605 RAINBOW BOULEVARD, LADY LAKE, FL, 32159
Active171 days on marketListed Feb 4, 2026MLS #G5107734
About this home
605 RAINBOW BOULEVARD
NO BOND! OFFERED TURNKEY! Perfectly situated in the desirable Orange Blossom Gardens community, this charming 2 Bdrm/2 Bath home is just moments from Silver Lake Recreation Center and a short golf cart ride to Spanish Springs Town Center. Step inside to a bright, open floor plan designed for both comfort and functionality. The sun-filled kitchen features stainless steel appliances, a breakfast bar, and ample cabinet and counter space—ideal for everyday living or entertaining. The spacious Great Room seamlessly combines the dining and living areas, while sliding doors lead to an enclosed lanai with sliding plexiglass windows—perfect for enjoying your morning coffee or unwinding in the evening. The guest bathroom has been beautifully upgraded and is handicap accessible with a walk-in shower, and the primary suite offers double-door entry, a walk-in closet, and a private ensuite bath. Updated FHA-compliant tie-downs provide added peace of mind, and double-pane windows enhance energy efficiency throughout the home. Additional features include a spacious indoor laundry room with extra storage, an attached golf cart garage with opener, an attached outside storage room, and a covered carport. This move-in ready home combines comfort, convenience, and location—schedule your showing today!
Facts & features
The home at a glance
2
Bedrooms
2
Bathrooms
1,144
Sqft
0.13 ac
Lot size
1988
Year built
One
Levels
$166
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$1,778 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$1,778/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
+5.8%
$/sqft vs Lady Lake actives
$166 vs $197
Days on market
171 vs 50 typical
Where $166/sqft sits among the 208 Lady Lake actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Lady Lake
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Lady Lake. See the full Lady Lake guide →
LADY LAKE 32159 — neighborhood snapshot
Population
30,846
Median age
68.7
Median income
$57,536
Median home value
$272,100
Avg household
1.83
Households w/ children
1,240
For the school run
Lake County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Lady Lake market
$306K → $305K
Lady Lake median sold, yr/yr
96.4%
Sale-to-list ratio (12 mo)
94 of 208
Lady Lake actives have cut their price
Median sold price, Lady Lake, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 40% below the LADY LAKE 32159 median. See the full Lady Lake market guide →
Paper trail
This home's history
Reality check
What actually sold near 605 RAINBOW BOULEVARD
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jul ’26$235,000
1625 PINEHURST DRIVE · same community
3 bd · 2 ba · 1,590 sqft · $148/sqft · 111 DOM
Sold · Feb ’26$385,000
632 DELGADO AVENUE
2 bd · 2 ba · 1,139 sqft · $338/sqft · 153 DOM
Sold · Jan ’26$284,900
1316 LAJOLLA CIRCLE
2 bd · 2 ba · 1,129 sqft · $252/sqft · 2 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 605 RAINBOW BOULEVARD — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 605 RAINBOW BOULEVARD — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
605 RAINBOW BOULEVARD FAQs
What would the monthly payment be for 605 RAINBOW BOULEVARD?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $1,778/mo — principal and interest, the actual property-tax bill, the $199/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 605 RAINBOW BOULEVARD?+
The association fee works out to $199 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 605 RAINBOW BOULEVARD?+
The most recent tax bill on record (2025) was $2,611. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 605 RAINBOW BOULEVARD?+
The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Lady Lake?+
At $189,900, this home is listed about 42% below the Lady Lake median of $325,000. The market section on this page shows how the area is trending.
Which schools are assigned to 605 RAINBOW BOULEVARD?+
The Villages Elementary Of Lady Lake School (elementary), Carver Middle School (middle), Leesburg High School (high) — Lake County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Under the LADY LAKE 32159 market on paper
$189,900 is 40% below the LADY LAKE 32159 median of $316,117, and at $166/sqft it sits under the Lady Lake average of $229.
02Move-in furnished
The furniture conveys — a genuine head start for a second home or rental, and one less five-figure line item after closing.
03Time on market is leverage
171 days on market against a Lady Lake median of 50 — sellers in this position are usually ready to negotiate.
04The price has already moved
Listed at $213,000, now $189,900 — a $23K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of CENTURY 21 ALTON CLARK · Ted Trawick. MLS #G5107734.
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 is deemed reliable but is not guaranteed accurate by Stellar MLS.
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