Let your imagination run in one of the greatest settings in Mclennan County. Rainbow Lake sits in the heart of Woodway, providing two private lakes for fishing and leisure. This prime lakefront property started as one of the original cottages in the 1920's. The main house, steeped in history, offers potential for a couple’s haven or could be removed for a lakeside canvas of your future dream home. A swimming pool sits beside the home with a cabana, four car garage and an office built around it. A secluded gem, this property unveils endless possibilities for those seeking a private haven in the heart of McLennan County.
This property is being sold AS IS. No repairs or updates will be done.
Please no drive by looking as this is a private drive and property.
Sold
Price Unknown
219 Rainbow Dr, Woodway, TX 76712
3beds
2,440sqft
Single Family Residence
Built in ----
0.62 Acres Lot
$530,600 Zestimate®
$--/sqft
$2,201 Estimated rent
Home value
$530,600
$483,000 - $584,000
$2,201/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Thomas Hanson 503964,
Lake Country Real Estate 254-717-0973
Bought with:
Megan Miller
Helms and Miller, Realtors
Source: NTREIS,MLS#: 219107
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central, Electric
Cooling
- Central Air, Electric, Window Unit(s)
Appliances
- Included: Electric Water Heater, Disposal, Ice Maker, Refrigerator, Vented Exhaust Fan
Features
- Built-in Features, High Speed Internet, Cable TV
- Flooring: Carpet, Laminate, Tile
- Windows: Window Coverings
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total interior livable area: 2,440 sqft
Property
Parking
- Total spaces: 4
- Parking features: Circular Driveway, Garage Faces Front, Storage
- Garage spaces: 4
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio, Covered
- Exterior features: Other, Rain Gutters
- Has private pool: Yes
- Pool features: Cabana, Fenced, Gunite, In Ground, Outdoor Pool, Pool, Private
- Fencing: Wrought Iron
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
Lot
- Size: 0.62 Acres
Details
- Additional structures: Guest House, Gazebo
- Parcel number: 145319
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Concrete, Rock, Stone
- Foundation: Slab
- Roof: Metal
Utilities & green energy
- Utilities for property: Sewer Available, Cable Available
Community & HOA
Community
- Subdivision: Rainbow Lake
HOA
- Has HOA: Yes
- HOA fee: $350 annually
Location
- Region: Woodway
Financial & listing details
- Tax assessed value: $396,810
- Annual tax amount: $6,638
- Date on market: 3/19/2025
- Cumulative days on market: 10 days
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 12/29/2023 | Sold | -- |
Source: NTREIS #219107 Report a problem | ||
| 11/22/2023 | Pending sale | $549,900$225/sqft |
Source:  WMLS #219107 Report a problem | ||
| 11/14/2023 | Listed for sale | $549,900$225/sqft |
Source: WMLS #219107 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,332 -23.4% | $396,810 -0.5% |
| 2024 | $6,963 +131.5% | $398,660 +30% |
| 2023 | $3,008 -2.4% | $306,699 +10% |
| 2022 | $3,082 -2.1% | $278,817 +10% |
| 2021 | $3,149 | $253,470 +3.5% |
| 2020 | -- | $244,840 +3.4% |
| 2019 | $5,567 | $236,890 +2.2% |
| 2018 | $5,567 +99.8% | $231,680 +13.9% |
| 2017 | $2,786 +7.3% | $203,400 +6% |
| 2016 | $2,597 | $191,900 -0.8% |
| 2015 | $2,597 | $193,500 +15.1% |
| 2014 | $2,597 | $168,150 +34.1% |
| 2012 | -- | $125,404 -0.7% |
| 2011 | -- | $126,255 |
| 2010 | -- | $126,255 +1.7% |
| 2009 | -- | $124,085 -0.5% |
| 2008 | -- | $124,699 +10.2% |
| 2007 | -- | $113,172 |
| 2006 | -- | $113,172 +2.1% |
| 2005 | -- | $110,865 |
Find assessor info on the county website
Neighborhood: 76712
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Nearby schools
GreatSchools rating
- 10/10Woodway Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 8/10River Valley Middle SchoolGrades: 6-8Distance: 4.8 mi
- 8/10Midway High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: Woodway
- District: Midway ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- Texas
- McLennan County
- Woodway
- 76712
- 219 Rainbow Dr
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