# 355 Rainbow Drive, Woodway, TX 76712

> **TL;DR:** land, $160,000. Est. $1,206/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $160,000 |
| Lot Size | 30,928 sqft (0.71 acres) |
| Property Type | Land (Other) |
| Status | Active |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $809 |
| Estimated Insurance | $47 |
| HOA | $350 |
| **Total** | **$1,206** |

## Nearby Schools

- **Elementary:** Woodway
- **Middle:** Midway
- **High:** Midway

## Property Highlights

- 0.71 acre lot

## Description

### Agent Description
This hidden gem is located in the heart of Woodway in the private Rainbow Lake Subdivision. Build your dream home nestled in the trees with access to 2 private lakes, fishing, walking trails and many more amenities. This area is remote however, conveniently located near schools, hospitals, grocery stores, restaurants and much more. You have easy access to Hwy 6 and of course Hwy 84. Don't miss this opportunity!

## Location

- **Address:** 355 Rainbow Drive, Woodway, TX 76712
- **County:** McLennan
- **Neighborhood:** Rainbow Lake
- **Coordinates:** 31.503301, -97.216279
- **Google Maps:** https://www.google.com/maps?q=31.503301,-97.216279

## Virtual Tour & Media

- **Video Tour:** https://www.propertypanorama.com/instaview/ntreis/21073945

## Listing Agent

- **Name:** Kerrie Farrell
- **Brokerage:** Properties Plus
- **Broker Phone:** 254-752-7337
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/355-Rainbow-Dr_Woodway_TX_76712_M95392-98547?f=listhub&s=NTREIS&m=21073945&c=propsimple)

## Photos

![355 Rainbow Drive - Photo 1](http://lh.rdcpix.com/a56af6e5b06e81b2d1f23c07968c37abl-f1321598726r.jpg)

![355 Rainbow Drive - Photo 2](http://lh.rdcpix.com/a56af6e5b06e81b2d1f23c07968c37abl-f1974644793r.jpg)

![355 Rainbow Drive - Photo 3](http://lh.rdcpix.com/a56af6e5b06e81b2d1f23c07968c37abl-f2620692350r.jpg)

![355 Rainbow Drive - Photo 4](http://lh.rdcpix.com/a56af6e5b06e81b2d1f23c07968c37abl-f2989305954r.jpg)

![355 Rainbow Drive - Photo 5](http://lh.rdcpix.com/a56af6e5b06e81b2d1f23c07968c37abl-f3025344135r.jpg)

![355 Rainbow Drive - Photo 6](http://lh.rdcpix.com/a56af6e5b06e81b2d1f23c07968c37abl-f3232694199r.jpg)

---

**MLS#:** 21073945 | **Updated:** 2026-10-29
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/355-rainbow-drive-woodway-tx-76712-668b1386d30349858ca34186d9cae17b)

---

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