Location
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!
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!
Property Details
Price:
$450,000
MLS #:
20933981
Status:
Pending
Beds:
4
Baths:
3
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Rainbow Lake
Listed Date:
Jan 7, 2026
Finished Sq Ft:
2,570
Lot Size:
44,431 sqft / 1.02 acres (approx)
Year Built:
1963
Schools
School District:
Midway ISD
Elementary School:
Woodway
Middle School:
River Valley
High School:
Midway
Interior
Bathrooms Full
3
Interior Features
Eat-in Kitchen, Granite Counters, Kitchen Island, Open Floorplan
Number Of Living Areas
1
Exterior
Garage Spaces
2
Lot Size Area
1.0200
Financial
See this Listing
Aaron a full-service broker serving the Northern DFW Metroplex. Aaron has two decades of experience in the real estate industry working with buyers, sellers and renters.
More About AaronMortgage Calculator
Similar Listings Nearby
Community
- Address218 Rainbow Drive Woodway TX
- SubdivisionRainbow Lake
- CityWoodway
- CountyMcLennan
- Zip Code76712
Subdivisions in Woodway
- 2500.00S36
- 36605.0 WESTLAKE
- Allen Moses
- Anderson Allen
- Austin & Williams A-47
- BADGER HOYT
- Badger Ranch
- Badger Ranch Add Ph 6
- Badger Ranch Ph 5
- Badger Ridge
- Barron T H
- Boleman
- Burns A
- Castlegate
- Chapel Ridge
- Clemmons L C
- Crawford A W
- Dove Meadow
- Forest Estate
- Forest Estates
- Forest Hills
- George Robert
- Gonzales J
- Hammel N D
- Harrell
- Heritage Hills
- Hunters Mountain
- Hunters Run
- Kanz
- Lakes At Heather Run
- Lakes At Heather Run PUD Ph
- Lakes At Heather Run PUD Ph 2
- Landreth Garden
- Merrifield J Q
- Middle Bosque
- Midway Heights
- Midway Hills
- Midway Hts
- Oak Ridge
- Oakcreek
- Oakdale
- Passmore
- Quail Creek
- Rainbow Lake
- Renaissance
- Riverside
- ROYALTON
- SDC Riverside
- Sendero Spgs Ph Four
- Sendero Springs
- Sendero Springs Addition
- SENDERO SPRINGS PHASE V
- Shalimar
- SHEPPERD
- SINCLAIR GEORGE
- Southwood
- Sugar Creek
- Tanglewood Estates
- Village at Castle Park
- West Woodway Estate
- West Woodway Estates
- West Woodway Hill
- Western Heights
- Western Hills
- Western Ridge Estates
- Westlake
- Westlake Estates
- Westridge
- White Hall
- White Oak Mountain
- Williams
- Willow Creek
- Windsor Estate
- Wooded Crest
- Woodland West
Market Summary
Current real estate data for Single Family in Woodway as of Mar 11, 2026
89
Single Family Listed
91
Avg DOM
201
Avg $ / SqFt
$533,375
Avg List Price
Property Summary
- Located in the Rainbow Lake subdivision, 218 Rainbow Drive Woodway TX is a Single Family for sale in Woodway, TX, 76712. It is listed for $450,000 and features 4 beds, 3 baths, and has approximately 2,570 square feet of living space, and was originally constructed in 1963. The current price per square foot is $175. The average price per square foot for Single Family listings in Woodway is $201. The average listing price for Single Family in Woodway is $533,375. To schedule a showing of MLS#20933981 at 218 Rainbow Drive in Woodway, TX, contact your Aaron Layman Properties agent at 940-209-2100.
218 Rainbow Drive
Woodway, TX