407 Bay Point Dr, Rainbow City, AL, 35906
About This Home
Newly remodeled lakefront home featuring 3 bedrooms and 3.5 bathrooms with stunning water views. This waterfront property includes a brand-new kitchen with all new appliances, new windows, and new interior and exterior doors. Hardwood floors enhance the main level, while upstairs bathrooms offer updated tile showers. The fully finished basement includes a bonus room with bar, bedroom, bathroom, storage, and new LVP flooring. French doors lead to the water. Enjoy a new deck, outdoor kitchen, and spacious 3-car garage- perfect for lakefront living and entertaining.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1994
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Single Family Residence
Interior
Basement
- Has basement: Yes
- Basement: Basement
Bathroom1
- Area: 110
Bedroom2
- Level: First
- Area: 204
Bedroom3
- Level: Basement
- Area: 210
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Bonus Room
- Level: Basement
- Area: 450
Dining Room
- Area: 156
Features
- Number of fireplaces: 1
- Fireplace features: One
- Fireplace: Yes
Heating & Cooling
- Heating features: Central 1
- Cooling features: Central 1
Interior Area
- Total interior livable area: 2,866 sqft
Kitchen
- Features: Granite Counters,Recessed Lighting,Wood Floor
- Area: 238
Living Room
- Features: Ceiling Fan(s),Recessed Lighting,Vaulted Ceiling(s),Wood Floor
- Area: 529
Property
Details
- Parcel number: 2007250001001005
Features
- Levels: One
- Stories: 1
- Exterior features: Dock
- Waterbody name: Neely Henry Lake
Lot
- Lot size: 0.87 Acres
Parking
- Parking features: Garage-Three Car
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
- Inland Flooding
- Tornado
- Cold Wave
- Lightning
- Strong Wind
- Earthquake
- Hail
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters Across Alabama Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,362 | $40,344 |
| Home Insurance * | $536 | $6,432 |
| Property Taxes | $177 | $2,124 |
| Electricity | $320 | $3,848 |
| Total | $4,395 | $52,740 |
Income You'd Need if You Spent...
Alabama FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-10 | Contingent | $665,000 |
| 2026-04-30 | Price change | $665,000 |
| 2026-03-26 | Price change | $699,900 |
| 2026-01-20 | Listed for sale | $749,900 |
| 2024-12-13 | Listing removed | $499,000 |
| 2024-10-17 | Price change | $499,000 |
| 2024-07-20 | Price change | $550,000 |
| 2024-06-03 | Listed for sale | $640,000 |
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