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1074 Rainbow Cir, Eustis, FL, 32726

1beds
1baths
420sqft
$29,000
$69price/sqft
$380/moest. monthly cost
$15,200/yrincome needed

About This Home

Price Improvement! Escape to peaceful living in this charming and cozy 1-bedroom, 1-bathroom home located in the desirable all-age community of Southern Palms Resort. Nestled along a tranquil stream, this well-maintained home offers a relaxing setting where you can enjoy nature right from your own backyard. Inside, you'll find a comfortable and inviting living space, complete with a stackable washer and dryer in the lanai, that are included for your convenience. The spacious lanai provides the perfect spot to enjoy your morning coffee, unwind in the evening, or entertain guests year-round. Outside, a detached storage shed offers plenty of room for tools, hobbies, or extra storage. Whether you're looking for a full-time residence, seasonal retreat, or affordable Florida getaway, this home is packed with value. Southern Palms Resort offers an active lifestyle with amenities including two swimming pools, a hot tub, shuffleboard courts, bocce ball, and a variety of scheduled community activities. The affordable lot rent of just $640 per month includes water, sewer, trash service, bulk pickup, and lawn mowing, making maintenance-free living easy and affordable. Don't miss this opportunity to own an affordable streamfront retreat in one of Central Florida's most welcoming communities! Seller motivated, bring all offers!

Getting Around

9
WalkingCar-Dependent
0
TransitVery Limited Transit
29
BikeSomewhat Bikeable

Schools

3/10
Eustis Middle SchoolGrades 6-83.7 mi
3/10
Eustis High SchoolGrades 9-123.0 mi

Construction

Condition

  • Year built: 1986

Materials

  • Roof: Asphalt
  • Construction materials: Aluminum Siding

Type & Style

  • Home type: MobileManufactured
  • Property subType: Manufactured Home

Interior

Appliances

  • Appliances included: Dryer,Refrigerator,Oven,Washer,Water Heater

Basement

  • Area: 0

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Flooring: Carpet,Linoleum
  • Finished area above ground: 420

Heating & Cooling

  • Heating features: Electric,Heat Pump
  • Cooling features: Central

Interior Area

  • Total structure area: 420
  • Total interior livable area: 420 sqft

Kitchen

  • Features: Open,Laminate Counters

Property

Details

  • On leased land: Yes
  • Lease amount: 640

Features

  • Has view: Yes
  • View description: Stream
  • Has water view: Yes
  • Water view: Stream
  • On waterfront: Yes
  • Waterfront features: Stream

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindRelatively High
  • Hurricane
    HurricaneModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Strong Wind
Hurricane
Inland Flooding
Lightning
Tornado

FEMA Declared Disasters in Lake County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $146$1,752
Home Insurance *$19$228
Property Taxes $18$216
Electricity $197$2,366
Total$380$4,560
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$13,028/yr
40% on housing$11,400/yr
45% on housing$10,133/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 14.9%
14.9%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 3.3%
3.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$69This listing

vs Other Active Listings

Avg $/sqft

ZIP 32726$132
Lake County$157

vs Homes Sold Last Month

Median $/sqft

ZIP 32726$201
Lake County$206

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-07-09Price change$29,000
2026-06-05Listed for sale$33,000
2021-01-04Listing removed--
2020-12-16Pending sale$19,900
2020-11-18Listed for sale$19,900

For Sale by Agent

AgentMary-beth Palerino
BrokerageWeichert Realtors Hallmark Properties

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