218 Rainbow Dr Woodway, TX 76712
Estimated payment $3,711/month
Total Views
6,791
4
Beds
3
Baths
2,860
Sq Ft
$192
Price per Sq Ft
Highlights
- Open Floorplan
- Granite Countertops
- Accessible Entrance
- Woodway Elementary School Rated A
- Eat-In Kitchen
- Kitchen Island
About This Home
A Rare Find in the Heart of Woodway!
Nestled in a private, wooded setting surrounded by mature trees, scenic walking trails, and not one—but two tranquil private lakes, this exceptional home offers the perfect blend of nature, comfort, and convenience. Set on a beautifully treed one-acre lot, enjoy breathtaking sunrises and sunsets from multiple balconies that wrap around this inviting home.
Inside, you'll find a spacious, updated kitchen that opens to the dining and living areas—ideal for hosting family gatherings or entertaining friends. The main floor boasts three generous bedrooms and two full bathrooms, offering comfort and privacy for all. Upstairs, a private bonus room with a full bath provides the flexibility for a home office, guest suite, or creative studio.
Additional features include a detached 2-car garage, a large workshop, and direct frontage access to one of the serene lakes—perfect for fishing, kayaking, or simply relaxing by the water.
Don’t miss this rare opportunity to own a peaceful retreat just minutes from the conveniences of town. Welcome home to Woodway living at its finest!
Listing Agent
Kelly, Realtors Brokerage Phone: 254-741-1500 License #0483618 Listed on: 05/12/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,690
Year Built
- Built in 1963
Lot Details
- 1.02 Acre Lot
- Property fronts a private road
HOA Fees
- $29 Monthly HOA Fees
Parking
- 2 Car Garage
- Garage Door Opener
- Driveway
- Additional Parking
Interior Spaces
- 2,860 Sq Ft Home
- 2-Story Property
- Open Floorplan
Kitchen
- Eat-In Kitchen
- Electric Range
- Dishwasher
- Kitchen Island
- Granite Countertops
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
Schools
- Woodway Elementary School
- Midway High School
Additional Features
- Accessible Entrance
- Electric Water Heater
Community Details
- Association fees include all facilities
- Rainbow Lake Association
- Rainbow Lake Subdivision
Listing and Financial Details
- Legal Lot and Block 66 / A
- Assessor Parcel Number 362550000055000
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $7,690 | $440,321 | $0 | $0 |
| 2023 | $7,090 | $400,292 | $0 | $0 |
| 2022 | $7,486 | $363,902 | $0 | $0 |
| 2021 | $7,625 | $330,820 | $84,420 | $246,400 |
| 2020 | $7,459 | $319,720 | $79,980 | $239,740 |
| 2019 | $7,647 | $318,210 | $76,870 | $241,340 |
| 2018 | $3,928 | $160,600 | $72,870 | $87,730 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/02/2025 07/02/25 | Price Changed | $549,000 | -1.1% | $192 / Sq Ft |
| 06/02/2025 06/02/25 | Price Changed | $555,000 | -3.5% | $194 / Sq Ft |
| 05/12/2025 05/12/25 | For Sale | $575,000 | -- | $201 / Sq Ft |
Source: North Texas Real Estate Information Systems (NTREIS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | -- | None Listed On Document | |
| Vendors Lien | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Vendors Lien | -- | American Guaranty Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $286,000 | New Conventional | |
| Previous Owner | $284,000 | New Conventional | |
| Previous Owner | $258,011 | New Conventional |
Source: Public Records
Similar Homes in Woodway, TX
Source: North Texas Real Estate Information Systems (NTREIS)
MLS Number: 20933981
APN: 36-255000-005500-0
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Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2025. All rights reserved
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