UPDATED:
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 $194
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
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

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As a resident of the Lakewood/East Dallas community Marissa can provide personal insight into our neighborhood. As a native of Dallas, Marissa attended SMU to obtain her business degree from the Cox School of Business, after 10 years in corporate America her experience in negotiating with International firms transfers directly into her real estate business. High Integrity, honesty, and a passion for people make working with Marissa a delight. As a by-referral realtor Marissa is 100% committed to you and your real estate goals. Marissa has extensive sales knowledge in various areas of the metroplex including, but not limited to Lakewood, Preston Hollow, Park Cities, Hollywood Heights, M Streets, and Lake Highlands.