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TBD Rainbow Drive

Woodway, TX 76712

$250,000

Land · 0.21 ac · $1,190K/ac

Acres0.21 acres
Price per acre$1,190,476 / acre
ZoningR-1
WaterCity Water
SewerCity Sewer
ElectricElectricity Available
TypeUnimproved Land

What it costs to own

TaxesNot provided by the listing
MUDNone listed
HOA$50 per month · Rainbow Lake Owners Association
HOA fee coversMaintenance Grounds
Price per acre$1,190,476

About this home

Secretive, hidden, and seemingly isolated yet just 60 seconds from CVS, Walgreens, HEB, and even Woodway Elementary School, Rainbow Lake is coveted for offering a peaceful retreat that's arguably one of the most convenient settings in all of Woodway!

  • - This lot, one of the last remaining waterfront sanctuaries, is now coming to the market as the ultimate, final opportunity to build a lakefront home which allows water entry from your backyard. What's more, this heavily treed, untouched retreat is unspoiled and raw, just as mother nature intended.
  • - Primed and ready for construction of your dream home (with or without the help of the owner), there simply is not a better, more attractive spot to construct your next home in all of McLennan County. Private road access limits traffic exclusively to neighbors while City of Woodway amenities ensure peace of mind relative to utilities and services.
  • - Whether you wish to swim, kayak, fish, paddleboard, or simply enjoy the peaceful, serene setting in what feels like you're miles out of town without sacrificing the inconvenience and the inefficiency of remote living; there's not place like this to call home. Call or text to tour this distinctive opportunity.
  • - Mark Twain once advised 'buy land, they're not making it anymore'. While that's true, once this property is sold, unspoiled lakeside land in the Heart of Woodway will become extinct. This is literally a once in a lifetime opportunity. Call Matthew to realize your dream today!

The details

Lot featuresMany Trees, Waterfront
Water sourceCity Water
SewerCity Sewer
ElectricElectricity Available

ZoningR-1
RestrictionsAnimals, Architectural, Building, Deed
EasementsOther

Mineral rights aren't stated in this listing — verify with the title company before purchase.

SubdivisionRainbow Lake

ElementaryWoodway
Middle schoolMidway
High schoolMidway
DistrictMidway ISD

MLS #21327050
Source
On the market1 day
CountyMcLennan

Around this home

One moment…

Everyday life

Nearest groceryEast Market · 1.6 mi
Nearest parkWoof Way Dog Park · 0.5 mi

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Listing courtesy of The McLeod Company — Matthew McLeod.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21327050. Information last updated July 18, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

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