340 Rainbow Dr, Waco, TX 76712
Property image
Property image
OFF MARKET

$793,700

Trulia Estimate
  • 4 Beds
  • 4 Baths
  • 3,562 sqft (on 1.14 acres)

340 Rainbow Dr, Waco, TX 76712

Est. Refi. Payment $5,086/mo*
Refinance Your Home

Home Value

Trulia Estimate
$794K
Since last month
Increased$6K (+0.7%)
Since last year
Decreased$12K (-1.5%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +65% in the last 10 years
MonthEstimated value
2026
August 2026$796K
August 2026$794K
July 2026$791K
June 2026$810K
May 2026$801K
April 2026$779K
March 2026$775K
February 2026$774K
January 2026$767K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
218 Rainbow Dr, Woodway, TX
0.20
Single-Family Home
-
03/11/26
4
3
2,570
9400 Oak Hill Dr, Woodway, TX
0.62
Single-Family Home
-
12/19/25
4
3
3,055
400 Broughton Dr, Woodway, TX
0.36
Single-Family Home
-
05/06/26
3
3
2,370
7821 Tallahassee Rd, Woodway, TX
0.65
Single-Family Home
-
07/17/26
3
2.5
2,374
7916 Old McGregor Rd, Woodway, TX
0.50
Single-Family Home
-
09/19/25
3
3.5
2,633
212 Shady Place Dr, Woodway, TX
0.22
Single-Family Home
-
08/10/26
3
2.5
2,304
200 Wellington Dr, Woodway, TX
0.24
Single-Family Home
-
01/02/26
3
2.5
2,291
209 Kingston Dr, Woodway, TX
0.32
Single-Family Home
-
12/16/25
3
2.5
2,769
282 Rockford Rd, Woodway, TX
0.42
Single-Family Home
-
10/23/25
4
2
2,043
1009 Bob O Link Dr, Woodway, TX
0.88
Single-Family Home
-
06/10/26
4
3.5
3,206

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
Tbd Rainbow Dr, Woodway, TX 76712
0.10
$250,000
-
-
-
For Sale
108 Landsborough Dr, Woodway, TX 76712
0.18
$419,900
3
2
2,228
For Sale
100 Landsborough Dr, Woodway, TX 76712
0.19
$374,500
3
3
2,779
Off Market
102 Pleasant Grove Ln #102, Woodway, TX 76712
0.21
$214,200
2
2
1,485
Off Market
212 Shady Place Dr, Woodway, TX 76712
0.22
-
3
2.5
2,304
Recently Sold
219 Rainbow Dr, Woodway, TX 76712
0.16
$533,500
3
2
2,440
Off Market
208 Shady Place Dr, Woodway, TX 76712
0.22
$318,300
2
2.5
2,011
Off Market
103 Pleasant Grove Ln, Waco, TX 76712
0.22
$212,500
2
2
1,656
Off Market
101 Pleasant Grove Ln #1, Woodway, TX 76712
0.22
$254,800
2
2
1,533
Off Market
355 Rainbow Dr, Woodway, TX 76712
0.18
$160,000
-
-
-
For Sale
208 Wellington Dr, Woodway, TX 76712
0.23
$413,700
3
2.5
2,234
Off Market
112 Pleasant Grove Ln, Waco, TX 76712
0.24
-
2
2.5
1,338
Recently Sold

Local Information

  • Map ViewExplore the area around 340 Rainbow Dr.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 2012
1.14 acre lot
3,562 sqft
$223/sqft
Garage

About this House

Rare opportunity in private Rainbow Lake community, over an acre of land in the heart of Woodway! This 2012 custom-built 4 bed, 4 bath home includes 800+ sq ft 3-car garage and 600+ sq ft Bonus Room w/ full bath (could be 5th bedroom). Open floorplan perfect for entertaining. Smart Home features include app-controlled home theater, lighting, and security. Covered back patio and huge backyard; plenty of room for a pool! Spray foam insulation and high efficiency windows to keep your utility bills low. Access to private 20-acre community lake, walking & biking trails. Prepare to fall in love! Call/text Austin for private showing: (254) 300-1845
340 Rainbow Dr, Waco, TX 76712 is a 4 bedroom, 4 bathroom, 3,562 sqft single-family home built in 2012. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $793,700, with a rent estimate of $4,721/month.

