Waterfront Living in the Desirable Glenhaven Community! Enjoy peace and privacy, lakefront living in this beautifully updated one-story home with a fully finished and remodeled walkout basement. The lower level features a brand-new second kitchen, creating an excellent opportunity for multigenerational living, guest accommodations, or potential rental income. Lakefront yard with firepit, raised garden beds, partially fenced with a view of Treasure Island. The main level offers an open-concept great room, a remodeled kitchen, two comfortable bedrooms, and a full bathroom. Step outside onto the spacious deck and take in the tranquil views of Reed Lake, a stocked trout lake surrounded by abundant wildlife and natural beauty. Recent updates include new roof, siding, flooring, and most windows, all thoughtfully selected to maximize the home's comfort, functionality, and appeal. Located within walking distance of the Glenhaven community clubhouse, swimming pool, tennis courts, and Cain Lake, this property offers the perfect combination of recreation, relaxation, and waterfront charm. Don't miss this unique opportunity to own a move-in-ready waterfront home in a highly desirable community!
Pending inspection
Listed by: Windermere RE Skagit Valley • Geri Cole
$649,999
524 Rainbow Drive, Sedro Woolley, WA 98284
3beds
2,012sqft
Single Family Residence
Built in 1999
9,583 Square Feet Lot
$650,700 Zestimate®
$323/sqft
$40/mo HOA
What's special
Remodeled kitchenWaterfront livingOpen-concept great roomRaised garden bedsTwo comfortable bedroomsNew roofLakefront yard with firepit
- 29 days
- 628
- 34
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Geri Cole,
Windermere RE Skagit Valley
Source: NWMLS as distributed by MLS GRID,MLS#: 2561444
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Level: Lower
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Lower
Bathroom full
- Level: Main
Bonus room
- Level: Lower
Den office
- Level: Lower
Entry hall
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Utility room
- Level: Lower
Heating
- Forced Air, Electric, Propane
Cooling
- None
Appliances
- Included: Dishwasher, Double Oven, Dryer, Microwave, Refrigerator, Washer, Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Washer(s), Water Heater: Propane, Water Heater Location: Garage
Features
- Bath Off Primary, Pantry
- Flooring: Ceramic Tile, Hardwood, Laminate
- Windows: Skylight(s)
- Basement: Finished
- Has fireplace: No
Interior area
- Total structure area: 2,012
- Total interior livable area: 2,012 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Attached Garage, Off Street, RV Parking
- Has attached garage: Yes
- Covered spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: Main
- Patio & porch: Second Kitchen, Bath Off Primary, Pantry, Skylight(s), Walk-In Closet(s), Water Heater
- Pool features: Community
- Has view: Yes
- View description: Lake, Territorial
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake, No Bank
- Frontage length: Waterfront Ft: 82
Lot
- Size: 9,583 Square Feet
- Dimensions: 135 x 82 x 190 x 60
- Features: Cable TV, Deck, Fenced-Partially, High Speed Internet, Outdoor Fireplace, RV Parking
- Topography: Level,Partial Slope
- Residential vegetation: Garden Space
Details
- Parcel number: 370429123059
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 2 Story
- Property subtype: Single Family Residence
Materials
- Wood Siding, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Very Good
- Year built: 1999
Utilities & green energy
- Electric: Company: PSE
- Sewer: Septic Tank, Company: Septic
- Water: Community, Company: Glenhaven
- Utilities for property: Astound, Astound
Community & HOA
Community
- Features: Boat Launch, CCRs, Clubhouse, Park, Playground
- Subdivision: Glenhaven
HOA
- Services included: Common Area Maintenance
- HOA fee: $483 annually
- HOA phone: 360-595-2061
Location
- Region: Sedro Woolley
Financial & listing details
- Price per square foot: $323/sqft
- Tax assessed value: $506,859
- Annual tax amount: $2,292
- Date on market: 8/4/2026
- Cumulative days on market: 31 days
- Listing terms: Conventional,FHA,USDA Loan,VA Loan
- Inclusions: Dishwasher(s), Double Oven, Dryer(s), Microwave(s), Refrigerator(s), Washer(s)
Estimated market value
$650,700
$618,000 - $683,000
$2,872/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/10/2026 | Pending sale | $649,999$323/sqft |
Source:  NWMLS as distributed by MLS GRID #2561444 Report a problem | ||
| 8/5/2026 | Listed for sale | $649,999+5.9%$323/sqft |
Source: NWMLS as distributed by MLS GRID #2561444 Report a problem | ||
| 6/20/2023 | Sold | $614,000+86.1%$305/sqft |
Source: NWMLS as distributed by MLS GRID #2131049 Report a problem | ||
| 6/26/2018 | Sold | $329,900+18.2%$164/sqft |
Source: NWMLS as distributed by MLS GRID #1285449 Report a problem | ||
| 9/1/2015 | Sold | $279,000-6.7%$139/sqft |
Source: NWMLS as distributed by MLS GRID #823489 Report a problem | ||
| 7/30/2015 | Pending sale | $299,000$149/sqft |
Source: Windermere Real Estate/Northwest, Inc. #823489 Report a problem | ||
| 7/24/2015 | Listed for sale | $299,000+13.6%$149/sqft |
Source: Windermere Real Estate/Northwest, Inc. #823489 Report a problem | ||
| 11/18/2008 | Sold | $263,180$131/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,697 +1.2% | $506,859 -7% |
| 2023 | $3,655 -2.6% | $545,023 +13.5% |
| 2022 | $3,752 +9.6% | $480,192 +26% |
| 2021 | $3,424 +12.8% | $381,107 +27% |
| 2020 | $3,036 | $300,083 +2.8% |
| 2019 | $3,036 +1.5% | $291,768 +10.1% |
| 2018 | $2,990 +19.3% | $265,077 +14.4% |
| 2017 | $2,506 -11.2% | $231,634 +16.5% |
| 2016 | $2,821 +29.9% | $198,814 +5.8% |
| 2015 | $2,172 | $187,867 |
| 2014 | $2,172 -3.2% | $187,867 -1% |
| 2013 | $2,244 | $189,765 -3.8% |
| 2012 | -- | $197,302 -6.5% |
| 2011 | -- | $211,001 -2.4% |
| 2010 | -- | $216,240 -6.3% |
| 2009 | $2,357 +26.2% | $230,780 |
| 2008 | $1,868 | $230,780 +32.4% |
| 2007 | $1,868 -24.3% | $174,345 |
| 2005 | $2,467 | $174,345 |
| 2004 | $2,467 +11.1% | $174,345 +15.1% |
| 2003 | $2,220 -0.2% | $151,495 |
| 2002 | $2,224 +0.1% | $151,495 |
| 2001 | $2,220 | $151,495 |
| 2000 | -- | $151,495 +19.1% |
| 1999 | -- | $127,185 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 98284
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