507 Rainbow Drive, Lakehills, TX 78063
Home value
$249,200
$237,000 - $264,000
$1,861/mo
Owner options
$1,861/mo
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Zillow last checked:
Listing updated:
Michelle Reichle TREC #535966 (210) 854-3060,
Hi Energy Realty
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Features: Walk-In Closet(s), Multi-Closets, Ceiling Fan(s), Full Bath
- Area: 121
- Dimensions: 11 x 11
Bedroom 2
- Area: 154
- Dimensions: 14 x 11
Bedroom 3
- Area: 100
- Dimensions: 10 x 10
Primary bathroom
- Features: Shower Only, Single Vanity
- Area: 90
- Dimensions: 10 x 9
Dining room
- Area: 130
- Dimensions: 13 x 10
Kitchen
- Area: 150
- Dimensions: 15 x 10
Living room
- Area: 182
- Dimensions: 14 x 13
Heating
- Central, Electric
Cooling
- Ceiling Fan(s), Central Air
Appliances
- Included: Microwave, Range, Dishwasher, Electric Water Heater
- Laundry: Main Level, Washer Hookup, Dryer Connection
Features
- One Living Area, Separate Dining Room, Eat-in Kitchen, Two Eating Areas, Breakfast Bar, Utility Room Inside, Secondary Bedroom Down, 1st Floor Lvl/No Steps, Open Floorplan, High Speed Internet, All Bedrooms Downstairs, Master Downstairs, Ceiling Fan(s), Programmable Thermostat
- Flooring: Carpet, Vinyl, Laminate
- Windows: Double Pane Windows, Window Coverings
- Has basement: No
- Has fireplace: No
- Fireplace features: Not Applicable
Interior area
- Total structure area: 1,380
- Total interior livable area: 1,380 sqft
Property
Parking
- Total spaces: 1
- Parking features: None, One Car Carport
- Carport spaces: 1
Accessibility
- Accessibility features: Low Pile Carpet, No Steps Down, Level Lot, Level Drive, No Stairs, First Floor Bath, Full Bath/Bed on 1st Flr, First Floor Bedroom, Stall Shower
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio, Covered
- Exterior features: Rain Gutters
- Pool features: None
- Fencing: Privacy,Partial,Wire
- Waterfront features: Water Access
- Body of water: Lake Medina
Lot
- Size: 0.29 Acres
- Features: Corner Lot, 1/4 - 1/2 Acre, Level, Fire Hydrant w/in 500'
- Residential vegetation: Mature Trees
Details
- Additional structures: Shed(s)
- Parcel number: 15501000050350
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Texas Hill Country
- Property subtype: Single Family Residence
Materials
- 4 Sides Masonry, Siding
- Foundation: Slab
- Roof: Composition
Condition
- Pre-Owned
- New construction: No
- Year built: 2002
Utilities & green energy
- Electric: Bandera COOP
- Gas: NA
- Sewer: SEPTIC, Septic
- Water: SYSTEM, Water System
- Utilities for property: Cable Available, Private Garbage Service
Community & HOA
Community
- Features: Waterfront Access, Playground, BBQ/Grill, Lake/River Park, Boat Ramp, Boat Dock
- Subdivision: Pebble Beach
HOA
- Has HOA: Yes
- HOA fee: $42 annually
- HOA name: PEBBLE BEACH OF MEDINA LAKE ASSOCIATION
Location
- Region: Lakehills
Financial & listing details
- Tax assessed value: $248,650
- Annual tax amount: $4,276
- Date on market: 9/11/2025
- Cumulative days on market: 269 days
- Listing terms: Conventional,FHA,VA Loan,Cash,Investors OK
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 3/15/2024 | Sold | -- |
Source: | ||
| 3/8/2024 | Pending sale | $220,000$159/sqft |
Source: | ||
| 2/19/2024 | Contingent | $220,000$159/sqft |
Source: | ||
| 12/13/2023 | Price change | $220,000-12%$159/sqft |
Source: | ||
| 12/11/2023 | Price change | $249,995-3.8%$181/sqft |
Source: | ||
| 11/6/2023 | Price change | $259,999-1.9%$188/sqft |
Source: | ||
| 11/2/2023 | Price change | $264,9950%$192/sqft |
Source: | ||
| 8/30/2023 | Price change | $265,000-5.4%$192/sqft |
Source: | ||
| 8/17/2023 | Price change | $279,999-2.6%$203/sqft |
Source: | ||
| 8/8/2023 | Price change | $287,4500%$208/sqft |
Source: | ||
| 6/13/2023 | Listed for sale | $287,500$208/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,375 +1.3% | $248,650 +0.3% |
| 2024 | $3,332 +3.2% | $247,950 +7% |
| 2023 | $3,228 -6.6% | $231,710 +9.3% |
| 2022 | $3,456 | $211,920 +19.4% |
| 2021 | -- | $177,540 +29.4% |
| 2020 | $2,487 | $137,250 -0.1% |
| 2019 | -- | $137,380 +1.4% |
| 2018 | -- | $135,430 +4.4% |
| 2017 | -- | $129,750 |
| 2016 | -- | $129,750 +0.4% |
| 2015 | -- | $129,270 |
| 2014 | -- | $129,270 |
| 2013 | -- | $129,270 -1.5% |
| 2012 | -- | $131,280 |
| 2010 | -- | $131,280 +2.2% |
| 2009 | -- | $128,480 +10.1% |
| 2008 | -- | $116,700 |
| 2007 | -- | $116,700 |
Neighborhood: Lakehills
Nearby homes
- $276,200-- bd-- ba1.6k sqft495 Rainbow Dr, Lakehills, TX 78063Off Market
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- $302,100-- bd-- ba2.5k sqft463 Rainbow Dr, Lakehills, TX 78063Off Market
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Nearby schools
GreatSchools rating
- 4/10Hill Country Elementary SchoolGrades: PK-5Distance: 4.9 mi
- 6/10Bandera Middle SchoolGrades: 6-8Distance: 13.9 mi
- 4/10Bandera High SchoolGrades: 9-12Distance: 13.8 mi
Schools provided by the listing agent
- Elementary: Hill Country
- Middle: Bandera
- High: Bandera
- District: Bandera Isd
Source: LERA MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Texas
- Bandera County
- Pipe Creek
- 78063
- Lakehills
- 507 Rainbow Drive