223 Rainbow Road, Lakewood, PA 18439
$599,000
Property Type:
Residential
Bedrooms:
5
Baths:
3
Square Footage:
3,797
Status:
Active
Current Price:
$599,000
List Date:
10/17/2025
Last Modified:
1/13/2026
Description
Escape to your own private retreat with this sprawling 5-bedroom, 2.5-bath custom home set on 18+ picturesque acres in Lakewood! Featuring an inviting open floor plan, this home offers a large living room with a cozy pellet stove fireplace, a formal dining area, and a spacious eat-in kitchen with a center island—perfect for entertaining. Enjoy the warmth of the sunroom or relax in the main floor primary suite complete with hardwood floors and a full bath. Four additional bedrooms provide plenty of space for family and guests. The massive lower-level recreation room is ideal for game nights or movie marathons, while the wraparound porch with a built-in gazebo area sets the scene for evenings by the fire. An attached 2-car garage and large shed offer ample storage for all your gear. Adventure awaits just outside your door—18+ mostly wooded acres perfect for hunting or ATV riding, and the O&W Rail-Trail right across the street offers 30+ miles of hiking, biking, horseback, and snowmobile trails. Located only 30 minutes to Elk Mountain, 35 minutes to Honesdale, and 10 minutes to the Delaware River, this property truly has something for everyone—whether you're seeking a full-time residence or the ultimate recreation getaway!
More Information MLS# PW-253495
Contract Information
Property Attached YN: No
Listing Service: Full Service
Current Price: $599,000
List Price: $599,000
Status: Active
Listing Contract Date: 2025-10-15
Property Sub Type: Single Family Residence
Location, Tax, and Legal
Municipality: Preston Township
City Region: Lakewood
High School District: Wayne Highlands
County Tax Amount: 1456.24
Municipal Tax Amount: 480.82
School Tax Amount: 5462.89
Tax Annual Amount: 7399.95
Tax Assessed Value: 418100
Parcel Number: 20-0-0142-0038
Additional Parcels YN: No
Zoning: Residential
Tax Book Number: R-3990/303
General Property Information
Rooms Total: 9
Bathrooms Half: 1
Above Grade Finished Area: 2392
Below Grade Finished Area: 1405
Above Grade Unfinished Area: 60
Below Grade Unfinished Area: 96
Lot Size Acres: 18.73
Association YN: No
Enhanced Accessible: No
Year Built Source: Public Records
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Waterfront YN: No
Water Body Name: None
Basement YN: Yes
Stories: 2
Fireplace YN: Yes
List Price/SqFt: 157.76
Bedrooms Total: 5
Bathrooms Total: 3
Bathrooms Full: 2
Living Area: 3797
Year Built: 1996
Remarks and Miscellaneous
Public Remarks: Escape to your own private retreat with this sprawling 5-bedroom, 2.5-bath custom home set on 18+ picturesque acres in Lakewood! Featuring an inviting open floor plan, this home offers a large living room with a cozy pellet stove fireplace, a formal dining area, and a spacious eat-in kitchen with a center island—perfect for entertaining. Enjoy the warmth of the sunroom or relax in the main floor primary suite complete with hardwood floors and a full bath. Four additional bedrooms provide plenty of space for family and guests. The massive lower-level recreation room is ideal for game nights or movie marathons, while the wraparound porch with a built-in gazebo area sets the scene for evenings by the fire. An attached 2-car garage and large shed offer ample storage for all your gear. Adventure awaits just outside your door—18+ mostly wooded acres perfect for hunting or ATV riding, and the O&W Rail-Trail right across the street offers 30+ miles of hiking, biking, horseback, and snowmobile trails. Located only 30 minutes to Elk Mountain, 35 minutes to Honesdale, and 10 minutes to the Delaware River, this property truly has something for everyone—whether you're seeking a full-time residence or the ultimate recreation getaway!
