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    355 Rainbow Dr Woodway, TX 76712

    For Sale
    $160,000

    Unimproved Land - Woodway, TX

    Type:Unimproved Land
    Lot size:
    0.71 Acres
    Days on Market:
    67
    Last Refresh:
    Dec 12 at 3:06 pm

    Property Features for 355 Rainbow Dr

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    411694
    Lot size
    0.71 Acres

    Taxes and HOA fees

    Expense value
    350
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Utilities

    Heating system
    None (Heating)

    Building Details

    Architectural style
    Other

    Properties Plus (254) 752-7337

    Listing agent Kerrie Farrell (254) 752-7337 License #0340394

    Listing date Oct 7, 2025

    MLS# 21073945 Listing URL

    Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land in Woodway with Lake Access

    This 0.71-acre land is located in Woodway, Texas, within the private Rainbow Lake Subdivision. The property offers the opportunity to build a home with access to two private lakes, fishing, and walking trails. It is located near schools, hospitals, grocery stores, and restaurants, with easy access to Hwy 6 and Hwy 84.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Woodway
    County
    McLennan
    State
    Texas
    Longitude
    -97.216279
    Latitude
    31.503301

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    FAQs

    What type of property is this?
    Land - Unimproved land in Woodway, TX with access to private lakes.
    Where is this land located?
    The property is located at 355 Rainbow Dr Woodway, TX.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: - Access to 2 private lakes with fishing.; - Located in the private Rainbow Lake Subdivision.; - Walking trails.
    (254) 752-7337
    Request Owner's contact information
    355 Rainbow Dr Woodway, TX 76712
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    Woodway, TX 76712
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    355 Rainbow Dr Woodway, TX 76712
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