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$749,990

640 Rainbow Canyon Lake, TX 78133

5 beds
4 full
2,774 sqft
1.0 acres
$270 / sqft
House

Property details

About 640 Rainbow

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!

Highlights

Home typeSingle Family Residence
HeatingCentral, Electric
StatusActive
CoolingCentral Air
Size2,774 sqft
Lot size1.012 Acres
Year built1975
ParkingNone/Not Applicable
MLS #1848071
FireplaceOne, Living Room
ViewTrees/Woods

Summary

  • Full Bathrooms: 4
  • Appliances: Ceiling Fan(s), Washer, Dryer, Microwave, Range, Refrigerator, Disposal, Dishwasher, Electric Water Heater
  • Flooring Type: Ceramic Tile
  • 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
  • Fireplace: One, Living Room
  • Total Bedroom Count: 5
  • Attached Garage: No
  • Parking: None/Not Applicable
  • View: Trees/Woods
  • Exterior: Patio Slab, Covered Patio, Privacy Fence, Partial Fence, Mature Trees
  • Architectural Style: One Story
  • Heating: Central, Electric
  • Cooling: Central Air
  • List Price: $749,990
  • Price/SqFt: $270
  • Lot: Wooded, Level
  • Directions: FM 306 to Rainbow Ridge. House is the third on the Left.
  • Year Built: 1975
  • Stories: 1
  • Living Area: 2,774 SqFt
  • Lot Size: 1.012 Acres
  • MLS Number: 1848071
  • Office Name: Option One Real Estate
  • Office Phone: (210) 392-2851
  • Office Email: armorgan@morgansolutionsrealty.com
  • Listing Agent: Adam Morgan

IDXDisclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the San Antonio Board of Realtors. Real estate listings held by brokerage firms are indicated by detailed information about them such as the name of the listing firms. © 2025 San Antonio Board of Realtors®. All Rights Reserved.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Properties subject to prior sale, change, withdrawal or rental. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 7/29/2025, 10:45:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

We're sorry, we currently don't have tax history data for this listing.

Nearby schools

7

Mountain Valley Elementary School

Public District PK-5

0.5 mi

310 Cannan Rd

9

Hoffmann Lane Elementary School

Public District PK-5

6.0 mi

4600 FM 306

4

Startzville Elementary School

Public District PK-5

6.8 mi

42111 FM 3159

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $57,265. Most Canyon Lake, TX residents have annual incomes between $35k-100k. Most families are single, no kids. Most residents in this area have post secondary degree education.

How much money do the neighbors make?

31%
<35k
45%
35k-100k
18%
100k-200k
6%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

40%
Single, No Kids
9%
Single, with Kids
39%
Married, No Kids
12%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

10%
<11 yrs old
5%
12-17 yrs old
14%
18-34 yrs old
49%
35-64 yrs old
22%
65+ yrs old

What do the neighbors do for fun?

  • HuntingHunting
  • Figure SkatingFigure Skating
  • NASCARNASCAR

Where do the neighbors shop?

  • DillardsDillards
  • Dick's Sporting GoodsDick's Sporting Goods
  • Wal-MartWal-Mart

Where do the neighbors go to eat?

  • Cracker BarrelCracker Barrel
  • Texas RoadhouseTexas Roadhouse
  • Hardee'sHardee's

What do the neighbors drive?

  • CadillacCadillac
  • SubaruSubaru
  • RamRam

What do the neighbors listen to?

  • News/Talk/InformationNews/Talk/Information
  • New CountryNew Country
  • Classic CountryClassic Country
All data provided by Home Junction and Claritas

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Frequently asked questions

About 640 Rainbow

The listing price of 640 Rainbow property is $749,990.

The property 640 Rainbow is a house located in Canyon Lake, Texas, 78133.

Active Listing: 640 Rainbow is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 640 Rainbow are: Mountain Valley Elementary School (GreatSchools Rating 7/10), Hoffmann Lane Elementary School (GreatSchools Rating 9/10), Startzville Elementary School (GreatSchools Rating 4/10), Mountain Valley Middle School (GreatSchools Rating 7/10), Oakrun Middle School (GreatSchools Rating 5/10), Danforth Jr High School (GreatSchools Rating 8/10), Trinity Charter School (GreatSchools Rating 2/10), Canyon Lake High School (GreatSchools Rating 5/10), Wimberley High School (GreatSchools Rating 7/10).

The property at 640 Rainbow has 5 bedrooms and 4 bathrooms.

The property 640 Rainbow is 2,774 SqFt (source: MLS/tax record).

The year of construction for 640 Rainbow is 1975.

This home is located at 640 Rainbow in Canyon Lake, TX and zip code 78133 in the Riverpoint Estates neighborhood. This 2,774 square foot home, which was built in 1975, sits on a 1.01 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since March 7, 2025 and is currently priced at $749,990.

Over 8 listings were sold over their listed price in June 2025 in Canyon Lake, TX. In the same period over 75 listings were sold below the listed price and 21 listings were sold for the listed price. The number of homes for sale in Canyon Lake, TX increased by 6.6% between May and June 2025. In June 2025, listings were on the market for 89 days. During the same period, the median list price in this real estate market was $450,000.

From Rocket Homes Real Estate and based on county public records data.

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