124 Rainbow Rd

Lakewood, PA 18439

$645,000
Price
3
Beds
2,006 Sq. Ft.
$322 / Sq. Ft.
2,006
Sq. Ft.
$322
per Sq. Ft.
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Description

Amazing country property! Located in the small town of Lakewood in Northern Wayne county, this 3 bed 2 bath home is a one of a kind property that does not come along very often. This 12 acre parcel has much to offer, a large 3 car garage with radiant floor heating, a car lift and houses an outdoor furnace to heat both the garage and home. Another great feature is a stocked, 15 foot deep, 1 acre pond. Just beyond the pond is direct access to the Rails and Trails recreational trail system which is...Amazing country property! Located in the small town of Lakewood in Northern Wayne county, this 3 bed 2 bath home is a one of a kind property that does not come along very often. This 12 acre parcel has much to offer, a large 3 car garage with radiant floor heating, a car lift and houses an outdoor furnace to heat both the garage and home. Another great feature is a stocked, 15 foot deep, 1 acre pond. Just beyond the pond is direct access to the Rails and Trails recreational trail system which is 16 miles in length and connects many fine eateries ! There are also 2 water sources , a drilled well that services the house and a dug well that can be used for gardening or farm animals. The home itself has a 520 sq ft Master suite has it's own private entrance. It includes a spacious living area, room for a king bed, closet, and full bathroom. It is located north of the vaulted beamed kitchen with radiant floor heat a central island, and locally sourced marble countertops. Both areas are walled with pine tongue & groove with a very inviting modern cabin feel. is a large sunroom room for living and dining while enjoying the outstanding views of the lower property, large pond, and rolling hills. Above the sun room there are two very quiet and comfortable bedrooms, a walk in closet, and a full bathroom. All 3 areas have spectacular views. Outdoor living is easy with approximately 2000 square feet of decking and a covered porch at the Master Suite's entrance. A secondary / backup oil burner furnace is located in 460 sq ft partially finished basement. With a Vermont Castings Stove propane heater providing ambiance and optional heat in the Master suite to round out the 3 heating options.
  1. Listed by William R Phillips • Brokerage DRE #RB051444C • RE/MAX WAYNE
    P: (570)-647-8388 Phillipsrealtyteam@gmail.com
  2. Listed by Ryan Phillips • Brokerage DRE #RB051444C • RE/MAX WAYNE
    P: (570)-647-5536 C: (570)-647-5536 Phillipsrealtyteam@gmail.com

Property Details for 124 Rainbow Road

Architectural Style
Colonial
View
Pond, Rural
Has View
Yes
Waterfront Features
Pond
Zoning
Residential
LISTING UPDATED: 06/09/2026 09:43 AM

Property Details for 124 Rainbow Road

StatusActive
MLS #PW261200
Days on Market9714
Taxes$5,007 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1974
Lot Size12.00 AC / 522,720 SF
CountyWayne County
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Location

Listing Courtesy of RE/MAX WAYNE
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Building Information for 124 Rainbow Road

Stories2Year Built1974Building Size-Lot Size12.00 AC / 522,720 SF

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$3,631 per month

30 year fixed, 6.36% Interest

Principal and Interest

$3,214

Property Taxes

$417

HOA Dues

$0

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Property Information for 124 Rainbow Road

