Tucked along the banks of Trout Creek in the Rainbow Falls gated community, this two-acre retreat offers a blend of natural beauty and modern comfort. With the soothing sounds of the river and the sight of five cascading waterfalls, this property immerses you in serenity. A gazebo and riverside firepit provide idyllic spots to enjoy the outdoors, while expansive wraparound decks invite you to take in the views from every angle. Inside, floor-to-ceiling windows frame the lush surroundings, bringing the outdoors in. The primary suite features a private deck overlooking the creek, while the lower level is designed for fun with a pool table, gaming area, and full bar. Whether you’re hosting friends or seeking quiet moments in nature, this home delivers both. Just 20 minutes from Woodland Park and a short drive to Deckers, it combines seclusion with convenience, making it the ultimate mountain retreat.
Sold for $870,000
$870,000
15228 Rainbow Drive, Sedalia, CO 80135
3beds
2,241sqft
Single Family Residence
Built in 1997
2 Acres Lot
$850,100 Zestimate®
$388/sqft
$3,295 Estimated rent
Home value
$850,100
$808,000 - $893,000
$3,295/mo
Zestimate® history
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Pool tableFive cascading waterfallsExpansive wraparound decksFull barFloor-to-ceiling windowsBanks of trout creekRiverside firepit
Zillow last checked:
Listing updated:
Listed by:
Karina Stevens 303-808-6863 kstevens@livsothebysrealty.com,
LIV Sotheby's International Realty,
Joy Nowakowski 720-881-5718,
LIV Sotheby's International Realty
Bought with:
Kevin Cotton
Rhae Group Realty
Rhae Group
Rhae Group Realty
Source: REcolorado as distributed by MLS GRID,MLS#: 5560093
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 1
- Main level bedrooms: 1
Primary bedroom
- Level: Upper
Bedroom
- Level: Main
Bedroom
- Level: Basement
Bathroom
- Level: Main
Bathroom
- Level: Upper
Bathroom
- Level: Basement
Dining room
- Level: Main
Family room
- Level: Basement
Kitchen
- Level: Main
Living room
- Level: Main
Office
- Level: Upper
Heating
- Baseboard
Cooling
- Central Air
Appliances
- Included: Cooktop, Dishwasher, Disposal, Dryer, Oven, Refrigerator, Washer
- Laundry: In Unit
Features
- Ceiling Fan(s)
- Windows: Bay Window(s)
- Basement: Walk-Out Access
Interior area
- Total structure area: 2,241
- Total interior livable area: 2,241 sqft
- Finished area above ground: 1,390
- Finished area below ground: 635
Property
Parking
- Total spaces: 1
- Parking features: Shared Driveway
- Attached garage spaces: 1
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Wrap Around
- Has spa: Yes
- Spa features: Spa/Hot Tub
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: River Front
Lot
- Size: 2 Acres
- Features: Sloped
Details
- Parcel number: R0151247
- Zoning: ER
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Log, Wood Siding
- Roof: Composition
Condition
- Year built: 1997
Utilities & green energy
- Water: Well
Community & HOA
Community
- Security: Security System
- Subdivision: Rainbow Falls Park
HOA
- Has HOA: Yes
- Services included: Road Maintenance, Snow Removal
- HOA fee: $600 annually
- HOA name: Rainbow Falls Park HOA
- HOA phone: 000-000-0000
Location
- Region: Sedalia
Financial & listing details
- Price per square foot: $388/sqft
- Tax assessed value: $668,529
- Annual tax amount: $3,063
- Date on market: 12/3/2024
- Listing terms: Cash,Conventional,VA Loan
- Exclusions: Seller's Personal Property. Furniture Items/Furnishings Negotiable. // Inclusions - Cooktop, Dishwasher, Disposal, Dryer, Oven, Refrigerator, Washer, Ice Maker In Basement, Pool Table, Hot Tub, All Fireplaces, Starlink Equipment, Gazebo.
