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$472,500
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Property Description
Excellent investment opportunity! This 2022-built concrete block duplex features two identical units, each offering 3 bedrooms, 2 bathrooms, and a 1-car garage. Ideal 1031 Exchange Replacement Property! Both sides are currently rented, producing a combined annual income of $38,900, with long-term tenants in place who maintain their units impeccably and wish to continue leasing. Unit Side A has agreed to a rent increase upon lease expiration, offering immediate upside potential. Designed for easy ownership, both units feature granite countertops, no carpeting, and durable finishes throughout, keeping maintenance costs low. Built with solid concrete block construction, this property is ideal for investors seeking a turnkey, low-maintenance asset with reliable cash flow. Serious inquiries only. Please do not disturb tenants. Showings by appointment only with proof of funds or financing in place.
Full Property Details
Full Property Details for 5 Rainstone Ln
General
- Sold For: $472,500
- Taxes: $6,388 (2025)
- Status: Closed
- Type: Duplex
- Source: MidFloridaRegionalMLS
- MLS ID: FC315542
- Added to Site: 169 day(s) ago
Rental Information
- Min. Lease: No Minimum
Interior
- Interior Features: Open Floorplan, Solid Surface Counters, Thermostat, Walk-In Closet(s)
- Appliances: Dishwasher, Microwave, Refrigerator
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 6
Other Rooms
- Laundry: Laundry Room
Exterior
- Exterior Features: Private Mailbox
- Deck/Patio: Covered
- Porch/Patio/Deck: Covered
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
Location
- Area: 32164 - Palm Coast
- County: Flagler
- Development Name: 32164 - Palm Coast
- Subdivision: PALM COAST SEC 30
- Driving Directions: Belle Terre Parkway to Rymfire, right turn onto Rae Drive, right turn onto Rainbrook, left turn to Raintree Place, turn left onto Rainstone Lane
Community
- Community Name: 32164 - Palm Coast
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central, Electric, Heat Pump
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable TV Available, Sewer Connected, Water Connected
Structural Information
- # Buildings: 1
- Exterior Const.: Block, Stucco
- Roof: Shingle
- Square Feet: 2,575
- Sq. Ft. Source: Public Records
- Living Area: 2,575 Sq. Ft.
- Year Built: 2022
Lot Features
- Lot Size (Acres): 0.23
- Lot Size (Sq. Ft.): 10,019
- Lot Size: 10019
- Street/Road Desc.: Paved
Financial Considerations
- Tax Amount: $6,388
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: PALM COAST SECTION 30 BLOCK 00025 LOT 0003 SUBDIVISION COMPLETION YEAR 1980 OR 182 PG 157
- Flood Zone Info: X
- APN: 711317030002500030
- Property ID: 711317030002500030
- Block/Lot/Section: 25
Listed by Virtual Homes Realty
Sold by Watson Realty Corp
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Schools
Schools serving 5 Rainstone Ln
School District:Flagler County School District
| Name | Grades | Distance |
|---|---|---|
Rymfire Elementary School 1425 Rymfire Drive, Palm Coast, FL 32164 | PK-5 | 1.8 mi |
Indian Trails Middle School, Palm Coast, FL 5505 Belle Terre Parkway, Palm Coast, FL 32137 | 6-8 | 5 mi |
Matanzas High School 3535 Old Kings Road North, Palm Coast, FL 32137 | 9-12 | 6.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5 Rainstone Ln
Date
Details
Price
Change
Source
6/19/2026
Sold
$472,500
-5.48%
MLS
1/26/2026
Listed
$499,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5 Rainstone Lane, Palm Coast, FL 32164 (MLS# FC315542) is a Duplex property that was sold at $472,500 on June 19, 2026. Want to learn more about 5 Rainstone 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.

