See Home Value
Lakehills 78063
346 RAINBOW DR
$230,000
● House - Off Market

346 RAINBOW DR

Lakehills, TX 78063
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
948 Ft²
$1,363
Est. Monthly
$8
HOA / Fees

About This Property

Escape to the peaceful charm of Medina Lake in this inviting single-story home situated on a spacious double lot. Offering 2 bedrooms, 1.5 baths, and no carpet throughout, this home combines comfort, functionality, and outdoor living in a welcoming lakeside community with community water service and access to three private neighborhood parks.  Step inside to a bright sitting area where abundant natural light and a neutral color palette create a warm first impression. Pass through double doors into the spacious living and dining area, complete with built-in shelving that adds both character and practical storage. The galley kitchen features crisp white cabinetry, a charming tile backsplash, stainless steel appliances, and an efficient layout perfect for everyday living.  Both bedrooms showcase beautiful wood flooring, with one offering the convenience of an en suite half bath. Every room feels light and inviting, creating a move-in-ready retreat.  Outdoor living is where this property truly shines. Double doors lead to an expansive deck with multiple spaces for relaxing, entertaining, and outdoor dining, all surrounded by mature shade trees that provide a peaceful setting. The oversized backyard also includes a workshop, storage shed, a fenced raised garden plot perfect for growing your own vegetables and flowers, and attractive limestone retaining walls that add both beauty and functionality to the landscape. With three driveways and a double carport, there is ample space for a boat or recreational vehicles.  Whether you're looking for a full-time residence, weekend getaway, or investment opportunity near Medina Lake, this charming property offers the perfect blend of indoor comfort, outdoor enjoyment, and the added benefits of generous acreage and desirable community amenities.
Unit Size
948 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$258
Property Type
House
Property Taxes
$152
HOA Dues
$8
Year Built
-

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Last updated: 27 days ago (LERA #1997361)

Price History

Date / Event Date Event Price
Sep 1, 2026 Sold
Sold
Aug 15, 2026 In contract -
In contract
Aug 5, 2026 Price Decreased $245,000
↓ $5K (2%)
Price Decreased
Jul 3, 2026 Listed by Coldwell Banker D'Ann Harper, REALTOR $250,000
Listed by Coldwell Banker D'Ann Harper, REALTOR
Nov 24, 2025 No longer available -
No longer available
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Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Effective Year Built: 2000
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 3
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 5
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,418
  • Total Building Area: 948
  • Building Area: 948
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 948
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PEBBLE BEACH
  • Land Acres: 0000000331
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: PEBBLE BEACH 1 BLK 4 LT 52-53 0.331 ACRES

Neighborhood

  • School District Name: Bandera Independent School District
  • School Tax School District: SPC, SW
  • Census Tract: 000101

Geography

  • Account Number: 15501-00004-0520
  • Parcel: 172542
  • Block: 4
  • Lot: 52-53
  • Municipality: LAKEHILLS
  • Latitude: 29.5759
  • Longitude: -98.9222

    Address

  • Full Address: 346 Rainbow Rdg
  • Address - House Number: 346
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Rdg
  • State: TX
  • City Name: Bandera
  • Zip Code: 78003

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $221,572
  • Tax Rate Code Area: BC, BS, CA

    Appraisal Valuation

  • Standard Deviation: 0.4206
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 15
  • Final Value: 100,632
  • High Value: 142,959
  • Low Value: 58,304

    Market Valuation

  • Market Total Value: $138,680
  • Market Land Value: $49,360
  • Market Improvement Value: $89,320

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $138,680
  • Assessed Land Value: $49,360
  • Assessed Improvements Value: $89,320

    Sales

  • Current Sale Recording Date: Jun 21, 2006
  • Current Sale Price:
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 158625
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Lakehills


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 275 Hill Of Contentment, Lakehills, TX, 78063

$950 /mo

  • 1 Bed
  • 1 Bath
  • 504 ft²
275 Hill Of Contentment, Lakehills, TX, 78063 Listing by Rhonda Fitch


Frequently Asked Questions

When was property at 346 Rainbow Drive built and last sold?
The property at 346 Rainbow Drive was built in and last sold on Jan 1, 1970 for $112,800.
How much is this home worth?
The estimated value of the home located at 346 Rainbow Drive is $249,845.
What are some comparable homes to 346 Rainbow Drive?
There are currently no comparable homes to 346 Rainbow Drive.