- Ownership: Individual
- Road surface type: Dirt
Price history
| Date | Event | Price |
|---|---|---|
| 1/6/2025 | Sold | $870,000-3.2%$388/sqft |
Source:  REcolorado as distributed by MLS GRID #5560093 Report a problem | ||
| 12/5/2024 | Pending sale | $899,000$401/sqft |
Source: REcolorado as distributed by MLS GRID #5560093 Report a problem | ||
| 12/3/2024 | Listed for sale | $899,000-6.4%$401/sqft |
Source: REcolorado as distributed by MLS GRID #5560093 Report a problem | ||
| 8/2/2024 | Listing removed | -- |
Source:  elevateMLS #9801599 Report a problem | ||
| 7/12/2024 | Listed for sale | $960,000-3%$428/sqft |
Source: elevateMLS #9801599 Report a problem | ||
| 6/11/2024 | Listing removed | -- |
Source: elevateMLS #9801599 Report a problem | ||
| 4/22/2024 | Price change | $990,000-10%$442/sqft |
Source: elevateMLS #9801599 Report a problem | ||
| 3/29/2024 | Listed for sale | $1,100,000-13.3%$491/sqft |
Source: elevateMLS #9801599 Report a problem | ||
| 12/31/2023 | Listing removed | -- |
Source: elevateMLS #8284854 Report a problem | ||
| 11/27/2023 | Price change | $1,269,000-2.4%$566/sqft |
Source: elevateMLS #8284854 Report a problem | ||
| 11/15/2023 | Listed for sale | $1,300,000+71.1%$580/sqft |
Source: elevateMLS #8284854 Report a problem | ||
| 12/28/2021 | Sold | $760,000+1.3%$339/sqft |
Source: Public Record Report a problem | ||
| 11/22/2021 | Pending sale | $750,000$335/sqft |
Source:  HomeSmart #6130082 Report a problem | ||
| 11/18/2021 | Listed for sale | $750,000+89.9%$335/sqft |
Source: HomeSmart #6130082 Report a problem | ||
| 6/3/2014 | Sold | $394,900$176/sqft |
Source: Public Record Report a problem | ||
| 4/22/2014 | Listed for sale | $394,900+3.6%$176/sqft |
Source: Queue Real Estate #2867137 Report a problem | ||
| 3/22/2011 | Sold | $381,000-2.1%$170/sqft |
Source: Public Record Report a problem | ||
| 4/18/2010 | Listed for sale | $389,000-9.3%$174/sqft |
Source: Kentwood Companies #874211 Report a problem | ||
| 10/18/2008 | Listing removed | $429,000$191/sqft |
Source: Point2 #469047 Report a problem | ||
| 7/7/2008 | Listed for sale | $429,000+1542.1%$191/sqft |
Source: Point2 #469047 Report a problem | ||
| 9/27/1995 | Sold | $26,125$12/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,998 -2.1% | $41,780 +7.1% |
| 2024 | $3,063 +29.7% | $39,020 -0.9% |
| 2023 | $2,362 -3.5% | $39,390 +37.5% |
| 2022 | $2,448 | $28,650 -2.8% |
| 2021 | -- | $29,480 +17.7% |
| 2020 | $2,091 +9.9% | $25,040 |
| 2019 | $1,902 0% | $25,040 +12.4% |
| 2018 | $1,902 +7.5% | $22,280 |
| 2017 | $1,770 +5.1% | $22,280 +7.2% |
| 2016 | $1,684 -2.3% | $20,790 |
| 2015 | $1,723 +6.5% | $20,790 +14% |
| 2014 | $1,618 | $18,240 |
| 2013 | -- | $18,240 -4.6% |
| 2012 | -- | $19,120 |
| 2011 | -- | $19,120 -7% |
| 2010 | -- | $20,560 +2.4% |
| 2009 | $879 | $20,080 |
| 2008 | -- | $20,080 -4.9% |
| 2007 | -- | $21,120 |
| 2006 | $1,836 +72.3% | $21,120 +48.5% |
| 2004 | $1,065 -45% | $14,220 -20.7% |
| 2003 | $1,936 | $17,930 -1.2% |
| 2002 | -- | $18,150 -10.1% |
| 2001 | $1,502 -3.1% | $20,180 +0% |
| 2000 | $1,549 | $20,178 |
Find assessor info on the county website
Neighborhood: 80135
Nearby homes
- $439,4001 bd2 ba734 sqft15189 Overlook Dr, Sedalia, CO 80135Off Market
- $624,3003 bd3 ba2.3k sqft15166 Rainbow Dr, Sedalia, CO 80135Off Market
- $536,2003 bd2 ba1.6k sqft9770 Overlook Rd, Sedalia, CO 80135Off Market
- $643,6855 bd3 ba3.9k sqft15175 Rainbow Dr, Sedalia, CO 80135Sold
- $910,0003 bd3 ba2.2k sqft15116 Rainbow Dr, Sedalia, CO 80135Sold
- $412,5003 bd3 ba792 sqft9784 Overlook Rd, Sedalia, CO 80135Off Market
- $711,4002 bd3 ba1.9k sqft15083 Overlook Dr, Sedalia, CO 80135Off Market
- $--3 Acres15175 Rainbow, Sedalia, CO 80135Off Market
Nearby schools
GreatSchools rating
- 8/10Larkspur Elementary SchoolGrades: K-6Distance: 14.1 mi
- 7/10World Compass AcademyGrades: PK-8Distance: 18.3 mi
- 1/10Daniel C Oakes High School--Castle RockGrades: 9-12Distance: 19.2 mi
Schools provided by the listing agent
- Elementary: Sedalia
- Middle: Castle Rock
- High: Castle View
- District: Douglas RE-1
Source: REcolorado as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$850,100
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Estimated market value
$850,100
- Colorado
- Douglas County
- Sedalia
- 80135
- 15228 Rainbow Drive
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