223 Rainbow Road, Lakewood, PA 18439 (MLS# PW-253495)

223 Rainbow Road, Lakewood, PA 18439

$589,000

Virtual Tour

https://www.zillow.com/view-3d-home/3abd236e-c2f7-4f56-9501-3d7d9cad56eb?setAttribution=mls&wl=true&utm_source=dashboard

Property Type: Residential Bedrooms: 5 Baths: 3 Square Footage: 3,797 Status: Active

Current Price: $589,000 List Date: 10/17/2025 Last Modified: 4/02/2026

Overview

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!

Listing Details MLS# PW-253495

General Property Information

Bedrooms Total: 5
Rooms Total: 9
Bathrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Above Grade Finished Area: 2392
Below Grade Finished Area: 1405
Above Grade Unfinished Area: 60
Below Grade Unfinished Area: 96
Living Area: 3797
Enhanced Accessible: No
Year Built: 1996
Year Built Source: Public Records
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Lot Size Acres: 18.73
Association YN: No
Waterfront YN: No
Water Body Name: None
Basement YN: Yes
Stories: 2
Fireplace YN: Yes
List Price/SqFt: 155.12

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

Contract Information

Listing Contract Date: 2025-10-15
Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Service: Full Service

Location Tax and Legal

Street Number: 223
Street Name: Rainbow
Street Suffix: Road
County: Wayne
State: PA
Postal Code: 18439
Subdivision Name: None

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!

Status Change Information

Major Change Timestamp: 2026-04-02T21:03:54Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-04-02T21:03:54Z

More Information

Room Types

Bathroom 1 Level: Main
Bathroom 3 Level: Second
Bedroom 2 Level: Main
Bedroom 3 Level: Second
Bedroom 4 Level: Second
Bedroom 5 Level: Second
Dining Room Level: Main
Eating Area Level: Main
Family Room Level: Lower
Four Season Room Level: Main
Kitchen Level: Main
Laundry Level: Main
Living Room Level: Main
Primary Bathroom Level: Main
Primary Bedroom Level: Main
Bathroom 1: Yes
Bathroom 3: Yes
Bedroom 2: Yes
Bedroom 3: Yes
Bedroom 4: Yes
Bedroom 5: Yes
Dining Room: Yes
Family Room: Yes
Kitchen: Yes
Laundry: Yes
Living Room: Yes
Primary Bathroom: Yes
Primary Bedroom: Yes
Eating Area: Yes
Four Season Room: Yes

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

Appliances

Dishwasher: Yes
Dryer: Yes
Electric Cooktop: Yes
Electric Oven: Yes
Microwave: Yes
Washer: Yes

Architectural Style

Cape Cod: Yes

Basement

Finished: Yes
Full: Yes

Construction Materials

Vinyl Siding: Yes

Cooling

Ceiling Fan(s): Yes

Current Use

Single Family: Yes

Electric

200 or Less Amp Service: Yes

Fireplace Features

Living Room: Yes
Pellet Stove: Yes

Flooring

Carpet: Yes
Hardwood: Yes
Laminate: Yes
Tile: Yes

Heating

Baseboard: Yes
Hot Water: Yes
Oil: Yes
Pellet Stove: Yes

Interior Features

Eat-in Kitchen: Yes
Kitchen Island: Yes
Open Floorplan: Yes
Pantry: Yes
Smart Thermostat: Yes

Laundry Features

Laundry Room: Yes
Main Level: Yes
Sink: Yes

Levels

Two: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Back Yard: Yes
Front Yard: Yes
Not In Development: Yes
Wooded: Yes

Other Structures

Gazebo: Yes
Shed(s): Yes

Parking Features

Attached: Yes
Driveway: Yes
Paved: Yes

Patio And Porch Features

Porch: Yes
Wrap Around: Yes

Possession

Close Of Escrow: Yes

Road Frontage Type

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Shingle: Yes

Security Features

Security System: Yes

Sewer

On Site Septic: Yes

Structure Type

House: Yes

View

Neighborhood: Yes
Rural: Yes
Trees/Woods: Yes

Water Source

Well: Yes

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: April - 02 - 2026

Information displayed on this website on listings other than those of the website owner is displayed with permission of the Pike Wayne Association of REALTORS and Broker/Participants of the Pike Wayne MLS. IDX information 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. Information is from sources deemed reliable but is not guaranteed. Prospective buyers should verify information independently.