Land in Woodway with Lake
For Sale
$160,000
355 Rainbow Drive, Woodway, TX 76712
Land, Woodway, TX
Property SizeContact for details
Lot Size0.71 Acres
Days on Market54
Property Features for 355 Rainbow Drive
General Information
Property type
Land
Property subtype
Other
Zoning description
R1- Residental Home
Vegetation
Brush, Wooded
Subdivision
Rainbow Lake
Lot features
Corner Lot, Irregular Lot, Many Trees, Subdivision, City Lot
Elementary school
Woodway
Middle school
Midway
High school
Midway
Elementary school district
Midway ISD
Middle school district
Midway ISD
High school district
Midway ISD
Directions
Take Hwy 84 West and exit Old McGregor Road stay on the access road and turn right on Rainbow Dr. Do not go down the private road. The property is on the left. See aerial photos in pictures of the listing.
Standard status
Active
APN
411694
Lot size
0.71 Acres
Taxes and HOA fees
Tax Description
Rainbow Lake Lot 70 Block A .71 Acres
HOA Fee
$350 Annually
Legal Description
Rainbow Lake Lot 70 Block A .71 Acres
Utilities
Water source
Public
Listing Agency:
Properties Plus
(254) 752-7337
Listed By:
Kerrie Farrell · License #0340394
(254) 752-7337
Added: Jul 10
Changed: Aug 22
Last Checked: Sep 1 at 7:06PM
MLS# 21073945
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Access to 2 private lakes with fishing.
- Located in the private Rainbow Lake Subdivision.
- Walking trails.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
Explore this area
Business Placement
Demographics for 76712, TX
27,800
Population
11,704
Households
2.4
Avg Household Size
41
Median Age
49%
College-Educated
96%
High-School Grad
52.4 sq mi
ZIP Area
531
Density / Sq Mi
$96,267
Median Household Income
$56,879
Median Earnings
$1,333
Median Rent
$302,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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 Drive 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.
