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$169,900

1159 SW RAINBOW AVENUE, ARCADIA, FL 34266

3D Tour
Active55 days on market

Beds

3

Baths

1

Sq Ft

1,040 sq ft

Year Built

1975

Lot Size

0.19 acres

Garage

,

About This Property

Welcome to 1159 SW Rainbow Avenue! This beautifully renovated 3-bedroom, 1-bath home offers approximately 1,040 square feet of living area and has been extensively updated from top to bottom. Major improvements include a NEW metal roof, NEW hurricane-impact-resistant windows, NEW air-conditioning system, NEW plumbing, NEW flooring throughout, and new interior doors. The completely remodeled kitchen features NEW cabinetry, granite countertops, and updated finishes, while the bathroom has been fully renovated with a NEW tub, tile, toilet, and vanity. Fresh, clean, and move-in ready, this home offers the benefits of an established residence with many of its major components already replaced — an affordable option without an immediate list of costly improvement projects. Conveniently located in Arcadia, this home is ready for its new owner. Schedule your showing today!

Property Overview

Property TypeResidential
Sub TypeSingle Family Residence
MLS #TB8546805
StatusActive
Year Built1975
Stories1
Total Rooms3
ConstructionBlock, Brick, Concrete
RoofMetal
FoundationSlab
FacesSoutheast
SubdivisionGOLDEN MELODY
CountyDeSoto
OwnershipFee Simple

Interior Features

InteriorCeiling Fan(s), Stone Counters
FlooringLuxury Vinyl
AppliancesDishwasher, Electric Water Heater, Microwave, Range, Refrigerator
LaundryElectric Dryer Hookup, Laundry Room, Washer Hookup
CoolingCentral Air
HeatingElectric
SecuritySmoke Detector(s)

Exterior & Lot

ExteriorOther
Lot Size0.19 acres (8,276 sq ft)
Lot FeaturesCorner Lot
Road SurfacePaved
0

Utilities

WaterPublic
SewerPublic Sewer
UtilitiesElectricity Connected, Sewer Connected, Water Connected

Parking

GarageNo
CarportYes

HOA & Community

HOANo
Senior CommunityNo

Financial Details

List Price$169,900
Original Price$214,900
Annual Taxes$2,136 (2025)
FinancingCash, Conventional, FHA, USDA Loan, VA Loan
ZoningRMF-6
Parcel #013824017400F00070

Directions

US 17, travel west on SW Martin Luther King Jr. Street, cross over railroad tracks and keep going, turn left onto SW Golden Avenue, travel southwest on SW Golden Avenue then take a left on SW Melody Drive, take Melody Drive to SW Rainbow Avenue, turn left on SW Rainbow Avenue, 1159 SW Rainbow Avenue is the first house on the left hand side after you turn onto SW Rainbow Avenue.

Location

1159 SW RAINBOW AVENUE, ARCADIA, FL 34266

Listing Information

OfficeJACK KELLER INC
ListedSeptember 9, 2026

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Home Price

$169,900

20% ($33,980)
6.75%

Loan Term

Principal & Interest$882
Property Tax (est.)$156
Insurance (est.)$150
Total Monthly$1,187
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How to Buy This Home

Multiple financing options available for this $169,900 home in ARCADIA.

🏛️

FHA Loan

$5,947 Down

Government-backed, low down payment. Credit scores as low as 580.

🎖️

VA Loan

$0 Down

Zero down for eligible veterans, active duty, and military families.

🏦

Conventional

$8,495 Down

Traditional financing. As low as 3-5% down with good credit.

🌾

USDA Loan

$0 Down

Zero down for eligible rural areas. Income limits apply.

Florida Down Payment Assistance Programs

You may qualify for up to $35,000 in assistance to cover your down payment and closing costs.

Florida Hometown Heroes

Up to $35,000

First-time buyers working in FL

FL Assist

Up to $10,000

FHA, VA, or USDA borrowers

FL HLP Second Mortgage

Up to $10,000

First-time buyers, 0% deferred

Can You Afford This Home?

Quick check based on the 28% debt-to-income rule. Not a guarantee, just a starting point.

Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: November 3, 2026.

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