$399,000

137 Rainbow Dr Hardy, AR 72542

Estimated payment $2,218/month

Total Views 16,324
4 Beds
3 Baths
2,448 Sq Ft
$163 Price per Sq Ft

Highlights

  • Hot Property
  • River Nearby
  • Vaulted Ceiling
  • Lake Front
  • Community Lake
  • 3-Story Property

About This Home

Tucked away on 13.62± surveyed acres in the rolling Ozark hills, this Rainbow Lake retreat offers the rare combination of privacy, space, and convenience. Surrounded by mature trees and abundant wildlife, you’ll feel miles from it all while downtown Hardy and the world-famous Spring River are less than five minutes away. Inside, a striking floor-to-ceiling native stone fireplace, vaulted ceilings, warm wood floors, & a spacious custom kitchen with ceramic tile create an inviting place to gather. The screened porch overlooks peaceful woods and provides the perfect spot for morning coffee or quiet evenings. The top level features a spacious primary suite with a large walk-in closet, plus a laundry chute while the lower level offers an additional 2 rooms, full bath, laundry area, & extra storage. Outside, the detached 3-car garage includes a huge unfinished upper level ready for guest quarters, an apartment, game room, studio, or workshop. With a brand new heat pump, fresh coat of paint, 2022 architectural roof, city water and sewer, cleared lawn areas, outside storage buildings, & possible chicken coop!

Listing Agent

Jessie Friend

Coldwell Banker Ozark Real Estate Company Listed on: 06/16/2026

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
  • Rural Setting
  • Level Lot

Home Design

  • 3-Story Property
  • Combination Foundation
  • Rock and Frame
  • Architectural Shingle Roof
  • Wood Siding

Interior Spaces

  • 2,448 Sq Ft Home
  • Built-in Bookshelves
  • Sheet Rock Walls or Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Insulated Windows
  • Window Treatments
  • Insulated Doors
  • Formal Dining Room
  • Bonus Room
  • Game Room
  • Workshop
  • Screened Porch
  • Lake Views
  • Attic Ventilator
  • Basement

Kitchen

  • Breakfast Bar
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Laundry Chute
  • Washer and Electric Dryer Hookup

Parking

  • 4 Car Garage
  • Carport
  • Parking Pad

Outdoor Features

  • River Nearby
  • Patio
  • Outdoor Storage
  • Shop

Utilities

  • Central Air
  • Heat Pump System
  • Programmable Thermostat
  • Electric Water Heater

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

  • Restrictions: Ordinances
  • Class: Residential
  • Style: Ranch
  • Ext Features: Patio, Screened Porch, Outside Storage Area, Guttering, Shop, Video Surveillance, Covered Patio
  • Inside City Limits: Yes
  • Lake: Yes
  • Lake Name: Rainbow Lake
  • LVT Date: 06/16/2026
  • Road Surface: Paved
  • Street Designation: Drive
  • Type: Rural Residential
  • 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: Separate Dining Room, Breakfast Bar
  • Fireplace: Gas Logs Present
  • Bedrooms: 2 Bedrooms Same Level, 2 Bedrooms Upper Level, 2 Bedrooms Lower Level
  • Estimated Sq Ft: 2448
  • Bedrooms: 4
  • Floors: Vinyl, Tile
  • Foundation: Slab/Crawl Combination
  • Full Bathrooms: 3
  • Interiors: Washer Connection, Dryer Connection-Electric, Water Heater-Electric, Window Treatments, Walk-In Closet(s), Laundry Chute, Built-Ins, Ceiling Fan(s), Walk-In Shower, Breakfast Bar
  • Kitchen Equip: Microwave, Electric Range, Dishwasher, Disposal, Trash Compactor, Pantry, Refrigerator-Stays, Ice MacHine
  • Other Rooms: Game Room, Workshop/Craft, Bonus Room, Laundry, Basement
  • Stories: Tri-Level
  • Walls Ceilings: Sheet Rock, Sheet Rock Ceiling, Vault Ceiling

Exterior Features

  • Exterior: Rock & Frame, Cypress
  • Roof: Architectural Shingle

Garage/Parking

  • Parking: Garage, Carport, Parking Pads, Three Car, Four Car Or More

Utilities

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

Lot Info

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

Green Features

  • Energy Features: Insulated Windows, Insulated Doors, Attic Vent-Electric
  • Green Features: Programmable Thermostat

Tax Info

  • Annual Taxes: 804

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/16/2026 06/16/26 For Sale $399,000 -- $163 / Sq Ft
Source: Cooperative Arkansas REALTORS® MLS

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 26024253

Cooperative Arkansas REALTORS® MLS
Your Personal Tour Guide

Ask me questions while you tour the home.