NOT LISTED FOR SALE

1188 Rainbow Dr Naples, FL 34104

East Naples Neighborhood

Estimated Value: $922,000 - $1,247,369

3 Beds
3 Baths
2,117 Sq Ft
$518/Sq Ft Est. Value

Last Sold October 30, 2020

Last sale price $587,000 $277 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $6,550/month

723 Days on Market

Highlights

  • Boating
  • Boat Slip
  • Home fronts a canal
  • Naples High School Rated A-
  • Heated In Ground Pool
  • Deck

About This Home

As of October 2020

This totally remodeled waterfront home is one of the best values in Naples. Close to the downtown area. Short boat ride to Naples Bay. Three bedrooms three full baths. With plenty of living area over 2100/sqft. New roof in 2019, all new A/C system including duct work, new pool heater, you name it, it's new. This is a must see!

Last Agent to Sell the Property

Debbi McDermott

Premier Sotheby's Int'l Realty Listed on: 10/08/2018

Premier Sotheby's Int'l Realty

Last Buyer's Agent

Karl Faerber

William Raveis Real Estate

William Raveis Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,504

Year Built

  • Built in 1962

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions: 60
  • Home fronts a canal
  • West Facing Home
  • Fenced
  • Paved or Partially Paved Lot

Parking

  • Deeded Parking

Home Design

  • Entry on the 1st floor
  • Concrete Block With Brick
  • Wood Frame Construction
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,117 Sq Ft Home
  • 1-Story Property
  • Bar
  • Single Hung Windows
  • Sliding Windows
  • Great Room
  • Formal Dining Room
  • Den
  • Sun or Florida Room
  • Canal Views
  • Fire and Smoke Detector

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Shower Only

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Heated In Ground Pool
  • Fixed Bridges
  • Boat Slip
  • Deck
  • Patio

Schools

  • Shadowlawn Elementary School
  • East Naples Middle School
  • Naples High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • Boating
  • Gulf Boat Access

Listing and Financial Details

  • Assessor Parcel Number 69040200005

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,504

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Legal Description: RAINBOW COVE LOT 5 OR 1895 PG 1711
  • Property Type: Residential
  • Table: Residential
  • Street View Param: 1$26.14231$-81.77912000000003$42.01$13.33$1.00$PWrEm4D9_btR4PiWYR5fAQ
  • Building Design: Single Family
  • Building Description: 1 Story/Ranch
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Furnished Description: Unfurnished
  • Num Unit Floor: 1
  • Price Per Sq Ft: 277.28
  • Total Floors: 1
  • Additional Rooms: Florida Room, Laundry in Residence, Den/Study
  • Estimated Living Area: 2117
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Bedroom Description: Master BR Ground
  • Bedrooms: 3 Bed
  • Total Bedrooms: 3
  • Dining Room: Formal
  • Equipment: Dishwasher, Disposal, Dryer, Microwave, Range, Smoke Detector, Washer
  • Flooring: Tile, Wood
  • Floor Plan: Great Room
  • Interior Amenities: Bar, Cable Prewire, Smoke Detectors, Walk-In Closet, Window Coverings
  • Kitchen: Island
  • Primary Bathroom: Shower Only
  • Windows: Single Hung, Sliding

Exterior Features

  • Gulf Access: Yes
  • Private Pool: Yes
  • Private Spa: No
  • Roof: Shingle
  • Canal Width: Canal Width 31-80
  • Construction: Concrete Block, Wood Frame
  • Gulf Access Type: Bridge(s)/Water Indirect
  • Boat Access: Boat Slip
  • Irrigation: Central
  • Road: Paved Road, Public Road
  • View: Canal
  • Exterior Features: Deck, Fence, Patio
  • Exterior Finish: Stucco
  • Private Pool Type: Below Ground, Heated Electric
  • Waterfront Type: Canal

Utilities

  • Cable Available: Yes
  • Cooling: Central Electric
  • Heat: Central Electric
  • Sewer: Central
  • Water: Central

Condo/Co-op/Association

  • Mandatory HOA: No
  • Restrictions: Deeded
  • Sub Condo Name: BROOKSIDE

Association/Amenities

  • Pets: No Approval Needed
  • Development: Brookside
  • Community Type: Boating
  • Units In Building: 1
  • Total Number of Units: 1

Schools

  • Elementary School: Shadowlawn Elementary School
  • High School: Naples High School
  • Middle School: East Naples Middle School

Lot Info

  • Builder Product: No
  • Section: 2
  • Total Area: 2419
  • Waterfront: Yes
  • Acres: 0.1800
  • Rear Exposure: West
  • Lot Description: Irregular Shape
  • Lot Dimensions: 60 X 143 X 100 X 78
  • Parcel Number: 69040200005

Rental Info

  • Lease Limits: No

Tax Info

  • Tax Description: City And County
  • Taxes: 3503.84

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2018
Closed on
Oct 30, 2020
Sold by
1188 Rainbow Llc
Bought by
Workinger Cicely Sage
Seller's Agent
Debbi McDermott
Premier Sotheby's Int'l Realty
Buyer's Agent
Karl Faerber
William Raveis Real Estate
List Price
$649,500
Sold Price
$587,000
Premium/Discount to List
-$62,500
-9.62%
Current Estimated Value
$1,097,592

