Skip main navigation
Active under contract
    • Price cut: $39.1K (7/22)
    $359,900

    137 Rainbow Dr, Hardy, AR 72542

    4beds
    2,448sqft
    : 
    $2,242/mo
    Get pre-qualified
    Single Family Residence
    Built in 1979
    13.62 Acres Lot
    $381,100 Zestimate®
    $147/sqft
    $-- HOA

    What's special

    Rolling ozark hillsSurrounded by mature treesSpacious primary suiteLaundry chuteAbundant wildlifeLarge walk-in closetOutside storage buildings
    Tucked away on 13.62± surveyed acres in the rolling Ozark hills, this Rainbow Lake retreat offers the rare combination of privacy, space, and convenience. Surrounded by mature trees and abundant wildlife, you’ll feel miles from it all while downtown Hardy and the world-famous Spring River are less than five minutes away. Inside, a striking floor-to-ceiling native stone fireplace, vaulted ceilings, warm wood floors, & a spacious custom kitchen with ceramic tile create an inviting place to gather. The screened porch overlooks peaceful woods and provides the perfect spot for morning coffee or quiet evenings. The top level features a spacious primary suite with a large walk-in closet, plus a laundry chute while the lower level offers an additional 2 rooms, full bath, laundry area, & extra storage. Outside, the detached 3-car garage includes a huge unfinished upper level ready for guest quarters, an apartment, game room, studio, or workshop. With a brand new heat pump, fresh coat of paint, 2022 architectural roof, city water and sewer, cleared lawn areas, outside storage buildings, & possible chicken coop!
    39 days
    |
    852
    |
    75
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Jessie Friend 870-751-0841,

    Coldwell Banker Ozark Real Estate Company 870-856-3206,

    Jeff Stone 501-922-8003,

    Coldwell Banker Ozark Real Estate Company

    Source: CARMLS,MLS#: 26024253MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 3
      • Full bathrooms: 3
      Rooms
      • Room types: Game Room, Workshop/Craft, Bonus Room, Basement, Other (see remarks)
      Dining room
      • Features: Separate Dining Room, Breakfast Bar
      Heating
      • Heat Pump
      Cooling
      • Electric
      Appliances
      • Included: Microwave, Electric Range, Dishwasher, Disposal, Trash Compactor, Refrigerator, Ice Maker, Electric Water Heater
      • Laundry: Washer Hookup, Electric Dryer Hookup, Laundry Chute, Laundry Room
      Features
      • Walk-In Closet(s), Built-in Features, Ceiling Fan(s), Walk-in Shower, Breakfast Bar, Pantry, Sheet Rock, Sheet Rock Ceiling, Vaulted Ceiling(s), 2 Bedrooms Same Level, 2 Bedrooms Upper Level, 2 Bedrooms Lower Level
      • Flooring: Vinyl, Tile, Other
      • Doors: Insulated Doors
      • Windows: Window Treatments, Insulated Windows
      • Attic: Attic Vent-Electric
      • Has fireplace: Yes
      • Fireplace features: Gas Logs Present, Other
      Interior area
      • Total structure area: 2,448
      • Total interior livable area: 2,448 sqft

      Property

      Parking
      • Total spaces: 4
      • Parking features: Garage, Carport, Parking Pad, Three Car, Four Car or More
      • Has garage: Yes
      • Has carport: Yes
      Features
      • Levels: Multi/Split
      • Patio & porch: Patio, Screened
      • Exterior features: Storage, Rain Gutters, Shop
      • Has view: Yes
      • View description: Lake
      • Has water view: Yes
      • Water view: Lake
      • Waterfront features: Lake Front, Lake
      • Body of water: Lake: Rainbow Lake
      Lot
      • Size: 13.62 Acres
      • Features: Level, Rural Property, River/Lake Area

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch
      • Property subtype: Single Family Residence
      Materials
      • Cypress
      • Foundation: Slab/Crawl Combination
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1979

      Utilities & green energy

      • Electric: Elec-Municipal (+Entergy)
      • Sewer: Public Sewer, Tank Owned Other
      • Water: Public
      Green energy
      • Energy efficient items: Doors, Thermostat

      Community & HOA

      Community
      • Security: Video Surveillance
      • Subdivision: Metes & Bounds
      HOA
      • Has HOA: No
      Location
      • Region: Hardy

      Financial & listing details

      • Price per square foot: $147/sqft
      • Annual tax amount: $804
      • Date on market: 6/16/2026
      • Listing terms: VA Loan,FHA,Conventional,Cash,USDA Loan
      • Road surface type: Paved

        Estimated market value

        $381,100

        $362,000 - $400,000

        $1,737/mo

        Price history

        DateEventPrice
        7/24/2026Contingent$359,900$147/sqft
        Source: CARMLS #26024253 Report a problem
        7/22/2026Price change$359,900-9.8%$147/sqft
        Source: CARMLS #26024253 Report a problem
        6/16/2026Listed for sale$399,000$163/sqft
        Source: CARMLS #26024253 Report a problem
        6/11/2026Listing removed$399,000$163/sqft
        Source: CARMLS #25048466 Report a problem
        4/27/2026Listed for sale$399,000$163/sqft
        Source: CARMLS #25048466 Report a problem
        4/17/2026Contingent$399,000$163/sqft
        Source: CARMLS #25048466 Report a problem
        2/13/2026Price change$399,000-9.1%$163/sqft
        Source: CARMLS #25048466 Report a problem
        12/10/2025Listed for sale$439,000$179/sqft
        Source: CARMLS #25048466 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
        See how much you could borrow to make a competitive offer.
        Get pre-qualified

        Climate risks

        Neighborhood: 72542

        Getting around

        6 / 100
        Car-Dependent
        2 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes

            Nearby cities

            Nearby zip codes

            Other Hardy Topics

              Search
              Updates
              Favorites
              Plan
              Inbox