1261 Rainbow Road SE, Palm Bay, FL 32909

New Listing
$349,900
Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 1,830 Lot Size (sq. ft.): 10,454 Status: Active
Current Price: $349,900 List Date: 7/24/2026 Last Modified: 7/28/2026

Overview

Description

VA Assumable Loan with an incredible 2.7% interest rate for qualified buyers! This is your opportunity to own a beautifully maintained, only a few years young 4-bedroom, 2-bath home while enjoying substantial monthly savings. The low assumable interest rate paired with owned solar panels means lower mortgage payments and reduced electric bills, making this home an incredible long-term investment. Inside, you'll find an open-concept floor plan, spacious living areas, and a split-bedroom layout. The oversized primary suite features a large walk-in closet that won't disappoint. Step outside to a fully fenced backyard backing to a peaceful preserve with no rear neighbors, offering privacy and beautiful natural views. Conveniently located near shopping, dining, schools, parks, and major roadways. This move-in-ready home truly is the gift that keeps on giving. Schedule your private showing today before this rare opportunity is gone!

Listing Details MLS# 1083299

General Property Information

Bedrooms Total
4
Bathrooms Total
2
Bathrooms Full
2
Living Area
1830
Living Area Source
Appraiser
Accessibility Features YN
No
New Construction YN
No
Year Built
2021
Garage YN
Yes
Garage Spaces
2
Carport YN
No
Lot Size Acres
0.24
Lot Size Square Feet
10454
Association YN
No
CDD Fee YN
No
Community Fee(s) YN
No
Water Body Access YN
No
Waterfront YN
No
Furnished
Unfurnished
Stories
Yes
Direction Faces
Southeast
Senior Community YN
No
Pool Private YN
No
List Price/SqFt
191.2
Bathrooms Half
0

Property Features

Appliances: Convection Oven; Dishwasher; Disposal; Electric Cooktop; Electric Oven; Electric Range; Ice Maker; Refrigerator Architectural Style: Mid-Century Modern; Traditional Construction Materials: Block; Concrete; Stucco Cooling: Central Air Current Use: Residential; Single Family Exterior Features: Storm Shutters Fencing: Back Yard; Other Flooring: Carpet; Tile Heating: Central Interior Features: Ceiling Fan(s); Kitchen Island; Open Floorplan; Pantry; Split Bedrooms; Walk-In Closet(s) Laundry Features: Electric Dryer Hookup; Washer Hookup Levels: One Listing Terms: Assumable; Cash; Conventional; FHA; VA Loan Lot Features: Many Trees; Wooded Parking Features: Garage Patio And Porch Features: Patio Pets Allowed: Cats OK; Dogs OK; Yes Possession: Close Of Escrow Sewer: Septic Tank Showing Requirements: Call Listing Agent; Combination Lock Box Special Listing Conditions: Standard Utilities: Cable Available; Electricity Available; Electricity Connected; Water Available; Water Connected Water Source: Public Room Types: Primary Bedroom

Contract Information

Original List Price
349900
Listing Contract Date
2026-07-24
Property Sub Type
Single Family Residence

Location Tax and Legal

Street Number
1261
Street Name
Rainbow
Street Suffix
Road
Street Direction Suffix
SE
County
Brevard
State
FL
Postal Code
32909
MLS Area Major
343 - SE Palm Bay
Subdivision Name
None

Remarks and Miscellaneous

Public Remarks
VA Assumable Loan with an incredible 2.7% interest rate for qualified buyers! This is your opportunity to own a beautifully maintained, only a few years young 4-bedroom, 2-bath home while enjoying substantial monthly savings. The low assumable interest rate paired with owned solar panels means lower mortgage payments and reduced electric bills, making this home an incredible long-term investment. Inside, you'll find an open-concept floor plan, spacious living areas, and a split-bedroom layout. The oversized primary suite features a large walk-in closet that won't disappoint. Step outside to a fully fenced backyard backing to a peaceful preserve with no rear neighbors, offering privacy and beautiful natural views. Conveniently located near shopping, dining, schools, parks, and major roadways. This move-in-ready home truly is the gift that keeps on giving. Schedule your private showing today before this rare opportunity is gone!

Status Change Information

Major Change Timestamp
2026-07-24T15:44:35Z
Major Change Type
New Listing
Status Change Timestamp
2026-07-24

More Information

DPR Eligible

DPR Eligible
Yes

Legal Details

Permission Granted to Advertise
Yes

Room Types

Primary Bedroom Level
Main
Primary Bedroom
Yes

Location, Tax, and Legal

Tax Account
2933406
Parcel Number
29-37-16-Gp-00756.0-0002.00
General County Location
South
Elementary School
Columbia
Middle School
Southwest
High School
Bayside
Tax Annual Amount
4359.18
Tax Year
2025
Tax Legal Description
PORT MALABAR UNIT 16 LOT 2 BLK 756
Zoning Description
Residential
Directions
From I-95, take Exit 173 for Malabar Road and head east. Turn right onto San Filippo Drive SE, then left onto Waco Boulevard SE. Turn right onto Rainbow Road SE. The property will be on your right at 1261 Rainbow Road SE, Palm Bay, FL 32909.

Appliances

Convection Oven
Yes
Dishwasher
Yes
Disposal
Yes
Electric Cooktop
Yes
Electric Oven
Yes
Electric Range
Yes
Ice Maker
Yes
Refrigerator
Yes

Architectural Style

Mid-Century Modern
Yes
Traditional
Yes

Construction Materials

Block
Yes
Concrete
Yes
Stucco
Yes

Cooling

Central Air
Yes

Current Use

Residential
Yes
Single Family
Yes

Exterior Features

Storm Shutters
Yes

Fencing

Back Yard
Yes
Other
Yes

Flooring

Carpet
Yes
Tile
Yes

Heating

Central
Yes

Interior Features

Ceiling Fan(s)
Yes
Kitchen Island
Yes
Open Floorplan
Yes
Pantry
Yes
Split Bedrooms
Yes
Walk-In Closet(s)
Yes

Laundry Features

Electric Dryer Hookup
Yes
Washer Hookup
Yes

Levels

One
Yes

Listing Terms

Assumable
Yes
Cash
Yes
Conventional
Yes
FHA
Yes
VA Loan
Yes

Lot Features

Many Trees
Yes
Wooded
Yes

Parking Features

Garage
Yes

Patio And Porch Features

Patio
Yes

Pets Allowed

Cats OK
Yes
Dogs OK
Yes
Yes
Yes

Possession

Close Of Escrow
Yes

Sewer

Septic Tank
Yes

Special Listing Conditions

Standard
Yes

Utilities

Cable Available
Yes
Electricity Available
Yes
Electricity Connected
Yes
Water Available
Yes
Water Connected
Yes

Water Source

Public
Yes

Showing Requirements

Call Listing Agent
Yes
Combination Lock Box
Yes

Room Information

Room Name Level Length Width Remarks
Primary Bedroom Main 16.00 12.00 measurement may not be acurate and will need to be checked
Listing Office: Real Broker, LLC
Last Updated: July - 28 - 2026
Information is deemed to be reliable, but is not guaranteed.

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