1/sqft
    Source: www.turbotenant.com Report a problem
    7/16/2018Listing removed$1,450$1/sqft
    Source: Owner Report a problem
    6/14/2018Listed for rent$1,450$1/sqft
    Source: Owner Report a problem
    2/23/2016Sold$140,000$135/sqft
    Source: LVR #1590413 Report a problem
    2/6/2016Pending sale$140,000$135/sqft
    Source: Keller Williams - Las Vegas Green Valley #1590413 Report a problem
    2/3/2016Price change$140,000-5.4%$135/sqft
    Source: Keller Williams - Las Vegas Green Valley #1590413 Report a problem
    1/11/2016Price change$148,000-1%$143/sqft
    Source: Keller Williams - Las Vegas Green Valley #1590413 Report a problem
    12/28/2015Price change$149,500-2.3%$145/sqft
    Source: Keller Williams - Las Vegas Green Valley #1590413 Report a problem
    11/24/2015Listed for sale$153,000+65%$148/sqft
    Source: Keller Williams Market Place #1590413 Report a problem
    6/3/2010Sold$92,750-54.5%$90/sqft
    Source: Public Record Report a problem
    9/24/2009Sold$203,747-11.4%$197/sqft
    Source: Public Record Report a problem
    4/24/2006Sold$229,900$222/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026$1,524 +8%$54,704 -1.1%
    2025$1,411 +7.9%$55,309 -0.5%
    2024$1,307 +8%$55,579 +14.5%
    2023$1,211 +8%$48,526 +4.7%
    2022$1,121 +7.7%$46,349 +0.3%
    2021$1,041 +6.8%$46,232 +1.9%
    2020$975 +4.8%$45,360 +20.2%
    2019$930 +6.9%$37,745
    2018$870 $37,745 +1.1%
    2017$870 $37,349 +13.2%
    2016$870 +0.3%$32,999 +2.5%
    2015$867 +3%$32,207 +10.8%
    2014$842 $29,063
    2013-- $29,063 +7.5%
    2012-- $27,042 -7.6%
    2011-- $29,275 -8.6%
    2010-- $32,018 -25.4%
    2009-- $42,911
    2008-- $42,911 -44.4%
    2007-- $77,228 +160.1%
    2006-- $29,688

    Find assessor info on the county website

    Neighborhood: Spring Valley

    Nearby schools

    GreatSchools rating
    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
    $244,500
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $244,500