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218 Rainbow Drive Woodway, TX 76712

Price Dropped by $6K

UPDATED:

$ 549,000
218 Rainbow Drive Woodway, TX 76712
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TX > Woodway > Rainbow Lake
Woodway, TX 76712,218 Rainbow Drive
Woodway, TX 76712,218 Rainbow Drive
Woodway, TX 76712,218 Rainbow Drive
Woodway, TX 76712,218 Rainbow Drive
Woodway, TX 76712,218 Rainbow Drive
Woodway, TX 76712,218 Rainbow Drive
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Eliza Knapp

Eliza Knapp

eliza@ozrealtytx.com +1(817) 776-7858
$ 549,000
Est. payment | /mo

4 Beds

3 Baths

2,860 SqFt


Save Virtual Tour
$ 549,000
Est. payment | /mo
Save Virtual Tour

4 Beds

3 Baths

2,860 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,860 sqft

Price per Sqft $191

Subdivision Rainbow Lake

MLS Listing ID 20933981

Bedrooms 4

Full Baths 3

HOA Fees $350/ann

HOA Y/N Mandatory

Year Built 1963

Annual Tax Amount $7,690

Lot Size 1.020 Acres

Acres 1.02

Property Sub-Type Single Family Residence

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!

Location

State TX

County Mclennan

Direction 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

Rooms

Dining Room 1

Interior

Interior Features Eat-in Kitchen, Granite Counters, Kitchen Island, Open Floorplan

Appliance Dishwasher, Disposal, Electric Range, Electric Water Heater

Exterior

Garage Spaces 2.0

Utilities Available City Sewer, City Water, Electricity Connected, Private Road

Total Parking Spaces 2

Garage Yes

Building

Story Two

Level or Stories Two

Schools

Elementary Schools Woodway

Middle Schools River Valley

High Schools Midway

School District Midway Isd

Others

Ownership Kathryn F. O'Brien

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20933981

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
©2025 North Texas Real Estate Information Systems.
Listed by Kevin Collins • Kelly, Realtors

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Eliza Knapp

REALTOR® | Lic# 0684628

eliza@ozrealtytx.com

+1(817) 776-7858

112 North Houston Suite 200 Granbury TX 76048

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218 Rainbow Drive

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OZ Realty

Eliza Knapp Lic# 0684628

+1(817) 776-7858 eliza@ozrealtytx.com

112 North Houston Suite 200 Granbury TX 76048

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