Rainbow Lakes
Homes for Sale in Pembroke Pines, FL
All 860 homes for sale in Pembroke Pines, FL · median $309,950 · 95 homes for sale in 33024 · Broward County homes for sale
True comps, carrying-cost math, and listings before the portals.
Market Heat
Over the 12 months ending 2026-09-03, 9 recorded sales closed at a median of $600,000, $402 per square foot, a median 43 days on market, sellers accepting 99% of original asking (+3% versus the prior year). At the median price and Broward County's FY2025-26 rate of 19.84 mills, annual property tax runs about $11,910 ($11,080 with the full homestead exemption).
Sections of Rainbow Lakes in the MLS
Rainbow Lakes in Pembroke Pines, FL is recorded as 2 separate subdivisions/phases in the MLS; 6 homes are for sale across them today. Each section has its own page:
- Rainbow Lakes · 6 for sale
- Rainbow Lakes 77-28 B · 1 sold/12 mo
Rainbow Lakes sits in Pembroke Pines, in the heart of southwest Broward County, and price here is driven less by any single headline number than by condition and location within the community. Because we are working from a limited snapshot, treat any home you tour as its own case: updates, lot position, and water frontage will move value more than a neighborhood average ever could.
For a buyer, that means underwriting each listing on its merits rather than assuming a going rate. For a seller, it means presentation and condition are the levers you actually control. Come to the table with current, property-specific comps rather than a blanket assumption about what Rainbow Lakes 'should' trade for.
Rainbow Lakes right now
🟡 Still climbing. The trailing-12-month median ($600K) is up 3.4% from the prior 12 months ($580K) and up 175% since 2012. With about a dozen sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Beaches MLS closed sales, 12-month windows ending September 3. Confidence: Low (9 and 3 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated October 20, 2026 · Live data: Beaches MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
Nearby homes for sale
No active listings inside Rainbow Lakes right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
Rainbow Lakes market snapshot (as of September 3, 2026): the median sale price is about $600K ($402 per sq ft over the trailing 12 months of closed sales), and a median 43 days on market for closed sales. The trailing-12-month median is up 3% from the prior 12 months and up 175% since 2012, computed from record-level Beaches MLS closed sales (9 closings in the current window).
In ZIP 33024 (Pembroke Pines), 671 homes closed in the last 12 months at a median of $490K ($355/sq ft), up 0.4% 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.
BeachesMLS sales records identify 192 homes in Rainbow Lakes that have changed hands since 2001, built between 1967 and 1983 (median 1977), 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.
Rainbow Lakes is a Pembroke Pines community in southwest Broward, close to the region's east-west and north-south commuting arteries. Its appeal is location and the mix of homes within it, so the real story is found listing by listing rather than in a single average.
Who Rainbow Lakes is best for.
Best for
- Buyers prioritizing a central southwest Broward location and short trips to daily errands and major roads
- Buyers willing to underwrite each home on condition and lot position rather than a neighborhood average
- Owner-occupants looking for an established suburban home they intend to update or maintain over time
Probably not for
- Buyers set on new construction or a fully turnkey home with no work to do
- Buyers wanting large-acreage or rural lots rather than a built-out suburban setting
- Buyers who need a firm published price range before touring; here the answer comes property by property
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 3 of each year, from record-level Beaches MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($600K) IS the median in the snapshot above, and the move from 2025 ($580K) IS the +3.4% one-year change.
Windows contain 1 to 15 sales each (9 in the current window); every figure carries its sample size, and thin markets swing on single closings. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. Deemed reliable but not guaranteed.
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Broward 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 · Broward 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.
25% of homes for sale in ZIP 33024 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 (2026-08-30).
The Rainbow Lakes buying strategy.
If we were buying in Rainbow Lakes 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 Lakes.
What actually moves value in Rainbow Lakes
This is a Pembroke Pines address, which puts it inside one of Broward's most established built-out suburban corridors. The practical draws are access and everyday convenience: retail, dining, and major roadways are within reach, and the community's own layout, including its lakes, shapes which lots command a premium. We will not quote a price band we do not have, but we can walk you through how frontage, orientation, and updates separate the strong listings from the average ones.
Because we are not publishing a range here, do not read a single figure as the whole market. The spread in a community like this tends to be condition-driven: a renovated home and a dated one on the same street can be very different propositions. That is where a walk-through and a comp-by-comp read earn their keep.
The location and the amenities are priced into every listing in Rainbow Lakes. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Rainbow Lakes buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 3 factors (8.6). Basis: Long-Term Appreciation +175% since 2012; Recent Direction +3.4% year-over-year; Pricing Power 98.5% sale-to-list. Refreshed with each data update.
Why work with Momentum here
We cover southwest Broward as a home market, not a spreadsheet. In Rainbow Lakes that means we will tell you when a listing is priced on condition it does not have, when a lot position is worth paying up for, and when to walk. You get property-specific analysis and a straight answer, not a sales pitch.
Rainbow Lakes in 15 seconds.
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 Lakes 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 Lakes sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Rainbow Lakes, 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 Lakes home worth?
