When was property at 115 Rainbow Drive built and last sold?

The property at 115 Rainbow Drive was built in 1955 and last sold on Mar 7, 2022 for $192,500.

How much is this home worth?

The estimated value of the home located at 115 Rainbow Drive is $376,708.

What are some comparable homes to 115 Rainbow Drive?

There are currently no comparable homes to 115 Rainbow Drive.

Fort Walton Beach

32548

Northwest

115 NW Rainbow Drive

$192,500

● House - Off Market

115 NW Rainbow Drive

Fort Walton Beach, FL 32548

3 Beds

1 Bath

$195,655

RealtyHop Estimate

2.98%

Since Apr 1, 2022

National-US

Primary Model

About This Property

LOCATION, LOCATION, LOCATION! Are you in pursuit of a pristine & affordable home in a safe, family neighborhood? This cottage style home is situated on a huge lot with mature landscaping. Inside are new windows, brand new kitchen appliances and original parquet wood flooring throughout. Located in the heart of Fort Walton Beach in the tranquil neighborhood of Bel-Air with schools, shopping, dining, and the white sandy beaches nearby! Ideal as a starter home, an income producing property or retirement residence!

Unit Size

Days on Market

31 days

Land Size

Price per sqft

Property Type

House

Property Taxes

$127

HOA Dues

Year Built

1955

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Cap Rate Calculator

Last updated: 2 years ago (ECAR #890667)

Price History

Date / Event	Date	Event
Apr 1, 2025	Sold	Premium
Sold
Mar 1, 2025	In contract	-
In contract
Jan 22, 2025	Price Decreased	$374,900 ↓ $100 (0%)
Price Decreased
Jan 3, 2025	Listed by LPT Realty LLC	$375,000
Listed by LPT Realty LLC

	Window blinds, closet shelves, painted porch, and so much more just updated. CHECK THIS OUT!! This stunning property has been completely renovated from top to bottom with high-quality materials and impeccable craftsmanship. IT'S PRACTICALLY A BRAND NEW HOME! Nothing was left untouched in this amazing transformation, from the new roof, HVAC system, water heater, hurricane windows, to the new flooring, paint, fixtures, appliances, etc. You will love the spacious and open floor plan, featuring a gorgeous kitchen with granite countertops, stainless steel appliances, and a large island. The master suite offers a walk-in closet and a spa-like bathroom with a walk-in shower. The backyard is perfect for entertaining, with a new patio and a privacy fence. Effective date of home: 2010
Feb 7, 2024	No longer available	-
No longer available
Sep 14, 2023	Price Decreased	$410,000 ↓ $5K (1.2%)
Price Decreased
Aug 5, 2023	Listed by Dream Team Realty of NW Florida, LLC	$415,000
Listed by Dream Team Realty of NW Florida, LLC

	THIS BEAUTIFUL!!* MOVE IN READY* 3 Bedroom, 2 Full Bath 1,548 sq. ft. Home is a Must see!!! Newly Remodeled top to Bottom. Walking in the front door you will find an open floor plan with vaulted ceilings that encompasses the living room, kitchen and dining area. Living room has the option of wall cable for the TV on two different walls for TV mounting flexibility. Kitchen Features all New Kitchen Cabinets, Granite Countertops, Breakfast bar and all Brand-New- Appliancess. Laundry Room has space for extra storage. New roof, New A/C unit, all New Windows, New Doors inside and out, New Hot water heater and a new mini-split A/C in MB. This home has all new Plumbing. New bath fixtures, New electrical,floors and baseboards are new throuout. All Bedrooms have ceiling fans and walk-in The manager has listed the unit size as 1548 square feet.
Mar 11, 2022	Sold	Premium
Sold
Feb 7, 2022	Listed by Emerald Coast Properties Inc	$190,000
Listed by Emerald Coast Properties Inc
Jun 15, 2020	No longer available	-
No longer available
May 23, 2020	Relisted	$160,550
Relisted
May 19, 2020	No longer available	-
No longer available
Apr 11, 2020	Relisted	$160,550
Relisted
Apr 7, 2020	No longer available	-
No longer available
Mar 8, 2020	Listed	$160,550
Listed

