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Price cut: $200K (3/30)

$1,295,000

741 Rainbow Rd, Bismarck, AR 71929

4beds

2,041sqft

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Single Family Residence

Built in 1968

5.5 Acres Lot

$-- Zestimate^®

$634/sqft

$-- HOA

What's special

Access to the lakeOpen concept

A rare find! One of the only houses on lake DeGray with access to the lake as well as an excellent view from the home. The house is a 4 bedroom/3 bath home well designed for privacy with an open concept in a secluded wooded setting. Additionally, the property has a cottage guest house and an open barn for storage. This is a unique, one of a kind property with direct access to lake DeGray.

350 days

363

5

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3
Full bathrooms: 3

Rooms

Room types: Basement

Dining room

Features: Separate Dining Room, Breakfast Bar

Heating

Electric

Cooling

Electric

Appliances

Included: Microwave, Dishwasher, Disposal, Refrigerator, Electric Water Heater
Laundry: Washer Hookup, Electric Dryer Hookup, Laundry Room

Features

Kit Counter-Formica, Sheet Rock, Primary Bedroom Apart, Guest Bedroom Apart
Flooring: Carpet, Vinyl
Has fireplace: Yes
Fireplace features: Woodburning-Site-Built

Interior area

Total structure area: 2,041
Total interior livable area: 2,041 sqft

Property

Parking

Parking features: Parking Pad

Features

Levels: Two
Stories: 2
Has view: Yes
View description: Lake
Has water view: Yes
Water view: Lake
Waterfront features: Lake Front

Lot

Size: 5.5 Acres
Features: Level

Details

Parcel number: 66520002000

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional
Property subtype: Single Family Residence

Materials

Frame, Stone
Foundation: Slab/Crawl Combination
Roof: Shingle

Condition

New construction: No
Year built: 1968

Utilities & green energy

Sewer: Public Sewer

Community & HOA

Community

Subdivision: FRED SHEETS

HOA

Has HOA: No

Location

Region: Bismarck

Financial & listing details

Price per square foot: $634/sqft
Tax assessed value: $201,850
Annual tax amount: $2,019
Date on market: 6/20/2025
Listing terms: Conventional,Cash
Road surface type: Dirt, Gravel

Estimated market value

Not available

Estimated sales range

Not available

$1,880/mo

Price history

Date	Event	Price
3/30/2026	Price change	$1,295,000-13.4%$634/sqft
Source: TMLS #117967 Report a problem
6/16/2025	Listed for sale	$1,495,000+40491.9%$732/sqft
Source: TMLS #117967 Report a problem
8/31/2018	Sold	$3,683$2/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,019	$40,370
2024	$2,019	$40,370
2023	$2,019	$40,370
2022	$2,019 +23.1%	$40,370 +23.1%
2021	$1,640	$32,791 +10%
2020	--	$29,810
2019	$1,491	$29,810
2018	$1,491 +0%	$29,810
2017	$1,490	$29,810
2016	$1,490 +2.1%	$29,810 +2.1%
2015	$1,459	$29,185
2014	$1,459	$29,185
2013	$1,459	$29,185
2012	$1,459	$29,185 -5.7%
2011	--	$30,935 +5.1%
2010	$1,472 +56.9%	$29,444 +14.3%
2009	$938 +7%	$25,763 +5%
2008	$877 +48.2%	$24,536 +4.5%
2007	$592	$23,469
2006	--	$23,469 +10%
2005	--	$21,335

Find assessor info on the county website

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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