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White City 34981 White City
2860 Rainbow Drive
$285,000
● House - Off Market

2860 Rainbow Drive

Fort Pierce, FL 34981
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,832 Ft²
$295,152
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

DISCOVER THIS QUAINT WHITE CITY NEIGHBORHOOD. THIS 3/2 CBS BUNGALOW OFFERS A FLEX ROOM THAT CAN BE UTILIZED AS AN OFFICE OR 4TH BEDROOM.  PERFECT STARTER HOME SITUATED ON AN OVERSIZED 0.35 ACRE LOT ON A PRIVATE CUL-DE-SAC ST. WITHIN CLOSE PROXIMITY TO BEACHES, 95, SHOPPING & LESS THAN 2 MILES OF WHITE CITY PARK. THE PARK OFFERS A BOAT RAMP, KAYAK LAUNCH, PARK & BBQ PAVILIONS. THE EXPANSIVE MASTER HAS A SITTING AREA THAT CAN BE UTILIZED AS A NURSERY, OFFICE OR SITTING AREA. HOME UPGRADES INCLUDE NEWER A/C'S (2019 & 2014), NEW ELECTRICAL PANEL, WATER SOFTENER, LARGE BACK YARD, COUNTY TAXES, NEWLY RENOVATED SPARE BATH, LUXURY VINYL FLOORING & CITY WATER IS COMING NEXT MONTH!! DON'T MISS OUT ON THIS OPPORTUNITY, SCHEDULE YOUR SHOWING TODAY.
Unit Size
1,832 Ft²
Days on Market
50 days
Land Size
0.35 acres
Price per sqft
$142
Property Type
House
Property Taxes
$25
HOA Dues
-
Year Built
1972

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 months ago (Beaches MLS #R10732231)

Price History

Date / Event Date Event Price
Sep 13, 2021 Sold
Premium
Sold
Jul 19, 2021 Listed by Branca Realty Professionals, LLC $260,000
Listed by Branca Realty Professionals, LLC
Sep 20, 2017 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 55
  • Porch Type: 112
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,246
  • Total Building Area: 1,832
  • Gross Building Area: 2,240
  • Building Area: 1,832
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,832
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: METES AND BOUNDS
  • Land Acres: 0000000350
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 0100
  • Legal Description 1: 5 36 40 FROM NE COR OF N 375 FT OF S 1/2 OF NE 1/4 OF SE 1/4 RUN W 1093.4 FT TO POB, TH CONT W 100FT, TH S162.50 FT, TH E 100 FT, TH N 162.50 FT TO POB-LESS THAT PART LYG N OF COMMON BOUNDARY AS ESTABLISHED BY BDRY ADJUSTMENT IN OR 232-433- (25) (0.3

Neighborhood

  • School District Name: St. Lucie County School District
  • Census Tract: 381508

Zoning

  • Zoning: RS-3 - COU

Geography

  • Assessors Map Reference: 34/05S
  • Account Number: 40011
  • Parcel: 3405-413-0005-000-5
  • Lot: 16
  • Meridian: SEC 05 TWN 36S RNG 40E
  • Municipality: SAINT LUCIE COUNTY
  • Latitude: 27.3721
  • Longitude: -80.3539

    Address

  • Full Address: 2860 Rainbow Dr
  • Address - House Number: 2860
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Fort Pierce
  • Carrier Code: R004
  • 4-Digit Zip Code: 4983
  • Zip Code: 34981

Valuation

    Tax

  • Total Area: 1,832
  • Tax Year: 2023
  • Tax Amount: $570,928
  • Tax Rate Code Area: 0002

    Appraisal Valuation

  • Standard Deviation: 0.1588
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 80
  • Final Value: 353,449
  • High Value: 409,601
  • Low Value: 297,297

    Market Valuation

  • Market Total Value: $270,300
  • Market Land Value: $120,700
  • Market Improvement Value: $149,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $270,300
  • Assessed Land Value: $120,700
  • Assessed Improvements Value: $149,600

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 09, 2021
  • Current Sale Recording Date: Sep 13, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4921854
  • Previous Sale Recording Date: Sep 20, 2017
  • Previous Sale Contract Date: Aug 30, 2017
  • Previous Sale Amount: $47,900
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About White City

Stats & Trends

Median Asking:

$339,000

Sale Price/ft²

$202

Below Asking

0.03%

Average Days on Market

75

Average Home Size

2348 ft²

Average Home Age

35.6 years

Currently For Sale

39 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

Unit for rent at 4220 Sunrise Boulevard, Fort Pierce, FL, 34982

$10,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,870 ft²
4220 Sunrise Boulevard, Fort Pierce, FL, 34982 Listing by Jeffrey Germano
Unit for rent at 2529 Rainbow Drive, Fort Pierce, FL, 34981

$2,500 /mo

  • 4 Beds
  • 2 Baths
  • 1,338 ft²
2529 Rainbow Drive, Fort Pierce, FL, 34981 Listing by Lindsay Maldonado
Unit for rent at 6446 Nw Polly Court, Port St. Lucie, FL, 34983

$2,650 /mo

  • 4 Beds
  • 2 Baths
  • 2,132 ft²
6446 Nw Polly Court, Port St. Lucie, FL, 34983 Listing by David Harrison

Rentals Near You

Click here to view more rentals in the neighborhood.
BEACHES

Listed by: Ashley Dodge
Branca Realty Professionals, LLC
Last Updated: 3 months ago
Data Source: Beaches MLS, MLS# R10732231
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.

Frequently Asked Questions

When was property at 2860 Rainbow Drive built and last sold?
The property at 2860 Rainbow Drive was built in 1972 and last sold on Sep 9, 2021 for $285,000.
How much is this home worth?
The estimated value of the home located at 2860 Rainbow Drive is $271,841.
What are some comparable homes to 2860 Rainbow Drive?
There are currently no comparable homes to 2860 Rainbow Drive.
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