5 Rainbow Ln

Palm Coast, FL 32164

$475,000
Price
4
Beds
4
Baths
1,954 Sq. Ft.
$243 / Sq. Ft.
1,954
Sq. Ft.
$243
per Sq. Ft.
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a kitchen with kitchen island granite countertop wooden floors stainless steel appliances and dining table
a kitchen with stainless steel appliances granite countertop a sink a stove a refrigerator cabinets and chairs
a living room with furniture a large window and a flat screen tv
wooden floor in an empty room with a window
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a bathroom with a granite countertop sink toilet and shower
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Description

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,...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.
  1. Listed by Thomas Bayrouty, Jr • Brokerage DRE #2035942 • REDFIN CORPORATION
    P: (407)-913-3665 C: (407)-913-3665 Thomas.Bayrouty@redfin.com

Property Details for 5 Rainbow Lane

Subdivision Name
PALM COAST SEC 30
Township
11
Garage Spaces
2
Waterfront
No
LISTING UPDATED: 04/21/2026 12:01 PM

Property Details for 5 Rainbow Lane

StatusActive
MLS #O6387739
Days on Market83
Taxes$5,844 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built2022
Lot Size0.23 AC / 10,019 SF
CountyFlagler County
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Location

Listing Courtesy of REDFIN CORPORATION
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Building Information for 5 Rainbow Lane

Stories-Residences2Year Built2022Building Size-Lot Size0.23 AC / 10,019 SF

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$2,854 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,367

Property Taxes

$487

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 5 Rainbow Lane

Summary
Location and General Information
  • Building Area Units: Square Feet
  • 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
  • Elementary School: Rymfire Elementary
  • Middle Or Junior School: Indian Trails Middle-FC
  • High School: Matanzas High
  • Mls Major Change Type: Price Decrease
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 5
  • Street Name: RAINBOW
  • Street Suffix: LANE
  • State: FL
  • City: PALM COAST
Parking
  • Attached Garage: Yes
  • Carport: No
  • Garage: Yes
  • Parking Features: Driveway, Garage Door Opener
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Pet Restrictions: Buyer To Verify All Pet Restrictions
  • Tax Block: 26
  • Tax Book Number: 472
  • Tax Legal Description: PALM COAST SEC 30 BL 26 LT 3 OR 274 PG 472 OR 679 PG 510
  • Tax Lot: 3
  • Tax Year: 2025
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Property
Lot Information
  • Additional Parcels: No
  • Parcel Number: 0711317030002600030
  • Total Acreage: 0 to less than 1/4
  • Total Num Buildings: 1
  • Water Access: No
  • Water Extras: No
  • Zoning: DPX
  • Living Area: 1954
Property and Assessments
  • Year Built Numeric: 2022
  • Flood Zone Code: X
  • Flood Zone Date: 06-06-2018
  • Flood Zone Panel: 12035C0138E
  • New Construction: No
  • Public Survey Range: 31
  • Public Survey Section: 07
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block, Concrete, Stucco
  • Exterior Features: Lighting, Other, Sliding Doors
  • Foundation Details: Slab
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Shingle
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 4
  • Cooling: Central Air
  • Fireplace: No
  • Heating: Central, Electric
  • Interior Features: Eating Space In Kitchen, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters
  • Laundry Features: Inside
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Net Income: $36,000.00
  • Unit Count: 1
Rental
Rental Information
  • Pets Allowed: Yes

Property History for 5 Rainbow Lane

DateEvent & SourcePriceAppreciation
Apr 21, 2026

Price Change

DAYTONAMLS #1223786

$475,000—
Apr 21, 2026

Price Change

MFRMLS #O6387739

$475,000—
Mar 5, 2026

Listed (Active)

DAYTONAMLS #1223786

$500,000—
DateEvent & SourcePrice
04/21/2026

Price Change

DAYTONAMLS #1223786

$475,000
04/21/2026

Price Change

MFRMLS #O6387739

$475,000
03/05/2026

Listed (Active)

DAYTONAMLS #1223786

$500,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 5 Rainbow Lane

Taxable ValueLand$53,500Additions$268,075Total$321,575
Tax Record2025$5,844 ($487 / month)
Home Facts
Beds4Total Finished SqFt1,954 SqFtAbove Grade Finished SqFt1,954 SqFtStories1Lot Size10,019 SqFtStyleSingle Family ResidenceYear Built2022ZoningDPXCountyFLAGLERAPN07-11-31-7030-00260-0030

Schools near 5 Rainbow Lane

This home is within Flagler.
Rating
School
Type
Grades
Distance
Rymfire Elementary School
Public - PK to 5
Indian Trails Middle School
Public - 6 to 8
Matanzas High School
Public - 8 to 12
Imagine School Town Center
Charter - K to 8
Rating
School
Distance
Rymfire Elementary School
PublicPK to 5

Indian Trails Middle School
Public6 to 8

Matanzas High School
Public8 to 12

Imagine School Town Center
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 5 Rainbow Lane, Palm Coast, FL 32164

5 Rainbow Lane is a multi-family home for sale in Palm Coast, FL 32164. This property was listed for sale on March 5, 2026 by REDFIN CORPORATION, it's currently listed at $475,000. It has been on the market for a total of 83 days and was last sold on August 5, 2022. This listing's school district is Flagler. Nearby schools include Rymfire Elementary School, Indian Trails Middle School and Matanzas High School. 5 Rainbow Lane is a 4-bed, 4-bath, 1,954 sqft multi-family home built in 2022.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of REDFIN CORPORATION

Based on information from one of the following Multiple Listing Services: Pensacola Association of REALTORS®, Amelia Island Nassau County Association of REALTORS and NEFMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Pensacola Association of REALTORS®, Amelia Island Nassau County Association of REALTORS and NEFMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.