2866 E Rainbow Cir Sarasota, FL 34231
Ridge Wood Heights NeighborhoodEstimated payment $3,884/month
Total Views
3,021
4
Beds
3
Baths
2,010
Sq Ft
$323
Price per Sq Ft
Highlights
- Guest House
- Oak Trees
- Open Floorplan
- Riverview High School Rated A
- 0.49 Acre Lot
- Deck
About This Home
**SPACIOUS SERENITY IN THE HEART OF SARASOTA!** This ENCHANTING .49-ACRE PROPERTY is a RARE investment opportunity where lots of this size in Sarasota — let alone at the END OF A DEAD-END STREET -- are scarce—making it PERFECT PROPERTY FOR SAVVY INVESTORS! Excitingly, the SELLERS ARE CURRENTLY MAKING REPAIRS to IMPROVE and MAINTAIN the quality of the home, including RELINING THE PIPES, ensuring that the property remains in TOP CONDITION for its new owners! Imagine the potential, whether you're looking to GENERATE INCOME, CULTIVATE an ACTIVE URBAN FARM, or BASK in your own TRANQUIL PRIVATE OASIS!
This EXCEPTIONAL 4-BEDROOM, 3-BATH property features a MAIN HOUSE with an ATTACHED 2-CAR GARAGE, PLUS an INCOME-PRODUCING GUEST HOUSE—ideal for creating a lucrative investment! Located just 10 MINUTES from CONVENIENCE STORES, GROCERY STORES, SHOPPING, and the WORLD-FAMOUS SIESTA KEY BEACH, this property is in a PRIME LOCATION that draws steady interest from renters and buyers alike. Step inside the LOVELY MAIN HOME, with 3 BEDROOMS and 2 BATHROOMS, highlighted by a NEW 2025 ROOF and a FRESHLY PAINTED EXTERIOR. Discover a THOUGHTFULLY DESIGNED OPEN FLOOR PLAN centered around an INVITING EAT-IN KITCHEN featuring STUNNING QUARTZ COUNTERTOPS and NEW SMART SAMSUNG APPLIANCES—all controllable from an app on your phone and with warranties for your peace of mind! The touchless exhaust fan and spacious LIVING ROOM flow seamlessly into a GREAT ROOM with a WOOD BURNING FIREPLACE, providing access to a BEAUTIFUL SCREENED-IN PORCH through pocketing sliding doors. The PRIMARY BEDROOM offers a SWEET RETREAT with pocketing sliders leading to the screened-in porch, a NEWLY TILED EN-SUITE BATH with a STANDING SHOWER, and a GENEROUS WALK-IN CLOSET! The second and third bedrooms are equally spacious; one features a walk-in closet and the other boasts its own PRIVATE EXTERIOR ENTRANCE. Plus, the FUNCTIONAL LAUNDRY ROOM INCLUDES A WASHER, DRYER, and AMPLE BUILT-IN STORAGE for all your organizational needs. The VERSATILE 2-CAR GARAGE has a DOOR leading to the main yard and a WINDOW — giving you the ability to add a window unit and air conditions the garage. The DETACHED GUEST HOUSE serves as a fabulous fourth bedroom and third bathroom, boasting a TRACK RECORD OF RENTING FOR $1400/MONTH! This income stream allows you to GENERATE REVENUE from the comfort of home, complete with a SPACIOUS COVERED PATIO that doubles as a CARPORT, wardrobe, portable washing machine, full-size refrigerator, kitchenette, and an OVERSIZED BATHROOM filled with NATURAL LIGHT. Have a TENANT in a separate structure — not a roommate. NATURE LOVERS will be THRILLED, as this property—previously an URBAN FARM—thrives with NATIVE PLANTS GROWN WITHOUT PESTICIDES and boasts MATURE LANDSCAPING, including MAGNIFICENT OAK TREES. Currently flourishing with FRESH VEGETABLES, FRUITS, and a BUSY HIVE of 250,000 BEES producing 42 POUNDS OF HONEY annually, this property is the VERY DEFINITION OF SUSTAINABLE LIVING! Whether you're EAGER to GENERATE INCOME, cultivate your own urban farm, or enhance it with a NEARLY UNLIMITED NUMBER OF OPTIONS, with AMPLE ROOM to ADD A POOL, an OUTDOOR KITCHEN, park your BOAT or RV, or whatever your DREAMS MAY HOLD, the options are vast in this non-HOA community. Don’t miss this opportunity to invest in a property that marries SPACE with LOCATION—your DREAM INVESTMENT AWAITS!
