640 Rainbow
Canyon Lake, TX 78133
- 5 beds
- 4 baths
- 2,774 sqft
- ~1 acre lot
- $270 per sqft
- 1975 build
- – on site
This stunning five-bedroom, four-bathroom home has been completely remodeled from top to bottom and is perfectly situated within walking distance of the Guadalupe River and Whitewater Amphitheater. Whether you're looking for a personal getaway or a short-term rental, this home offers both charm and modern convenience in an unbeatable setting. Sitting on over an acre of land beneath beautiful oak trees, this property is not in a floodplain-a rare and valuable find. The location makes it easy to walk to nearby tube rentals and enjoy a leisurely two-hour float on the river. The vibrant neighborhood is at the heart of all the action, providing the perfect mix of relaxation and entertainment. The renovation, completed in late 2023, took the home down to the studs, ensuring every detail was carefully updated. Everything is brand new, including the plumbing, electrical, septic system, HVAC, flooring, drywall, windows, and doors. The beautifully designed interior features solid wood, soft-close cabinets with quartz countertops, designer fixtures, and a blend of modern finishes with vintage charm. Vaulted ceilings, recessed lighting, and an open floor plan create a bright, inviting space ideal for entertaining or unwinding. For those looking for a seamless move-in or rental experience, some furnishings are negotiable as well. Don't miss this rare opportunity to own a one-of-a-kind home in a prime location. Schedule a showing today!
Last checked:
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Last updated Mar 8, 2025
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MLS# 1848071 —
The Building
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Year Built:1975
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Approx Age:50
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Construction:Pre-Owned
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Recent Rehab:No
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Builder Name:Unknown
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Type:Single Family Detached
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Style:One Story
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Exterior:Stone/Rock, Stucco
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Exterior Features:Patio Slab, Covered Patio, Privacy Fence, Partial Fence, Mature Trees
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Roof:Composition
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Foundation:Slab
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# of Stories:1
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Inclusions:Ceiling Fans, Washer Connection, Dryer Connection, Washer, Dryer, Microwave Oven, Stove/Range, Refrigerator, Disposal, Dishwasher, Electric Water Heater, Solid Counter Tops
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Energy Efficiency:Double Pane Windows, Low E Windows, Ceiling Fans
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Total SqFt:2774
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SqFt Source:Appsl Dist
Interior
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Interior:Two Living Area, Separate Dining Room, Eat-In Kitchen, Two Eating Areas, 1st Floor Lvl/No Steps, Open Floor Plan, All Bedrooms Downstairs, Laundry Main Level, Laundry Room, Walk in Closets
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Window Coverings:Some Remain
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Floors:Ceramic Tile
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# of Fireplaces:1
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Fireplace:One, Living Room
Room Dimensions
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Living Room Length:20
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Living Room Width:13
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Kitchen Length:11
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Kitchen Width:10
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Dining Room Length:10
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Dining Room Width:14
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Family Room Length:17
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Family Room Width:15
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Entry Room Length:20
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Entry Room Width:15
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Master Bedroom Length:20
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Master Bedroom Width:20
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Bedroom 2 Length:13
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Bedroom 2 Width:15
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Bedroom 3 Length:10
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Bedroom 3 Width:9
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Bedroom 4 Length:9
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Bedroom 4 Width:11
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Bedroom 5 Length:11
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Bedroom 5 Width:12
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Master Bath Length:8
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Master Bath Width:9
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Other Room 2 Length:8
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Other Room 2 Width:9
Financial & Terms
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Possession:Closing/Funding
Location
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Directions:FM 306 to Rainbow Ridge. House is the third on the Left.
The Property
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Area:2606
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Legal Desc-Lot:3
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Lot Description:Partially Wooded, Level
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Lot Improvements:Street Paved, Curbs
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Lot Size:1.012
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Pool:No
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Pool/Spa:No Pool
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Price Per SqFt:$270.36
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Property ID:450750002700
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Tax Year:2024
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Total Taxes:$7,650
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Taxed by Multiple Counties:No
Beds
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Total Bedrooms:5
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Master Bedroom:DownStairs, Walk-In Closet, Ceiling Fan, Full Bath
Baths
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Total Baths:4
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Full Baths:4
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Master Bath:Shower Only, Double Vanity
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Full and Half Baths:4
Heating & Cooling
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Heating:Central Heating
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Heating Fuel:Electric
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Air Conditioning:One Central
Utilities
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Sewer:Water System, Sewer System
Schools
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Elementary School:Mountain Valley
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Middle School:Mountain Valley
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High School:Canyon Lake
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School District:Comal
The Community
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Subdivision:River Point Estates
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RIVER POINTSubdivision:
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Senior Community:No
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Neighborhood Amenities:None
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HOA:None
Parking
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Parking:No Parking
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Additional Parking:Circular Drive
Monthly cost estimate

Asking price
$750,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$4,016
|
Taxes | $637 |
Insurance | $206 |
Utilities | $213 See report |
Total | $5,072/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
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3/7/25
Mar 7, 2025
|
Listed / Active | SABOR | $750,000 |