Located on Rainbow Ridge, a peninsula that ends at Bull Shoals Lake real close to the Theodosia Bridge, this 3 bedroom, 4 bath ranch style home was custom built over a full poured concrete basement. The basement has a finished family room, a bathroom, and also a large mechanical room which houses the furnace, wood stove, pressure tank, hot water heater, water softener, and still has lots of room for storage. The main floor has a kitchen/dining room combo with a pantry, a living room, a master bedroom, 2 additional bedrooms, and 2 additional bathrooms. The washer and dryer are on this floor. It has its own well and septic system, 5 acres M/L of land with some huge oak trees, a very attractive and large front yard plus a fenced back yard plus a patch of woods behind and to the south of that. The central heating and cooling system was installed in 2014 and the roof was replaced in 2015. There is also a brick gas fireplace on the main level and a wood burning stove in the basement. There's a 2 car plus attached garage, an outbuilding that's 16'x 16' with concrete floor and electricity, and another 12'x 25' shed to keep your boat in. The land fronts a paved road that's about an 8 minute drive to town, or you can take the ridge road down to the lake, which isn't far away. The newer appliances stay. You might decide to do the same, once you see this place. It's priced to sell! NO restrictions here.