NOT LISTED FOR SALE

16479 Rainbow Meadows Ct Fort Myers, FL 33908

Estimated Value: $1,204,000 - $1,791,617

4 Beds
6 Baths
5,278 Sq Ft
$288/Sq Ft Est. Value

Last Sold July 11, 2019

Last sale price $728,000 $138 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $9,155/month

152 Days on Market

Highlights

  • In Ground Pool
  • Marble Flooring
  • Corner Lot
  • Fort Myers High School Rated A
  • Main Floor Bedroom
  • High Ceiling

About This Home

As of July 2019

Rare one-of-a-kind finisher upper opportunity! This impressive resort style Arthur Rutenburg home is situated prominently on a 2+ Acre corner parcel in sought after Rainbow Farms. Ideally located just minutes from Health Park Medical Center, Sanibel Island and Fort Myers Beach. The selective buyer will recognize the advantages of finding this diamond-in-the-rough. Bring your designer and make this home your own!

Last Agent to Sell the Property

Eric Pfeifer

Pfeifer Realty Group LLC License #280522587 Listed on: 01/09/2019

Co-Listed By

Gregory Demaras

Pfeifer Realty Group LLC License #609012710

Last Buyer's Agent

Shawn Cowan

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,065

Year Built

  • Built in 1989

Lot Details

  • 2.1 Acre Lot
  • West Facing Home
  • Corner Lot
  • Property is zoned AG-2

Parking

  • 5 Car Attached Garage
  • Circular Driveway

Home Design

  • Entry on the 1st floor
  • Shingle Roof
  • Stucco

Interior Spaces

  • 5,278 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Sliding Windows
  • Entrance Foyer
  • Combination Dining and Living Room
  • Marble Flooring
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Split Bedroom Floorplan

Pool

  • In Ground Pool
  • In Ground Spa

Outdoor Features

  • Outdoor Water Feature

Schools

  • School Choice Elementary And Middle School
  • School Choice High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Septic Tank

Community Details

  • No Home Owners Association
  • Rainbow Farms Subdivision

Listing and Financial Details

  • Tax Lot 22
  • Assessor Parcel Number 04-46-24-01-00000.0220

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,065

Year Built

Built in 1989

Lot Details

0

Parking

5

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.1
  • Road Surface Type: Paved
  • Co List Office Mls Id: PRG
  • Co List Office Phone: (239) 472-0004
  • Ownership: Single Family
  • Subdivision Name: RAINBOW FARMS
  • Directions: From Summerlin head South on Bass Road and Turn Left on Ligon Ct, home is at the intersection of Ligon and Rainbow Meadows Ct.
  • Architectural Style: Two Story
  • Carport Y N: No
  • Entry Level: 1
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1989
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Furnished: Unfurnished
  • Spa Features: In Ground
  • Private Spa: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Flooring: Marble
  • Interior Amenities: Bedroom on Main Level, Entrance Foyer, Eat-in Kitchen, High Ceilings, Living/Dining Room, See Remarks, Split Bedrooms
  • Living Area: 5278.0
  • Stories: 2
  • Window Features: Sliding
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: Corner Lot
  • Pool Features: In Ground
  • Pool Private: Yes
  • View: Landscaped
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: West
  • Exterior Features: Room For Pool, Water Feature
  • Property Condition: Resale
  • Roof: Shingle

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 5.0
  • Garage Spaces: 5.0
  • Parking Features: Attached, Circular Driveway, Garage

Utilities

  • Security: None
  • Cooling: Central Air, Electric, Zoned
  • Cooling Y N: Yes
  • Heating: Central, Electric, Zoned
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Amenities: None
  • Association: No
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: SCHOOL CHOICE
  • High School: SCHOOL CHOICE
  • Middle Or Junior School: SCHOOL CHOICE

Lot Info

  • Parcel #: 04-46-24-01-00000.0220
  • Zoning Description: AG-2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 16065.0
  • Tax Lot: 22
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2019
Closed on
Jul 11, 2019
Sold by
International Cap Investment Co Iii Ll
Bought by
Cowan Allen B and Tilson Asenath
Seller's Agent
Eric Pfeifer
Pfeifer Realty Group LLC
Buyer's Agent
Shawn Cowan
List Price
$895,000
Sold Price
$728,000
Premium/Discount to List
-$167,000
-18.66%
Current Estimated Value
$1,520,904

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$792,904
Avg. Annual Appreciation
12.47%

Purchase Details

Listed on
Mar 7, 2016
Closed on
Jul 5, 2016
Sold by
Reidy Michael and Reidy Charles D
Bought by
International Capital Investment Compan
Seller's Agent
Robin Suslick
Premiere Plus Realty Company
Buyer's Agent
Robin Suslick
List Price
$649,000
Sold Price
$617,000
Premium/Discount to List
-$32,000
-4.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.61%

