For sale

Price cut: $6K (6/17)

$499,000

3081 E Rainbow Lane #94, Pinetop, AZ 85935

3beds

2,082sqft

$3,188/mo

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Townhouse

Built in 1983

1,939 Square Feet Lot

$-- Zestimate^®

$240/sqft

$210/mo HOA

What's special

Beautiful cabinDirect water frontageStunning viewsPremium corner lot

Welcome to one of the finest lakefront opportunities in Pinetop! Situated on arguably the best lot in the community, this beautiful cabin rests on a premium corner lot with direct water frontage and stunning views. This 3-bedroom, 3-bath home offers mountain charm and thoughtful updates. Recent improvements include New Roof 9/2024, new exterior paint May 2026, a new driveway completed in May 2026, and a new patio ideal for relaxing or entertaining by the water. Inside, vaulted ceilings create an open feel, while the fireplace adds warmth and character. Each floor has its own heating system for comfort and efficiency. Perfect as a full-time home, vacation getaway, or investment property, this waterfront retreat offers an exceptional location and lifestyle.

53 days

1,844

61

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 4
Full bathrooms: 3
1/2 bathrooms: 1

Heating

Baseboard, Electric

Cooling

Ceiling Fan(s), See Remarks

Appliances

Included: Dryer, Washer, Refrigerator, Dishwasher, Disposal, Electric Oven, Electric Cooktop

Features

Double Vanity, Upstairs, Eat-in Kitchen, Breakfast Bar, Vaulted Ceiling(s), Kitchen Island, Full Bth Master Bdrm
Flooring: Wood
Windows: Double Pane Windows
Has basement: No
Number of fireplaces: 1
Fireplace features: Living Room

Interior area

Total structure area: 2,082
Total interior livable area: 2,082 sqft

Property

Parking

Total spaces: 3
Parking features: Garage Door Opener
Garage spaces: 1
Uncovered spaces: 2

Features

Stories: 3
Exterior features: Balcony, Storage
Spa features: None
Fencing: Other
Has view: Yes
View description: Lake, Trees/Woods
Has water view: Yes
Water view: Lake
Waterfront features: Waterfront

Lot

Size: 1,939 Square Feet
Features: Waterfront, Corner Lot, Grass Front, Grass Back

Details

Parcel number: 31191094

Construction

Type & style

Home type: Townhouse
Architectural style: Cabin
Property subtype: Townhouse
Attached to another structure: Yes

Materials

Wood Siding, Wood Frame
Roof: Composition

Condition

Year built: 1983

Utilities & green energy

Sewer: Public Sewer
Water: City Water

Community & HOA

Community

Features: Lake
Subdivision: Pine Lake Meadows

HOA

Has HOA: Yes
Services included: Sewer, Maintenance Grounds, Other (See Remarks), Trash
HOA fee: $210 monthly
HOA name: Frank Smith and Asso

Location

Region: Pinetop

Financial & listing details

Price per square foot: $240/sqft
Annual tax amount: $939
Date on market: 6/2/2026
Cumulative days on market: 54 days
Listing terms: Cash,Conventional,1031 Exchange,VA Loan
Ownership: Fee Simple
Road surface type: Asphalt

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/17/2026	Price change	$499,000-1.2%$240/sqft
Source: ARMLS #7036248 Report a problem
6/2/2026	Listed for sale	$505,000+134.9%$243/sqft
Source: ARMLS #7036248 Report a problem
4/13/2016	Sold	$215,000-6.5%$103/sqft
Source: ARMLS #5331117 Report a problem
12/17/2015	Listing removed	$230,000$110/sqft
Source: HomeSmart #5331117 Report a problem
9/7/2015	Listed for sale	$230,000$110/sqft
Source: HomeSmart #5331117 Report a problem

Public tax history

Tax history is unavailable.

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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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