Rainbow Groves
Homes for Sale in Fort Myers, FL
All 1,305 homes for sale in Fort Myers, FL · median $235,900 · 310 homes for sale in 33905 · Lee County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Florida Gulf Coast MLS
As of October 2026, Rainbow Groves in Fort Myers, FL has 2 homes for sale. As of October 2026, the MLS records 59 closed sales in Rainbow Groves in Fort Myers, FL since 2014, the most recent in June 2025. Recorded prices since 2024 ran from $120,000 to $319,900 (median $234,000), on homes of 720 to 1,664 sq ft. Across Fort Myers as a whole, 12 homes closed in the last 12 months at a median of $345,000, 64 median days on market, with 1,907 homes for sale today. At that median and Lee County's FY2025-26 rate of 15.97 mills, annual property tax runs about $3,740 ($3,070 with the full homestead exemption).
| Location | Fort Myers, Lee County, FL · ZIP 33905, 33916 |
|---|---|
| Homes in the community | 190 (FL DOR 2025 assessment roll) |
| Years built | 1952–2024 (median 1977.0) |
| Typical living area | 3,501 sq ft (median) |
| For sale right now | 2 active, 0 pending · median asking $295,450 |
| Owner-occupied (homestead) share | 59% |
Data as of September 20, 2026. Listing information provided by the Florida Gulf Coast Multiple Listing Service, Inc. Information is deemed reliable but not guaranteed by the MLS to be accurate; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Rainbow Groves key facts,” movewithmomentum.com/neighborhoods/rainbow-groves, data as of September 20, 2026.
The market around Rainbow Groves
Rainbow Groves is too small for its own price trend, so here is the market around it.
In ZIP 33905, 393 homes are on the market and 18% are under contract — a steady corner of Fort Myers.
Across Lee County, 7,579 homes are active and 1,646 pending (18% under contract).
ZIP and county figures describe the wider market, not Rainbow Groves specifically. Momentum Research analysis of MLS records.
Housing distress & ownership in Rainbow Groves, Fort Myers
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Listing information provided by the Florida Gulf Coast Multiple Listing Service, Inc. Information is deemed reliable but not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.
Homes For Sale Right Now in Rainbow Groves
Live MLS inventory for Rainbow Groves. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active and pending Rainbow Groves listings as of 2026-10-01, priced high to low. Listing information provided by the Florida Gulf Coast Multiple Listing Service, Inc. Information is deemed reliable but not guaranteed by the MLS to be accurate. Tap any home to ask about it.
Every Home for Sale in Rainbow Groves Right Now (2)
All 2 active and pending Rainbow Groves listings with a detail page, newest first, refreshed twice a day from the MLS.
- 367 Rosemont Dr · $270,000 · 4 bd / 2 ba · listed Sep 10, 2026 · listed by Dong Realty LLC
- 4028 Manning Ave · $315,900 · 4 bd / 2 ba · listed Aug 12, 2026 · listed by Marzucco Real Estate
The Rainbow Groves buying strategy.
If we were buying in Rainbow Groves today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Rainbow Groves.
A closer look at the Rainbow Groves market
The housing stock is 190 homes built between 1952 and 2024, and 59% of parcels are homesteaded — the owner-occupancy proxy in the Florida DOR assessment roll.
The location and the amenities are priced into every listing in Rainbow Groves. The deal is won or lost on condition, the comps, and the renovation math.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Rainbow Groves buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Rainbow Groves sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Rainbow Groves, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Rainbow Groves home worth?
Get a no-obligation home value based on real comparable sales in Rainbow Groves, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See all homes for sale in Fort Myers →
12% of homes for sale in ZIP 33916 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-10-01).
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Lee County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Lee County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.
Frequently Asked Questions
How many homes are in Rainbow Groves?
What share of Rainbow Groves is owner-occupied?
When were the homes in Rainbow Groves built?
Who is the best real estate agent for Rainbow Groves?
How do I find a top Fort Myers real estate agent who knows Rainbow Groves?
Can Momentum Realty connect me with an agent for Rainbow Groves?
Where is Rainbow Groves, and what county is it in?
Data sources & freshness
| Live listings | Florida Gulf Coast MLS, refreshed twice daily (last: October 1, 2026) |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (2 streets, ZIP 33905/33916)) |
| Under-contract shares | Florida Gulf Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2014 (59 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Florida Gulf Coast MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Florida Gulf Coast MLS member average and 8 days faster, and we’ll price yours against live local comps.
Looking to buy here? Search homes for sale →
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A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how Rainbow Groves fits the bigger picture — live prices, inventory, and Momentum Scores:
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