$425,000 Last Listed Price
●
House -
Off Market
215 E Rainbow Ridge Circle
The Woodlands, TX 77381
4 Beds
2 Baths,
1
Half Bath
2,514 Ft²
$473,905
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model
About This Property
$45,000 in recent updates to this beautiful home in sought after
Cochran's Crossing! Enjoy living on the edge of Shadowbend Park
with no rear neighbors! Walk out the back gate & play at the park,
pool, tennis courts, or enjoy the walking paths (walking distance
to David Elementary). Located right in the heart of The Woodlands,
minutes away from Market St, Hughes Landing, the Waterway, Town
Center, I45, 99 & so much more! Primary bedroom is downstairs,
three secondary bedrooms & large game room upstairs! Game room is
large enough to add a 5th bedroom if desired. Upgrades: New
roof, 2021; New paint, 2021; New HVAC, 2021; Bathroom remodels,
2020 & 2021; Simonton Double pane windows; Bosch Dishwasher, 2021;
Recent fence (partial), 2021; Water softener, 2021; Driveway
repair, 2021; Kitchen remodel, 2014; 2 attics decked w/ 3/4"
plywood; Flooring- no carpet (besides stairs)! Tile, engineered
hardwood, laminate & tile upstairs; cement siding; 2nd owner.
Unit Size
2,514 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$169
Property Type
House
Property Taxes
$475
HOA Dues
-
Year Built
1980
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 6 months ago (HAR #2717206)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 18, 2025 | Sold | ||
| Sold | |||
| Nov 25, 2025 | In contract | - | |
| In contract | |||
| Oct 15, 2025 | Price Decreased |
$479,900
↓ $10K
(2%) | |
| Price Decreased | |||
| Oct 7, 2025 | Price Decreased |
$489,900
↓ $10K
(2%) | |
| Price Decreased | |||
| Sep 18, 2025 | Listed by Connect Realty.com | $499,900 | |
| Listed by Connect Realty.com | |||
   | |||
|
Discover the best of The Woodlands lifestyle in this stunning two-story home backing up to green space and walking trails. Designed with both comfort and style in mind, the primary suite is conveniently located downstairs and features a beautifully appointed master bathroom for your own private retreat. Upstairs, you’ll find three spacious bedrooms and a large game room, perfect for movie nights, play, or entertaining guests. The heart of the home offers thoughtful upgrades, including a water filtration system at the kitchen tap and a stylish dry bar between the kitchen and living room—ideal for hosting gatherings. Step outside and enjoy a backyard that opens directly to serene walking trails leading to tennis courts and nearby community amenities, making it easy to embrace an active, outdoor lifestyle. With its balance of modern comfort, thoughtful features, and unbeatable location, this home offers more than just a place to live—it’s a way of life in The Woodlands.
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About The Woodlands
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Listed by: Dakota Fetterly, Abby Realty
Last Updated: 6 months ago
Data Source: HAR , MLS# 2717206
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Last Updated: 6 months ago
Data Source: HAR , MLS# 2717206
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