Home Details for 340 Rainbow Dr

Interior Features

Heating & Cooling
Heating: Forced Air, ElectricAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 2Floors: Carpet, Hardwood
Interior Details
Number of Rooms: 9Types of Rooms: Walk In Closet, Breakfast Nook, Dining Room, Family Room, Laundry Room, Master Bath, Office, PantryCeiling Fan
Appliances & Utilities
DishwasherDisposalMicrowaveRefrigerator
Fireplace & Spa
Fireplace
Security
Security System

Exterior Features

Exterior Home Features
Roof: CompositionExterior: Other, Stone, Wood ProductsFoundation Type: SlabLawnPatioPorchSprinkler System
Parking & Garage
GarageParking: Carport, Garage Attached

Property Information

Year Built
Year Built: 2012
Property Type / Style
Property Type: Single Family HomeArchitecture: Craftsman

Lot Information

Lot Area: 1.14 acres

Price and Tax history

YearProperty taxTax assessment
2025
$11,663
$775,000
Home facts updated by county records

Market trends in Woodway

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$399K
$30.5KMoM
Sale-to-List Price
98.8%
0.1%MoM
Price per sq ft
$187
$5MoM
Available listings
191
2MoM

Around this home

What Locals Say about Woodway

At least 155 Trulia users voted on each feature.

