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192 Rainbow St

Merritt Island, FL 32952

4 bd 4 ba 3,447 sqft Built 2003 Lot 18,295 sqft single_family
Most recent sale
$940,000
Jul 27, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Feb 1, 2025 Listing removed $2,400 SpaceCoast
Jul 27, 2022 Sold $940,000 MLS #937062
Jun 7, 2022 Listed $975,000 MLS #937062
Apr 28, 2022 Listed $975,000 MLS #933421
Aug 21, 2014 Sold $450,000 Public Record
Jan 7, 2013 Listing removed $729,900 SpaceCoast
Oct 15, 2012 Listing removed $2,400 SpaceCoast
Sep 14, 2012 Listed for rent $2,400 SpaceCoast
Sep 14, 2012 Listing removed $2,400 BeachesMLSMatrix
Sep 13, 2012 Listed for rent $2,400 BeachesMLSMatrix
Jul 21, 2008 Sold $500,000 MLS #500873
Mar 26, 2008 Listed $559,900 MLS #500873
Aug 27, 2007 Listed $729,900 MLS #482677
Apr 4, 2003 Sold $66,900 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2023 $725,010 $110,000 $835,010 $10,554
2021 $473,000 $60,000 $533,000 $7,117
2020 $465,140 $40,000 $505,140 $7,398
2019 $469,280 $50,000 $519,280 $7,754
2018 $463,730 $58,000 $521,730 $7,988
2017 $431,110 $58,000 $489,110 $7,813
2016 $400,060 $55,000 $455,060 $7,629
2015 $368,890 $50,000 $418,890 $7,360
2014 $378,120 $6,847
2013 $343,750 $6,403
2012 $313,790 $4,888
2011 $322,180 $5,042
2010 $369,290 $5,413
2009 $407,860 $5,706
2008 $444,960 $6,286

Property facts

Year built
2003
Property type
single_family
Stories
1
Beds
4
Baths
4
Living area
3,447 sqft
Lot size
18,295 sqft
ZIP code
32952
City
Merritt Island
Street
Rainbow St
Coordinates
28.28556, -80.67309

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$6,377
Gross rental yield
8.14%
Implied cap rate
5.29%
Trend-extrapolated value

Frequently asked questions

When did 192 Rainbow St last sell?
192 Rainbow St most recently sold on Jul 27, 2022 for $940,000.
What is the current tax assessment for 192 Rainbow St?
The most recent total assessment for 192 Rainbow St (year 2023) is $835,010 with $10,554 in property tax.
How does 192 Rainbow St's assessment compare to its last sale price?
The current assessment is 11.2% below the last sale price of $940,000.
When was 192 Rainbow St built?
192 Rainbow St was built in 2003.
How does 192 Rainbow St compare to others on Rainbow St?
We track 5 other properties on Rainbow St. Browse the list under "Other properties on Rainbow St" to compare beds, baths, and sale history.
What are the property facts for 192 Rainbow St?
192 Rainbow St is a 4 bed, 4 bath, 3,447 sqft, 18,295 sqft lot single_family.
Is 192 Rainbow St a flip candidate?
No — 192 Rainbow St does not appear in our flips dataset.
Is 192 Rainbow St a tax-appeal candidate?
No — 192 Rainbow St is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+1.7%
Implied 1-yr
+6.7%
2026 Q3
$809.3K
2026 Q4
$821.5K
ZIP 32952 — Median Price History + Forecast

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