5 Rainbow Lane Palm Coast, FL 32164
For Sale MLS# O6387739
4 beds 4 baths 1,954 sq ft Multi-family
Details for 5 Rainbow Lane
MLS# O6387739
Description for 5 Rainbow Lane, Palm Coast, FL, 32164
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.
Listing Information
Property Type: Residential, Duplex
Status: Active
Bedrooms: 4
Bathrooms: 4
Lot Size: 0.23 Acres
Square Feet: 1,954 sq ft
Year Built: 2022
Garage: Yes
Construction: Block,Concrete,Stucco
Subdivision: Palm Coast Sec 30
Foundation: Slab
Number Of Units Total: 2
County: Flagler
School Information
Elementary: Rymfire Elementary
Middle: Indian Trails Middle-Fc
High: Matanzas High
Additonal Room Information
Laundry: Inside
Interior Features
Additional Interior Features: Eat-In Kitchen, Main Level Primary, Open Floorplan, Solid Surface Counters
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Cable Available,Electricity Connected,Sewer Connected,Water Connected
Cooling: Central Air
Heating: Central, Electric
Exterior / Lot Features
Attached Garage: Attached Garage
Garage Spaces: 2
Parking Description: driveway, Garage Door Opener, Garage
Roof: Shingle
Additional Exterior/Lot Features: Lighting, Other
Unit Information
Unit 1 Units Total: 2
Unit 1 Actual Rent: 1500
Unit 1 Baths Total: 2
Unit 1 Beds Total: 2
Driving 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
Financial Considerations
Terms: Cash,Conventional,FHA,VA Loan
Tax/Property ID: 07-11-31-7030-00260-0030
Tax Amount: 5844
Tax Year: 2025
A broker reciprocity listing courtesy: REDFIN CORPORATION
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Copyright 2026 Stellar MLS as distributed by the MLS GRID. All Rights Reserved.
Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 5 Rainbow Lane
Sales History
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Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
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| Currently not available. | ||
Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 5 Rainbow Lane
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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