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179 Rainbow DR
About This Property
Inside, bright and inviting rooms create a warm, open feel throughout the home. The heart of the property is the expansive family room, featuring a striking stone fireplace and soaring 20-foot ceilings that fill the space with natural light and create an incredible sense of openness. A spacious loft overlooks the family room, adding flexible space and architectural character while offering sweeping views of the surrounding countryside.
The first-floor primary suite offers a peaceful retreat with a private deck overlooking the towering pines. The deck creates a cozy, treehouse-like feel and is the perfect spot to enjoy the setting. The primary bathroom features both a walk-in shower and a relaxing soaking tub.
All three bedrooms are conveniently located on the first floor, offering an easy and functional layout.
Outside, the 2-acre property is surrounded by mature pines, providing privacy and plenty of space to enjoy the outdoors. A detached garage offers additional parking, storage, or workspace.
With its spacious layout, distinctive stone fireplace, soaring ceilings, versatile loft, private primary deck, sweeping countryside views, and serene wooded setting, this Circle D home offers a unique opportunity to enjoy peaceful country living with plenty of character, all while being close to everything Bastrop has to offer.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 13, 2026 | Listed by Venture Partners R.E. | $599,000 | |
| Listed by Venture Partners R.E. | |||
| Jul 25, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Jul 21, 2026 | Price Decreased |
$599,000
↓ $31K
(4.9%) | |
| Price Decreased | |||
| Jul 4, 2026 | Price Decreased |
$629,900
↓ $9K
(1.4%) | |
| Price Decreased | |||
| Jun 12, 2026 | Price Decreased |
$638,900
↓ $1K
(0.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017