Welcome to peaceful Rainbow Island living, just down the road from the world-famous Little Red River! This charming 2-bedroom, 1-bath home sits on 2 spacious lots totaling approximately 1 acre and features a large, bright living room plus an open-concept kitchen and dining area. Outside, enjoy a covered back porch, fenced yard area, RV parking, carport, large storage shed, storm shelter, greenhouse, chicken coop, and plenty of garden space. The established orchard includes 3 peach, 3 plum, 2 apple and 1 fig tree, 2 grape vines, blackberry and raspberry plants. A tankless water heater and mini-splits add comfort and efficiency to this peaceful river-area retreat. Just down the road is pangburn public bridge access for enjoying evenings and mornings trout fishing! This home could also make a wonderful short term rental property.
Detached
Single-familyProperty Type
1971Year Built
1 acresLot Size
$177Price/Sq.Ft.
2 spacesParking
Listed by Kristie Webb• Crye*Leike Brock Real Estate
This charming gem sits on Rainbow Island just steps away from the Little Red River. Completely renovated and move-in ready. This 2 BR/1 BA sits on approximately one acre (2 Lots) and has a Morgan storage building, storm shelter, covered parking, and a spacious covered back porch. All new electrical, plumbing, spray foam insulation in walls, 12 ins insulation in attic. New propane plumbing. New Master Splits with 10 year warranty. New appliances, new tankless water heater, new hickory cabinets, doors, flooring, lighting, trim, ceiling fans, new blinds and so much more. This home is a perfect first home, retirement home or weekend getaway. See Agent Remarks
Type
Detached
Public Records
Oct 14, 2019
Sold
$39,000
$35/sq ft
CARMLS #19020166
Oct 11, 2019
Pending
—
Oct 11, 2019
Sold
$39,000
$35/sq ft
Jun 20, 2019
Listed
$49,900
$45/sq ft
+35
This is a great little house sitting on a huge 1 acre (M/L) lot on the Island in Rainbow Island. It has 2 bedrooms, 1 bath, 1080 Sq. ft. of living space, open kitchen, 2 living areas, 2 car carport, large covered back deck, 2 nice storage buildings, a storm shelter, replacement windows in 2012, metal roof, refrigerator and washer and dryer are included. This home is a great place to just get away from it all and have the Little Red River all around you.
Type
Detached
Public Records
Mar 14, 1997
Sold
$25,000
$23/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$488 (−30.6%)
$4,000 + $20,889
$24,889
2024
$703 (+8.3%)
$4,000 + $20,889
$24,889
2023
$649 (+14.3%)
$3,000 + $16,383
$19,383
2022
$567 (+10.0%)
$3,000 + $16,383
$19,383
2021
$516
$3,000 + $16,383
$19,383
2020
$516 (+527.3%)
$1,000 + $11,366
$12,366
2019
$82 (−5.9%)
$1,000 + $11,366
$12,366
2018
$87 (+29.5%)
$1,000 + $11,366
$12,366
2017
$67 (+41.8%)
$1,000 + $11,366
$12,366
2016
$48 (+1.1%)
$1,000 + $11,366
$12,366
2015
$47
$1,000 + $8,533
$9,533
2013
$47
$1,000 + $8,533
$9,533
Public record
Beds
—
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
0.46 Acres
Year renovated
—
Finished Sq. Ft.
1,080
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,080
Year built
1971
Style
Single Family Residential
County
Cleburne County
APN
002-07189-000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 19, 2026.
Climate risks
8/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.46% chance of being in a wildfire in next 30 years
6/10 Heat Factor
7 days above 109° expected this year, 19 days in 30 years
3/10 Wind Factor
6% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Pangburn, AR • 72121
Average low and high temperatures (°F)
47
26
57
34
71
46
76
53
78
59
89
69
94
72
91
67
85
62
78
51
65
43
53
35
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
95/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.1 hrs
6.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 15 S 1st St
$193,776
$1,224 under list price of $195K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $85K to $237K.