Purchase Details

Listed on
Mar 7, 2016
Closed on
Jun 28, 2016
Sold by
Reidy Michele R and Reidy Kelley M
Bought by
International Capital Investment Co Iii
Seller's Agent
Robin Suslick
Premiere Plus Realty Company
Buyer's Agent
Robin Suslick
List Price
$649,000
Sold Price
$617,000
Premium/Discount to List
-$32,000
-4.93%

Purchase Details

Closed on
Dec 9, 2013
Sold by
Reidy Charles and Reidy Patricia
Bought by
Reidy Charles D and Reidy Michele

Purchase Details

Closed on
Nov 16, 2011
Sold by
Reidy Charles D and Reidy Patricia A
Bought by
Reidy Charles D and Reidy Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$795,000
Interest Rate
4.02%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Nov 20, 2002
Sold by
Reidy Charles D and Reidy Patricia A
Bought by
Reidy Charles D

Purchase Details

Closed on
Jul 31, 1998
Sold by
Hooper James W and Hooper Gloria A
Bought by
Reidy Charles D and Reidy Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.96%

Purchase Details

Closed on
Aug 30, 1996
Sold by
Worthington Com Inc
Bought by
Hooper James W and Hooper Gloria A

Purchase Details

Closed on
Mar 29, 1996
Sold by
Mcgovern F Joseph and Mcgovern Joyce F
Bought by
Hooper James W and Hooper Gloria A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.9%
Source: Public Records

Range of Values:

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List Price
Sold Price
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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
Cowan Allen B $728,000 Cape Coral Ttl Ins Agcy Inc
International Capital Investment Compan $617,000 Security Title & Abstract Ll
International Capital Investment Co Iii -- Security Title & Abstract Ll
Reidy Charles D -- None Available
Reidy Charles D -- Florida Estates Title Llc
Reidy Charles D -- --
Reidy Charles D $475,000 --
Hooper James W $141,000 --
Hooper James W $440,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reidy Charles D $795,000
Previous Owner Reidy Charles D $220,000
Previous Owner Hooper James W $350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/11/2019 07/11/19 Sold $728,000 -18.7% $138 / Sq Ft
06/11/2019 06/11/19 Pending -- -- --
01/09/2019 01/09/19 For Sale $895,000 +45.1% $170 / Sq Ft
07/01/2016 07/01/16 Sold $617,000 -4.9% $111 / Sq Ft View Prior Sale
06/01/2016 06/01/16 Pending -- -- --
03/07/2016 03/07/16 For Sale $649,000 -- $116 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

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 $13,004 $1,015,699 -- --
2024 $12,778 $987,074 -- --
2023 $12,778 $958,324 $0 $0
2022 $12,632 $930,412 $0 $0
2021 $12,622 $1,009,646 $172,215 $837,431
2020 $18,818 $1,286,255 $164,556 $1,121,699
2019 $13,966 $940,491 $159,985 $780,506
2018 $16,393 $1,256,198 $137,130 $1,119,068
2017 $13,445 $863,859 $100,562 $763,297
2016 $14,634 $921,565 $103,638 $817,927
2015 $16,795 $1,032,204 $97,079 $935,125
2014 $9,710 $975,799 $92,480 $883,319
2013 -- $749,903 $70,908 $678,995
Source: Public Records

Agents Affiliated with this Home

  • Eric Pfeifer

    Seller's Agent in 2019

    Eric Pfeifer

    Pfeifer Realty Group LLC

    (239) 472-0004

    919 Total Sales

    Eric Pfeifer
    Section Image
  • Gregory Demaras

    Seller Co-Listing Agent in 2019

    Gregory Demaras

    Pfeifer Realty Group LLC

    (917) 837-7009

    102 Total Sales

    Gregory Demaras
    Section Image

  • S

    Buyer's Agent in 2019

    Shawn Cowan

  • Robin Suslick

    Seller's Agent in 2016

    Robin Suslick

    Premiere Plus Realty Company

    (239) 233-2663

    6 Total Sales

    Robin Suslick
    Section Image
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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 219002770

Florida Gulf Coast Multiple Listing Service

APN: 04-46-24-01-00000.0220

Florida Lee County Fort Myers 33908

16479 Rainbow Meadows Ct, Fort Myers, FL

This home is located at 16479 Rainbow Meadows Ct, Fort Myers, FL 33908 since 09 January 2019 and is currently estimated at $1,520,904, approximately $288 per square foot. This property was built in 1989. 16479 Rainbow Meadows Ct is a home located in Lee County with nearby schools including Allen Park Elementary School, Edison Park Creative & Expressive Arts School, and Bonita Springs Elementary School.

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Florida Gulf Coast Multiple Listing Service The information is being provided by Southwest Florida Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 Southwest Florida Multiple Listing Service. All Rights Reserved

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