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$500,000 Just Listed

  • For Sale
  • Active
  • Duplex
  • 4 Beds
  • 4 Total Baths
  • 1,954 Sq. Ft.
  • Updated 1 day ago
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Investor Opportunity in Palm Coast! Well-maintained duplex located at 5 Rainbow Ln in Palm Coast, offering an excellent opportunity for investors seeking immediate rental income. Both units are currently leased through the end of October, providing built-in cash flow from day one. Each unit offers comfortable living space with functional layouts, private entrances, and dedicated parking. The property is situated in a quiet residential area of Palm Coast, conveniently located near shopping, dining, parks, and major roadways, with easy access to the beach and surrounding communities. Whether you're looking to expand your rental portfolio or secure a steady income-producing property, this duplex presents a solid investment in one of Palm Coast's growing neighborhoods.

Full Property Details for 5 Rainbow Ln

General

  • Price: $500,000
  • Taxes: $5,844 (2025)
  • Status: Active
  • Type: Duplex
  • Source: MidFloridaRegionalMLS
  • MLS ID: O6387739
  • Updated: 3/5/2026
  • Added to Site: 2 day(s) ago

Rental Information

  • Min. Lease: No Minimum

Interior

  • Interior Features: Eating Space In Kitchen, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Laundry: Inside

Exterior

  • Exterior Features: Lighting, Other, Sliding Doors

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2
  • Covered Spaces: 2
  • Parking Features: Driveway, Garage Door Opener

Location

  • Area: 32164 - Palm Coast
  • County: Flagler
  • Development Name: 32164 - Palm Coast
  • Subdivision: PALM COAST SEC 30
  • Driving Directions: Head east on E Moody Blvd, Turn left onto Old Kings Rd, Turn left onto Town Center Blvd, Turn right onto Royal Palms Pkwy, Turn right onto Belle Terre Pkwy, Turn left onto Rymfire Dr, Turn right onto Rae Dr, Turn right onto Raintree Pl, Turn right onto Rainbow Ln, Destination will be on the left

School Information

  • Elementary School: Rymfire Elementary
  • Middle School: Indian Trails Middle-FC
  • High School: Matanzas High

Community

  • Community Name: 32164 - Palm Coast
  • Pet Restrictions: Buyer To Verify All Pet Restrictions

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central, Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable TV Available, Electricity Connected, Sewer Connected, Water Connected

Structural Information

  • # Buildings: 1
  • Exterior Const.: Block, Concrete, Stucco
  • Roof: Shingle
  • Square Feet: 1,954
  • Sq. Ft. Source: Public Records
  • Year Built: 2022

Lot Features

  • Lot Size (Acres): 0.23
  • Lot Size (Sq. Ft.): 10,019
  • Lot Size: 10019
  • Street/Road Desc.: Asphalt, Paved

Financial Considerations

  • Tax Amount: $5,844
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: PALM COAST SEC 30 BL 26 LT 3 OR 274 PG 472 OR 679 PG 510
  • Flood Zone Info: X
  • APN: 711317030002600030
  • Property ID: 711317030002600030
  • Block/Lot/Section: 26

Listed by Redfin Corporation

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Listing agent

— 5 Rainbow Ln —

  • Redfin Corporation

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5 Rainbow Ln

School District:Flagler County School District
NameGradesDistance
Rymfire Elementary School
1425 Rymfire Drive, Palm Coast, FL 32164
PK-51.9 mi
Indian Trails Middle School, Palm Coast, FL
5505 Belle Terre Parkway, Palm Coast, FL 32137
6-85 mi
Matanzas High School
3535 Old Kings Road North, Palm Coast, FL 32137
9-126.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5 Rainbow Ln Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/05/2026
Listed
$500,000
28.57%
MLS
8/05/2022
Sold
$388,900
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5 Rainbow Ln

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,844
-1%
$321,575
-1%
2024
$5,922
-1%
$323,219
—
2023
$5,978
1362%
$322,649
1436%
2021
$409
-27%
$21,000
-53%
2022
$558
36%
$44,500
178%
2021
$409
82%
$16,000
58%
2019
$225
14%
$10,099
10%
2018
$198
15%
$9,181
7%
2017
$172
9%
$8,550
6%
2016
$158
3%
$8,100
17%
2015
$154
-68%
$6,897
2%
2014
$484
307%
$6,750
18%
2013
$119
—
$5,700
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 5 Rainbow Ln

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Redfin Corporation

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5 Rainbow Lane, Palm Coast, FL 32164 (MLS# O6387739) is a Duplex property with 4 bedrooms and 0 full bathrooms. 5 Rainbow Lane is currently listed for $500,000 and was received on March 05, 2026. Want to learn more about 5 Rainbow Lane? Do you have questions about finding other Duplex real estate for sale in Palm Coast? You can browse all Palm Coast real estate or contact a Coldwell Banker agent to request more information.

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