132 Rainbow Street, Merritt Island, FL 32952 (MLS# 957243)

132 Rainbow Street, Merritt Island, FL 32952

$856,000

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 4,609 Lot Size (sq. ft.): 21,344 Status: Closed

Current Price: $856,000 List Date: 2/16/2023 Last Modified: 8/21/2026

Overview

Description

On nearly half an acre between the Banana & Indian Rivers, this grand pool home w/side lake views showcases a NEW tile roof, a NEW a/c & beautiful custom details! Crown-molded, trayed & coffered ceilings outline tile & hardwood floors. Vertical, butted & bay windows welcome tons of natural light. The granite island kitchen features a wine cooler, SS appliances, a wall oven, a stacked micro & scads of cabinetry. Bay window pool views, glass door porch entry, dual walk-in closets, separate stone sinks, a lovely tub & tiled shower create a relaxing owner's retreat. Triple sliders off the family rm lead to the airy screened lanai presenting a multi-tiered pool & spa accented w/leafy tropical plants. Entertain Florida- style from the outdoor granite kitchen stocked w/a bar, grill & fridge!

Listing Details MLS# 957243

General Property Information

Bedrooms Total: 4
Bathrooms Total: 3
Bathrooms Full: 3
Living Area: 3168
Living Area Source: Public Records
Building Area Total: 4609
New Construction YN: No
Year Built: 2002
Garage YN: Yes
Garage Spaces: 3
Carport YN: No
Lot Size Acres: 0.49
Lot Size Square Feet: 21344
Association YN: Yes
Association Fee: 500
Association Fee Frequency: Annually
Association Name: David Smith, HOA President dbs116outlook.com
Property Use: 01 / SINGLE FAMILY RESIDENCE
Water Body Access YN: No
Waterfront YN: No
Land Site Description: NBHD LAKE/RETEN FRTG
Furnished: Unfurnished
Direction Faces: South
Senior Community YN: No
Pool Private YN: Yes
List Price/SqFt: 274.41
Sold Price/SqFt: 270.2
Bathrooms Half: 0
Carport Spaces: 0

Property Features

Appliances: Convection Oven; Dishwasher; Disposal; Dryer; Gas Water Heater; Microwave; Refrigerator; Washer Association Amenities: Maintenance Grounds; Management - Full Time Construction Materials: Block; Concrete; Stucco Exterior Features: Outdoor Kitchen; Storm Shutters Flooring: Tile; Wood Interior Features: Breakfast Bar; Breakfast Nook; Built-in Features; Ceiling Fan(s); Eat-in Kitchen; His and Hers Closets; Kitchen Island; Pantry; Primary Bathroom - Tub with Shower; Primary Bathroom -Tub with Separate Shower; Split Bedrooms; Vaulted Ceiling(s); Walk-In Closet(s) Levels: One Listing Terms: Cash; Conventional; FHA; VA Loan Lot Features: Sprinklers In Front; Sprinklers In Rear Parking Features: Attached; Garage Door Opener; Other Patio And Porch Features: Patio; Porch; Screened Pets Allowed: Cats OK; Dogs OK; Yes Pool Features: In Ground; Screen Enclosure Possession: Close Of Escrow Rental Restrictions: 1 Year Roof: Tile Security Features: Security System Owned Sewer: Septic Tank Showing Requirements: Appointment Only; Showing Service Special Listing Conditions: Standard Utilities: Cable Available; Electricity Connected; Propane View: Lake; Pond; Water Water Source: Public; Well Room Types: Dining Room; Family Room; Laundry; Living Room

Contract Information

Original List Price: 869321
Listing Contract Date: 2023-02-14
Start Showing Date: 2023-02-16
Property Sub Type: Single Family Residence

Location Tax and Legal

Street Number: 132
Street Name: Rainbow
Street Suffix: Street
County: Brevard
State: FL
Postal Code: 32952
MLS Area Major: 253 - S Merritt Island
Subdivision Name: Tropical Paradise Subdivision

