$499,900
Off-Market Date: 05/24/20265 Rainstone Lane Palm Coast, FL 32164
Pending MLS# FC315542
6 beds 4 baths 2,575 sq ft Multi-family
Details for 5 Rainstone Lane
MLS# FC315542
Description for 5 Rainstone Lane, Palm Coast, FL, 32164
Under contract-accepting backup offers. Excellent investment opportunity! This 2022-built concrete block duplex features two identical units, each offering 3 bedrooms, 2 bathrooms, and a 1-car garage. Ideal 1031 Exchange Replacement Property! Both sides are currently rented, producing a combined annual income of $38,900, with long-term tenants in place who maintain their units impeccably and wish to continue leasing. Unit Side A has agreed to a rent increase upon lease expiration, offering immediate upside potential. Designed for easy ownership, both units feature granite countertops, no carpeting, and durable finishes throughout, keeping maintenance costs low. Built with solid concrete block construction, this property is ideal for investors seeking a turnkey, low-maintenance asset with reliable cash flow. Serious inquiries only. Please do not disturb tenants. Showings by appointment only with proof of funds or financing in place.
Listing Information
Property Type: Residential, Duplex
Status: Pending
Bedrooms: 6
Bathrooms: 4
Lot Size: 0.23 Acres
Square Feet: 2,575 sq ft
Year Built: 2022
Garage: Yes
Construction: Block,Stucco
Subdivision: Palm Coast Sec 30
Foundation: Slab
Number Of Units Total: 2
County: Flagler
Additonal Room Information
Laundry: Laundry Room
Interior Features
Appliances: Dishwasher, Microwave, Refrigerator
Additional Interior Features: Open Floorplan, Solid Surface Counters, Walk-In Closet(s)
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Cable Available,Sewer Connected,Water Connected
Cooling: Central Air
Heating: Electric, Heat Pump, Central
Exterior / Lot Features
Attached Garage: Attached Garage
Garage Spaces: 2
Roof: Shingle
Additional Exterior/Lot Features: Covered
Unit Information
Unit 1 Units Total: 1
Unit 1 Actual Rent: 1644
Unit 1 Baths Total: 2
Unit 1 Beds Total: 3
Unit 2 Units Total: 1
Unit 2 Actual Rent: 1625
Unit 2 Baths Total: 2
Unit 2 Beds Total: 3
Driving Directions
Belle Terre Parkway to Rymfire, right turn onto Rae Drive, right turn onto Rainbrook, left turn to Raintree Place, turn left onto Rainstone Lane
Financial Considerations
Terms: Cash,Conventional
Tax/Property ID: 07-11-31-7030-00250-0030
Tax Amount: 6388
Tax Year: 2025
A broker reciprocity listing courtesy: VIRTUAL HOMES REALTY
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Copyright 2026 Stellar MLS as distributed by the MLS GRID. All Rights Reserved.
Sales History & Tax Summary for 5 Rainstone Lane
Sales History
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| Currently not available. | ||
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 Rainstone 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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