741 Rainbow Rd, Bismarck, AR 71929
Property image
Property image
FOR SALE
5.5 ACRES

$1,295,000

Original price: $1,495,000
  • 4 Beds
  • 3 Baths
  • 2,041 sqft (on 5.50 acres)

741 Rainbow Rd, Bismarck, AR 71929

Est. Mortgage $7,365/mo*
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Home Highlights

Single-Family Home
Built in 1968
5.5 acre lot
$634/sqft

Local Information

  • Map ViewExplore the area around 741 Rainbow Rd.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

A rare find! One of the only houses on lake DeGray with access to the lake as well as an excellent view from the home. The house is a 4 bedroom/3 bath home well designed for privacy with an open concept in a secluded wooded setting. Additionally, the property has a cottage guest house and an open barn for storage. This is a unique, one of a kind property with direct access to lake DeGray.
Last check for updates: about 12 hours ago
Listing courtesy of Lori Yates, (903) 809-9006
Century 21 All Points Realty, (903) 832-4561
Source: CARMLS, MLS#25024371
Also Listed on TMLS, CARMLS.

Home Details for 741 Rainbow Rd

Active Status

MLS Status: Active

Interior Features

Interior Details
Number of Rooms: 1Types of Rooms: Dining Room
Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 3Number of Bathrooms (full): 3
Dimensions and Layout
Living Area: 2041 Square Feet
Appliances & Utilities
Appliances: Microwave, Dishwasher, Disposal, Refrigerator, Electric Water HeaterDishwasherDisposalLaundry: Washer Hookup,Electric Dryer Hookup,Laundry RoomMicrowaveRefrigerator
Heating & Cooling
Heating: ElectricHas CoolingAir Conditioning: ElectricHas HeatingHeating Fuel: Electric
Fireplace & Spa
Fireplace: Woodburning-Site-BuiltHas a Fireplace
Windows, Doors, Floors & Walls
Flooring: Carpet, Vinyl
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoFloors: Carpet, Vinyl
View
Has a ViewView: Lake

Exterior Features

Exterior Home Features
Roof: ShingleFoundation: Slab/Crawl Combination
Parking & Garage
Parking: Parking Pad
Frontage
WaterfrontWaterfront: Lake FrontRoad Surface Type: Dirt, GravelOn Waterfront
Water & Sewer
Sewer: Public Sewer

Days on Market

Days on Market: 180+

Property Information

Year Built
Year Built: 1968
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Traditional
Building
Construction Materials: Frame, StoneNot a New Construction

Price & Status

Price
List Price: $1,295,000Price Per Sqft: $634
Status Change & Dates
Possession Timing: Close Of Escrow

Location

Direction & Address
City: BismarckCommunity: FRED SHEETS

Agent Information

Listing Agent
Listing ID: 25024371

Building

Building Area
Building Area: 2041 Square Feet

HOA

No HOAHOA Fee: No HOA Fee

Lot Information

Lot Area: 5.5 Acres

Offer

Listing Terms: Conventional, Cash

Miscellaneous

Mls Number: 25024371Water ViewWater View: LakeDays In Mls: 290

What Locals Say about Bismarck

At least 3 Trulia users voted on each feature.
  • 100 % Say parking is easy

  • 100 % Say car is needed

  • 100 % Say there's wildlife

  • 100 % Say there's holiday spirit

  • 88 % Say yards are well-kept

  • 88 % Say it's quiet

  • 71 % Say kids play outside

  • 64 % Say neighbors are friendly

  • 60 % Say people would walk alone at night

  • 29 % Say it's dog friendly

  • 29 % Say there are community events

  • 25 % Say they plan to stay for at least 5 years

  • 14 % Say it's walkable to restaurants

  • 13 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Unspecified
    "It’s great here we love it. Plan on being here for as long as possible did not grow up here, but lived here briefly, and moved away into multiple different cities and then found my way back. Never wanna leave."
  • Kim Moore
    "We do not attend community events in this area. There are community events that are held here in Bismarck "
  • Chance M.
    "It’s nice to be centrally located around Hot Springs, Arkadelphia, and Malvern. I’m only an hour away from the capitol. "
  • James_williams3632
    "we are a very close knit community family that looks after everyone, we help out with each other and love one another it's a leave your doors unlocked at night type of feeling here"

Market trends in Bismarck

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
23
5
MoM

Home Value

Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

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
0.97
Single-Family Home
$360,000
09/17/25
4
3
2,452
1.40
Single-Family Home
$185,000
07/30/26
2
2.5
2,250
1.12
Single-Family Home
$189,000
11/14/25
3
2
1,360
2.19
Single-Family Home
$175,000
11/25/25
3
2
1,589
2.57
Single-Family Home
$220,000
10/03/25
2
1.5
1,373
2.62
Single-Family Home
$128,000
09/22/25
3
2
1,672
2.33
Single-Family Home
$110,000
05/06/26
1
1
560
3.25
Single-Family Home
$285,000
10/07/25
3
2
2,180
3.10
Single-Family Home
$220,000
03/27/26
2
2
1,680
3.12
Single-Family Home
$335,000
06/25/26
2
2
1,428

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
0.56
$84,000
3
1
1,080
Off Market
0.91
$182,700
2
1
1,064
Off Market
0.97
$361,500
4
3
2,452
Off Market
0.99
-
-
-
-
Off Market
1.03
$328,000
-
-
-
For Sale
1.05
-
-
-
-
Off Market
1.07
$162,000
2
2
1,216
Recently Sold
1.07
-
-
-
-
Off Market
1.11
$452,000
3
3
2,982
Off Market
1.12
$189,000
3
2
1,360
Recently Sold
1.13
$193,000
3
2
1,960
Off Market

Price and Tax history

DateEventPrice
Mar 30, 2026
Source: TMLS #117967
PriceChange
$1,295,000
Price decreased by 13%
Jun 16, 2025
Source: TMLS #117967
Listed For Sale
$1,495,000
Aug 31, 2018
Source: N/A
Sold
$3,683

LGBTQ Local Legal Protections

Lori Yates, Century 21 All Points Realty, (903) 832-4561
Agent Phone: (903) 809-9006
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Frequently asked questions about 741 Rainbow Rd

  • What is the estimated monthly payment for 741 Rainbow Rd?
    Based on a $1,295,000 list price with 20% down at today's rates, the estimated monthly payment for 741 Rainbow Rd in Bismarck, AR is approximately $7,626 (about $7,001 principal & interest, $550 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • What are the closest schools to 741 Rainbow Rd?
    The closest schools to 741 Rainbow Rd in Bismarck, AR are Bismarck Elementary School (Pre-K, rated 8/10), Bismarck High School (rated 8/10), Bismarck Middle School (Elementary, rated 7/10).
  • Does 741 Rainbow Rd have air conditioning?
    Yes, 741 Rainbow Rd in Bismarck, AR has air conditioning.
  • Does 741 Rainbow Rd have laundry facilities?
    Yes, 741 Rainbow Rd in Bismarck, AR has laundry facilities.
  • How big is the lot at 741 Rainbow Rd?
    The lot at 741 Rainbow Rd in Bismarck, AR is about 5.5 acres.
  • Does 741 Rainbow Rd have parking?
    Yes, 741 Rainbow Rd in Bismarck, AR has on-site parking.
741 Rainbow Rd, Bismarck, AR 71929 is a 4 bedroom, 3 bathroom, 2,041 sqft single-family home built in 1968. This property is currently available for sale and was listed by CARMLS on Jun 20, 2025. The MLS # for this home is MLS# 25024371.