OFF MARKET

Listed by Areal Guenther • Realty Executives Cooper Spransy. Bought with Stark Company, REALTORS.

Off Market Sep 2020 for $375K

$594,775

Est. refi paymentEst. refi $2,377/mo

•

3,001

sq ft

5551 Rainbow Rd, Waunakee, WI 53597

About this home

Public Remarks: Back on the market! Live large on a small budget! Low Westport taxes. Solar panels. Massive updates! This spacious home sits on almost a 1/2 acre right next door to a park. Top-rated Waunakee schools. Large living/dining space with 2 bay windows. Eat-in kitchen w/ breakfast bar & miles of counters + a floor-to-ceiling pantry & patio doors opening onto deck. 3 beds up with 2 more down. Lower level gathering space is H. U. G. E. Perfect for watching TV with family especially w/ the 2nd kitchenette. Main floor laundry. Tons of updates-new carpet up + luxury vinyl planks in kitchen/dining, vinyl windows, quartz vanities in owners suite & lower bath, all light fixtures, fresh paint in almost all rooms + new roof, siding, garage door, no-maintenance deck with retractable awning. Move-in ready!

Single-familyProperty Type

1978Year Built

0.42 acresLot Size

$198Est. Price/Sq.Ft.

1 garage spacesParking

Listed by Areal Guenther • Realty Executives Cooper Spransy

Bought with Kellie Unke • Stark Company, REALTORS

Redfin checked: 2 minutes ago

•Source:SCWMLS #1888760

Redfin Estimate

$594,775

$220K since sold in September 2020$3,000 since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 13.3% lower than the average sale price ($686K) of 6 comparable homes.

SOLD JUL 9, 2026
$650,000
A
5 beds3 baths3,120 sq ft
5566 Mary Lake Rd, Waunakee, WI 53597
SOLD APR 17, 2026
$600,000
B
5 beds3 baths3,167 sq ft
102 Kensington Ln, Waunakee, WI 53597
SOLD APR 24, 2026
$595,000
C
5 beds3 baths2,907 sq ft
1606 Manchester Xing, Waunakee, WI 53597
SOLD JUN 30, 2026
$647,500
D
4 beds3 baths3,122 sq ft
1907 Winchester Way, Waunakee, WI 53597
SOLD AUG 7, 2026
$900,000
E
4 beds2.5 baths3,482 sq ft
2113 Peaceful Valley Pkwy, Waunakee, WI 53597
SOLD JUN 8, 2026
$722,500
F
5 beds2.5 baths2,825 sq ft
1209 Hanover Trl, Waunakee, WI 53597

Claim this home to receive a free report every month with insights on the changing estimate.

