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5 Rainbow Lane Palm Coast, FL $ 500,000
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5 Rainbow Lane
$ 500,000
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5 Rainbow Lane

Palm Coast, FL, 32164
$ 500,000
Bedrooms4 Baths4.0 Sq 1,954

Monthly Estimate*

$ 3,079

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Multi-Family Home for sale in Palm Coast, FL

for $500,000 with 4 bedrooms and 4 full baths. This 1,954 square foot home was built in 2022 on a lot size of 0.23.

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.

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Multi-Family Active

Price

$ 500,000

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 5,844

Style

Lot Size

0.23

Year Built

2022

Town/City

Palm Coast

County/Region

Flagler

MLS | Web ID

1223786
Features
General
Heating Central Electric
Cooling Central Air
Utilities Cable Available Electricity Connected Sewer Connected Water Connected
Possession Close Of Escrow
Roof Shingle
Garage Spaces 2
Construction Materials Block Concrete Stucco
Year Built 2022
Levels One
Property Subtype Duplex
Tax Year 2025
Current Use Multi-Family
County Flagler
New Construction false
Property Type Residential Income
Attached Garage true
Subdivision Name Not In Subdivision
Garage Y/N true
Full Baths 4
Status Active
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
High School Matanzas
City Palm Coast
Number Of Units Total 2
MLS Area 60 - Palm Coast
Lot Size Units Acres
Lot Size Square Feet 10018.8
Carport Y/N false
Elementary School Rymfire
Tax Annual Amount 5844.49
Middle/Junior High School Indian Trails
MLS Area Minor 60 - Palm Coast
Virtual Tour https://my.matterport.com/show/?m=ms3hYfXJYbn&brand=0&mls=1&
Standard Status Active
Legal Description PALM COAST SEC 30 BL 26 LT 3 OR 274 PG 472 OR 679 PG 510
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Interior
Flooring Laminate
Air Conditioning Y/N true
Heating Y/N true
Half Baths 0
Laundry Features In Unit
Total Bedrooms 4
Total Baths 4
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Exterior
Exterior Amenities Other
Parking Features Attached Garage Door Opener
Lot Features Other
Water Source Public
Lot Size Area 0.23
Lot Size Acres 0.23
Road Surface Type Asphalt Paved
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* Excluded Features
List By
Thomas Bayrouty

Listing Agent

Redfin Corporation

Broker

Thomas.Bayrouty@Redfin.com

Email

Affordability Calculator

$3,566
Per Month
86%
14%
0%
Monthly Principal & Interest
$3,079
Monthly Property Taxes
$487
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
4780271 Elementary School
4708195 Middle School
Matanzas High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/5/2026$500,000 Listed Price

Map

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5 Rainbow Lane, Palm Coast, FL, 32164 is a Multi-Family Home for sale at $500,000 with 1,954 sqft and a lot size of 0.23. 5 Rainbow Lane has 4 bedrooms, 4.0 baths, and was built in 2022. The property's zip code is 32164 which is in Palm Coast, FL

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