NOT LISTED FOR SALE

5520 Rainbow Dr Bokeelia, FL 33922

Estimated Value: $119,000 - $283,000

3 Beds
2 Baths
1,296 Sq Ft
$155/Sq Ft Est. Value

About This Home

Imagine yourself living in the artistic, agricultural and relaxed charm of Pine Island. Welcome to a very beautiful home which is move in ready and in a great location. It's not far north of the four way stop allowing quick access to a Lee County Park (with a pool), a Lee County library, the Museum of the Islands and shopping centers. The island has historical sites, hiking and kayak trails, several parks, marinas, access to world class fishing, many churches and restaurants, many serving fresh seafood. Pine Island has many events annually such as, the Mullet Toss, MangoMania and the StoneCrab Fest, just to name a few. There is also a bike path which stretches almost the entire length of the island. Southwest Florida has many American & National League Baseball spring training facilities all within driving distance. This home has a new septic system and it meets the new FEMA and Lee County building codes. It sits "high & dry". Don't miss the opportunity to purchase this home. It is time for you to start enjoying the "Island Life".

Range of Values:

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Value Increase
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Percent Increase
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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.

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ICE

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First American

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Quantarium

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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

Property History

Date Event Price List to Sale Price per Sq Ft
05/12/2025 05/12/25 Price Changed $298,000 -0.3% $230 / Sq Ft
01/14/2025 01/14/25 For Sale $299,000 -- $231 / Sq Ft

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 $2,092 $126,374 -- --
2024 $534 $114,885 -- --
2023 $534 $8,143 $0 $0
2022 $108 $7,403 $7,403 $0
2021 $96 $6,200 $6,200 $0
2020 $97 $6,200 $6,200 $0
2019 $103 $6,435 $6,435 $0
2018 $76 $4,950 $4,950 $0
2017 $81 $6,056 $6,056 $0
2016 $70 $4,730 $4,730 $0
2015 $66 $4,730 $4,730 $0
2014 $52 $3,080 $3,080 $0
2013 -- $3,300 $3,300 $0
Source: Public Records

Agents Affiliated with this Home

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