
$407,000
NAL Estimated Property Value219 Rainbow Dr, Woodway, TX, 76712
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About this property
Let your imagination run in one of the greatest settings in Mclennan County. Rainbow Lake sits in the heart of Woodway, providing two private lakes for fishing and leisure. This prime lakefront property started as one of the original cottages in the 1920's. The main house, steeped in history, offers potential for a couple’s haven or could be removed for a lakeside canvas of your future dream home. A swimming pool sits beside the home with a cabana, four car garage and an office built around it. A secluded gem, this property unveils endless possibilities for those seeking a private haven in the heart of McLennan County. This property is being sold AS IS. No repairs or updates will be done. Please no drive by looking as this is a private drive and property.
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Learn About the Market: Opportunity in Texas




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Texas
Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Woodway
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