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Property Description
A Rare Find in the Heart of Woodway! Nestled in a private, wooded setting surrounded by mature trees, scenic walking trails, and not one-but two tranquil private lakes, this exceptional home offers the perfect blend of nature, comfort, and convenience. Set on a beautifully treed one-acre lot, enjoy breathtaking sunrises and sunsets from multiple balconies that wrap around this inviting home. Inside, you'll find a spacious, updated kitchen that opens to the dining and living areas-ideal for hosting family gatherings or entertaining friends. The main floor boasts three generous bedrooms and two full bathrooms, offering comfort and privacy for all. Upstairs, a private bonus room with a full bath provides the flexibility for a home office, guest suite, or creative studio. Additional features include a detached 2-car garage, a large workshop, and direct frontage access to one of the serene lakes-perfect for fishing, kayaking, or simply relaxing by the water. Don't miss this rare opportunity to own a peaceful retreat just minutes from the conveniences of town. Welcome home to Woodway living at its finest!
Full Property Details
Full Property Details for 218 Rainbow Dr
General
- HOA FEE: $29/month
- HOA FEE FREQ.: Annually
- Taxes: $7,690
- Status: Closed
- Type: Single Family
- Source: NTREIS
- MLS ID: 20933981
- Added to Site: 342 day(s) ago
Interior
- Interior Features: Eat-in Kitchen, Granite Counters, Kitchen Island, Open Floorplan
- Appliances: Dishwasher, Electric Range, Electric Water Heater, Disposal
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 4
Parking
- Garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Parking Features: Additional Parking, Asphalt, Driveway, Garage, Garage Door Opener, On Site
Location
- County: McLennan
- Subdivision: Rainbow Lake
- Driving Directions: Hwy 84 toward McGregor to Estate Drive & Hewitt Drive exit. Rainbow Drive is to the right as you exit the ramp. House down on the left
School Information
- Elem School District: Midway ISD
- Midd School District: Midway ISD
- High School District: Midway ISD
- Elementary School: Woodway
- Middle School: River Valley
- High School: Midway
Community
- Association: Yes
- Assoc. Name: Rainbow Lake
- Assoc. Fees Include: All Facilities
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Sewer Available, Water Available
Structural Information
- Architectural Style: Detached
- Structure Type: House
- Detached/Attached: Attached
- Stories/Levels: 2
- Living Area: 2,570 Sq. Ft.
- Year Built: 1963
Lot Features
- Lot Size (Acres): 1.02
- Lot Size (Sq. Ft.): 44,431.2
- Frontage: Private Road
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Association Fee: $350
- Assoc Fee Freq.: Annually
- Tax Amount: $7,690
Disclosures and Reports
- Legal Description: RAINBOW LAKE LOT 66 BLOCK A ACRES 1.02
- Property ID: 362550000055000
- Block: A
- Lot Number: 66
Listed by Kelly, Realtors, Kevin Collins
Sold by Camille Johnson, Kristin Clements
Listing agent
— 218 Rainbow Dr —
Kevin Collins
Kelly, Realtors
254-741-1500
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 218 Rainbow Dr
School District:Midway Independent School District, China Spring, TX
| Name | Grades | Distance |
|---|---|---|
Woodway Elementary School 325 Estates Dr, Waco, TX 76712 | PK-5 | 0.4 mi |
Midway Middle School 800 Hewitt Drive, Hewitt, TX 76643 | 6-8 | 1.7 mi |
Midway High School 8200 Mars Drive, Waco, TX 76712 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
218 Rainbow Drive, Woodway, TX 76712 (MLS# 20933981) is a Single Family property that was sold on March 11, 2026. Want to learn more about 218 Rainbow Drive? Do you have questions about finding other Single Family real estate for sale in Woodway? You can browse all Woodway real estate or contact a Coldwell Banker agent to request more information.