5250 S Rainbow Blvd Unit 2003, Spring Valley, NV, 89118
About This Home
Elegant fully furnished upper-level condo located in the highly sought-after guard-gated Spanish Palms community. This beautifully remodeled 3-bed, 2-bath home is ideally situated near the community entrance and just steps from the clubhouse, pool fitness center, and resort-style amenities. The interior features luxury vinyl flooring, premium travertine tile, granite countertops, a gas fireplace, private balcony, in-unit laundry, and an attached epoxy-coated 2-car garage. The open and functional layout offers comfort and convenience, making it ideal as a primary residence or second home. The unit is being sold "move in ready", fully furnished with lightly used KitchenAid stainless steel appliances, DeLonghi espresso machine, TVs, furniture, décor, high-end bedding, towels, kitchen essentials, and additional electric appliances included. HOA dues include water, sewer, and trash. Conveniently located near the 215 freeway, shopping, dining, entertainment, and the Strip.
Getting Around
Somewhat Walkable
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1997
Materials
- Roof: Tile
Type & Style
- Home type: Condo
- Architectural style: Two Story
- Property subType: Condominium
Interior
Appliances
- Appliances included: Dryer,Disposal,Gas Range,Refrigerator,Washer
- Laundry features: Gas Dryer Hookup,Upper Level
Bedroom2
- Dimensions: 12x10
Bedroom3
- Dimensions: 11x10
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Dining Room
- Dimensions: 10x9
Features
- Window Treatments
- Window features: Plantation Shutters
- Flooring: Carpet,Ceramic Tile,Luxury Vinyl Plank
- Number of fireplaces: 1
- Fireplace features: Gas,Living Room
- Fireplace: Yes
Heating & Cooling
- Heating features: Central,Gas
- Cooling features: Central Air,Electric
Interior Area
- Total structure area: 1,131
- Total interior livable area: 1,131 sqft
Master Bedroom
- Dimensions: 15x14
Property
Details
- Parcel number: 16326214009
- Attached to another structure: Yes
- Zoning description: Single Family
- Horse amenities: None
Features
- Stories: 2
- Pool features: Community
- Patio & porch: Balcony
- Exterior features: Balcony
- Fencing: None
Lot
- Lot size: 0.54 Acres
- Features: Landscaped,< 1/4 Acre
Parking
- Total spaces: 1
- Parking features: Inside Entrance,Open
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Earthquake
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters Across Nevada Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,388 | $16,656 |
| Home Insurance | $64 | $768 |
| Property Taxes | $437 | $5,244 |
| Electricity | $192 | $2,306 |
| Total | $2,081 | $24,972 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-13 | Price change | $279,000 |
| 2026-04-03 | Price change | $283,900 |
| 2026-02-20 | Price change | $293,000 |
| 2026-02-09 | Listed for sale | $299,800 |
| 2026-01-29 | Pending sale | $299,800 |
| 2026-01-16 | Listing removed | $299,800 |
| 2025-10-29 | Price change | $299,800 |
| 2025-10-01 | Price change | $319,800 |
| 2025-09-15 | Listed for sale | $329,800 |
| 2008-07-17 | Sold | $148,000 |
| 2006-04-12 | Sold | $259,900 |
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