Earn from this home

Sell

$293,550

Est. take-home

List your home with Redfin and save $5,948

Refinance

Est. cash available

Get cash now or lower your monthly rate

Rent

$2,557/mo

Redfin rental estimate

List your home for rent

Market trends in 53597, WI

Last updated July 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

99.7%

+0.0% MoM

Median sale price

$624K

$34K MoM

Avg. days on market

58d

0 days MoM

Recently sold homes

102

5 MoM

New listings for sale

OPEN SUN, 10AM TO 12PM
$594,900
4 beds3 baths2,774 sq ft
1134 Irene Ct, Waunakee, WI 53597
Acker Maly Home Team • RE/MAX Preferred
OPEN SUN, 11AM TO 1PM
$799,900
4 beds3.5 baths4,187 sq ft
5019 Sawgrass Ter, Middleton, WI 53597
Joanna Janas • Sprinkman Real Estate
OPEN FRI, 3PM TO 5PM
$699,900
5 beds4 baths2,688 sq ft
1012 Tara Ln, Waunakee, WI 53597
Tc Farber • RE/MAX Preferred
OPEN SAT, 11AM TO 1PM
$735,000
3 beds2.5 baths3,415 sq ft
1148 Bluebird Trl, Waunakee, WI 53597
Peggy Acker-Farber • RE/MAX Preferred
OPEN SAT, 12PM TO 2PM
$525,000
4 beds3.5 baths2,157 sq ft
5591 Huntingwood Way, Waunakee, WI 53597
Sheryl Schroeder • Coldwell Banker Real Estate Group
$350,000
2 beds2 baths1,390 sq ft
867 Henry St, Waunakee, WI 53597
Joanna Janas • Sprinkman Real Estate
$979,900
3 beds2 baths1,935 sq ft
5824 Eagle Prairie Ct, Middleton, WI 53597
Jordan Armentrout • Pinnacle Real Estate Group LLC
$1,599,000
5 beds6 baths7,054 sq ft
5695 Tuscany Ln, Waunakee, WI 53597
Chas Martin • Sprinkman Real Estate
OPEN SAT, 11AM TO 1PM
$439,900
3 beds2 baths2,144 sq ft
806 South St, Waunakee, WI 53597
Peggy Acker-Farber • RE/MAX Preferred
$849,900
5 beds3 baths2,836 sq ft
4408 Blackwolf Run, Middleton, WI 53597
Dustin Laufenberg • MHB Real Estate
See all

Provided by Redfin

Sale history for 5551 Rainbow Rd

Year

Property tax

Land + Additions

Assessment*

2025

$6,119 (−2.1%)

$151,500 + $340,200

$491,700

2024

$6,249 (+3.7%)

$110,600 + $240,200

$350,800

2023

$6,028 (+9.3%)

$110,600 + $222,400

$333,000

2022

$5,515 (+3.3%)

$110,600 + $222,400

$333,000

2021

$5,341 (+8.5%)

$110,600 + $222,400

$333,000

2020

$4,922 (+1.3%)

$110,600 + $212,300

$322,900

2019

$4,856 (+19.2%)

$110,600 + $212,300

$322,900

2018

$4,075 (−0.8%)

$78,800 + $167,600

$246,400

2017

$4,108 (+2.1%)

$78,800 + $167,600

$246,400

2016

$4,023 (+12.2%)

$78,800 + $166,300

$245,100

2014

$3,586 (−10.3%)

$78,800 + $149,600

$228,400

2013

$3,997

$78,800 + $149,600

$228,400

Tax history for 5551 Rainbow Rd

Year

Property tax

Land + Additions

Assessment*

2025

$6,119 (−2.1%)

$151,500 + $340,200

$491,700

2024

$6,249 (+3.7%)

$110,600 + $240,200

$350,800

2023

$6,028 (+9.3%)

$110,600 + $222,400

$333,000

2022

$5,515 (+3.3%)

$110,600 + $222,400

$333,000

2021

$5,341 (+8.5%)

$110,600 + $222,400

$333,000

2020

$4,922 (+1.3%)

$110,600 + $212,300

$322,900

2019

$4,856 (+19.2%)

$110,600 + $212,300

$322,900

2018

$4,075 (−0.8%)

$78,800 + $167,600

$246,400

2017

$4,108 (+2.1%)

$78,800 + $167,600

$246,400

2016

$4,023 (+12.2%)

$78,800 + $166,300

$245,100

2014

$3,586 (−10.3%)

$78,800 + $149,600

$228,400

2013

$3,997

$78,800 + $149,600

$228,400

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

0.42 Acres

Year renovated

—

Sq. Ft.

—

Year built

—

Style

Single Family Residential

County

Dane County

APN

080921165639

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 6, 2026.

Property details

Parking

Garage Information
# of Garage Parking Spaces (Total): 2
Garage: 2 Car, Attached, Opener Included

Interior

Bedroom Information
Master Bedroom Dimensions: 14 x 12
Master Bedroom Level: Upper
Bedroom 2 Dimensions: 12 x 10
Bedroom 2 Level: Upper
Bedroom 3 Dimensions: 11 x 11
Bedroom 3 Level: Upper
Bedroom 4 Dimension: 15 x 12
Bedroom 4 Level: Lower
Bedroom 5 Dimension: 17 x 12
Bedroom 5 Level: Lower