Remarks and Miscellaneous

Public Remarks: On nearly half an acre between the Banana & Indian Rivers, this grand pool home w/side lake views showcases a NEW tile roof, a NEW a/c & beautiful custom details! Crown-molded, trayed & coffered ceilings outline tile & hardwood floors. Vertical, butted & bay windows welcome tons of natural light. The granite island kitchen features a wine cooler, SS appliances, a wall oven, a stacked micro & scads of cabinetry. Bay window pool views, glass door porch entry, dual walk-in closets, separate stone sinks, a lovely tub & tiled shower create a relaxing owner's retreat. Triple sliders off the family rm lead to the airy screened lanai presenting a multi-tiered pool & spa accented w/leafy tropical plants. Entertain Florida- style from the outdoor granite kitchen stocked w/a bar, grill & fridge!

Status Change Information

Major Change Timestamp: 2023-03-27T20:23:22Z
Major Change Type: Status Change
Status Change Timestamp: 2023-03-27
Purchase Contract Date: 2023-02-26
Close Date: 2023-03-27
Close Price: 856000

More Information

Closing Company Details

Closing Company Name: Prestige Title; (321) 242-7660
Closing Company Address: 5120 N US-1 #103, Palm Shores, FL 32940

Legal Details

Permission Granted to Advertise: No

Pets Allowed

Total Number Of Pets: 5
Cats OK: Yes
Dogs OK: Yes
Yes: Yes

Location, Tax, and Legal

Tax Account: 2532898
Parcel Number: 25-37-30-28-0000a.0-0011.00
General County Location: Central
Elementary School: Tropical
Middle School: Jefferson
High School: Merritt Island
Tax Annual Amount: 4436.69
Tax Year: 2022
Tax Legal Description: TROPICAL PARADISE SUBDIVISION BLOCK A LOT 11
Directions: From S Tropical Trl, go west on Rainbow St (halfway between Pineda Cswy & Merritt Island Cswy). Address will be on right.

Appliances

Convection Oven: Yes
Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Gas Water Heater: Yes
Microwave: Yes
Refrigerator: Yes
Washer: Yes

Association Amenities

Maintenance Grounds: Yes
Management - Full Time: Yes

Construction Materials

Block: Yes
Concrete: Yes
Stucco: Yes

Exterior Features

Outdoor Kitchen: Yes
Storm Shutters: Yes

Flooring

Tile: Yes
Wood: Yes

Interior Features

Breakfast Bar: Yes
Breakfast Nook: Yes
Built-in Features: Yes
Ceiling Fan(s): Yes
Eat-in Kitchen: Yes
His and Hers Closets: Yes
Kitchen Island: Yes
Pantry: Yes
Primary Bathroom - Tub with Shower: Yes
Primary Bathroom -Tub with Separate Shower: Yes
Split Bedrooms: Yes
Vaulted Ceiling(s): Yes
Walk-In Closet(s): Yes

Levels

One: Yes

Listing Terms

Cash: Yes
Conventional: Yes
FHA: Yes
VA Loan: Yes

Lot Features

Sprinklers In Front: Yes
Sprinklers In Rear: Yes

Parking Features

Attached: Yes
Garage Door Opener: Yes
Other: Yes

Patio And Porch Features

Patio: Yes
Porch: Yes
Screened: Yes

Pool Features

In Ground: Yes
Screen Enclosure: Yes

Possession

Close Of Escrow: Yes

Roof

Tile: Yes

Security Features

Security System Owned: Yes

Sewer

Septic Tank: Yes

Special Listing Conditions

Standard: Yes

Utilities

Cable Available: Yes
Electricity Connected: Yes
Propane: Yes

View

Lake: Yes
Pond: Yes
Water: Yes

Water Source

Public: Yes
Well: Yes

Showing Requirements

Appointment Only: Yes
Showing Service: Yes

Rental Restrictions

1 Year: Yes

Room Types

Dining Room: Yes
Family Room: Yes
Laundry: Yes
Living Room: Yes

Listing Office: Compass Florida, LLC

Last Updated: August - 21 - 2026

Information is deemed to be reliable, but is not guaranteed.