Listing Agent
MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-951-6660 License #3510160 Listed on: 06/18/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,969
Year Built
- Built in 1977
Lot Details
- 0.49 Acre Lot
- Lot Dimensions are 221x103x110x13x111x91
- Cul-De-Sac
- Street terminates at a dead end
- North Facing Home
- Vinyl Fence
- Wood Fence
- Wire Fence
- Mature Landscaping
- Oversized Lot
- Irregular Lot
- Oak Trees
- Fruit Trees
- Garden
- Property is zoned RSF3
Parking
- 2 Car Attached Garage
- Ground Level Parking
- Garage Door Opener
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- Slab Foundation
- Shingle Roof
- Wood Siding
- Block Exterior
- Stucco
Interior Spaces
- 2,010 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Partially Furnished
- Ceiling Fan
- Wood Burning Fireplace
- ENERGY STAR Qualified Windows
- Drapes & Rods
- Sliding Doors
- Family Room with Fireplace
- Great Room
- Family Room Off Kitchen
- Den
- Garden Views
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Built-In Convection Oven
- Cooktop with Range Hood
- Recirculated Exhaust Fan
- Microwave
- Freezer
- Ice Maker
- Dishwasher
- Cooking Island
- Stone Countertops
- Disposal
Flooring
- Bamboo
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Studio bedroom
- En-Suite Bathroom
- Walk-In Closet
- 3 Full Bathrooms
- Shower Only
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
- Security Lights
- Storm Windows
- Fire and Smoke Detector
Outdoor Features
- Deck
- Screened Patio
- Rain Gutters
- Rain Barrels or Cisterns
- Private Mailbox
- Rear Porch
Additional Homes
- Guest House
- 552 SF Accessory Dwelling Unit
Location
- Property is near public transit
Schools
- Wilkinson Elementary School
- Brookside Middle School
- Riverview High School
Farming
- Farm
- Pasture
- Drainage Canal
Utilities
- Central Heating and Cooling System
- Thermostat
- Water Filtration System
- Gas Water Heater
- High Speed Internet
- Phone Available
- Cable TV Available
Listing and Financial Details
- Visit Down Payment Resource Website
- Legal Lot and Block 7 / 2
- Assessor Parcel Number 0072120051
Community Details
Overview
- No Home Owners Association
- Sarasota Venice Co Sub Community
- Sarasota Venice Co Sub Subdivision
Amenities
- Laundry Facilities
Map
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Home Values in the Area
Average Home Value in this Area
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 | $2,514 | $285,695 | -- | -- |
| 2023 | $2,514 | $186,888 | $0 | $0 |
| 2022 | $2,415 | $181,445 | $0 | $0 |
| 2021 | $2,444 | $176,160 | $0 | $0 |
| 2020 | $2,437 | $173,728 | $0 | $0 |
| 2019 | $2,346 | $169,822 | $0 | $0 |
| 2018 | $2,234 | $166,656 | $0 | $0 |
| 2017 | $2,271 | $163,228 | $0 | $0 |
| 2016 | $2,289 | $216,500 | $87,000 | $129,500 |
| 2015 | $2,320 | $190,700 | $73,200 | $117,500 |
| 2014 | $2,311 | $130,240 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/18/2025 06/18/25 | For Sale | $649,000 | -- | $323 / Sq Ft |
Source: Stellar MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $215,000 | Sunbelt Title Agency | |
| Warranty Deed | $165,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $100,000 | Unknown | |
| Previous Owner | $190,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $156,750 | No Value Available |
Source: Public Records
Similar Homes in Sarasota, FL
Source: Stellar MLS
MLS Number: A4655606
APN: 0072-12-0051
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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