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!
For sale
Price cut: $6K (7/2)
$549,000
218 Rainbow Dr, Woodway, TX 76712
4beds
2,570sqft
Est.:
Single Family Residence
Built in 1963
1.02 Acres Lot
$-- Zestimate®
$214/sqft
$29/mo HOA
What's special
Beautifully treed one-acre lotPrivate wooded settingGenerous bedroomsPrivate bonus roomScenic walking trailsBreathtaking sunrises and sunsetsMature trees
- 83 days
- on Zillow |
- 888 |
- 40 |
Zillow last checked: 7 hours ago
Listing updated: July 24, 2025 at 04:25pm
Listed by:
Kevin Collins 0483618 254-741-1500,
Kelly, Realtors 254-741-1500
Source: NTREIS,MLS#: 20933981
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Primary bedroom
- Level: First
- Dimensions: 0 x 0
Living room
- Level: First
- Dimensions: 0 x 0
Appliances
- Included: Dishwasher, Electric Range, Electric Water Heater, Disposal
Features
- Eat-in Kitchen, Granite Counters, Kitchen Island, Open Floorplan
- Has basement: No
- Has fireplace: No
Interior area
- Total interior livable area: 2,570 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Additional Parking, Asphalt, Driveway, Garage, Garage Door Opener, On Site
- Garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Accessible Entrance
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 1.02 Acres
Details
- Parcel number: 362550000055000
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Detached
- Property subtype: Single Family Residence
- Attached to another structure: Yes
Condition
- Year built: 1963
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Available, Water Available
Community & HOA
Community
- Subdivision: Rainbow Lake
HOA
- Has HOA: Yes
- Services included: All Facilities
- HOA fee: $350 annually
- HOA name: Rainbow Lake
- HOA phone: 615-972-7190
Location
- Region: Woodway
Financial & listing details
- Price per square foot: $214/sqft
- Tax assessed value: $247,380
- Annual tax amount: $7,690
- Date on market: 5/13/2025
- Electric utility on property: Yes
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