Bathroom Information
Bath Description(s): At Least 1 Tub, Master Bedroom Bath (Full), Master Bedroom Bath, Walk-In Shower in Master Bathroom
# of Baths (Full): 3

Interior Features
Water Softener, Cable/Satellite Available, High Speed Internet

Room Information
Full, Exposed, Full Size Windows, Finished, Radon Mitigation System, Poured Concrete
Living Room Dimensions: 24 x 15
Living Room Level: Upper
Kitchen Level: Upper
Kitchen Dimensions: 17 x 11
Dining Room Dimensions: 12 x 9
Dining Room Level: Upper

Equipment
Appliances: Range/Oven, Refrigerator, Dishwasher, Garbage Disposal, Washer, Dryer

Exterior

Building Information
Environmentally Friendly: Other (See Remarks)
Estimated Sq. Ft. Range: 3001-3500

Exterior
Exterior Features: Deck, Fenced Yard
Exterior: Vinyl, Brick

Property Information
Single-Family
Information Source Year Built: Assessor/Public Record

Lot Information
Lot Acreage: 0.42
Zoning: Res

Subdivision
Subdivision: Mary Lake Subdivision

Financial

Tax Information
Total Taxes: $4,856
Tax Year: 2019

Utilities

Utility Information
Municipal Sewer, Well
Heating/Cooling: Forced Air, Central Air
Natural Gas

Location

Neighborhood Information
Municipality: WESTPORT
Municipality Type: Town

School Information
School District: Waunakee
Elementary School: Arboretum
Middle School: Waunakee
High School: Waunakee

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 0.42 acres
Style: Single Family Residential
Year Built: —
Year Renovated: —
County: Dane County
APN: 080921165639

Home facts updated by county records on Aug 6, 2026

Other

Listing Information
SaleType: Arms Length
Inclusions: Refrigerators (2), Oven/Range, Dishwasher, Freezers (2), white pantry in kitchen, washer, dryer, solar panels; work bench, brown cabinet and gray drawer organizer in garage, shed
Exclusions: Microwave, gray cubbies in kitchen, trampoline, seller's personal property

Around this home

Schools

Arboretum Elementary School

Public PreK-4 • Assigned • 1.2mi

10/10

Waunakee Middle School

Public 7-8 • Assigned • 2.1mi

6/10

Waunakee High School

Public 9-12 • Assigned • 2.3mi

8/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

2/10 Heat Factor

7 days above 98° expected this year, 14 days in 30 years

2/10 Wind Factor

Minor risk of severe winds over next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Waunakee, WI • 53597

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.8 hours in June and 3.5 hours in December, placing it below the U.S. average for solar exposure.

9.8 hrs

3.5 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$566,000 – $684,000

Reach more buyers when you sell with Redfin. Save up to $5,948 in fees. 3 minutes to get started.

Get a free, detailed breakdown of how we calculated your estimate.

