2866 E Rainbow Circle, SARASOTA, FL 34231
Local realty services provided by:Better Homes and Gardens Real Estate Atchley Properties
2866 E Rainbow Circle,SARASOTA, FL 34231
$649,000
- 4 Beds
- 3 Baths
- 2,010 sq. ft.
- Single family
- Active
Listed by:lana moriece
Office:michael saunders & company
MLS#:A4655606
Source:MFRMLS
Price summary
- Price:$649,000
- Price per sq. ft.:$199.2
About this home
**SPACIOUS SERENITY IN THE HEART OF SARASOTA!** This ENCHANTING .49-ACRE PROPERTY is a RARE investment opportunity where lots of this size in Sarasota — let alone at the END OF A DEAD-END STREET -- are scarce—making it PERFECT PROPERTY FOR SAVVY INVESTORS! Excitingly, the SELLERS ARE CURRENTLY MAKING REPAIRS to IMPROVE and MAINTAIN the quality of the home, including RELINING THE PIPES, ensuring that the property remains in TOP CONDITION for its new owners! Imagine the potential, whether you're looking to GENERATE INCOME, CULTIVATE an ACTIVE URBAN FARM, or BASK in your own TRANQUIL PRIVATE OASIS!
This EXCEPTIONAL 4-BEDROOM, 3-BATH property features a MAIN HOUSE with an ATTACHED 2-CAR GARAGE, PLUS an INCOME-PRODUCING GUEST HOUSE—ideal for creating a lucrative investment! Located just 10 MINUTES from CONVENIENCE STORES, GROCERY STORES, SHOPPING, and the WORLD-FAMOUS SIESTA KEY BEACH, this property is in a PRIME LOCATION that draws steady interest from renters and buyers alike. Step inside the LOVELY MAIN HOME, with 3 BEDROOMS and 2 BATHROOMS, highlighted by a NEW 2025 ROOF and a FRESHLY PAINTED EXTERIOR. Discover a THOUGHTFULLY DESIGNED OPEN FLOOR PLAN centered around an INVITING EAT-IN KITCHEN featuring STUNNING QUARTZ COUNTERTOPS and NEW SMART SAMSUNG APPLIANCES—all controllable from an app on your phone and with warranties for your peace of mind! The touchless exhaust fan and spacious LIVING ROOM flow seamlessly into a GREAT ROOM with a WOOD BURNING FIREPLACE, providing access to a BEAUTIFUL SCREENED-IN PORCH through pocketing sliding doors. The PRIMARY BEDROOM offers a SWEET RETREAT with pocketing sliders leading to the screened-in porch, a NEWLY TILED EN-SUITE BATH with a STANDING SHOWER, and a GENEROUS WALK-IN CLOSET! The second and third bedrooms are equally spacious; one features a walk-in closet and the other boasts its own PRIVATE EXTERIOR ENTRANCE. Plus, the FUNCTIONAL LAUNDRY ROOM INCLUDES A WASHER, DRYER, and AMPLE BUILT-IN STORAGE for all your organizational needs. The VERSATILE 2-CAR GARAGE has a DOOR leading to the main yard and a WINDOW — giving you the ability to add a window unit and air conditions the garage. The DETACHED GUEST HOUSE serves as a fabulous fourth bedroom and third bathroom, boasting a TRACK RECORD OF RENTING FOR $1400/MONTH! This income stream allows you to GENERATE REVENUE from the comfort of home, complete with a SPACIOUS COVERED PATIO that doubles as a CARPORT, wardrobe, portable washing machine, full-size refrigerator, kitchenette, and an OVERSIZED BATHROOM filled with NATURAL LIGHT. Have a TENANT in a separate structure — not a roommate. NATURE LOVERS will be THRILLED, as this property—previously an URBAN FARM—thrives with NATIVE PLANTS GROWN WITHOUT PESTICIDES and boasts MATURE LANDSCAPING, including MAGNIFICENT OAK TREES. Currently flourishing with FRESH VEGETABLES, FRUITS, and a BUSY HIVE of 250,000 BEES producing 42 POUNDS OF HONEY annually, this property is the VERY DEFINITION OF SUSTAINABLE LIVING! Whether you're EAGER to GENERATE INCOME, cultivate your own urban farm, or enhance it with a NEARLY UNLIMITED NUMBER OF OPTIONS, with AMPLE ROOM to ADD A POOL, an OUTDOOR KITCHEN, park your BOAT or RV, or whatever your DREAMS MAY HOLD, the options are vast in this non-HOA community. Don’t miss this opportunity to invest in a property that marries SPACE with LOCATION—your DREAM INVESTMENT AWAITS!
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Home facts
- Year built:1977
- Listing Id #:A4655606
- Added:46 day(s) ago
- Updated:August 14, 2025 at 12:29 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
- Full bathrooms:3
- Living area:2,010 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central, Electric
Structure and exterior
- Roof:Shingle
- Year built:1977
- Building area:2,010 sq. ft.
- Lot area:0.49 Acres
Schools
- High school:Riverview High
- Middle school:Brookside Middle
- Elementary school:Wilkinson Elementary
Utilities
- Water:Public, Water Available, Water Connected
- Sewer:Public, Public Sewer, Sewer Available, Sewer Connected
Finances and disclosures
- Price:$649,000
- Price per sq. ft.:$199.2
- Tax amount:$3,969 (2024)
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