NICE 2 BED, 2 FULL BATH 1ST FLOOR CONDO IN PRESTIGEOUS SPANISH PALMS, GUARD GATED COMMUNITY. THIS COMMUNITY HAS ALWAYS BEEN ONE OF THE PREMIERE CONDO COMMUNITIES IN LAS VEGAS, SINCE IT WAS BUILT IN 1997. UNIQUE FRONT/BACK CONFIGURATION TO ENTER THE PROPERTY THROUGH 2 CAR ATTACHED GARAGE, OR FROM THE FRONT DOOR, OPPOSITE SIDE. SEWER/TRASH/WATER, ROVING SECURITY & GUARD GATED ARE ALL INCLUDED IN THE HOA FEE. THIS IS A GREAT PROPERTY IF YOU'RE SIZING DOWN, OR JUST WANT TO LIVE IN A SAFE, SECLUDED COMMUNITY, THAT'S ALSO CLOSE TO EVERYTHING.
Active
Price cut: $7.6K (12/10)
$244,888
5250 S Rainbow Blvd UNIT 1155, Spring Valley, NV 89118
2beds
1,034sqft
Est.:
Condominium
Built in 1997
-- sqft lot
$244,100 Zestimate®
$237/sqft
$423/mo HOA
What's special
- 59 days |
- 226 |
- 7 |
Zillow last checked: 8 hours ago
Listing updated: December 10, 2025 at 10:42am
Listed by:
Charles Vongoerken B.0146887 702-336-5522,
J E T Real Estate Group
Source: LVR,MLS#: 2726954
Originating MLS: Greater Las Vegas Association of Realtors Inc
Originating MLS: Greater Las Vegas Association of Realtors IncTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Description: Ceiling Fan,Ceiling Light,Pbr Separate From Other,Walk-In Closet(s)
- Dimensions: 13x12
Bedroom 2
- Description: Ceiling Fan,Ceiling Light,Closet
- Dimensions: 11X11
Primary bathroom
- Description: Tub/Shower Combo
Kitchen
- Description: Breakfast Bar/Counter,Granite Countertops
Heating
- Central, Gas
Cooling
- Central Air, Electric
Appliances
- Included: Dryer, Disposal, Gas Range, Microwave, Refrigerator, Washer
- Laundry: Gas Dryer Hookup, Main Level
Features
- Bedroom on Main Level, Ceiling Fan(s), Primary Downstairs, Window Treatments
- Flooring: Ceramic Tile, Luxury Vinyl Plank, Tile
- Windows: Blinds, Double Pane Windows, Window Treatments
- Number of fireplaces: 1
- Fireplace features: Gas, Great Room
Interior area
- Total structure area: 1,034
- Total interior livable area: 1,034 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Attached, Garage, Garage Door Opener, Inside Entrance, Open, Shelves, Guest
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Features
- Stories: 2
- Patio & porch: Porch
- Exterior features: Porch
- Pool features: Association, Community
- Fencing: Block,Partial
Lot
- Size: 0.54 Acres
- Features: Landscaped, < 1/4 Acre
Details
- Parcel number: 16326214305
- 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
Green energy
- Energy efficient items: Windows
Community & HOA
Community
- Features: Pool
- Security: Gated Community
- Subdivision: Spanish Palms Condo
HOA
- Has HOA: Yes
- Amenities included: Clubhouse, Fitness Center, Gated, Playground, Pool, Guard
- Services included: Maintenance Grounds, Sewer, Security, Taxes, Water
- HOA fee: $423 monthly
- HOA name: SPANISH PALMS
- HOA phone: 702-487-6225
Location
- Region: Spring Valley
Financial & listing details
- Price per square foot: $237/sqft
- Tax assessed value: $157,703
- Annual tax amount: $1,366
- Date on market: 10/12/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,VA Loan
Estimated market value
$244,100
$232,000 - $256,000
$1,504/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/10/2025 | Price change | $244,888-3%$237/sqft |
Source:  LVR #2726954 Report a problem | ||
| 11/10/2025 | Price change | $252,500-0.8%$244/sqft |
Source: LVR #2726954 Report a problem | ||
| 10/31/2025 | Price change | $254,500-1%$246/sqft |
Source: LVR #2726954 Report a problem | ||
| 10/27/2025 | Price change | $256,950-0.8%$249/sqft |
Source: LVR #2726954 Report a problem | ||
| 10/24/2025 | Price change | $258,900-2.3%$250/sqft |
Source: LVR #2726954 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,366 +7.9% | $55,196 -0.5% |
| 2024 | $1,265 +8% | $55,499 +14.5% |
| 2023 | $1,172 +8% | $48,456 +4.7% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,555/mo
Principal & interest
$950
HOA Fees
$423
Other costs
$182
Climate risks
Neighborhood: Spring Valley
Nearby schools
GreatSchools rating
- 5/10Marion B Earl Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 5/10Grant Sawyer Middle SchoolGrades: 6-8Distance: 0.4 mi
- 3/10Durango High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- Elementary: May, Ernest,May, Ernest
- 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.
- Loading
- Loading
