5398 Rainbow Parkway, Toomsuba, MS 39364
$459,000
Property Type:
Residential-Outside
Bedrooms:
3
Baths:
2.5
Square Footage:
3,365
Status:
Active
Current Price:
$459,000
List Date:
2/23/2026
Last Modified:
2/23/2026
Description
Get ready for amazing lakefront living with an incredible setting to make the most of being on the water! This one owner, custom built home features hundreds of feet of seawall, a boat house and a gazebo! This property is located in the Northeast area of Lauderdale County in a gated community. If you're looking for a peaceful place to wake up to, daily water views from nearly every window, this is your spot!
More Information MLS# 26-164
None
Realtor.COM Type: Residential-Single Family
Book Section: Residential - Outside
Contract Information
Flood Insurance Required: N
HOA Y/N: Yes
Fees: $450 + $240 sewer
Foreclosure: No
Frequency: Yearly
HOA Contact Name: Gary Newell
Current Price: $459,000
Status: Active
Begin Date: 2026-02-23
List Price: $459,000
Property Identification
Total Bedrooms: 3
Stories: 1.5
Total Bathrooms: 2.5
Total Rooms: 8
Garage Type: Attached
Garage Stall: 2
Garage Remarks: Garage
Age: 28
Year Built: 1998
Lot Size: multiple waterfront
Condition: Excellent
Schools: Northeast
Rent: No
Exceptions: N
Mobile (Y/N): N
Basement: None
Waterfront: Yes
Total SqFt.: 3365
Total Full Baths: 2
Total Half Baths: 1
Location, Tax and Legal
Taxes: 2839.3
Homestead (Y/N): Yes
Tax Year: 2025
Homestead Year: 2025
Construction
Foundation: Slab
Roof: Metal Roof
Roof Age: 28
Construction: Combination
Utilities
Air G/E/O: Electric
Air Conditioning: Heat Pump
Cable: Yes
Heat G/E/O: Electric
Heat: Heat Pump Heat
Sewer: Lagoon
Water: Russell Utilities
Water Heater Y/N: Yes
Water Heater: Gas
Appliances
Dishwasher: Yes
Garbage Disposal: Yes
Microwave: Yes
Range (Y/N): Yes
Range: Electric
Refrigerator: Yes
Amenities
Deck: Yes
Fence: No
Fireplace #: 2
Fireplace Type: Gas Logs
Fireplace Insert: Yes
Patio: No
Storage Buildings: Yes
Swimming Pool: No
Financing
Possession: Date of Deed
Walls
Sheet Rock: 1
Location Tax and Legal
Area: 002 Outside City-Laud. County
House Number: 5398
Street Name: Rainbow
Street Sfx: Parkway
State/Province: MS
Postal Code: 39364
County: Lauderdale
Subdivision: Rainbow Lakes
Property Features
Walls: Sheet Rock
Listing Office:
BOYD WILLIAMS REAL ESTATE
Listing Agent:
Berea Howard
Last Updated: February - 23 - 2026
Information deemed reliable but not guaranteed.