For sale

$349,900

1261 Rainbow Rd SE, Palm Bay, FL 32909

4beds

1,830sqft

$2,251/mo

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Single Family Residence

Built in 2021

10,454 Square Feet Lot

$-- Zestimate^®

$191/sqft

$-- HOA

What's special

Split-bedroom layoutOpen-concept floor planBeautiful natural viewsOversized primary suiteFully fenced backyardLarge walk-in closet

VA Assumable Loan with an incredible 2.7% interest rate for qualified buyers! This is your opportunity to own a beautifully maintained, only a few years young 4-bedroom, 2-bath home while enjoying substantial monthly savings. The low assumable interest rate paired with owned solar panels means lower mortgage payments and reduced electric bills, making this home an incredible long-term investment. Inside, you'll find an open-concept floor plan, spacious living areas, and a split-bedroom layout. The oversized primary suite features a large walk-in closet that won't disappoint. Step outside to a fully fenced backyard backing to a peaceful preserve with no rear neighbors, offering privacy and beautiful natural views. Conveniently located near shopping, dining, schools, parks, and major roadways. This move-in-ready home truly is the gift that keeps on giving. Schedule your private showing today before this rare opportunity is gone!

14 days

566

28

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Primary bedroom

Description: measurement may not be acurate and will need to be checked
Level: Main
Area: 192
Dimensions: 16.00 x 12.00

Heating

Central

Cooling

Central Air

Appliances

Included: Convection Oven, Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Ice Maker, Refrigerator
Laundry: Electric Dryer Hookup, Washer Hookup

Features

Ceiling Fan(s), Kitchen Island, Open Floorplan, Pantry, Split Bedrooms, Walk-In Closet(s)
Flooring: Carpet, Tile
Has fireplace: No

Interior area

Total interior livable area: 1,830 sqft

Video & virtual tour

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Property

Parking

Total spaces: 2
Parking features: Garage
Garage spaces: 2

Features

Levels: One
Stories: 1
Patio & porch: Patio
Exterior features: Storm Shutters
Fencing: Back Yard,Other

Lot

Size: 10,454 Square Feet
Features: Many Trees, Wooded

Details

Additional parcels included: 2933406
Parcel number: 293716Gp00756.00002.00
Zoning description: Residential
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional,Mid-Century Modern
Property subtype: Single Family Residence

Materials

Block, Concrete, Stucco

Condition

New construction: No
Year built: 2021

Utilities & green energy

Sewer: Septic Tank
Water: Public
Utilities for property: Cable Available, Electricity Available, Electricity Connected, Water Available, Water Connected

Community & HOA

Community

Subdivision: None

HOA

Has HOA: No

Location

Region: Palm Bay

Financial & listing details

Price per square foot: $191/sqft
Tax assessed value: $285,210
Annual tax amount: $4,359
Date on market: 7/24/2026
Listing terms: Assumable,Cash,Conventional,FHA,VA Loan

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/24/2026	Listed for sale	$349,900+33.8%$191/sqft
Source: Space Coast AOR #1083299 Report a problem
8/27/2021	Sold	$261,540+1145.4%$143/sqft
Source: Space Coast AOR #900715 Report a problem
7/9/2004	Sold	$21,000+162.5%$11/sqft
Source: Public Record Report a problem
1/13/2004	Sold	$8,000$4/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,359 +2.3%	$277,610 +2.9%
2024	$4,259 +2.1%	$269,790 +3%
2023	$4,170 +3.3%	$261,940 +3%
2022	$4,038 +961.8%	$254,320 +1595.5%
2021	$380 +123%	$15,000 +36.4%
2020	$171 -19%	$11,000 +10%
2019	$211	$10,000 +38.9%
2018	$211 +12.3%	$7,200 +414.3%
2017	$188 +4.3%	$1,400 -68.9%
2016	$180 +62.1%	$4,500 +21.6%
2015	$111 +8%	$3,700 -17.8%
2014	$103	$4,500 +50%
2013	--	$3,000 -14.3%
2012	$84 -0.1%	$3,500
2011	$84 -21.7%	$3,500 -30%
2010	$108 -37.2%	$5,000 -41.2%
2009	$171 -39.2%	$8,500 -43.3%
2008	$282 -22%	$15,000 -25%
2007	$361 +20.1%	$20,000 +33.3%
2005	$301 +70.8%	$15,000 +87.5%
2004	$176 +203%	$8,000 +220%
2003	$58 -0.4%	$2,500
2002	$58 +0.6%	$2,500
2001	$58 +2%	$2,500
2000	$57	$2,500

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: 32909

Getting around

5 / 100

Car-Dependent

26 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

6/10
Columbia Elementary School
Grades: PK-6Distance: 0.8 mi
3/10
Southwest Middle School
Grades: 7-8Distance: 2.7 mi
3/10
Bayside High School
Grades: 9-12Distance: 2.5 mi

Schools provided by the listing agent

Elementary: Columbia
Middle: Southwest
High: Bayside

Source: Space Coast AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.