Appliances
Dishwasher: 1
Dryer: 1
Electric Cooktop: 1
Electric Oven: 1
Microwave: 1
Washer: 1
Architectural Style
Cape Cod: 1
Basement
Finished: 1
Full: 1
Construction Materials
Vinyl Siding: 1
Cooling
Ceiling Fan(s): 1
Current Use
Single Family: 1
Electric
200 or Less Amp Service: 1
Fireplace Features
Living Room: 1
Pellet Stove: 1
Flooring
Carpet: 1
Hardwood: 1
Laminate: 1
Tile: 1
Heating
Baseboard: 1
Hot Water: 1
Oil: 1
Pellet Stove: 1
Interior Features
Eat-in Kitchen: 1
Kitchen Island: 1
Open Floorplan: 1
Pantry: 1
Smart Thermostat: 1
Laundry Features
Laundry Room: 1
Main Level: 1
Sink: 1
Levels
Two: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Back Yard: 1
Front Yard: 1
Not In Development: 1
Wooded: 1
Other Structures
Gazebo: 1
Shed(s): 1
Parking Features
Attached: 1
Driveway: 1
Paved: 1
Patio And Porch Features
Porch: 1
Wrap Around: 1
Possession
Close Of Escrow: 1
Road Frontage Type
City Street: 1
Road Responsibility
Public Maintained Road: 1
Roof
Shingle: 1
Security Features
Security System: 1
Sewer
On Site Septic: 1
Structure Type
House: 1
View
Neighborhood: 1
Rural: 1
Trees/Woods: 1
Water Source
Well: 1
Room Types
Bathroom 1: 1
Bathroom 1 Level: Main
Bathroom 3: 1
Bathroom 3 Level: Second
Bedroom 2: 1
Bedroom 2 Level: Main
Bedroom 3: 1
Bedroom 3 Level: Second
Bedroom 4: 1
Bedroom 4 Level: Second
Bedroom 5: 1
Bedroom 5 Level: Second
Dining Room: 1
Dining Room Level: Main
Family Room: 1
Family Room Level: Lower
Kitchen: 1
Kitchen Level: Main
Laundry: 1
Laundry Level: Main
Living Room: 1
Living Room Level: Main
Primary Bathroom: 1
Primary Bathroom Level: Main
Primary Bedroom: 1
Primary Bedroom Level: Main
Eating Area: 1
Eating Area Level: Main
Four Season Room: 1
Four Season Room Level: Main
Location Tax and Legal
Street Number: 223
Street Name: Rainbow
Street Suffix: Road
County: Wayne
State: PA
Postal Code: 18439
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2026-01-13T17:53:22Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-01-13T17:53:22Z
Property Features
Appliances: Dishwasher; Dryer; Electric Cooktop; Electric Oven; Microwave; Washer
Architectural Style: Cape Cod
Basement: Finished; Full
Construction Materials: Vinyl Siding
Cooling: Ceiling Fan(s)
Current Use: Single Family
Electric: 200 or Less Amp Service
Fireplace Features: Living Room; Pellet Stove
Flooring: Carpet; Hardwood; Laminate; Tile
Heating: Baseboard; Hot Water; Oil; Pellet Stove
Interior Features: Eat-in Kitchen; Kitchen Island; Open Floorplan; Pantry; Smart Thermostat
Laundry Features: Laundry Room; Main Level; Sink
Levels: Two
Listing Terms: Cash; Conventional
Lot Features: Back Yard; Front Yard; Not In Development; Wooded
Other Structures: Gazebo; Shed(s)
Parking Features: Attached; Driveway; Paved
Patio And Porch Features: Porch; Wrap Around
Possession: Close Of Escrow
Road Frontage Type: City Street
Road Responsibility: Public Maintained Road
Roof: Shingle
Security Features: Security System
Sewer: On Site Septic
Structure Type: House
View: Neighborhood; Rural; Trees/Woods
Water Source: Well
Room Types: Bathroom 1; Bathroom 3; Bedroom 2; Bedroom 3; Bedroom 4; Bedroom 5; Dining Room; Eating Area; Family Room; Four Season Room; Kitchen; Laundry; Living Room; Primary Bathroom; Primary Bedroom
Room Information
Living Room
Level: Main
Length: 21.00
Length: 21.00
Width: 18.00
Width: 18.00
Remarks: Pellet Stove
Dining Room
Level: Main
Length: 11.50
Length: 11.50
Width: 11.00
Width: 11.00
Kitchen
Level: Main
Length: 12.00
Length: 12.00
Width: 12.00
Width: 12.00
Remarks: Island
Eating Area
Level: Main
Length: 12.00
Length: 12.00
Width: 7.50
Width: 7.50
Remarks: Breakfast Nook
Bathroom 1
Level: Main
Length: 6.00
Length: 6.00
Width: 5.00
Width: 5.00
Remarks: 1/2 Bath
Primary Bedroom
Level: Main
Length: 16.00
Length: 16.00
Width: 14.00
Width: 14.00
Primary Bathroom
Level: Main
Length: 12.50
Length: 12.50
Width: 8.50
Width: 8.50
Bedroom 2
Level: Main
Length: 12.00
Length: 12.00
Width: 10.50
Width: 10.50
Four Season Room
Level: Main
Length: 20.50
Length: 20.50
Width: 9.00
Width: 9.00
Remarks: Sunroom
Laundry
Level: Main
Length: 12.50
Length: 12.50
Width: 5.50
Width: 5.50
Remarks: Mudroom w/ Sink
Bedroom 3
Level: Second
Length: 20.00
Length: 20.00
Width: 16.00
Width: 16.00
Bedroom 4
Level: Second
Length: 16.00
Length: 16.00
Width: 10.50
Width: 10.50
Bedroom 5
Level: Second
Length: 15.00
Length: 15.00
Width: 9.50
Width: 9.50
Bathroom 3
Level: Second
Length: 12.00
Length: 12.00
Width: 8.00
Width: 8.00
Remarks: Double Sink
Family Room
Level: Lower
Length: 45.00
Length: 45.00
Width: 45.00
Width: 45.00
Listing Office:
Iron Valley R E Innovate
Last Updated: January - 13 - 2026
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