Listing provided courtesy of The McLeod CompanyMLS# 20976754MLS ProviderContact Information: Matthew McLeod
  • 347 days on site
  • 3 views

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!

Source: North Texas MLS, MLS#: 20976754

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  • Property Type
    Land
  • Lot
    0.21 acres

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Pamela Buske

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at TBD Rainbow Drive


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
5/5/2026Source: North Texas MLS Status Change
Pending
11/13/2025Source: North Texas MLS Price Reduction
$200,000 -20.0%
7/18/2025Source: North Texas MLS Added to Database
July 18, 2025
3/19/2025Source: North Texas MLS Added to Database
March 19, 2025