Nearby similar homes

OPEN SAT, 11AM TO 1PM3D WALKTHROUGH

$439,900

3 beds2 baths2,144 sq ft

806 South St, Waunakee, WI 53597

Peggy Acker-Farber • RE/MAX Preferred

$1,400,000

4 beds1 bath1,534 sq ft

5114 Reynolds Ave, Waunakee, WI 53597

Jenny Bunbury-Johnson • Bunbury & Assoc, REALTORS

OPEN SUN, 12PM TO 3PM

$590,000

4 beds3.5 baths3,201 sq ft

1542 Comanche Gln, Madison, WI 53704

Sam Jessup • Pinnacle Real Estate Group LLC

NEW CONSTRUCTION

$459,900

3 beds2.5 baths1,528 sq ft

843 Indigo Ln, Waunakee, WI 53597

Jeff Greenlee • Stark Company, REALTORS

$379,900

3 beds1.5 baths1,510 sq ft

1121 Debra Ln, Madison, WI 53704

Michael Weiss • MHB Real Estate

NEW CONSTRUCTION

$519,900

3 beds2 baths1,720 sq ft

718 Cozy Farm Rd

Natalie Haley • Stark Company, REALTORS

New listings for sale in 53597

OPEN SUN, 10AM TO 12PM3D WALKTHROUGH

$594,900

4 beds3 baths2,774 sq ft

1134 Irene Ct, Waunakee, WI 53597

Acker Maly Home Team • RE/MAX Preferred

OPEN SUN, 11AM TO 1PM3D & VIDEO TOUR

$799,900

4 beds3.5 baths4,187 sq ft

5019 Sawgrass Ter, Middleton, WI 53597

Joanna Janas • Sprinkman Real Estate

OPEN FRI, 3PM TO 5PM3D WALKTHROUGH

$699,900

5 beds4 baths2,688 sq ft

1012 Tara Ln, Waunakee, WI 53597

Tc Farber • RE/MAX Preferred

OPEN SAT, 11AM TO 1PM3D WALKTHROUGH

$735,000

3 beds2.5 baths3,415 sq ft

1148 Bluebird Trl, Waunakee, WI 53597

Peggy Acker-Farber • RE/MAX Preferred

OPEN SAT, 12PM TO 2PM

$525,000

4 beds3.5 baths2,157 sq ft

5591 Huntingwood Way, Waunakee, WI 53597

Sheryl Schroeder • Coldwell Banker Real Estate Group

$350,000

2 beds2 baths1,390 sq ft

867 Henry St, Waunakee, WI 53597

Joanna Janas • Sprinkman Real Estate

$979,900

3 beds2 baths1,935 sq ft

5824 Eagle Prairie Ct, Middleton, WI 53597

Jordan Armentrout • Pinnacle Real Estate Group LLC

$1,599,000

5 beds6 baths7,054 sq ft

5695 Tuscany Ln, Waunakee, WI 53597

Chas Martin • Sprinkman Real Estate

OPEN SAT, 11AM TO 1PM3D WALKTHROUGH

$439,900

3 beds2 baths2,144 sq ft

806 South St, Waunakee, WI 53597

Peggy Acker-Farber • RE/MAX Preferred

Home values near 5551 Rainbow Rd

Data from public records.

Address	Redfin Estimate
5564 Maria Way, Waunakee, WI 3 Beds \| 2.5 Baths \| 2210 Sq. Ft.	$553,806
5591 Riveredge Road, Waunakee, WI 3 Beds \| 1.5 Baths \| 1302 Sq. Ft.	$477,054

Address	Redfin Estimate
5612 Riveredge Road, Waunakee, WI 3 Beds \| 2 Baths \| 2300 Sq. Ft.	$546,850
5575 Riveredge Road, Westport, WI 5 Beds \| 3 Baths \| 2424 Sq. Ft.	$574,990

Address	Redfin Estimate
5591 Huntingwood Way, Waunakee, WI 4 Beds \| 3.5 Baths \| 2157 Sq. Ft.	$538,628
5592 Huntingwood Way, Waunakee, WI 4 Beds \| 3 Baths \| 2680 Sq. Ft.	$734,649

Property information provided by SCWMLS when last listed in 2020. This data may not match . Learn more.

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Find us

Subsidiaries

Affiliated Business

Countries

United States

Canada

Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.

Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.

GreatSchools Ratings provided by GreatSchools.org.

Houses for rent in Waunakee	Agents near me	Kenosha, WI homes for sale	Waunakee Housing Market
Houses for sale near me	Madison, WI homes for sale	Wauwatosa, WI homes for sale
Land for sale near me	Milwaukee, WI homes for sale	Green Bay, WI homes for sale
Open Houses near me	Lake Geneva, WI homes for sale	Waunakee Property Records
Condos for sale near me	Brookfield, WI homes for sale	WI New Listings

Madison homes for sale
Sun Prairie homes for sale
Middleton homes for sale

53597 homes for sale
53529 homes for sale
53532 homes for sale

About this home

Redfin Estimate

Earn from this home

Market trends in 53597, WI

Sale history for 5551 Rainbow Rd

Tax history for 5551 Rainbow Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 53597

Home values near 5551 Rainbow Rd

More real estate resources