1959 Rainbow Drive

Off Market

1959 Rainbow Drive

Clearwater FL 33765

2931 sq. ft.

11888 sq. ft.

Other

Last sold for $600,000

Richie Koster, Jr, last sold this property on 11 December 2025 after 121 days on market.

Overview

Welcome to 1959 Rainbow Drive—a versatile multifamily treasure nestled in the Sky Crest neighborhood of Clearwater. Built in 1953 and spread across a generous 0.27-acre lot, this solid stucco structure spans a spacious 2,931 square feet of living space . Ideal for investors or owner-occupiers seeking income potential, this property features multiple rentable units (two efficiencies, two one-bedroom units, and one two-bedroom unit), each consistently leased and generating reliable rental income. Amenities include: Ample parking: Carports accommodate three full-sized vehicles plus one compact car On-site laundry facility Simplified utilities: A single water meter covers the entire property, While each unit has its own electric meter. Move-in-ready status: All units are functional with tenants in place. This is a fully operational rental business and is non-distressed. Situated in a convenient Clearwater locale, the property offers easy access to Clearwater Beach, Tampa Airport, Downtown Clearwater, and is well-positioned between thriving residential and commercial corridors.

Features

6 bedrooms

5 bathrooms

4 carspaces

4 carport spaces

2931 sq. ft. floor area

11888 sq. ft. lot size

Other

Estimated Value

We need at least 3 similar 6 bedroom other properties sold in Clearwater over the last 12 months.

Property history for 1959 Rainbow Drive

2025

Sold

$600,000

11 Dec 2025 by Richie Koster, Jr, of COASTAL PROPERTIES GROUP INTERNATIONAL

Happy sellers in Clearwater

87%

87% of sellers in Clearwater reported that their sale price either exceeded or met their price expectations.

Clearwater stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Clearwater over the last 12 months.

Local market activity for 6 bedroom other properties in Clearwater

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Clearwater for a market analysis.

Leidy Gonzalez Reyes

at MIRANDA LANDA REALTY GROUP LLC

(61 reviews)

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at FUTURE HOME REALTY INC

4.8

(67 reviews)

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at INSPIRED REALTY, LLC

(140 reviews)

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Jenn Cook

at BAHIA INTERNATIONAL REALTY

(4 reviews)

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Nearby agents

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Leidy Gonzalez Reyes

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2 Reviews in Clearwater
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Steve & Sandra Vigil

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Tyler Grisley

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