AMAZING COUNTRY PROPERTY!! Located in the small town of Lakewood in Northern Wayne county, this 3 bed 2 bath home is a one of a kind property that does not come along very often. This 12 acre parcel has much to offer, a large 3 car garage with radiant floor heating, a car lift and houses an outdoor furnace to heat both the garage and home. Another great feature is a stocked, 15 foot deep, 1 acre pond. Just beyond the pond is direct access to the Rails and Trails recreational trail system which is 16 miles in length and connects many fine eateries !! There are also 2 water sources , a drilled well that services the house and a dug well that can be used for gardening or farm animals. The home itself has a 520 sq ft Master suite has it's own private entrance. It includes a spacious living area, room for a king bed, closet, and full bathroom. It is located north of the vaulted beamed kitchen with radiant floor heat a central island, and locally sourced marble countertops. Both areas are walled with pine tongue & groove with a very inviting modern cabin feel. is a large sunroom room for living and dining while enjoying the outstanding views of the lower property, large pond, and rolling hills. Above the sun room there are two very quiet and comfortable bedrooms, a walk in closet, and a full bathroom. All 3 areas have spectacular views. Outdoor living is easy with approximately 2000 square feet of decking and a covered porch at the Master Suite's entrance. A secondary / backup oil burner furnace is located in 460 sq ft partially finished basement. With a Vermont Castings Stove propane heater providing ambiance and optional heat in the Master suite to round out the 3 heating options.
For sale
Price cut: $34K (6/9)
$645,000
124 Rainbow Rd, Lakewood, PA 18439
3beds
2,006sqft
Single Family Residence
Built in 1974
12 Acres Lot
$-- Zestimate®
$322/sqft
$-- HOA
What's special
Car liftWalk in closetLocally sourced marble countertops
- 47 days |
- 637 |
- 41 |
Zillow last checked:
Listing updated:
Listed by:
William R Phillips 570-647-8388,
RE/MAX WAYNE 570-253-9566,
Ryan Phillips 570-647-5536,
RE/MAX WAYNE
Source: PWAR as distributed by MLS GRID,MLS#: PW261200
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Area: 154.76
- Dimensions: 14.6 x 10.6
Bedroom 2
- Area: 120
- Dimensions: 12 x 10
Bedroom 3
- Area: 174
- Dimensions: 15 x 11.6
Primary bathroom
- Description: SHOWER
- Area: 48
- Dimensions: 8 x 6
Bathroom 2
- Area: 84
- Dimensions: 12 x 7
Family room
- Area: 340
- Dimensions: 20 x 17
Kitchen
- Description: PENNA. MARBLE COUTERTOPS
- Area: 255
- Dimensions: 17 x 15
Living room
- Area: 420
- Dimensions: 28 x 15
Heating
- Baseboard, Wood, Propane, Radiant Floor, Hot Water
Cooling
- Ceiling Fan(s)
Appliances
- Included: Built-In Gas Range, Washer, Water Heater, Gas Oven, Refrigerator, Microwave, Dishwasher
Features
- Beamed Ceilings, Vaulted Ceiling(s), Kitchen Island, Eat-in Kitchen
- Flooring: Carpet, Laminate
- Windows: Double Pane Windows
- Basement: Concrete,Storage Space,Walk-Out Access,Unfinished,Exterior Entry,Daylight
Interior area
- Total structure area: 2,006
- Total interior livable area: 2,006 sqft
- Finished area above ground: 2,006
- Finished area below ground: 639
Property
Parking
- Total spaces: 3
- Parking features: Garage, Off Street, Heated Garage, Gravel, Garage Door Opener
- Garage spaces: 3
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- Exterior features: Private Yard
- Has view: Yes
- View description: Pond, Rural
- Has water view: Yes
- Water view: Pond
- Body of water: None
- Frontage length: RAIL AND TRAILS 518 FT
Lot
- Size: 12 Acres
- Features: Back Yard, Secluded, Views, Sloped Down, Near Golf Course, Few Trees, Gentle Sloping, Cleared
Details
- Additional structures: Garage(s), Storage, Shed(s), Outbuilding
- Parcel number: 20001410039
- Zoning: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subtype: Single Family Residence
Materials
- Aluminum Siding, Stone
- Roof: Asphalt,Shingle
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1974
Utilities & green energy
- Electric: 150 Amp Service, Circuit Breakers
- Water: Well
- Utilities for property: Electricity Connected, Water Connected, Propane, Sewer Connected
Community & HOA
Community
- Security: Closed Circuit Camera(s)
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Lakewood
Financial & listing details
- Price per square foot: $322/sqft
- Tax assessed value: $282,900
- Annual tax amount: $5,007
- Date on market: 5/1/2026
- Cumulative days on market: 48 days
- Listing terms: Cash,VA Loan,FHA,Conventional
- Electric utility on property: Yes
- Road surface type: Dirt, Gravel
Estimated market value
Not available
Estimated sales range
Not available
$2,197/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/9/2026 | Price change | $645,000-5%$322/sqft |
Source:  PWAR as distributed by MLS GRID #PW261200 Report a problem | ||
| 5/1/2026 | Listed for sale | $679,000-9.5%$338/sqft |
Source: PWAR as distributed by MLS GRID #PW261200 Report a problem | ||
| 12/9/2025 | Listing removed | $750,000$374/sqft |
Source: PWAR as distributed by MLS GRID #PW253366 Report a problem | ||
| 10/6/2025 | Listed for sale | $750,000+194.1%$374/sqft |
Source: PWAR as distributed by MLS GRID #PW253366 Report a problem | ||
| 2/23/2008 | Sold | $255,000$127/sqft |
Source: PWAR as distributed by MLS GRID #075770 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,783 +3.2% | $281,100 |
| 2024 | $4,636 | $281,100 |
| 2023 | $4,636 -4.4% | $281,100 +45.3% |
| 2022 | $4,851 +1% | $193,400 |
| 2021 | $4,805 +0% | $193,400 |
| 2020 | $4,805 +4.2% | $193,400 |
| 2019 | $4,611 +6.4% | $193,400 |
| 2018 | $4,334 +330.1% | $193,400 |
| 2017 | $1,008 | $193,400 |
| 2016 | -- | $193,400 +22.8% |
| 2014 | -- | $157,500 |
| 2013 | -- | $157,500 |
| 2012 | -- | $157,500 |
| 2011 | -- | $157,500 |
| 2010 | -- | $157,500 |
| 2007 | -- | $157,500 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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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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Climate risks
Neighborhood: 18439
Getting around
0 / 100
Car-DependentNearby schools
GreatSchools rating
- 6/10Preston SchoolGrades: K-8Distance: 0.9 mi
- 9/10Honesdale High SchoolGrades: 9-12Distance: 22.1 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Pennsylvania
- Wayne County
- Lakewood
- 18439
- 124 Rainbow Rd
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