  • 89 % Say car is needed

  • 87 % Say it's dog friendly

  • 84 % Say parking is easy

  • 77 % Say there's holiday spirit

  • 74 % Say yards are well-kept

  • 74 % Say people would walk alone at night

  • 72 % Say kids play outside

  • 70 % Say it's quiet

  • 48 % Say neighbors are friendly

  • 46 % Say they plan to stay for at least 5 years

  • 44 % Say there are sidewalks

  • 42 % Say there's wildlife

  • 42 % Say streets are well-lit

  • 29 % Say there are community events

  • 27 % Say it's walkable to grocery stores

  • 18 % Say it's walkable to restaurants

Sourced by Trulia users. Learn more about our methodology.
  • Juliette O'byrne
    "My neighborhood is close to a lot of either main roads or easy to travel roads with good speed limits so commuting anywhere is great and easy."
    0
    Flag
  • H. Tall
    "Some dog owners do not have control of their dogs. Great places to walk your dog but got to watch out for dog poop that has not been picked up."
    0
    Flag
  • Ron Andersen
    "It’s less than five minutes away from where I work. In about 10 minutes to downtown. Easy access to all the malls and shopping centers. Not a lot of traffic."
    0
    Flag
  • Brittany Toner
    "Hewitt Park is the closest neighborhood park for walking your dog and there are doggy bags available there as well as dog fountains. People do tend to leave their dog's waste behind instead of taking advantage of the easily accessible dog stations. Overall the neighborhoods aren't bad for dog walking with the exception of school zones and busy traffic areas."
    1
    Flag
  • Trulia User
    "I love my neighbors. The neighborhood is quiet and when you need someone for help, they are glad to help you. Our neighbors walk their dogs, run, walk. It's a beautiful neighborhood to be a part of. "
    0
    Flag
  • Bryan D.
    "Fantastic place to live, very safe. Great police, excellent community. Great city leaders. Woodway rocks"
    3
    Flag
  • Spence
    "We love it here. Great people with many things to do. This is a family town and having Baylor here allows for multiple opportunities to see top Notch sports."
    0
    Flag
  • Tracisprings
    "Very quiet, friendly, safe and clean neighborhood! You can take a walk anytime of the day or night and feel safe. Most people take pride in where they live whether they rent or own the property. "
    4
    Flag
  • Elif Z.
    "I like this neighborhood and I think here is safe for us and for our children. All the people are friendly and there is a park for the children for having fun time together. "
    0
    Flag
  • Goalieluver
    "None that I’m aware of. I am new to the area and I don’t go out at night. Still, it’s a nice, safe place to live"
    1
    Flag
  • Goalieluver
    "This is a clean and safe place to live. There are plenty of amenities...grocery stores, restaurants, storage units, banks, but it’s still quiet and peaceful. I love it here!"
    0
    Flag
  • Doug W.
    "Dogs are everywhere. We live in the country. Most everyone has at least one dog. We moved here to get away from city life."
    0
    Flag
  • Delayne.sorrow
    "We've lived here for 28 years. We took our kids on walks and to the area parks, and now we're taking our grandchildren. Trick or Treating on Halloween is always a big night here. Family is huge in this area!"
    13
    Flag
  • Mfrench1986
    "Quite a few dog owners think it's acceptable for their dogs to walk across their neighbors lawns and freely defecate anywhere at anytime. "
    5
    Flag
  • Kimberdemas
    "I walking around the neighborhood with my dog I don’t see that many different types of dogs. So I would say Dog restrictions are unnecessary unless the animal actually has prior offenses."
    3
    Flag
  • Dennis
    "I have lived here for more than 10 years and I love it. Neighbors are friendly and it is kind of quiet and feel safe here."
    1
    Flag
  • Cynthialaniz
    "community pools, bike trails.. safety is top priority. We are looking for a Kid Friendly, Pet friendly neighborhood that is somewhat close to restaurants but mainly has outside activities within walking distance. "
    0
    Flag
  • Besafe69
    "We don't have any kind of community events. People either go to Hewitt events or to Waco events. It would be nice if the neighborhoods did more things together but there has to be people who want to plan them. We are moving to Oklahoma to be close to family."
    1
    Flag
  • Mcdonaldvickie
    "As long as the pet stays in the yard, it will be safe. The area ie quiet, but my street leads to a major highway."
    0
    Flag
  • Sara J. P.
    "I would not even call it a commute! Only 20 minutes to downtown, 8 minutes to stores and restaurants. minimal traffic anywhere. "
    0
    Flag
  • Jami G. S.
    "it's the best school district in the neighborhood and so quiet and the neighbors are nice. all the yards look good because the city make sure you keep them up and"
    1
    Flag
  • Austin A.
    "I have a creek through my front yard with a multitude of trees. My neighborhood feels like it’s secluded and in the country but it’s close to the grocery store and other businesses "
    9
    Flag
  • Kaycjacjson
    "Great location. Close to shops, restaurants and safe. So glad we moved to this area. Great schools and medical services "
    11
    Flag
  • Floresjuan69
    "I love to get to places quick no traffic. Nice places to go out to eat with the family great Mexican food and I love Texas Roadhouse too."
    7
    Flag
  • Troy S.
    "This is an Excellent area to Live. Every home is very well kept. Each home holds its Value very well. Moving to Woodway, Midway ISD area. Check out Stone Creek Ranch Subdivision. Each home is so unique. lots of pride here."
    1
    Flag
  • Troy S.
    "I'm a Local Realtor and this is an Excellent area to live. "
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 340 Rainbow Dr

  • What is 340 Rainbow Dr estimated to be worth?
    Trulia's estimated value for 340 Rainbow Dr in Waco, TX is $793,700.
  • Is Waco a buyer's or seller's market?
    Waco is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Waco?
    The median sale price in Waco is $399K. That is up $30.5K from the prior month.
  • What do residents say about Waco?
    Residents describe Waco, TX as dog-friendly, easy to park in, and well-kept. Most residents say you need a car. See recently sold homes in Waco, TX.
  • Does 340 Rainbow Dr have air conditioning?
    Yes, 340 Rainbow Dr in Waco, TX has air conditioning.
  • Does 340 Rainbow Dr have laundry facilities?
    Yes, 340 Rainbow Dr in Waco, TX has laundry facilities.

Explore by feature - Pet Friendly

211 pet-friendly rentals in Waco, TX

Explore by feature - Garage

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