Rainbow Lakes
Homes for Sale in Pembroke Pines, FL

A small, distinctly platted section of Rainbow Lakes in Pembroke Pines with minimal recent transaction volume, meaning pricing and market rhythm here are driven by individual property attributes rather than predictable neighborhood cadence.

BeachesMLS sales records identify 188 homes in Rainbow Lakes that have changed hands since 2001, built between 1967 and 1983 (median 1978), with a median living area of about 1,929 sq ft and a typical 3-bedroom, 2-bath layout; 100% are single-family homes. Source: BeachesMLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

County records show 60 qualified sales in Rainbow Lakes across 2024–2025 (36 in 2024, 24 in 2025), median $620,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.

Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.

Rainbow Lakes is too small for its own price trend, so here is the market around it.

In ZIP 33024, 299 homes are on the market and 25% are under contract — a steady corner of Pembroke Pines.

Across Broward County, 14,300 homes are active and 3,189 pending (18% under contract).

In ZIP 33024 (Pembroke Pines), 680 homes closed in the last 12 months at a median of $490K ($355/sq ft), up 0.5% year over year, with a median 41 days on market. Right now 105 active and 38 pending listings put supply at about 3.9 months — a balanced market. See the live ZIP 33024 housing market and the Broward County market.

ZIP and county figures describe the wider market, not Rainbow Lakes specifically. Momentum Research analysis of MLS records.

Single-month snapshots with only one closing tell you the market is either very small, very stable, or both. In this sub-community, inventory turnover is slow enough that each sale becomes an outsized data point rather than part of a pattern. That is not a flaw; it is the nature of a tightly held enclave where owners stay put.

Without meaningful transaction volume, pricing becomes hyper-local. The home that closed may have been updated, original, waterfront, or interior—and that one data point now anchors buyer and seller expectations until the next sale resets the benchmark. Appraisers will look beyond this plat to the wider Rainbow Lakes community and comparable Pembroke Pines product, which means your offer or list strategy should do the same.

Broward MLS feed coverage here is current, but the community itself does not surface amenity or HOA detail in active listings. Buyers should verify dues, restrictions, and any lake or recreation access directly with the HOA or listing agent before assuming what the name Rainbow Lakes implies.

In thin-transaction communities, broker competence is the difference between a smooth close and a stalled deal. Momentum agents know how to build comps across plat lines, manage appraisal gaps when sample sizes are small, and set realistic timelines when there is no herd to follow. We will not over-promise velocity or invent comparables—we will triangulate value, price you correctly, and keep the deal moving when others would guess.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.