	BACK ON THE MARKET! LOCATION IS EVERYTHING! Are you looking for a beautiful and affordable home? WELL HERE IT IS! This property is situated right in the heart of Fort Walton Beach in the tranquil neighborhood of Bel-Air. This adorable little cottage home has been a source of SHORT-TERM RENTAL income for the past 9 months! Now, the owners are ready to move up, which means an opportunity for YOU! This home boasts of original parquet wood flooring throughout, fully-matured trees throughout the neighborhood and a PERFECT LOCATION for shopping, dining, hitting the beach and so much more! This is your golden opportunity! DON'T MISS OUT The manager has listed the unit size as 950 square feet.
Jul 5, 2019	No longer available	-
No longer available
Jun 4, 2019	Listed	$149,000
Listed

	This is a three bedroom/one bath home in the perfect location. Hardwood floors throughout, with tile in kitchen and bathroom. There are ceiling fans in all the bedrooms and living area. Kitchen has all white appliances and maple cabinetry. Sellers will provide a NEW fridge with an accepted offer and you can keep the current one as a spare! HUGE fenced yard is perfect if you have pets. Updated AC/Heater and hot water heater make this home low maintenance and stress free! Located down the street from Bruner Middle School and just a few blocks from FWB High and Edwins Elementary. Location is hard to beat in this great subdivision in FWB. The manager has listed the unit size as 950 square feet.
Mar 31, 2006	Sold	Premium
Sold
May 25, 2004	Sold	Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

General

Year Built: 1955

Effective Year Built: 1955
Building Count: 1
Bedroom Count: 3
Bathroom Count: 1
Full Bathrooms: 1
Partial Bathrooms: 1
Building Condition: 0
Building Quality: 7
Construction Type: 0
Building Style: 0
Exterior Walls Type: 19
Interior Walls Type: 3
Roof Shape Type: 7
Roof Cover Type: 3
Floor Count: 100
Living Units: 1
Floor Cover: 13
Basement Type: 0
Basement Area: 0
Garage Type: 3
Garage Square Area: 143
Parking Space Count: 0
Patio Type: 59
Porch Type: 125
Pool Type: 0

Dimensions

Lot Size Square Feet: 8,996

Lot Size Frontage Feet: 750
Total Building Area: 1,295
Gross Building Area: 1,295
Building Area: 950
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 13

Heating: 4
Heated Square Feet: 950
Heating Fuel Type: 3

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: BEL-AIR S/D
Land Acres: 0000000207
Standard Land Use Code: 1001
County Land Use Code: 000100
State Land Use Code: 001
Legal Description 1: BEL-AIR S/D LOT 30 BLK 4

Neighborhood

School District Name: Okaloosa County School District

Census Tract: 022500

Geography

Assessors Map Reference: 52

Parcel: 11-2S-24-0200-0004-0300
Block: 4
Lot: 30
Meridian: SEC 11 TWN 02S RNG 24W
Municipality: FORT WALTON BEACH
Latitude: 30.4215
Longitude: -86.618

Address

Full Address: 115 Rainbow Dr Nw

Address - House Number: 115
Street Segment Direction: NW
Address - Street Name: Rainbow
Address - Suffix Type: Dr
State: FL
City Name: Fort Walton Beach
Carrier Code: C005
4-Digit Zip Code: 4328
Zip Code: 32548

Valuation

Tax

Total Area: 1,100

Tax Year: 2023
Tax Amount: $185,733
Tax Rate Code Area: 004

Appraisal Valuation

Standard Deviation: 0.0808

Valuation Date: Feb 21, 2024
Confidence Score: 94
Final Value: 399,260
High Value: 431,537
Low Value: 366,983

Open Liens

Total Open Liens:

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Market Valuation

Market Total Value: $133,210

Market Land Value: $46,849
Market Improvement Value: $86,361

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $133,210
Assessed Land Value: $46,849
Assessed Improvements Value: $86,361

Sales

Current Sale Contract Date: Mar 07, 2022

Current Sale Recording Date: Mar 11, 2022
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 3533705
Previous Sale Recording Date: Mar 31, 2006
Previous Sale Contract Date: Mar 30, 2006
Previous Sale Amount: $133,000
Previous Sale Document Type: 71

Last Sale Mortgage

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Previous Mortgages

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Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Northwest

Stats & Trends

Median Asking:

$320,000

Sale Price/ft²

$198

Below Asking

0.03%

Average Days on Market

Average Home Size

1641 ft²

Average Home Age

59.4 years

Currently For Sale

28 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Listed by: Howard B Dolgoff, Emerald Coast Properties Inc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 890667

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

115 NW Rainbow Drive

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Geography

Valuation

Comparables

About Northwest

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions