Lot ready for mobile home or new build today. Build your dream home or develop two residential homes on this rare 1.44 acre property. The land already includes septic, electricity access, and public water connection. The property has road frontage on both Rainbow Road and Success Way. Located in an established neighborhood with quick access to downtown Tallahassee, this property offers a unique opportunity for homeowners, builders, or investors.
Sold for $60,000
$60,000
1395 Rainbow Rd, Tallahassee, FL 32305
--beds
--baths
1.44Acres
Unimproved Land
Built in ----
1.44 Acres Lot
$65,100 Zestimate®
$--/sqft
$1,612 Estimated rent
Home value
$65,100
$61,000 - $74,000
$1,612/mo
Zestimate® history
Owner options
List your home for rent
$1,612/mo
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$1,612/mo
Rent Zestimate®
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$343/mo
Est. payment
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$343/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
ReAndra Clayton Gumbs 850-296-7322,
Keller Williams Town & Country
Bought with:
Wallisa Cobb, 3130847
Cobb Realty & Investment Compa
Source: TBR,MLS#: 400024
Facts & features
Property
Lot
- Size: 1.44 Acres
- Features: 1 or More Acres, Corner Lot, Level
- Topography: Cleared,Level
- Residential vegetation: Grassed
Details
- Additional structures: None
- Parcel number: 120734123150000420
- Special conditions: Standard
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Electricity Available, Phone Available, Septic Available, Water Available
Community & HOA
Community
- Subdivision: SUB OF 25 AC TRACT
Location
- Region: Tallahassee
Financial & listing details
- Tax assessed value: $30,300
- Annual tax amount: $448
- Date on market: 5/17/2026
- Cumulative days on market: 85 days
- Listing terms: Cash,Conventional,FHA
- Electric utility on property: Yes
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 8/10/2026 | Sold | $60,000-14.3% |
Source:  TBR #400024 Report a problem | ||
| 7/16/2026 | Contingent | $70,000 |
Source: TBR #400024 Report a problem | ||
| 6/5/2026 | Listed for sale | $70,000 |
Source: TBR #400024 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $448 -0.1% | $30,300 |
| 2024 | $449 -23.8% | $30,300 -23.4% |
| 2023 | $590 -8.7% | $39,566 +4.7% |
| 2022 | $646 -0.5% | $37,775 +2.2% |
| 2021 | $649 +1.1% | $36,974 -0.6% |
| 2020 | $642 -1.7% | $37,204 -0.6% |
| 2019 | $653 | $37,434 -1% |
| 2018 | $653 -1.9% | $37,810 -0.6% |
| 2017 | $665 -9% | $38,044 -1.2% |
| 2016 | $731 | $38,514 -1% |
| 2015 | $731 | $38,897 -1.4% |
| 2014 | $731 | $39,442 -1.2% |
| 2013 | -- | $39,911 -1.1% |
| 2012 | -- | $40,349 -10.4% |
| 2011 | -- | $45,028 +15.8% |
| 2010 | -- | $38,880 +2.7% |
| 2009 | -- | $37,858 +0.1% |
| 2008 | -- | $37,820 -36% |
| 2007 | -- | $59,061 +48.3% |
| 2006 | -- | $39,823 +15.1% |
| 2005 | -- | $34,585 |
| 2004 | -- | $34,585 -11.3% |
| 2003 | -- | $38,980 +18.2% |
| 2002 | -- | $32,989 +6.7% |
| 2001 | -- | $30,921 |
| 2000 | $116 | $30,921 |
Find assessor info on the county website
Neighborhood: 32305
Nearby homes
- $135,3004 bd2 ba1.8k sqft1391 Rainbow Rd, Tallahassee, FL 32305Off Market
- $22,0793 bd2 ba1.2k sqft1324 Success Way, Tallahassee, FL 32305Off Market
- $1-- bd-- ba-- sqft1397 Rainbow Rd, Tallahassee, FL 32305Off Market
- $1-- bd-- ba-- sqft4006 Penelope Rd, Tallahassee, FL 32305Off Market
- $260,6004 bd3 ba2.5k sqft1536 Rainbow Rd, Tallahassee, FL 32305Off Market
- $62,731-- bd-- ba2.4k sqft1540 Rainbow Rd, Tallahassee, FL 32305Off Market
- $109,2003 bd2 ba1.7k sqft1387 Rainbow Rd, Tallahassee, FL 32305Off Market
- $1-- bd-- ba-- sqft4008 Penelope Rd, Tallahassee, FL 32305Off Market
Nearby schools
GreatSchools rating
- 2/10Oak Ridge Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 2/10R. Frank Nims Middle SchoolGrades: 6-8Distance: 1.5 mi
- 3/10James Rickards High SchoolGrades: 9-12Distance: 2.6 mi
Schools provided by the listing agent
- Elementary: OAK RIDGE
- Middle: NIMS
- High: RICKARDS
Source: TBR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- Florida
- Leon County
- Tallahassee
- 32305
- 1395 Rainbow Rd
