3 months on rocket

115 Rainbow Rd, Cave Springs, AR, 72718

$1,200,000

18.80 Acres
Land
Schools Nearby

Location

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Property Highlights

Home TypeUnimproved Land
WaterfrontCreek, Pond
MLS #1265355
Lot Size18.80 Acres
StatusActive

About 115 Rainbow Rd

Located in one the fastest growing areas of NWA, this 18.8 acre tract is located right off S. Rainbow Road with quick access to I-49. Don’t miss this rare investment opportunity that has development potential or create your own private wooded estate with scenic view of pond and wet weather creek. Property features a completely remodeled 1,674 sq foot 4 bedroom, 2 full bathroom home with 2 car detached garage/workshop and storm shelter. Property has additional outbuildings and northern border of property abuts Cave Springs Nature Preserve. Part of the northern part of the property is protected with the Cave Springs Area Karst Resource Conservation Regulations (CSK Regulations) and cannot be developed or built on. Bentonville Schools

Property Details

Property Features

Listing Office:

  • Office Name: Portfolio Sotheby's International Realty
  • Office Phone: (479) 273-6697

Exterior Features

Exterior Information:

  • Waterfront: Creek, Pond

Lot Features

Lot Information:

  • Lot: Other, See Remarks, Views, Wooded, Pond, Stream/Creek
  • Lot Size: 18.80 Acres

School Info

Assigned Schools Information:

  • Rogers High School, Public District Grades 9-12
  • Elmwood Middle School, Public District Grades 6-8

Other

Directions Information:

  • Directions: From I-49 Exit 78; 3.6 miles toward Cave Springs, right on Rainbow Rd home is on your left. Or take Hwy 112 from Bentonville to Cave Springs, left on 265, left on Rainbow Rd .3 miles. Home is on your left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,200,000
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Housing Market Comparison

See how this home compares to others in Cave Springs, AR.

Med. Sold Price

$550K

Med. Price/SqFt

$215

Avg. Days On Market

79

# of Sold Homes

12

115 Rainbow Rd vs Cave Springs

95 DAYS ON ROCKET

+16 Days

$1,200,000

+$650K More

KEY TAKEAWAY

This property is $650K more than the Median Sold Price in Cave Springs, AR.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: ARKMLS
  • MLS Number: #1265355

Listing Office:

  • Office Name: Portfolio Sotheby's International Realty
  • Office Phone: (479) 273-6697

Broker Reciprocity Disclaimer: IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2024 Northwest Arkansas Board of Realtors All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 5:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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

Payment Calculator

$6,057

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,664

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Middle School

school-card-donut-2885267
6
/10
  • Elmwood Middle School

  • 1600 S 13th St

  • 5.73 miles

  • Public District Grades 6-8

High School

school-card-donut-2885268
6
/10
  • Rogers High School

  • 2300 S Dixieland Rd

  • 4.38 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $75,347. Most Cave Springs, AR residents have annual incomes between $35k-100k. Most families are married, with kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 115 Rainbow Rd

What is the listing price of this property?

The listing price of 115 Rainbow Rd property is $1,200,000.

What type of property is this?

The property 115 Rainbow Rd is land located in Cave Springs, Arkansas, 72718.

Is this property for sale now?

Active Listing: 115 Rainbow Rd is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 115 Rainbow Rd are:
Elmwood Middle School: GreatSchools Rating 6/10
Rogers High School: GreatSchools Rating 6/10

How much acreage is this property?

The property 115 Rainbow Rd is 18.80 acres.
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Rocket HomesArkansasBenton CountyCave Springs72718115 Rainbow Rd

This home is located at 115 Rainbow Rd in Cave Springs, AR and zip code 72718. This home sits on a 18.80 acre lot. It has been listed on Rocket Homes since January 24, 2024 and is currently priced at $1,200,000.

Over 2 listings were sold over their listed price in March 2024 in Cave Springs, AR. In the same period over 3 listings were sold below the listed price and 7 listings were sold for the listed price. The number of listings in Cave Springs, AR decreased by 6.8% between February 2024 and March 2024. The median list price of listings available in March 2024 was $550,000, while the average time on the real estate market was 79 days.

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

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