Get a no-obligation home value based on real comparable sales in Rainbow Lakes, 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 homes for sale in Rainbow Lakes on the map →
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Pembroke Pines guides & data
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- Property taxes (Broward County)
- Homestead exemption (Broward County)
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Florida buyer guides
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- Florida property tax calculator
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- The 4-point inspection, explained
- Florida flood insurance calculator
Real estate agent in Pembroke Pines? Join Momentum in Pembroke Pines: 100% commission, one $12K cap.
Recent Developments in Rainbow Lakes Pembroke Pines Broward
Development, infrastructure, retail, and school activity affecting Rainbow Lakes Pembroke Pines Broward, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated October 2026.
- October 2026Infrastructure
Broward Transit plans study of $1 billion light rail linking airport, Port Everglades and convention center
Broward County Transit plans to procure a Project Development and Environment study and preliminary engineering for a light-rail line costing just over $1 billion. It would connect Fort Lauderdale-Hollywood International Airport, Port Everglades and the convention center as part of the $4.3 billion PREMO plan. No construction timeline has been published.
What it may mean for the marketIf built, the line would improve transit access between the airport, seaport and convention center. The site is about 10 miles northeast of Rainbow Lakes Pembroke Pines Broward.
Source: Hoodline - October 2026Builder Activity
Weston approves 132 'Sky Homes' at 357 Racquet Club Road
The Weston City Commission approved plans on September 28, 2026 from H&M for 132 three-bedroom units in 11 four-story buildings around a courtyard on 6.6 acres. The site holds a defunct commercial building and was previously proposed for a 245-unit assisted living facility that did not proceed.
What it may mean for the marketThe project would add owner or rental housing inventory in Weston on a redeveloped commercial site. The project is about 8 miles northwest of Rainbow Lakes Pembroke Pines Broward, elsewhere in Broward County.
Source: Florida YIMBY - September 2026Development
HTG advances 84-unit affordable apartment tower 'The Mosaic' at 1708 N. Dixie Highway, Hollywood
Housing Trust Group filed plans under the Live Local Act for a 10-story building with 84 affordable units. HTG has the 21,261-square-foot site under contract for $2.6 million. No construction schedule has been published.
What it may mean for the marketThe project would add income-restricted rental inventory along the Dixie Highway corridor near Hollywood's downtown. The project is about 7 miles east of Rainbow Lakes Pembroke Pines Broward, elsewhere in Broward County.
Source: Florida YIMBY - September 2026Development
El-Ad National Properties renames $1 billion Davie project The Plaza Davie District
The first building at 4820 Park Way has topped out with 288 units, with Phase One targeted for early 2027. The three-phase project would total about 1,292 rental residences and 36,000 square feet of restaurant and retail space. Cost is reported at $1 billion.
What it may mean for the marketThe project adds rental inventory and walkable retail and dining in central Davie. The site is about 4 miles north of Rainbow Lakes Pembroke Pines Broward.
Source: Florida YIMBY - September 2026Infrastructure
JetBlue adds 14 nonstop routes from Fort Lauderdale-Hollywood International Airport
Eight routes launched in July 2026, including Chicago, Houston and Nashville, and six more are scheduled from October through November, including Barranquilla, Cali, Columbus, Indianapolis and San Diego. JetBlue ran nearly 130 daily departures at FLL in summer 2026 and expects more than 150 by year end.
What it may mean for the marketMore nonstop service expands travel options and airport-related activity for residents of Broward County. The site is about 8 miles northeast of Rainbow Lakes Pembroke Pines Broward.
Source: Nomad Lawyer - August 2026Development
Broward County seeks land use change for 154-acre mixed-use district around Amerant Bank Arena in Sunrise
Broward County submitted an application to the city of Sunrise to change the land use designation of a 154-acre site, much of it the arena parking lot. The concept includes about 1,400 multifamily units (15 percent affordable), 300,000 square feet of commercial space, 1.6 million square feet of office or educational space, 600 hotel rooms and about 10 acres of public space. Sunrise commissioners must act first, and an adoption hearing would likely follow within six months.
What it may mean for the marketIf approved, the plan would add housing supply, office and hotel space and retail access in west-central Broward over a multi-year buildout. The site is about 10 miles north of Rainbow Lakes Pembroke Pines Broward.
Source: The Hockey News
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
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Frequently Asked Questions
What is the median home price in Rainbow Lakes?
How long do homes in Rainbow Lakes take to sell?
Have Rainbow Lakes home prices gone up?
Who is the best real estate agent for Rainbow Lakes?
How do I find a top Pembroke Pines real estate agent who knows Rainbow Lakes?
Can Momentum Realty connect me with an agent for Rainbow Lakes?
Where is Rainbow Lakes, and what county is it in?
Should you buy in Rainbow Lakes?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | Beaches MLS closed sales, 12-month windows ending September 3, 2026 |
| Under-contract shares | Beaches MLS records, as of 2026-08-30 |
| Historical depth | Closed-sale records back to 2001 (136 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 Beaches 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 Beaches MLS member average and 8 days faster, and we’ll price yours against live your area comps.
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See how Rainbow Lakes fits the bigger picture — live prices, inventory, and Momentum Scores:
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