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Residential Land with Home for Auction in Crestview, Florida

246 Rainbow Dr, Crestview, FL 32539

$190,000 min
5.5 acres
Upcoming auction

Endless Possibilities on 5.5 Acres - A Rare Find! Welcome to your own slice of paradise! Nestled on 5.5 sprawling acres, this unique property offers endless potential and is perfect for hobbyists, homesteaders, or anyone seeking space and versatility. At the heart of the property is a 2020 mobile home in excellent condition, featuring 2 bedrooms and 2 full bathrooms. The interior is clean and modern, with appliances that are like new-having been rarely used. Outside, the opportunities are truly limitless. Multiple outbuildings provide flexible storage and workspace options, while a large workshop includes a secured area for tools and equipment, along with ample covered workspace to suit any project or passion. A greenhouse adds to the property's charm and functionality, perfect for year-round gardening (needs some TLC). Whether you're looking to create a self-sustaining lifestyle, start a small business, or simply enjoy peaceful rural living, this property has it all.Don't miss your chance to make this versatile property yours! Work Shop is approximately 40x40. The Studio is approximately 25x25. You also may have to opportunity to split the parcel if you don't want to keep all 5 acres.

840
Sq feet
2
Beds
2
Full baths
2020
Built

Auction details

Price
$190,000 minimum

Location

Street address
246 Rainbow Dr
Community
Meets & Bounds
Elevation
230 feet
Coordinates
30.7447, -86.386

Directions

From intersection of Hwy 285 & 90 turn west ...2.4 miles turn right on Rainbow drive...home will be on your right in quarter mile.

Property details

Acreage
5.51 acres
Zoning
Resid Single Family
MLS #
ECARMLS 973252
Posted

Property taxes

2024
$333

Parcels

  • 19-3N-21-37000-002-0031

Legal description

Details and features

Listing

Type
Residential
Franchise
Coldwell Banker Real Estate

Lot

Features
Cleared, Interior, Level, Wooded

Exterior

Parking
Carport, Covered, Oversize, RV
Pool
Porch
Structures
Greenhouse
Features
Lawn Pump, Yard Building

Structure

Stories
1
Water
Well
Sewer
Septic Tank
Heating
Central
Cooling
Central Air

Interior

Room Count
5
Rooms
Bathroom x 2, Bedroom x 2, Laundry Room
Flooring
Vinyl
Appliances
Dishwasher, Dryer, Elect Water Heater, Refrigerator, Stove/Oven Electric, Washer
Features
Breakfast Bar, Walls Paneled

Nearby schools

NameLevelDistrictDescription
Maude SaundersElementary
WaltonMiddle
WaltonHigh

Listing history

DateEventPriceChangeSource
Dec 12, 2025Relisted$190,000ECARMLS
Dec 8, 2025Listing removed$199,000ECARMLS
Apr 8, 2025New listing$209,000ECARMLS
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This 5.51-acre property is located at 246 Rainbow Dr in Crestview, FL 32539. The property is scheduled for auction. It has a 840 sq ft 2 bedroom, 2 bath house built in 2020.

Checked 1 hour ago — Updated

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Copyright (C) 2025 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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