Back 1011/5250 S Rainbow Blvd
Off Market

1011/5250 S Rainbow Blvd

Spring Valley NV 89118

2
2
2
1034 sq. ft.
Condo
Last sold for $260,000
John KennedyJohn Kennedy, last sold this property on 31 July 2026 after 63 days on market.

Overview

Spanish Palms is a guard-gated, resort-style community offering relaxed desert living with city convenience minutes away. This property features attached 2 car garage, a spacious 1,034 floorplan covered with upgraded flooring, 2-beds (primary) with ceiling fan and walk in closet, 2-baths (primary) walk-in shower, open design with gas fireplace for the living and dinning comb, while the kitchen features granite countertops, stainless steel appliances. Private patio, and extra garage storage. Residents enjoy two sparkling pools, outdoor grills, a clubhouse, fitness studio, putting green, pet park, shaded walkways, and landscaped common areas. The community’s design emphasizes comfort, low-maintenance desert landscaping, and pedestrian-friendly spaces. Convenient access to the 215 freeway, hospitals, shopping, restaurants, the Las Vegas Strip, and Allegiant Stadium makes commuting and entertainment easy. With thoughtful finishes, practical storage, and abundant amenities, Spanish Palms blends tranquility and recreation for people seeking a secure, amenity-rich neighborhood.

Features

2 bedrooms
2 bathrooms
2 carspaces
2 garage spaces
1034 sq. ft. floor area
Condo

Estimated Value

Based on this property and similar 2 bedroom condos sold in Spring Valley over the last 12 months, the estimated median property value of 1011/5250 S Rainbow Blvd is $217k.

Median value
$217k
Estimated value range
$1.1k - $360k
Median days on market
51
Estimated value trend
-16%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Spring Valley. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1011/5250 S Rainbow Blvd

2026
Sold
$260,000
31 Jul 2026 by John Kennedy, of Home- A Real Estate Company
2021
Sold
$247,600
01 Jul 2021 by Chrisian Salazar, of NV Broker & Associates, LLC
2020
Rented
Undisclosed
20 Mar 2020 by Signature Real Estate Group

Happy sellers in Spring Valley

93%
93% of sellers in Spring Valley reported that their sale price either exceeded or met their price expectations.

Spring Valley stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 8 reviews in Spring Valley over the last 12 months.

Local market activity for 2 bedroom condos in Spring Valley

In the last 12 months, 70 two-bedroom condos similar to 1011/5250 S Rainbow Blvd, have been sold.

This represents a 54% decrease in two-bedroom condos sales when compared to the previous 12 months.

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