5 RAINSTONE LANE Palm Coast, FL $ 499,900
5 RAINSTONE LANE
$ 499,900
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5 RAINSTONE LANE

Palm Coast, FL, 32164
$ 499,900
Bedrooms6 Baths4.0 Sq 2,575

Monthly Estimate*

$ 3,078

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Multi-Family Home for sale in Palm Coast, FL

for $499,900 with 6 bedrooms and 4 full baths. This 2,575 square foot home was built in 2022 on a lot size of 0.23.

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.

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Multi-Family Active

Price

$ 499,900

Bedrooms

6

Full Bath

4

Property Type

Multi-Family

Taxes

$ 6,388

Style

Duplex

Lot Size

0.23

Year Built

2022

Town/City

Palm Coast

County/Region

Flagler

MLS | Web ID

FC315542

Features
General
Sewer Public Sewer
Heating Central Electric Heat Pump
Cooling Central Air
Utilities Cable Available Sewer Connected Water Connected
Possession Close Of Escrow
Roof Shingle
Appliances Dishwasher Microwave Refrigerator
Zoning DPX
Garage Spaces 2
Patio/Porch Features Covered
Construction Materials Block Stucco
Year Built 2022
Property Subtype Duplex
Tax Year 2025
Ownership Fee Simple
County Flagler
New Construction false
Property Type Residential Income
Attached Garage true
Subdivision Name PALM COAST SEC 30
Garage Y/N true
Status Active
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
City PALM COAST
Senior Community Y/N false
Number Of Units Total 2
MLS Area 32164 - Palm Coast
Lot Size Units Square Feet
Lot Size Square Feet 10019
Carport Y/N false
Listing Terms Cash Conventional
Land Lease Y/N false
Tax Annual Amount 6388
Additional Parcels Y/N false
Lease Considered Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/FC315542
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 3
Legal Description PALM COAST SECTION 30 BLOCK 00025 LOT 0003 SUBDIVISION COMPLETION YEAR 1980 OR 182 PG 157
Minimum Lease No Minimum
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
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Interior
Interior Amenities Open Floorplan Solid Surface Counters Thermostat Walk-In Closet(s)
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Laundry Room
Total Bedrooms 6
Total Baths 4
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Exterior
Exterior Amenities Private Mailbox
Water Source Public
Lot Size Area 10019
Foundation Details Slab
Number of Buildings 1
Lot Size Acres 0.23
Road Surface Type Paved
Private Pool false
Waterfront Y/N false
Covered Spaces 2
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* Excluded Features
List By
Virtual Homes Realty

Broker

alina@vhrfl.com

Email

Affordability Calculator

$3,610
Per Month
85%
15%
0%
Monthly Principal & Interest
$3,078
Monthly Property Taxes
$532
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/26/2026$499,900 Listed Price

Map


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5 RAINSTONE LANE, Palm Coast, FL, 32164 is a Multi-Family Home for sale at $499,900 with 2,575 sqft and a lot size of 0.23. 5 RAINSTONE LANE has 6 bedrooms, 4.0 baths, and was built in 2022. The property's zip code is 32164 which is in Palm Coast, FL