$2,235,000
SOLD JUN 30, 2025

17076 Rainbow Falls Trail Boca Raton, FL 33496

Lotus Neighborhood
5 Beds
5.5 Baths
4,926 Sq Ft
7,889 Sq Ft Lot

Recently Sold

$454 Per Sq Ft

6% Below List Price

61 Days on Market

Highlights

  • Lake Front
  • Gated Community
  • Wood Flooring
  • Whispering Pines Elementary School Rated A-
  • Clubhouse
  • High Ceiling

About This Home

As of June 2025

Experience luxury living in the sought-after Lotus community in Boca Raton. This stunning lakefront Sumatra model features over $400K in upgrades, 5 ensuite bedrooms (including a first-floor primary suite), a custom office, and a media room. The chef's kitchen boasts Miele appliances, a 48'' flush fridge/freezer, and sleek cooktop. Enjoy smart home features, whole-house generator, water filtration, custom closets, electric shades, contemporary lighting throughout and so much more. The private backyard oasis offers turf, a putting green, lush landscaping, and a covered lanai with phantom screens. Resort-style amenities include a clubhouse, restaurant, fitness center, sports complex, tennis, and pickleball. Seller offering a closing credit toward buyer's closing costs based on purchase price

Last Agent to Sell the Property

Andrew DiDomenico

Compass Florida LLC License #3465185 Listed on: 04/09/2025

Compass Florida LLC

Last Buyer's Agent

Eric Beane

Keller Williams Dedicated Prof License #3337006

Keller Williams Dedicated Prof

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,296

Year Built

  • Built in 2022

Lot Details

  • 7,889 Sq Ft Lot
  • Lake Front
  • Property is zoned AGR-PU

HOA Fees

  • $652 Monthly HOA Fees

Parking

  • 3 Car Garage

Interior Spaces

  • 4,926 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Dryer

Kitchen

  • Cooktop
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Separate Shower in Primary Bathroom

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • Water Softener is Owned

Listing and Financial Details

  • Assessor Parcel Number 00424632100007140
  • Seller Considering Concessions

Community Details

Overview

  • Lotus Subdivision

Amenities

  • Clubhouse
  • Business Center

Recreation

  • Tennis Courts
  • Community Basketball Court
  • Pickleball Courts
  • Community Pool

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,296

Year Built

Built in 2022

Lot Details

0

HOA Fees

$652 per month

Parking

3

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Year Built: 2022
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: High Ceilings, Separate Shower, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Cooktop, Dryer, Dishwasher, Gas Water Heater, Refrigerator, Water Softener Owned
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Flooring: Ceramic Tile, Hardwood, Wood
  • Living Area: 4926.0
  • Stories: 2

Exterior Features

  • Lot Features: < 1/4 Acre
  • Pool Features: None, Association, Community
  • Pool Private: No
  • Waterfront Features: Lake Front
  • Waterfront: Yes
  • Construction Type: Block
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 3.0
  • Garage Spaces: 3.0
  • Garage Yn: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electricity Available, Natural Gas Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 652.0
  • Community Features: Clubhouse, Gated, Pickleball, Pool, Tennis Court(s)
  • Senior Community: No
  • Amenities: Basketball Court, Business Center, Clubhouse, Pickleball, Pool, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 00424632100007140
  • Lot Size: < 1/4 Acre
  • Lot Size Sq Ft: 7889.0
  • Zoning Description: AGR-PU

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 22296.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2025
Closed on
Jun 30, 2025
Sold by
Ramakrishnan Ravi and Ramakrishnan 2019 Trust
Bought by
Bass Justin and Bass Lauren
Seller's Agent
Andrew DiDomenico
Compass Florida LLC
Buyer's Agent
Eric Beane
Keller Williams Dedicated Prof
List Price
$2,385,000
Sold Price
$2,235,000
Premium/Discount to List
-$150,000
-6.29%
Views
49

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.37%
Original Mortgage
$2,000,000
Outstanding Balance
$1,996,640
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$287,419

Purchase Details

Closed on
Jun 24, 2022
Sold by
Boca Raton Associates Viii Lllp
Bought by
Ramakrishnan 2019 Trust
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $2,235,000 Gold Coast Title
Warranty Deed $2,235,000 Gold Coast Title
Special Warranty Deed $1,314,330 Nova Title
Special Warranty Deed $1,314,330 Nova Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,000,000 New Conventional
Closed $2,000,000 New Conventional
Previous Owner $240,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2025 06/30/25 Sold $2,235,000 -6.3% $454 / Sq Ft
06/17/2025 06/17/25 Pending -- -- --
04/17/2025 04/17/25 For Sale $2,385,000 -- $484 / Sq Ft
Source: BeachesMLS

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
2024 $22,296 $1,382,692 -- --
2023 $21,814 $1,342,419 $328,625 $1,013,794
2022 $3,231 $157,300 $0 $0
2021 $2,533 $143,000 $143,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R11079971

BeachesMLS

APN: 00-42-46-32-10-000-7140