223 Rainbow Rd, Lakewood, PA, 18439
About This Home
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!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1996
Materials
- Roof: Shingle
- Construction materials: Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Cape Cod
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Microwave,Washer,Electric Oven,Electric Cooktop,Dryer
- Laundry features: Laundry Room
Basement
- Has basement: Yes
- Basement: Finished,Full
Bathroom1
- Area: 30
- Dimensions: 6 x 5
Bathroom3
- Area: 96
- Dimensions: 12 x 8
Bedroom2
- Area: 126
- Dimensions: 12 x 10.5
Bedroom3
- Area: 320
- Dimensions: 20 x 16
Bedroom4
- Area: 168
- Dimensions: 16 x 10.5
Bedroom5
- Area: 142.5
- Dimensions: 15 x 9.5
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Dining Room
- Area: 126.5
- Dimensions: 11.5 x 11
Eating Area
- Area: 90
- Dimensions: 12 x 7.5
Family Room
- Area: 2025
- Dimensions: 45 x 45
Features
- Eat-in Kitchen,Smart Thermostat,Pantry,Open Floorplan,Kitchen Island
- Flooring: Carpet,Tile,Laminate,Hardwood
- Fireplace features: Living Room,Pellet Stove
- Fireplace: Yes
- Finished area below ground: 1,405
- Finished area above ground: 2,392
Heating & Cooling
- Heating features: Baseboard,Oil,Pellet Stove,Hot Water
- Cooling features: Ceiling Fan(s)
Interior Area
- Total structure area: 3,797
- Total interior livable area: 3,797 sqft
Kitchen
- Area: 144
- Dimensions: 12 x 12
Laundry
- Area: 68.75
- Dimensions: 12.5 x 5.5
Living Room
- Area: 378
- Dimensions: 21 x 18
Other
- Area: 184.5
- Dimensions: 20.5 x 9
Primary Bathroom
- Area: 106.25
- Dimensions: 12.5 x 8.5
Primary Bedroom
- Area: 224
- Dimensions: 16 x 14
Property
Details
- Parcel number: 20001420038
- Zoning: Residential
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch,Wrap Around
- Has view: Yes
- View description: Neighborhood,Trees/Woods,Rural
- Waterbody name: None
Lot
- Lot size: 18.73 Acres
- Features: Back Yard,Wooded,Front Yard
Parking
- Total spaces: 2
- Parking features: Attached,Paved,Driveway
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Cold Wave
- Lightning
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Pennsylvania Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,907 | $34,884 |
| Home Insurance * | $289 | $3,468 |
| Property Taxes | $945 | $11,340 |
| Electricity | $416 | $4,999 |
| Total | $4,557 | $54,684 |
Income You'd Need if You Spent...
Pennsylvania FAIR Plan Programs
Insurance Placement Facility of Pennsylvania/FAIR Plan
Wildfire
HailWindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-02 | Price change | $589,000 |
| 2026-01-13 | Price change | $599,000 |
| 2025-10-31 | Price change | $625,000 |
| 2025-10-17 | Listed for sale | $649,000 |
| 2025-10-03 | Listing removed | $695,000 |
| 2025-04-03 | Listed for sale | $695,000 |
| 2010-03-24 | Sold | $280,000 |
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