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$645,000
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Property Description
AMAZING COUNTRY PROPERTY!! Located in the small town of Lakewood in Northern Wayne county, this 3 bed 2 bath home is a one of a kind property that does not come along very often. This 12 acre parcel has much to offer, a large 3 car garage with radiant floor heating, a car lift and houses an outdoor furnace to heat both the garage and home. Another great feature is a stocked, 15 foot deep, 1 acre pond. Just beyond the pond is direct access to the Rails and Trails recreational trail system which is 16 miles in length and connects many fine eateries !! There are also 2 water sources , a drilled well that services the house and a dug well that can be used for gardening or farm animals. The home itself has a 520 sq ft Master suite has it's own private entrance. It includes a spacious living area, room for a king bed, closet, and full bathroom. It is located north of the vaulted beamed kitchen with radiant floor heat a central island, and locally sourced marble countertops. Both areas are walled with pine tongue & groove with a very inviting modern cabin feel. is a large sunroom room for living and dining while enjoying the outstanding views of the lower property, large pond, and rolling hills. Above the sun room there are two very quiet and comfortable bedrooms, a walk in closet, and a full bathroom. All 3 areas have spectacular views. Outdoor living is easy with approximately 2000 square feet of decking and a covered porch at the Master Suite's entrance. A secondary / backup oil burner furnace is located in 460 sq ft partially finished basement. With a Vermont Castings Stove propane heater providing ambiance and optional heat in the Master suite to round out the 3 heating options.
Full Property Details
Full Property Details for 124 Rainbow Rd
General
- Price: $645,000
- Taxes: $5,007
- Status: Active
- Type: Single Family
- Source: 2103
- MLS ID: PW261200
- Updated: 6/9/2026
- Added to Site: 77 day(s) ago
Interior
- Number of Rooms: 6
- Interior Features: Beamed Ceilings, Vaulted Ceiling(s), Kitchen Island, Eat-in Kitchen
- Appliances: Built-In Gas Range, Washer, Water Heater, Gas Oven, Refrigerator, Microwave, Dishwasher
- Laundry Facilities: Yes
- Flooring: Carpet, Laminate
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Electric Dryer Hookup, In Basement
Additional Information
- Security/Safety: Closed Circuit Camera(s)
Exterior
- Exterior Features: Private Yard
- Porch/Patio/Deck: Deck
Parking
- Garage: Yes
- Garage Spaces: 3
- Parking Features: Garage, Off Street, Heated Garage, Gravel, Garage Door Opener
Location
- County: Wayne
- Subdivision: None
- Driving Directions: From Honesdale, take 670 N to the Red Schoolhouse, take a R on 247N, follow to the end, take a L on 370 W, go 1 mile, take a R on Rainbow Rd, go 1 mile , property on L see sign
School Information
- High School District: Wayne Highlands
Heating & Cooling
- Cooling Type: Ceiling Fan(s)
- Heating Type: Baseboard, Wood, Propane, Radiant Floor, Hot Water
Utilities
- Electric Available: Yes
- Sewer: On Site Septic
- Water: Well
- Utility Description: Electricity Connected, Water Connected, Propane, Sewer Connected
Structural Information
- Architectural Style: Colonial
- Detached/Attached: Detached
- Construction: Aluminum Siding, Stone
- Basement: Yes
- Basement Desc.: Concrete, Storage Space, Walk-Out Access, Unfinished, Exterior Entry, Daylight
- Windows: Double Pane Windows
- Stories/Levels: 2
- Square Feet: 2,006
- Living Area: 2,006 Sq. Ft.
- Current Bldg. Use: Residential
- Year Built: 1974
Additional Structures
- Other Structures: Garage(s), Storage, Shed(s), Outbuilding
Lot Features
- Property View: Pond, Rural
- Lot Size (Acres): 12
- Frontage: County Road
- Frontage Feet: RAIL AND TRAILS 518
- Road Maintenance: Public Maintained Road
- Lot Features: Back Yard, Secluded, Views, Sloped Down, Pond on Lot, Near Golf Course, Few Trees, Gentle Sloping, Cleared
- Zoning: Residential
Financial Considerations
- Tax Amount: $5,007.05
Disclosures and Reports
- Property ID: 20-0-0141-0039
Listed by Re/Max Wayne
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Schools
Schools serving 124 Rainbow Rd
School District:Wayne Highlands School District
| Name | Grades | Distance |
|---|---|---|
Preston School 1493 Crosstown Highway, Lakewood, PA 18439 | K-8 | 1 mi |
Honesdale High School 459 Terrace Street, Honesdale, PA 18431 | 9-12 | 22.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 124 Rainbow Rd
Date
Details
Price
Change
Source
6/09/2026
Price Reduced
$645,000
-5.01%
MLS
5/01/2026
Listed
$679,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 124 Rainbow Rd
Year
Property Taxes
Change
Tax Assessment
Change
2026
$5,007
3%
$282,900
1%
2025
$4,851
5%
$281,100
—
2024
$4,636
-29%
$281,100
—
2023
$6,496
39%
$281,100
45%
2022
$4,678
-3%
$193,400
—
2021
$4,805
—
$193,400
—
2020
$4,805
7%
$193,400
—
2019
$4,497
4%
$193,400
—
2018
$4,334
4%
$193,400
—
2017
$4,172
2%
$193,400
—
2016
$4,098
3%
$193,400
—
2015
$3,990
26%
$193,400
23%
2014
$3,176
—
$157,500
—
2013
$3,176
—
$157,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 124 Rainbow Rd
124 Rainbow Road, Lakewood, PA 18439 (MLS# PW261200) is a Single Family property with 3 bedrooms and 2 full bathrooms. 124 Rainbow Road is currently listed for $645,000 and was received on May 01, 2026. Want to learn more about 124 Rainbow Road? Do you have questions about finding other Single Family real estate for sale in Lakewood? You can browse all Lakewood real estate or contact a Coldwell Banker agent to request more information.
