With no special assessments and very affordable HOA dues, this beautifully maintained ranch offers over 3,700 square feet of thoughtfully designed living space with 5 bedrooms, 3 full baths, and a oversize three-car garage. From the moment you step inside, you'll appreciate the soaring vaulted ceilings, rich hardwood floors, and expansive windows that frame peaceful lake views. The updated kitchen is the heart of the home, featuring quartz countertops, a center island, eating bar, abundant cabinetry, and an adjoining breakfast nook that opens to the covered deck—perfect for morning coffee or relaxing evenings overlooking the water. The spacious living room is anchored by a two-way fireplace and flows seamlessly into the formal dining room, creating an ideal layout for both everyday living and entertaining. The main-floor primary suite is a true retreat with lake views, a beautifully updated ensuite bath with dual vanities, granite countertops, a separate tub and shower, and a walk-in closet. Two additional bedrooms, a full bath, and a separate main-floor laundry room complete the main level. The walkout basement expands your living space with two additional bedrooms, a full bath, an inviting family room, a large recreation area with wet bar, a second fireplace, and plenty of storage. Whether you're hosting family gatherings or game nights, there's room for everyone. Outside, the beautifully landscaped backyard gently slopes to the neighborhood’s mature, well-established lake, stocked with largemouth bass and other game fish. Enjoy picturesque water views and a peaceful setting from the covered deck. Located in the desirable Rainbow Lakes neighborhood within the Goddard School District, this home offers the perfect blend of comfort, space, and waterfront living.
Rainbow Lakes West, located between W 13th St N and W Central Ave, is a residential and lakeside Wichita neighborhood with curving cul-de-sacs and pocket waterways. The neighborhood reads as late-20th-century ranches and split-levels set behind mature trees and broad setbacks. The character concentrates around the W 13th St N & N Maize Rd corridor, where local eateries, service storefronts, and everyday errands create a steady daytime rhythm. Community pillars nearby include The Alley Indoor Entertainment, Wichita Brewing Co. & Pizzeria, and Chicken N Pickle. Sidewalk-light streets and water views shape a calm, outdoors-leaning routine. Nearby green space and recreation facilities round out the west-side geography.
Provided by Walk Score and Local Logic
Market insights
108 N Rainbow Lake Rd · $515,000
DAYS ON MARKET
53 days
The average home goes pending in 21 days.
SALE-TO-LIST
98.7%
Most homes are selling 1% below list price.
LIST PRICE
$515,000
Median sale price in this area is $269,117. (48% lower than this home)
PRICE DROP
3 price drops
22% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Humidifier
Two-sided gas fireplace between living and family rooms
Smoke detectors
Bathrooms
Three full bathrooms
Kitchen
Dishwasher
Disposal
Microwave
Range
Laundry & utility
Main-floor laundry in a separate room
220V hookup for laundry or equipment
Flooring
Hardwood flooring
Heating & cooling
Forced-air heating (natural gas)
Central electric air conditioning
Exterior features
Covered patio/porch
Partial foundation with walk-out and view-out features
Home design
Single-family onsite-built home
Single-story
Parking
3-car garage
Security
Smoke detectors
Construction
Composition roof
Utilities
Public water
Sewer available
Natural gas available
HOA & community
Homeowners association with a $250 monthly fee
$100 HOA initiation fee
Association fee includes general upkeep for common areas
Electricity and solar
View estimated energy costs and solar savings for this home
The purpose of the SF-5 Single-Family Residential District is to accommodate moderate-density, Single-Family residential development and complementary land uses. The SF-5 District is generally compatible with the Urban Residential or Urban Development Mix designations of the Wichita- Sedgwick County Comprehensive Plan. It is intended for application in areas of Wichita and unincorporated Sedgwick County in those areas in which municipal water and sewer services are available and that have been designated as Wichita 2030 Urban Growth Area.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Housing-Group
Housing-Single unit
Infrastructure
Educational/school
Library
Golf related
Communications tower
Housing-Mobile home park
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
5/10 Heat Factor
6 days above 106° expected this year, 16 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Wichita, KS • 67235
Average low and high temperatures (°F)
40
20
51
28
68
41
73
51
79
56
87
67
93
72
87
69
81
62
76
54
60
40
52
30
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
90/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.5 hrs
6.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 108 N Rainbow Lake Rd
$504,591
$10K under list price of $515K
More resources
Rental earnings
Est. $2,285 per month, based on comparable rentals
This home is pending
The seller has accepted an offer, and this property is now pending.