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32-40 Rainbow Dr, Ponce De Leon, FL, 32455

2beds
2baths
1,276sqft
$199,000
$156price/sqft
$1,365/moest. monthly cost
$54,600/yrincome needed

About This Home

This could be the place for you if you want a great place to live and want an additional home on the property for a Mother-in-Law house or a great guest house. In the country with enough space to stretch your legs and enjoy quiet country evenings by a fire pit. Just down the road from Ponce de Leon Springs and about 40 minutes to the beach. This would be a perfect place to come to get away from the city and bring your friends and family to enjoy quality time together. Main house is 2 BR/2 BA and Mobile home is also 2 BR/2BA. Multiple outbuildings to include a 12 x 20 building that is finished with A/C which could be another bunk house. Main home has laundry and the laundry for the mobile is in an outbuilding built just for that purpose. You really have to see this one to appreciate .

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

7/10
Walton Middle SchoolGrades 6-812.2 mi
7/10
Walton High SchoolGrades 9-1213.3 mi

Construction

Condition

  • Property condition: Construction Complete
  • Year built: 2015

Materials

  • Roof: Metal
  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Country
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Microwave,Range Hood,Refrigerator,Tankless Water Heater
  • Laundry features: Washer/Dryer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Family Room

  • Level: First
  • Area: 80
  • Dimensions: 8 x 10

Features

  • Flooring: Vinyl,Carpet
  • Common walls with other units/homes: No Common Walls

Interior Area

  • Total structure area: 1,276
  • Total interior livable area: 1,276 sqft

Kitchen

  • Level: First
  • Area: 192
  • Dimensions: 12 x 16

Master Bedroom

  • Level: First
  • Area: 120
  • Dimensions: 12 x 10

Other

  • Level: First
  • Area: 120
  • Dimensions: 12 x 10

Property

Details

  • Parcel number: 113N17060000190050
  • Zoning description: Mobile Home, Resid Single Family

Features

  • Stories: 1

Lot

  • Lot size: 2.55 Acres
  • Features: Level
  • Lot size dimensions: irregular

Parking

  • Total spaces: 3
  • Parking features: Attached Carport,Carport,Covered
  • Covered spaces: 3
  • Carport: Yes
  • Carport spaces: 3

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

  • Lightning
    LightningVery High
  • Hurricane
    HurricaneRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Lightning
Hurricane
Tornado
Cold Wave
Heat Wave
Inland Flooding
Strong Wind
Tsunami

FEMA Declared Disasters in Walton 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 $1,006$12,072
Home Insurance *$81$972
Property Taxes $81$972
Electricity $197$2,366
Total$1,365$16,380
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$46,800/yr
40% on housing$40,950/yr
45% on housing$36,400/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: 16.1%
16.1%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 8.0%
8.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$156This listing

vs Other Active Listings

Avg $/sqft

ZIP 32455$126
Walton County$485

vs Homes Sold Last Month

Median $/sqft

ZIP 32455$207
Walton County$400

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
2026-04-24Price change$199,000
2026-03-25Price change$225,000
2026-02-27Listed for sale$230,000

For Sale by Agent

AgentTeddy Stewart
BrokerageMerrifield & Pilcher Realty

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