$295,000

5040 S Rainbow Blvd Unit 201 Las Vegas, NV 89118

$3,503
Closing credit¹
3 beds
2 full
1,163 sqft
0.2 acres
$254 / sqft
Condo

Property details

About 5040 S Rainbow Blvd Unit 201

Welcome to this stunning 3-bedroom, 2-bathroom condo located in a highly sought-after gated community! This spacious second-floor unit boasts an open living and dining area, complete with a cozy fireplace—perfect for relaxing or entertaining. The primary bedroom ensuite features a private balcony, a large walk-in closet, and a well-appointed bathroom for ultimate comfort and convenience. Enjoy resort-style amenities, including a sparkling pool, tennis courts, and a fully equipped fitness center. Conveniently located near Allegiant Stadium, Spanish Trail, and Downtown Summerlin, this home provides easy access to top dining, shopping, and entertainment options. Don’t miss the opportunity to own this fantastic condo in the heart of Las Vegas! Schedule your showing today.

Highlights

Home typeCondominium
HeatingCentral, Natural Gas
StatusActive
CoolingCentral Air, Electric
Size1,163 sqft
Lot size0.1843 Acres
Year built1987
ParkingAssigned, Covered, Detached Carport, Guest
MLS #2667076
FireplaceLiving Room, Wood Burning

Virtual tour

Summary

  • Full Bathrooms: 2
  • Appliances: Dryer, Gas Cooktop, Disposal, Gas Range, Microwave, Refrigerator, Washer
  • Flooring Type: Linoleum, Vinyl
  • Interior: Ceiling Fan(s), Window Treatments
  • Fireplace: Living Room, Wood Burning
  • Total Bedroom Count: 3
  • Private Pool: No
  • Parking: Assigned, Covered, Detached Carport, Guest
  • Exterior: Balcony
  • Architectural Style: Two Story
  • Heating: Central, Natural Gas
  • Cooling: Central Air, Electric
  • List Price: $295,000
  • Price/SqFt: $253
  • HOA Amount: $220
  • HOA Frequency: Monthly
  • Annual Tax Amount: $910
  • Tax Year: 2024
  • Lot: Landscaped
  • Directions: From Tropicana go south on Rainbow, Vizcay community is located on the left. Building #5
  • Year Built: 1987
  • Stories: 2
  • Living Area: 1,163 SqFt
  • Lot Size: 0.1843 Acres
  • MLS Number: 2667076
  • MLS Name: GLVAR
  • Office Name: Fathom Realty
  • Office Phone: (702) 375-5974
  • Listing Agent: Oscar Hernandez

IDX Disclaimer: The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. GLVAR MLS deems information reliable but not guaranteed.

Copyright 2025 of the Greater Las Vegas Association of REALTORS® MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2025, 8:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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property entrance with stucco siding

$295,000

5040 S Rainbow Blvd Unit 201

$3,503

closing credit¹

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Price information

Property sales

DateEventPrice
Nov 18, 2022
Home Sold
$270,000
Dec 30, 2011
Home Sold
$71,700
Oct 31, 2011
Home Sold
$44,000
Feb 22, 2006
Home Sold
$234,400

Tax history

YearAssessmentProperty Tax
2024$45,068$910
2023$50,076$837
2022$37,504$775
2021$37,079$719
2020$36,678$717
2019$36,269$672
2018$27,608$641

History based on county public records data.

Nearby schools

5

Marion B. Earl Elementary School

Public District KG-5

0.1 mi

6650 W Reno Ave

4

Harvey N. Dondero Elementary School

Public District KG-5

0.9 mi

4450 Ridgeville St

7

Helen Jydstrup Elementary School

Public District KG-5

1.1 mi

5150 Duneville St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $57,472. The majority of Las Vegas, NV residents have income between $35k-100k annually. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

How much money do the neighbors make?

30%
<35k
55%
35k-100k
7%
100k-200k
8%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

58%
Single, No Kids
13%
Single, with Kids
16%
Married, No Kids
13%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

12%
<11 yrs old
6%
12-17 yrs old
33%
18-34 yrs old
40%
35-64 yrs old
9%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • Major League Soccer (MLS)Major League Soccer (MLS)
  • Mexican League SoccerMexican League Soccer

Where do the neighbors shop?

  • BurlingtonBurlington
  • H&MH&M
  • Foot LockerFoot Locker

Where do the neighbors go to eat?

  • White CastleWhite Castle
  • PopeyesPopeyes
  • Boston MarketBoston Market

What do the neighbors drive?

  • KiaKia
  • NissanNissan
  • HondaHonda

What do the neighbors listen to?

  • Urban Adult ContemporaryUrban Adult Contemporary
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
All data provided by Home Junction and Claritas

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Frequently asked questions

About 5040 S Rainbow Blvd Unit 201

The listing price of 5040 S Rainbow Blvd Unit 201 property is $295,000.

The property 5040 S Rainbow Blvd Unit 201 is a condo located in Las Vegas, Nevada, 89118.

Active Listing: 5040 S Rainbow Blvd Unit 201 is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 5040 S Rainbow Blvd Unit 201 are: Marion B. Earl Elementary School (GreatSchools Rating 5/10), Harvey N. Dondero Elementary School (GreatSchools Rating 4/10), Helen Jydstrup Elementary School (GreatSchools Rating 7/10), Grant Sawyer Middle School (GreatSchools Rating 5/10), Kenny C. Guinn Middle School (GreatSchools Rating 6/10), Clifford J. Lawrence Junior High School (GreatSchools Rating 6/10), Durango High School (GreatSchools Rating 3/10), Spring Valley High School (GreatSchools Rating 6/10), Nevada State High School Southwest (GreatSchools Rating 10/10).

According to the records, the last property tax for 2024 is $910 (source: MLS/based on county public records data).

The last sale was on November 18, 2022 for $270,000 (source: MLS/tax record).

The property at 5040 S Rainbow Blvd Unit 201 has 3 bedrooms and 2 bathrooms.

The property 5040 S Rainbow Blvd Unit 201 is 1,163 SqFt (source: MLS/tax record).

The year of construction for 5040 S Rainbow Blvd Unit 201 is 1987.

This home is located at 5040 S Rainbow Blvd Unit 201 in Las Vegas, NV and zip code 89118 in the Vizcaya at the Trails neighborhood. This 1,163 square foot home, which was built in 1987, sits on a 0.18 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 21, 2025 and is currently priced at $295,000.

In March 2025 more than 325 listings in Las Vegas, NV were sold above the asking price. During the same period more than 417 listings were sold at asking price, while more than 927 were sold below. The number of homes for sale in Las Vegas, NV increased by 17% between February and March 2025. Listings spent 42 days on the market in March 2025, and had a median list price of $439,328 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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