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$510,592
Avg. Annual Appreciation
12.76%
Original Mortgage
$498,950
Outstanding Balance
$444,791
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$652,801

Purchase Details

Listed on
Sep 18, 2016
Closed on
Nov 7, 2016
Sold by
Syedin Vladimir
Bought by
1188 Rai9nbow Llc
Seller's Agent
Igor Krylov
Platinum 1 Realty
Buyer's Agent
Debbi McDermott
Premier Sotheby's Int'l Realty
List Price
$378,900
Sold Price
$365,000
Premium/Discount to List
-$13,900
-3.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.78%

Purchase Details

Listed on
Jul 14, 2014
Closed on
Aug 7, 2014
Sold by
Thomas Robert E and Thomas Nadine M
Bought by
Syedin Vladimir
Seller's Agent
Denise DeGemmis
Naples Move Managers
Buyer's Agent
Igor Krylov
Platinum 1 Realty
List Price
$239,000
Sold Price
$239,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.41%

Purchase Details

Closed on
Dec 10, 1993
Sold by
Cretella E G and Cretella Janet I
Bought by
Thomas Robert E and Thomas Nadine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,850
Interest Rate
7.14%
Mortgage Type
VA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Workinger Cicely Sage $587,000 Attorney
1188 Rai9nbow Llc $365,000 None Available
Syedin Vladimir $239,000 Attorney
Thomas Robert E $147,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Workinger Cicely Sage $498,950
Previous Owner Thomas Robert E $150,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/30/2020 10/30/20 Sold $587,000 -6.7% $277 / Sq Ft
09/30/2020 09/30/20 Pending -- -- --
09/18/2020 09/18/20 Price Changed $629,000 -3.2% $297 / Sq Ft
09/09/2020 09/09/20 For Sale $649,500 +10.6% $307 / Sq Ft
08/26/2020 08/26/20 Off Market $587,000 -- --
08/01/2020 08/01/20 For Sale $649,500 0.0% $307 / Sq Ft
07/24/2020 07/24/20 Pending -- -- --
04/17/2020 04/17/20 For Sale $649,500 +10.6% $307 / Sq Ft
02/23/2020 02/23/20 Off Market $587,000 -- --
01/16/2020 01/16/20 For Sale $649,500 +10.6% $307 / Sq Ft
12/13/2019 12/13/19 Off Market $587,000 -- --
03/12/2019 03/12/19 Price Changed $649,500 +3.3% $307 / Sq Ft
10/08/2018 10/08/18 For Sale $629,000 +72.3% $297 / Sq Ft
11/18/2016 11/18/16 Sold $365,000 -3.7% $151 / Sq Ft View Prior Sale
10/10/2016 10/10/16 Pending -- -- --
09/18/2016 09/18/16 For Sale $378,900 +58.5% $157 / Sq Ft
08/07/2014 08/07/14 Sold $239,000 0.0% $131 / Sq Ft View Prior Sale
07/18/2014 07/18/14 Pending -- -- --
07/14/2014 07/14/14 For Sale $239,000 -- $131 / Sq Ft
Source: Naples Area Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,726 $332,541 -- --
2024 $8,918 $590,374 -- --
2023 $8,918 $536,704 $0 $0
2022 $7,336 $487,913 $0 $0
2021 $5,291 $443,557 $214,899 $228,658
2020 $3,862 $317,379 $0 $0
2019 $3,504 $288,526 $168,243 $120,283
2018 $3,809 $316,223 $166,680 $149,543
2017 $3,852 $318,001 $166,680 $151,321
2016 $3,292 $267,532 $0 $0
2015 $3,027 $243,211 $0 $0
2014 $1,578 $106,495 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Debbi McDermott

    Seller's Agent in 2020

    Debbi McDermott

    Premier Sotheby's Int'l Realty

    (239) 564-4231

    3 in this area

    29 Total Sales

    Debbi McDermott
    Section Image
  • Karl Faerber

    Buyer's Agent in 2020

    Karl Faerber

    William Raveis Real Estate

    (239) 248-1961

    9 in this area

    41 Total Sales

    Karl Faerber
    Section Image
  • Igor Krylov

    Seller's Agent in 2016

    Igor Krylov

    Platinum 1 Realty

    (239) 961-2335

    1 in this area

    25 Total Sales

    Igor Krylov
    Section Image

  • D

    Seller's Agent in 2014

    Denise DeGemmis

    Naples Move Managers

    Section Image
See All Agents

Map

Source: Naples Area Board of REALTORS®

MLS Number: 219018770

Naples Area Board of REALTORS®

APN: 69040200005

Florida Collier County Naples 34104 East Naples

1188 Rainbow Dr, Naples, FL

Not Listed for Sale

Detached

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Naples Area Board of REALTORS® The source of this real property information is the copyrighted and proprietary database compilation of the M.L.S. of Naples, Inc. Copyright 2025 M.L.S. of Naples, Inc. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.

Nearby Homes