Summary
Location and General Information
  • Directions: From Honesdale, take 670 N to the Red Schoolhouse, take a R on 247N, follow to the end, take a L on 370 W, go 1 mile, take a R on Rainbow Rd, go 1 mile , property on L see sign
  • Latitude: 41.868942
  • Longitude: -75.376248
Taxes and HOA
  • Association: No
  • Parcel Number: 20-0-0141-0039
  • Tax Annual Amount: $5,007.05
  • Tax Assessed Value: 282900
  • Tax Book Number: R-3470/135
School Information
  • High School District: Wayne Highlands
Parking
  • Garage Spaces: 3.0
  • Garage: Yes
  • Parking Features: Garage, Off Street, Heated Garage, Gravel, Garage Door Opener
Property
Lot Information
  • Lot Features: Sloped, Back Yard, Secluded, Views, Sloped Down, Near Golf Course, Few Trees, Gentle Sloping, Cleared
  • Lot Size Acres: 12.0
  • Road Frontage Type: Unimproved, County Road
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Dirt, Gravel
Property and Assessments
  • Above Grade Finished Area: 2006.0
  • Below Grade Finished Area: 639.0
  • Current Use: Residential
  • Living Area: 2006.0
  • New Construction: No
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1974
  • Year Built Source: Public Records
Building Features
  • Other Structures: Garage(s), Storage, Shed(s), Outbuilding
  • Construction Materials: Aluminum Siding, Stone
  • Levels: Two
  • Roof: Asphalt, Shingle
  • Stories: 2
Utilities
  • Electric: 150 Amp Service, Circuit Breakers
  • Property Power Amperage: 150
  • Sewer: Septic Tank
  • Utilities: Electricity Connected, Water Connected, Propane, Sewer Connected
  • Water Source: Private, Well
Interior and Exterior Features
Exterior Features
  • Exterior Features: Private Yard
  • Patio And Porch Features: Deck
Interior Features
  • Appliances: Built-In Gas Range, Washer, Water Heater, Gas Oven, Refrigerator, Microwave, Dishwasher
  • Basement: Concrete, Storage Space, Walk-Out Access, Unfinished, Exterior Entry, Daylight
  • Has Basement: Yes
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Cooling: Ceiling Fan(s)
  • Has Cooling: Yes
  • Flooring: Carpet, Laminate
  • Heating: Baseboard, Wood, Propane, Radiant Floor, Hot Water
  • Has Heating: Yes
  • Interior Features: Beamed Ceilings, Vaulted Ceiling(s), Kitchen Island, Eat-in Kitchen
  • Laundry Features: Electric Dryer Hookup, In Basement
  • Total Rooms: 6
  • Room Type: Bathroom 2, Family Room, Living Room, Kitchen, Bedroom 3, Bedroom 2, Master Bathroom, Master Bedroom
  • Has Spa: No
  • Window Features: Double Pane Windows
Room Information
Room 1
  • Area: 340.0
  • Dimensions: 20 x 17
  • Length: 20.0
  • Type: Family Room
  • Width: 17.0
Room 2
  • Area: 120.0
  • Dimensions: 12 x 10
  • Length: 12.0
  • Type: Bedroom 2
  • Width: 10.0
Room 3
  • Area: 255.0
  • Description: PENNA. MARBLE COUTERTOPS
  • Dimensions: 17 x 15
  • Length: 17.0
  • Type: Kitchen
  • Width: 15.0
Room 4
  • Area: 84.0
  • Dimensions: 12 x 7
  • Length: 12.0
  • Type: Bathroom 2
  • Width: 7.0
Room 5
  • Area: 154.0
  • Dimensions: 14.6 x 10.6
  • Length: 14.0
  • Type: Master Bedroom
  • Width: 10.0
Room 6
  • Area: 174.0
  • Dimensions: 15 x 11.6
  • Length: 15.0
  • Type: Bedroom 3
  • Width: 11.0
Room 7
  • Area: 48.0
  • Description: SHOWER
  • Dimensions: 8 x 6
  • Length: 8.0
  • Type: Master Bathroom
  • Width: 6.0
Room 8
  • Area: 420.0
  • Dimensions: 28 x 15
  • Length: 28.0
  • Type: Living Room
  • Width: 15.0

Property History for 124 Rainbow Road

DateEvent & SourcePriceAppreciation
Jun 9, 2026

Price Change

Pike/Wayne Association of REALTORS #PW261200

$645,000—
May 1, 2026

Listed (Active)

Pike/Wayne Association of REALTORS #PW261200

$679,000—
Dec 9, 2025

Withdrawn

Pike/Wayne Association of REALTORS #PW253366

$750,000—
DateEvent & SourcePrice
06/09/2026

Price Change

Pike/Wayne Association of REALTORS #PW261200

$645,000
05/01/2026

Listed (Active)

Pike/Wayne Association of REALTORS #PW261200

$679,000
12/09/2025

Withdrawn

Pike/Wayne Association of REALTORS #PW253366

$750,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 124 Rainbow Road

Taxable ValueLand$51,300Additions$231,600Total$282,900
Tax Record2026$5,007 ($417 / month)
Home Facts
Beds3Baths2Total Finished SqFt2,188 SqFtAbove Grade Finished SqFt2,188 SqFtUnfinished Basement SqFt639 SqFtStories2Lot Size522,720 SqFtStyleSingle Family ResidenceYear Built1974CountyWAYNEAPN20-0-0141-0039Fireplace TypeHas Fireplace

Schools near 124 Rainbow Road

This home is within Wayne Highlands School District.
Rating
School
Type
Grades
Distance
Preston School
Public - K to 8
Honesdale High School
Public - 9 to 12
Damascus Area School
Public - PK to 8
Stourbridge Primary Center
Public - PK to 2
Rating
School
Distance
Preston School
PublicK to 8

Honesdale High School
Public9 to 12

Damascus Area School
PublicPK to 8

Stourbridge Primary Center
PublicPK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 124 Rainbow Road, Lakewood, PA 18439

124 Rainbow Road is a single family home for sale in Lakewood, PA 18439. This property was listed for sale on May 1, 2026 by RE/MAX WAYNE, it's currently listed at $645,000. It has been on the market for a total of 9714 days and was last sold on February 23, 2008. This listing's school district is Wayne Highlands School District. Nearby schools include Preston School, Honesdale High School and Damascus Area School. 124 Rainbow Road is a 3-bed, 2-bath, 2,006 sqft single family home built in 1974.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of RE/MAX WAYNE

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Pike/Wayne Association of REALTORS®. 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. Real estate listings held by brokerage firms other than Compass and its related brokerages, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Pike/Wayne Association of REALTORS®. All Rights Reserved.