5 Rainbow Lane, Palm Coast, FL 32164

$500,000
New to the Market
SQUARE FEET1,954 MLS#1223786
MAP LISTING
5 Rainbow Lane, Palm Coast, FL 32164
5 Rainbow Lane, Palm Coast, FL 32164
5 Rainbow Lane, Palm Coast, FL 32164
5 Rainbow Lane, Palm Coast, FL 32164
5 Rainbow Lane, Palm Coast, FL 32164
5 Rainbow Lane, Palm Coast, FL 32164
5 Rainbow Lane, Palm Coast, FL 32164
5 Rainbow Lane, Palm Coast, FL 32164
5 Rainbow Lane, Palm Coast, FL 32164
5 Rainbow Lane, Palm Coast, FL 32164
5 Rainbow Lane, Palm Coast, FL 32164
5 Rainbow Lane, Palm Coast, FL 32164
5 Rainbow Lane, Palm Coast, FL 32164
5 Rainbow Lane, Palm Coast, FL 32164
5 Rainbow Lane, Palm Coast, FL 32164
5 Rainbow Lane, Palm Coast, FL 32164

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5 Rainbow Lane, Palm Coast, FL 32164
5 Rainbow Lane, Palm Coast, FL 32164
5 Rainbow Lane, Palm Coast, FL 32164
5 Rainbow Lane, Palm Coast, FL 32164
5 Rainbow Lane, Palm Coast, FL 32164
5 Rainbow Lane, Palm Coast, FL 32164
5 Rainbow Lane, Palm Coast, FL 32164
5 Rainbow Lane, Palm Coast, FL 32164
5 Rainbow Lane, Palm Coast, FL 32164
5 Rainbow Lane, Palm Coast, FL 32164
5 Rainbow Lane, Palm Coast, FL 32164
5 Rainbow Lane, Palm Coast, FL 32164
5 Rainbow Lane, Palm Coast, FL 32164
5 Rainbow Lane, Palm Coast, FL 32164
5 Rainbow Lane, Palm Coast, FL 32164
5 Rainbow Lane, Palm Coast, FL 32164

Property 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, 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.

5 Rainbow Lane | MLS# 1223786

This multi-family property located at 5 Rainbow Lane, Palm Coast, FL 32164 is currently listed for sale with an asking price of $500,000. Search Palm Coast real estate on rstein.watsonrealtycorp.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Fuel Type: Electric
Garage: 2 car attached
Heating: Central, Electric
Lot Size: 0.23 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $5,844
Square Feet: 1,954

Feature Descriptions

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 Ra
Exterior: Block, Concrete, Stucco
Exterior Amenities: Other
Flooring: Laminate
Laundry: In Unit
Listing Terms: Cash, Conventional, FHA, VA Loan
Lot: Other
Parcel #: 07-11-31-7030-00260-0030
Parking: Attached, Garage Door Opener
Property Attached Y/N: No
Property Sub-Type: Duplex
Road Surface: Asphalt, Paved
Units: 2
Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
Water: Public

Local Schools

High School: Matanzas
Middle School: Indian Trails
Elementary School: Rymfire

Listed By / Shown By

Listed By

Agency Name: Redfin Corporation

Shown By

Agent Name: Bob Stein
Agent Phone: (386) 843-3304
Agency Title: Watson Realty Corp., REALTORS ®

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Estimated Payment

$ 3,043.91 per month $2,411.08 Principal & Interest $487.00 Property Tax $145.83 Homeowner's Insurance

Change Payment Information

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/05/2026. The listing information on this page last changed on 03/05/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 03/05/2026 3:07:08 AM EST) or GAMLS (last updated Wed 03/04/2026 11:15:00 PM EST) or Stellar MLS (last updated Thu 03/05/2026 1:58:49 AM EST) or SPC MLS (last updated Wed 03/04/2026 11:20:38 PM EST) or Martin MLS (last updated Wed 03/04/2026 11:38:12 PM EST) or Indian River MLS (last updated Wed 03/04/2026 11:30:24 PM EST) or Daytona MLS (last updated Wed 03/04/2026 11:36:48 PM EST) or Northeast Florida MLS (last updated Thu 03/05/2026 12:18:40 AM EST) or Beaches MLS (last updated Thu 03/05/2026 2:35:52 AM EST) or BORMLS (last updated Wed 03/04/2026 11:15:45 PM EST) or Golden Isles MLS (last updated Wed 03/04/2026 11:26:34 PM EST) or Amelia/Nassau MLS (last updated Wed 03/04/2026 11:25:17 PM EST) or Dixie Gilchrist Levy MLS (last updated Wed 03/04/2026 11:42:25 PM EST). Real estate listings held by brokerage firms other than Watson Realty Corp., REALTORS ® may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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