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$649,000

2866 E Rainbow Cir Sarasota, FL 34231

4 beds
3 full
2,010 sqft
0.5 acres
$323 / sqft
House

Property details

About 2866 E Rainbow Cir

**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!

Highlights

Home typeSingle Family Residence
HeatingCentral, Electric
StatusActive
CoolingCentral Air
Size2,010 sqft
Lot size0.49 Acres
Year built1977
ParkingCovered, Driveway, Garage Door Opener, Ground Level, Guest, Off Street, Open
MLS #A4655606
Attached garage2 spaces
FireplaceFamily Room, Wood Burning
ViewGarden

Virtual tour

Summary

  • Full Bathrooms: 3
  • Appliances: Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Gas Water Heater, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Washer, Water Filtration System
  • Flooring Type: Bamboo, Ceramic Tile, Tile
  • Interior: Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Open Floorplan, Primary Bedroom Main Floor, Stone Counters, Thermostat, Walk-In Closet(s), Window Treatments
  • Fireplace: Family Room, Wood Burning
  • Total Bedroom Count: 4
  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Private Pool: No
  • Parking: Covered, Driveway, Garage Door Opener, Ground Level, Guest, Off Street, Open
  • View: Garden
  • Exterior: Garden, Private Mailbox, Rain Barrel/Cistern(s), Rain Gutters, Sliding Doors
  • Architectural Style: Ranch
  • Heating: Central, Electric
  • Cooling: Central Air
  • List Price: $649,000
  • Price/SqFt: $322
  • HOA Amount: $0
  • Annual Tax Amount: $2,513
  • Tax Year: 2023
  • Lot: Cul-De-Sac, Drainage Canal, Farm, Irregular Lot, Near Public Transit, Oversized Lot, Pasture, Dead End Street, Paved
  • Directions: West on Bee Ridge, Left/South on Worcester Road, Right on Maiden Lane, Left/South on East Rainbow Circle. Home is at the end of the cul-de-sac.
  • Year Built: 1977
  • Stories: 1
  • Living Area: 2,010 SqFt
  • Lot Size: 0.49 Acres
  • MLS Number: A4655606
  • MLS Name: MFRMLS
  • Office Name: MICHAEL SAUNDERS & COMPANY
  • Office Phone: (941) 951-6660
  • Listing Agent: Lana Moriece

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

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DMCA Notice

IDX Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/31/2025, 12:34:39 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

DateEventPrice
Nov 06, 2013
Home Sold
$215,000
Feb 02, 2004
Home Sold
$165,000

Tax history

YearAssessmentProperty Tax
2023$186,888$2,513
2022$181,445$2,414
2021$176,160$2,414
2020$173,728$2,444
2019$169,822$2,346
2018$166,656$2,283
2017$163,228$2,271

History based on county public records data.

Nearby schools

5

Wilkinson Elementary School

Public District PK-5

0.8 mi

3400 Wilkinson Rd

8

Phillippi Shores Elementary School

Public Magnet PK-5

1.1 mi

4747 S Tamiami Trl

10

Southside Elementary School

Public District PK-5

1.6 mi

1901 Webber St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $45,263. Residents of Sarasota, FL typically earn between $35k-100k each year. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

How much money do the neighbors make?

38%
<35k
56%
35k-100k
3%
100k-200k
3%
200k+

What level of education do the neighbors have?

No High School
High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

52%
Single, No Kids
16%
Single, with Kids
21%
Married, No Kids
11%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

13%
<11 yrs old
7%
12-17 yrs old
21%
18-34 yrs old
49%
35-64 yrs old
10%
65+ yrs old

What do the neighbors do for fun?

  • Horse RacesHorse Races
  • Pro BoxingPro Boxing
  • Extreme SportsExtreme Sports

Where do the neighbors shop?

  • Stein MartStein Mart
  • Family DollarFamily Dollar
  • Sam's ClubSam's Club

Where do the neighbors go to eat?

  • LongHorn SteakhouseLongHorn Steakhouse
  • White CastleWhite Castle
  • Bob EvansBob Evans

What do the neighbors drive?

  • BuickBuick
  • ChevroletChevrolet
  • OldsmobileOldsmobile

What do the neighbors listen to?

  • Contemporary InspirationalContemporary Inspirational
  • RockRock
  • NewsNews
All data provided by Home Junction and Claritas

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Frequently asked questions

Living in Sarasota, FL

Sarasota's transportation network includes a variety of options for residents and visitors. The Sarasota County Area Transit (SCAT) provides bus services with routes covering key areas of the city. For those who prefer private transport, ride-sharing services like Uber and Lyft are readily available. The city is also connected by several major roads, including Interstate 75 and U.S. Route 41, facilitating travel to nearby cities and attractions. Efforts to enhance walkability and bikeability are evident in the downtown area and along the scenic waterfront.

The city is served by a robust educational system, including multiple public and private schools that offer a range of educational programs. Sarasota Memorial Hospital stands as a major healthcare provider, offering comprehensive services from emergency care to specialized treatments. The public library system is well-established, providing residents with access to a wealth of knowledge and resources. Retail and dining options are plentiful, reflecting the local culture with a blend of international cuisines and boutique shopping experiences.

Sarasota prides itself on its vibrant arts scene and cultural richness, with numerous galleries, theaters, and the renowned Ringling Museum of Art. The community's character is further enhanced by its proximity to pristine beaches and a variety of outdoor recreational activities, making it a desirable location for both retirees and families. Annual events like the Sarasota Film Festival and the Sarasota Music Festival celebrate the city's artistic heritage and community spirit.

Sarasota's housing market is diverse, offering a mix of single-family homes, condominiums, and townhouses that cater to a range of preferences and budgets. Architectural styles vary widely, with a notable presence of Mediterranean-inspired designs alongside modern and contemporary structures. The area has seen a steady growth in new developments, particularly in the condominium sector, which adds a modern touch to the city's skyline.

About 2866 E Rainbow Cir

The listing price of 2866 E Rainbow Cir property is $649,000.

The property 2866 E Rainbow Cir is a house located in Sarasota, Florida, 34231.

Active Listing: 2866 E Rainbow Cir is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 2866 E Rainbow Cir are: Wilkinson Elementary School (GreatSchools Rating 5/10), Phillippi Shores Elementary School (GreatSchools Rating 8/10), Southside Elementary School (GreatSchools Rating 10/10), Brookside Middle School (GreatSchools Rating 6/10), Suncoast School for Innovative Studies (GreatSchools Rating 5/10), Imagine School at Palmer Ranch (GreatSchools Rating 5/10), Riverview High School (GreatSchools Rating 6/10), Triad (GreatSchools Rating 1/10), Suncoast Polytechnical High School (GreatSchools Rating 9/10).

According to the records, the last property tax for 2023 is $2,513 (source: MLS/based on county public records data).

The last sale was on November 6, 2013 for $215,000 (source: MLS/tax record).

The property at 2866 E Rainbow Cir has 4 bedrooms and 3 bathrooms.

The property 2866 E Rainbow Cir is 2,010 SqFt (source: MLS/tax record).

The year of construction for 2866 E Rainbow Cir is 1977.

This home is located at 2866 E Rainbow Cir in Sarasota, FL and zip code 34231. This 2,010 square foot home, which was built in 1977, sits on a 0.49 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since June 18, 2025 and is currently priced at $649,000.

In June 2025, from all listings sold in Sarasota, FL there were more than 23 sold above asking price, over 364 sold below and more than 51 were sold right at the asked price. The number of listings in Sarasota, FL decreased by 2% between May and June 2025. Listings spent 72 days on the market in June 2025, and had a median list price of $495,118 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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