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62 photos

$379,900

1046 Rainbow Drive, Lake Ariel, PA 18436
Lake Ariel, PA 18436
Listed by Sean Esposito · Cobblestone Real Estate, LLC
Bedrooms
5
Bathrooms
2.5
Living area
N/A
Year built
1998

About this home

Spacious 5-bedroom, 2.5-bath home in the amenity-filled Wallenpaupack Lake Estates community! Offering 2,548 square feet of finished living space across three levels, this Lake Ariel home provides plenty of room for full-time living, a vacation getaway, or entertaining family and friends. The main living area features a dramatic vaulted ceiling, loft overlook, and beautiful stone fireplace that creates a warm Pocono feel. The kitchen and dining area offer plenty of space to gather, while the large rear deck extends the living space outdoors and is perfect for relaxing, grilling, and entertaining among the trees. The main level includes a primary bedroom, while two additional bedrooms are located upstairs along with the open loft overlooking the living room. Downstairs, the finished walk-out basement adds even more living space with two additional bedrooms and a large game/family room--an ideal setup for guests, recreation, or movie nights. The home comes mostly furnished, making it easy to start enjoying right away. Located in Wallenpaupack Lake Estates, owners have access to an impressive selection of community amenities and recreational opportunities. With five bedrooms, multiple gathering spaces, a finished walk-out lower level, expansive deck, and a great Lake Ariel location, this home offers plenty of space to enjoy everything the Lake Wallenpaupack area has to offer.

Highlights

Fireplace

Property details

MLS
Pocono Mountains Association of REALTORS®
MLS #
PM-144182
Property type
Single Family Residence
Subdivision
Wallenpaupack Lake Estates
Status
Active
Days on market
50
On market date
August 25, 2026
Stories
N/A
Total bathrooms
2.5
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.25 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Wallenpaupack South El Sch
6.45 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
256
Student:teacher ratio
9.5:1
District
Wallenpaupack Area SD
Middle
Wallenpaupack Area MS
6.79 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
672
Student:teacher ratio
12.2:1
District
Wallenpaupack Area SD
High
Wallenpaupack Area HS
6.43 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,002
Student:teacher ratio
11.3:1
District
Wallenpaupack Area SD

Walkability

Blended score for Lake Ariel's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

18
Very car-dependent
out of 100
EPA National Walkability Index
4.8 / 20 -- Least walkable
Google Places amenity density
8 / 100
Restaurants & cafes1
Grocery stores0
Parks1
Schools0
Transit stops0
Pharmacies0

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$2,438/mo
$75,980 down
$303,920 loan
Principal & interest$1,971
Property tax (est.)$317
Home insurance (est.)$150

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Data source: Listing information provided by Pocono Mountains Association of REALTORS® via Trestle/CoreLogic. Last updated August 25, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.