1159 SW Rainbow Ave, photo 1
Active
1 / 12

Overview

3 bd1 ba1,040 sqftSingle Family
TypeSingle Family
HOANone listed
Built1975
Lot8,276 sqft
Living area1,040 sqft
Price / sqft$173

Ask anything about this home

Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

Ceiling Fans(s)Stone CountersDishwasherElectric Water HeaterMicrowaveRangeRefrigerator

1159 SW Rainbow Ave is a 1975-built home in Golden Melody, Arcadia. Inside you'll find 3 bedrooms, 1 bathrooms, and 1,040 square feet of living space. Listed at $179,900 (about $173/sqft), 32 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

Welcome to 1159 SW Rainbow Avenue! This beautifully renovated 3-bedroom, 1-bath home offers approximately 1,040 square feet of living area and has been extensively updated from top to bottom. Major improvements include a NEW metal roof, NEW hurricane-impact-resistant windows, NEW air-conditioning system, NEW plumbing, NEW flooring throughout, and new interior doors. The completely remodeled kitchen features NEW cabinetry, granite countertops, and updated finishes, while the bathroom has been fully renovated with a NEW tub, tile, toilet, and vanity. Fresh, clean, and move-in ready, this home offers the benefits of an established residence with many of its major components already replaced — an affordable option without an immediate list of costly improvement projects. Conveniently located in Arcadia, this home is ready for its new owner. Schedule your showing today!

The essentials

Built
1975
Price / sqft
$173
On market
32 days
Annual tax
$2,136
Flood zone
X · Low risk
Lot
8,276 sqft
Type
Single Family Residence

At a glance

Single family
Built 1975
8,276 sqft lot
Lot size
1,040 sqft
Living area

Payment

Est. monthly payment
$1,206/mo
Down payment (20%)
$35,980
Property taxes
$178/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Single Family Residence
Year Built
1975
Lot
8,276 sqft
Cooling
Central Air
Heating
Electric
Parking
-
Days on Market
32
Ceiling Fans(s)
Stone Counters
Dishwasher
Electric Water Heater
Microwave
Range
Refrigerator
Flood Zone X
Annual Tax (2025)
$2,136
Parcel #
01-38-24-0174-00F0-0070

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Golden Melody
County
Desoto
MLS Area
34266 - Arcadia
Lot Size
8,276 sqft
Corner Lot

Price history

Date
Event
Price
10/8/2026
Price change
Source: Stellar MLS #TB8546805
$179,900-7.7%
$173/sqft
-
Price change
Source: Stellar MLS #TB8546805
$194,900-9.3%
$187/sqft
9/9/2026
Listed for sale
Source: Stellar MLS #TB8546805
$214,900
$207/sqft

Neighborhood

1159 SW Rainbow Ave
Arcadia, FL, 34266 · 34266 - Arcadia

Market insights

Offer Insights

Choose an offer strength

List price: $179,900
$170,000 – $179,900
95.1% – 100% of listTops out right at the list price
80% of listList price
43 of the last 84 home closings in 34266 landed at this number or higher (51%). The median one sat 29 days before it went under contract, and this one is on day 32 after a $35,000 cut.

Sample: 84 closed home sales in 34266 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$1,206/mo
Principal & interest$938
Property taxes$178
Insurance$90
Down payment20% · $35,980
Interest rate6.80%
Loan term

Not sure what you can afford?

Put in your household income and we will tell you where this payment sits.

Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$179,900

$173 per sq ft

Beds and baths

3 beds, 1 baths

Size

1,040 sq ft

Time on market

32 days

Year built

1975

Monthly payment

About $1,206/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $2,136 annual tax bill, insurance.

Flood zone

Zone X

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Offer

What should I offer?

Have another question?

Brokered byJACK KELLER INCListing agent: John Keller, IIIListing data from Stellar MLS, MLS# TB8546805.

Keep exploring Florida

Pick up where you left off, or see what else is out there.