79 properties · Rainbow Point, Taupō

Rainbow Drive, Rainbow Point

Rainbow Drive in Rainbow Point has 79 properties, valued by the council between $680,000 and $4,390,000 with a median of $1,510,000 (Rainbow Point: $1,490,000). More of its homes were built in the 1960s than in any other decade. We estimate its homes at a median $1,530,000. 2 sold in the last twelve months. The highest sale in 2026 was 1/17 Rainbow Drive, at $767,000.

$1.51mmedian council valuation
$1.53mour median estimate
2sold in the last 12 months
1970median year built
TaupōRainbow Point ×Rainbow Drive ×

79 properties on Rainbow Drive, Rainbow Point

Highest and lowest on Rainbow Drive

Highest-valued home63 Rainbow Drive$4,390,000council valuation · 4 bed · 348 m² floor · 1,060 m² land
Lowest-valued home1/17 Rainbow Drive$680,000council valuation · 2 bed · 59 m² floor · 400 m² land
Highest sale in 20261/17 Rainbow Drive$767,000sold 13 Mar 2026 · 2 bed · 59 m² floor · 400 m² land

Property values on Rainbow Drive

The council values Rainbow Drive's 77 rated properties between $680,000 and $4,390,000. The middle half sit between about $1,067,000 and $2,379,000; the median is $1,510,000 and the mean $1,750,455.

Lowest: $680k$680kLowest10%: $854k20%: $996k20%30%: $1.14m40%: $1.26m40%Median: $1.51m60%: $1.72m60%70%: $1.98m80%: $2.78m80%90%: $3.01mHighest: $4.39m$4.39mHighest
BedroomsHomesMedian council valueSold, last 12 monthsMedian sale
12$1.04m0—
214$835k1—
330$1.44m0—
424$1.77m1—
5+6$2.88m0—

Council rating valuations: the council's figure for apportioning rates, not a market appraisal.

Rainbow Drive compared with Rainbow Point

Rainbow Drive's median council value is about the same as Rainbow Point's.

Rainbow DriveRainbow PointTaupō
Median council value$1.51m$1.49m$860k
Sold in the last 12 months2.5%3.2%3.3%
Time between sales17.3 yrs8.1 yrs6.8 yrs
Median section837 m²903 m²854 m²
Median year built197019801990
Council value per m² of floor$9k$8k$6k

Rainbow Drive house prices over time

Median sale price by year; 2026 is the year so far. A year with fewer than two sales has no bar.

2016: $597k (9 sales)$597k2017: too few sales to say (1 sale)20172018: $865k (4 sales)2019: $740k (5 sales)20192020: $1.08m (4 sales)2021: $1.9m (2 sales)20212022: $1.31m (6 sales)2024: $2.77m (2 sales)20242025: $3.05m (3 sales)$3.05m2026: too few sales to say (1 sale, this year so far)2026
Sales by year as a table
YearSalesMedian pricePer m² floor
20261$767,000$13,000
20253$3,050,000$13,864
20242$2,772,500$9,038
20226$1,310,000$11,565
20212$1,898,000$7,436
20204$1,076,000$3,977
20195$740,000$4,815
20184$865,000$4,858
20171$525,000$2,253
20169$597,000$3,318

Recent sales on Rainbow Drive

The homes on Rainbow Drive

Rainbow Drive has 53 houses, 21 units and townhouses, 4 apartments and 1 section. More were built in the 1960s than in any other decade (38%).

1900s: 1 (1 home)11900s1950s: 1 (1 home)1950s1960s: 29 (29 homes)291960s1970s: 16 (16 homes)1970s1980s: 10 (10 homes)1980s1990s: 9 (9 homes)1990s2000s: 7 (7 homes)2000s2010s: 3 (3 homes)32010s

How long owners stay on Rainbow Drive

Homes on Rainbow Drive that resold in the last five years had been held a median 17.3 years (Rainbow Point: 8.1 years).

Time between a home's sales, for 12 resales in the last five years. A home not sold since our records begin is not counted, so owners who stay longest are under-represented.

Building and resource consents on Rainbow Drive

12building consents in the last 5 years
  • 26 Rainbow Drive1 Jul 2026 · Building consentTo install a maxen St. Claire freestanding wood burner. A
  • 60 Rainbow Drive1 Jun 2026 · Building consentThe proposal is to remove the existing metal weatherboard
  • 21 Rainbow Drive1 Sept 2025 · Building consentNew soak pit to suit revised house drainage. Remove
  • 30 Rainbow Drive1 May 2025 · Building consentInstallation of insulation to external wall, currently detached dwgs
  • 21 Rainbow Drive1 Dec 2024 · Building consentAmendment: replace back deck with carport. New cladding to

Sales and valuations as at 11 September 2026, from council and LINZ records. Medians resting on fewer than 3 sales are not shown.

Agents who sold on Rainbow Drive

The real estate agents credited on Rainbow Drive sales since 2016, most first. Selling here? These are the agents who have sold your neighbours' homes. A count of sales, not a rating. Every agent who sold in Rainbow Point.

  1. Alison WhittleBayleys Taupo
    18 sales on Rainbow Drive · last Dec 2025
  2. Grant BayleyBayleys Taupo
    7 sales on Rainbow Drive · last Mar 2026
  3. Alisa ElsleyBayleys Taupo
    3 sales on Rainbow Drive · last Dec 2025
  4. Clare BayleyBayleys Taupo
    2 sales on Rainbow Drive · last Mar 2026
  5. Julie HoltHarcourts Rolleston
    1 sale on Rainbow Drive · last Jun 2020
  6. Stacey ZuccatiProperty Brokers Taupo
    1 sale on Rainbow Drive · last Jul 2017

59 sales on Rainbow Drive since 2016; 24 of them name an agent we can show, and the counts here are taken from those.

Every address on Rainbow Drive

79

About property on Rainbow Drive, Rainbow Point

Every property in Rainbow Drive, Rainbow Point, whether it is for sale or not: homes, sections, farms, lifestyle blocks, shops, offices and industrial land. Each is listed from the council rating roll and Toitū Te Whenua LINZ, with the listing beside it when an agent is marketing it.

Each property has its own page: our estimate of its value beside the council rating valuation, past sale prices, the title and land area, zoning and hazards, building consents, and what it would cost to own.

Listings are published by the agents who market them. Addresses, land details and rating valuations come from Toitū Te Whenua Land Information New Zealand and from the council. No ownership information is published.

Header photo: Phillip Capper from Wellington, New Zealand, CC BY 2.0, via Wikimedia Commons (licence).