''Set on a treed .47-acre lot with direct water access, this is one of the rare true waterfront opportunities in The Shores at Rainbow Lake. Build your own private retreat where boating, fishing, and quiet evenings on the water are simply part of daily life. A Build Package is available for buyers who want guidance bringing their home to life on this lot. Tucked along the eastern shore of 110-acre Rainbow Lake in Pinetop-Lakeside, The charming Shores at Rainbow Lake neighborhood is set behind a private gate just south of White Mountain Blvd and Neils Hansen Lane. The community's CC&Rs and architectural guidelines were built around one goal: making sure every home reflects the same quality and respect for the natural landscape that drew people here to begin with.