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

741 Rainbow Rd
Bismarck, AR 71929

  • 4 Beds
  • 3 Baths
  • 2,041 sqft (on 5.50 acres)

$1,295,000

Original price: $1,495,000

$1,295,000

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

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

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 Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$634
Listed
180+ days ago

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
Last check for updates: about 2 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.

Market trends in Bismarck

Last updated April 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
32

Price History for 741 Rainbow Rd

DatePriceEventSource
03/30/2026$1,295,000PriceChange
TMLS #117967
06/16/2025$1,495,000Listed For SaleTMLS #117967
08/31/2018$3,683Sold
N/A

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Property Tax and Assessment

Year2025
Tax$2,019
Assessment$201,850
Home facts updated by county records

Comparable Sales for 741 Rainbow Rd

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
1.12
Single-Family Home
$189,000
11/14/25
3
2
1,360
1.66
Single-Family Home
$87,000
09/04/25
3
2
2,080
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
2.78
Single-Family Home
$23,500
10/20/25
3
2
1,064
3.10
Single-Family Home
$220,000
03/27/26
2
2
1,680

Nearby homes

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Assigned Schools

These are the assigned schools for 741 Rainbow Rd.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

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"

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.
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.