$399,000
$40K PRICE DROP

137 Rainbow Dr Hardy, AR 72542

Estimated payment $2,166/month

Total Views 7,887
3 Beds
3 Baths
2,448 Sq Ft
$163 Price per Sq Ft

Highlights

  • Lake Front
  • Community Lake
  • Vaulted Ceiling
  • River Nearby
  • Wooded Lot
  • Traditional Architecture

About This Home

Cradled in your own private corner of the Ozark hills & spread across 13.62 surveyed acres, this Rainbow Lake home welcomes you like an old friend-quiet, peaceful, & full of country charm. Deer wander the ridge at sunrise, turkeys cross the clearing, & the world feels still yet downtown Hardy & the Spring River are less than five minutes away. Walk into the foyer with the rock floor flowing into the fireplace to set the tone, warm wood floors, vaulted living room ceiling. Custom kitchen, cabinets stretching along walls like they were built for a lifetime of family meals, porcelain tile floors & breakfast bar feels like the place where stories are shared. Step onto the screened-in porch and breathe in the peace only country living can give. Upstairs holds 2 bedrooms & 2 baths plus a spacious primary suite with a large walk-in closet. Downstairs gives you another bedroom, a bonus room for a possible 4th, a full bath, laundry, & even a laundry chute from above. Outside sits a detached 3-car garage with a huge upstairs space ready for an apartment, game room, or whatever you can dream up. With a 2022 architectural roof, city water & sewer, and a mix of cleared land & private woods!

Listing Agent

Jessie Friend

Coldwell Banker Ozark Real Estate Company Listed on: 12/09/2025

Coldwell Banker Ozark Real Estate Company

Co-Listing Agent

Jeff Stone

Coldwell Banker Ozark Real Estate Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $804

Year Built

  • Built in 1979

Lot Details

  • 13.62 Acre Lot
  • Lake Front
  • Level Lot
  • Cleared Lot
  • Wooded Lot

Home Design

  • Traditional Architecture
  • Country Style Home
  • Combination Foundation
  • Architectural Shingle Roof
  • Wood Siding

Interior Spaces

  • 2,448 Sq Ft Home
  • 3-Story Property
  • Sheet Rock Walls or Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Insulated Windows
  • Insulated Doors
  • Family Room
  • Formal Dining Room
  • Home Office
  • Bonus Room
  • Workshop
  • Screened Porch
  • Lake Views
  • Unfinished Basement

Kitchen

  • Breakfast Bar
  • Electric Range
  • Dishwasher
  • Trash Compactor

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Parking

  • 5 Car Detached Garage
  • Carport
  • Parking Pad

Outdoor Features

  • River Nearby
  • Patio
  • Outdoor Storage
  • Shop

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater
  • Water Softener

Community Details

  • Community Lake
  • Video Patrol

Home Details

Home Type

Single Family

Est. Annual Taxes

$804

Year Built

Built in 1979

Lot Details

13.62 Acres

Listing Details

  • Class: Residential
  • Style: Traditional, Country
  • Ext Features: Patio, Screened Porch, Outside Storage Area, Shop, Video Surveillance, Covered Patio
  • Inside City Limits: Yes
  • Lake: Yes
  • Lake Name: Rainbow Lake
  • LVT Date: 12/10/2025
  • Road Surface: Paved
  • Street Designation: Drive
  • Type: Detached
  • Warranty: As-Is, Prsnt Cnd At Clsng
  • Estimated Year Built: 1979
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1979

Interior Features

  • Dining Room: Breakfast Bar, Separate Dining Room
  • Fireplace: Woodburning-Site-Built
  • Bedrooms: 2 Bedrooms Upper Level, 2 Bedrooms Lower Level
  • Estimated Sq Ft: 2448
  • Bedrooms: 3
  • Floors: Wood, Tile
  • Foundation: Slab/Crawl Combination
  • Full Bathrooms: 3
  • Interiors: Washer Connection, Dryer Connection-Electric, Water Heater-Electric, Walk-In Closet(s), Ceiling Fan(s), Walk-In Shower, Breakfast Bar
  • Kitchen Equip: Electric Range, Dishwasher, Trash Compactor, Refrigerator-Stays, Water Softener
  • Other Rooms: Den/Family Room, Office/Study, Workshop/Craft, Bonus Room, Unfinished Space, Laundry, Basement
  • Stories: Tri-Level
  • Walls Ceilings: Sheet Rock

Exterior Features

  • Exterior: Cypress
  • Roof: Architectural Shingle

Garage/Parking

  • Parking: Garage, Carport, Parking Pads, Three Car, Detached, Five Car Or More

Utilities

  • Utilities: Sewer-Public, Water-Public, Elec-Municipal (+Entergy)
  • Heat Air: Central Cool-Electric, Central Heat-Electric, Central Heat-Woodburning, Heat Pump

Lot Info

  • Estimated Lot Size: 13.62
  • Estimated Lot Size: 13.62acres+/-
  • Lot: Sloped, Level, Wooded, Cleared, River/Lake Area, Lake View, Lake Front
  • Geo Subdivision: AR

Green Features

  • Energy Features: Insulated Doors, Insulated Windows

Tax Info

  • Annual Taxes: 804

Map

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Property History

Date Event Price List to Sale Price per Sq Ft
02/13/2026 02/13/26 Price Changed $399,000 -9.1% $163 / Sq Ft
12/09/2025 12/09/25 For Sale $439,000 -- $179 / Sq Ft
Source: Cooperative Arkansas REALTORS® MLS

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 25048466

Cooperative Arkansas REALTORS® MLS
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