5 Rainbow Lane, Palm Coast, FL 32164

Palm Coast
Local realty services provided by:Better Homes and Gardens Real Estate Lifestyles Realty
5 Rainbow Lane,Palm Coast, FL 32164
$475,000
  • 4 Beds
  • 4 Baths
  • 1,954 sq. ft.
  • Multi-family
  • Active
Listed by: thomas bayrouty, jr
Office: redfin corporation
MLS#:O6387739
Source:MFRMLS

Price summary

  • Price:$475,000
  • Price per sq. ft.:$243.09

About this home

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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Home facts

  • Year built:2022
  • Listing ID #:O6387739
  • Added:49 day(s) ago
  • Updated:April 24, 2026 at 01:55 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4
  • Dining Description:Eat In Kitchen
  • Kitchen Description:Eat-in Kitchen, Solid Surface Counters
  • Bedroom Description:Primary Bedroom Main Floor
  • Living area:1,954 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central, Electric
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:2022
  • Building area:1,954 sq. ft.
  • Lot area:0.23 Acres
  • Construction Materials:Block, Concrete, Stucco
  • Exterior Features:Lighting
  • Foundation Description:Slab
  • Levels:1 Story

Schools

  • High school:Matanzas High
  • Middle school:Indian Trails Middle-FC
  • Elementary school:Rymfire Elementary

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$475,000
  • Price per sq. ft.:$243.09
  • Tax amount:$5,844 (2025)

Features and amenities

  • Laundry features:Inside
  • Amenities:Cable Available, Eat-in Kitchen, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters
  • Pool features:Public Pool

Parking

  • Parking description:Attached Garage, Driveway, Garage Door Opener
  • Garage:Yes
  • Garage spaces:2
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