$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*
Get Pre-QualifiedHome Highlights
Single-Family Home
Built in 1968
5.5 acre lot
$634/sqft
Local Information
-- mins to
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.
Home Details for 741 Rainbow Rd
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MLS Status: Active |
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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 |
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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 |
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Days on Market: 180+ |
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Year Built Year Built: 1968 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Traditional |
Building Construction Materials: Frame, StoneNot a New Construction |
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Price List Price: $1,295,000Price Per Sqft: $634 |
Status Change & Dates Possession Timing: Close Of Escrow |
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Direction & Address City: BismarckCommunity: FRED SHEETS |
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Listing Agent Listing ID: 25024371 |
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Building Area Building Area: 2041 Square Feet |
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No HOAHOA Fee: No HOA Fee |
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Lot Area: 5.5 Acres |
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Listing Terms: Conventional, Cash |
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Mls Number: 25024371Water ViewWater View: LakeDays In Mls: 290 |
Around this home
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.
Market trends in Bismarck
Last updated August 2026
Avg. sale price
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Sale-to-List Price
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Price per sq ft
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Available listings
23
5MoM
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
| Date | Event | Price |
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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 |
| Year | Property tax | Tax assessment |
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| 2025 | $2,019 | $201,850 |
Home facts updated by county records
LGBTQ Local Legal Protections
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.

