$200,000
$50K PRICE DROP

TBD Rainbow Dr Woodway, TX 76712

Total Views 12,038
0.21 Acre
$952,381 Price per Acre
9,148 Sq Ft Lot

Highlights

  • Waterfront
  • Woodway Elementary School Rated A
  • Many Trees

About This Lot

Secretive, hidden, and seemingly isolated yet just 60 seconds from CVS, Walgreens, HEB, and even Woodway Elementary School, Rainbow Lake is coveted for offering a peaceful retreat that's arguably one of the most convenient settings in all of Woodway! -- This lot, one of the last remaining waterfront sanctuaries, is now coming to the market as the ultimate, final opportunity to build a lakefront home which allows water entry from your backyard. What's more, this heavily treed, untouched retreat is unspoiled and raw, just as mother nature intended. -- Primed and ready for construction of your dream home (with or without the help of the owner), there simply is not a better, more attractive spot to construct your next home in all of McLennan County. Private road access limits traffic exclusively to neighbors while City of Woodway amenities ensure peace of mind relative to utilities and services. -- Whether you wish to swim, kayak, fish, paddleboard, or simply enjoy the peaceful, serene setting in what feels like you're miles out of town without sacrificing the inconvenience and the inefficiency of remote living; there's not place like this to call home.
Call or text to tour this distinctive opportunity. -- Mark Twain once advised 'buy land, they're not making it anymore'. While that's true, once this property is sold, unspoiled lakeside land in the Heart of Woodway will become extinct. This is literally a once in a lifetime opportunity. Call Matthew to realize your dream today!

Listing Agent

Matthew McLeod

The McLeod Company License #575417 Listed on: 07/18/2025

Property Details

Property Type

  • Land

Lot Details

  • 9,148 Sq Ft Lot
  • Waterfront
  • Many Trees

HOA Fees

  • $50 Monthly HOA Fees

Location

  • City Lot

Schools

  • Woodway Elementary School
  • Midway Middle School
  • Midway High School

Community Details

  • Association fees include ground maintenance
  • Rainbow Lake Owners Association
  • Rainbow Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 145321

Property Details

Property Type

Land

Lot Details

9,148 Sq Ft Lot

HOA Fees

$50 per month

Listing Details

  • OWNERNAME: JD King
  • Property Type: Land
  • Property Sub Type: Unimproved Land
  • Co List Office Mls Id: A8295907
  • HumanModifiedYN: Yes
  • UniversalParcelId: urn:reso:upi:2.0:US:48309:145321
  • Special Features: VirtualTour

Exterior Features

  • Waterfront: Yes

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Grounds
  • Association Fee: 50.0
  • Association Fee Frequency: Monthly
  • Association Name: Rainbow Lake Owners Association

Schools

  • Elementary School: Woodway
  • High School: Midway
  • Junior High Dist: Midway ISD

Lot Info

  • Lot Features: Many Trees, Waterfront, City Lot
  • Lot Size Units: Acres
  • Lot Size Area: 0.21
  • Parcel Number: 145321
  • Lot Size Acres: 0.21
  • Lot Size Sq Ft: 9147.6
  • Zoning Description: R-1

Multi Family

  • WaterfrontFeatures: Waterfront

MLS Schools

  • MiddleOrJuniorSchool: Midway

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/13/2025 11/13/25 Price Changed $200,000 -20.0% --
07/18/2025 07/18/25 For Sale $250,000 -- --
Source: North Texas Real Estate Information Systems (NTREIS)

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20976754

North Texas Real Estate Information Systems (NTREIS)
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