Motivated seller has slashed the price here! Wow! Signifiant price adjustment, now priced below recent appraisal! Get ready for amazing lakefront living with an incredible setting to make the most of being on the water! This one owner, custom built home features hundreds of feet of seawall, a boat house, a gazebo and so much more! This property is located in the Northeast area of Lauderdale County in the gated community of Rainbow Lakes. If you're looking for a peaceful place to wake up to, daily water views from nearly every window, this is your spot! The homeowners of Rainbow Lakes have replaced the main lake dam and had roads repaved in recent years. Make your appointment now for a personal visit to see this unique home and all it has to offer.
Under contract
Price cut: $60K (6/5)
$379,000
5398 Rainbow Pkwy, Toomsuba, MS 39364
3beds
3,365sqft
Single Family Residence
Built in 1998
-- sqft lot
$364,700 Zestimate®
$113/sqft
$-- HOA
What's special
Boat house
- 147 days |
- 114 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Berea Howard 601-701-7802,
BOYD WILLIAMS REAL ESTATE 601-482-8818
Source: East Mississippi REALTORS®,MLS#: 26-164
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Cooling
- Has cooling: Yes
Appliances
- Included: Yes
Features
- Number of fireplaces: 2
Interior area
- Total structure area: 3,365
- Total interior livable area: 3,365 sqft
Property
Parking
- Parking features: Garage
- Has garage: Yes
Details
- Parcel number: 149300573000200300
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1998
Community & HOA
Community
- Subdivision: Rainbow Lakes
HOA
- Has HOA: Yes
Location
- Region: Toomsuba
Financial & listing details
- Price per square foot: $113/sqft
- Tax assessed value: $304,860
- Annual tax amount: $2,839
- Date on market: 2/23/2026
Estimated market value
$364,700
$346,000 - $383,000
$2,185/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/26/2026 | Contingent | $379,000$113/sqft |
Source:  East Mississippi REALTORS® #26-164 Report a problem | ||
| 6/5/2026 | Price change | $379,000-13.7%$113/sqft |
Source: East Mississippi REALTORS® #26-164 Report a problem | ||
| 4/14/2026 | Price change | $439,000-2.2%$130/sqft |
Source: East Mississippi REALTORS® #26-164 Report a problem | ||
| 3/19/2026 | Price change | $449,000-2.2%$133/sqft |
Source: East Mississippi REALTORS® #26-164 Report a problem | ||
| 2/23/2026 | Listed for sale | $459,000$136/sqft |
Source: East Mississippi REALTORS® #26-164 Report a problem | ||
| 10/17/1994 | Sold | -- |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,127 0% | $30,486 +16.3% |
| 2023 | $2,127 +0.1% | $26,212 |
| 2022 | $2,125 +1% | $26,212 |
| 2021 | $2,103 +3.5% | $26,212 |
| 2020 | $2,031 +0% | $26,212 +3.1% |
| 2019 | $2,031 +1.1% | $25,420 |
| 2017 | $2,010 | $25,420 -90% |
| 2016 | -- | $254,200 +2% |
| 2015 | $1,940 | $249,170 |
| 2014 | $1,940 | $249,170 |
| 2013 | -- | $249,170 |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 39364
Nearby schools
GreatSchools rating
- 7/10Northeast Lauderdale Elementary SchoolGrades: PK-4Distance: 4.6 mi
- 3/10Northeast Lauderdale Middle SchoolGrades: 5-8Distance: 5.1 mi
- 7/10Northeast Lauderdale High SchoolGrades: 9-12Distance: 4.8 mi
- $242,9003 bd1 ba2.1k sqft5470 Rainbow Pkwy, Toomsuba, MS 39364Off Market
- $274,200-- bd2 ba2.7k sqft5354 Rainbow Pkwy, Toomsuba, MS 39364Off Market
- $220,2004 bd2 ba-- sqft5473 Rainbow Pkwy, Toomsuba, MS 39364Off Market
- $349,6004 bd1 ba3k sqft5481 Rainbow Pkwy, Toomsuba, MS 39364Off Market
- $272,4003 bd3 ba3.6k sqft5387 Rainbow Pkwy, Toomsuba, MS 39364Off Market
- $395,400-- bd1 ba3.3k sqft5326 Rainbow Pkwy, Toomsuba, MS 39364Off Market
- $292,7003 bd3 ba1.9k sqft5335 Rainbow Pkwy, Toomsuba, MS 39364Off Market
- $249,7003 bd2 ba1.8k sqft5405 Rainbow Pkwy, Toomsuba, MS 39364Off Market
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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