5705 RAIN CREEK PARKWAY, AUSTIN, TX 78759
Homes for sale in Austin.
Homes for sale in 78759.
5705 Rain Creek Parkway
Austin, TX 78759
List Price$629,000
Listing #8213922
4
Bedrooms
2 full
Bathrooms
2,630
Square Feet
House
Type
About This Property
Amazing Fix & Flip Opportunity in Austin's sought-after Great Hills neighborhood -- 5705 Rain Creek Pkwy presents investors and rehabbers with a rare chance to acquire a well-positioned property with massive upside potential. Situated in the desirable Great Hills / Jollyville corridor, this 2,630 sq. ft., two-story home built in 1984 sits on a generous 0.27-acre lot, offering both solid square footage and outdoor space for expansion or lifestyle enhancements. The property is ready for a complete transformation and serves as a blank canvas for investors who can envision its future as a modernized, high-demand residence. Surrounded by strong comps, the neighborhood consistently supports high ARV values, with renovated homes in the area trading in the $975,000 to $1,170,000 range. With an estimated renovation investment of approximately $180,000, savvy investors can unlock compelling profit margins by bringing this home up to market standards. The location is unbeatable, with excellent access to major highways, retail hubs, restaurants, highly regarded schools, and the abundant amenities that make Great Hills one of Austin's most desirable residential enclaves. The spacious floor plan provides ample opportunity for reconfiguration, modernization, and the addition of luxury finishes that today's buyers demand--think open concept living, chef's kitchens, spa-inspired bathrooms, and seamless indoor-outdoor connections. This is not a turnkey property--it is an opportunity for an experienced investor ready to manage a full-scale renovation project from start to finish. With strategic upgrades, high-end finishes, and thoughtful design, this distressed asset can be transformed into a standout offering in one of Austin's most competitive and well-positioned neighborhoods. The combination of location, square footage, lot size, and market demand make this a true investor's gem. Don't miss your chance to capitalize on one of the best fix-and-flip opportunities in Northwest Austin.
Property Features
Location Information
County
Travis
Subdivision
Great Hills Sec 10
County
Travis
Directions
South 183, Right on Great Hills Trail, Right on Rain Creek Pkwy
Area
1N
Interior Features
Interior
Ceiling Fan(s), High Ceilings
Floors
Tile, Wood
Full Baths
2
Laundry
In Unit
Has Fireplace
Yes
Disabled Features
See Remarks
Number of Fireplaces
1
Appliances
Stainless Steel Appliance(s)
Fireplace Description
Family Room
Accessibility
See Remarks
Heating
Central
Exterior Features
Style
HardiPlank Type, Stone
Water
Public
Stories
2
Parking Description
Driveway, Garage, Garage Door Opener
Is New Construction
No
Garage Spaces
2
Construction/Exterior
HardiPlank Type, Stone
Fencing
Wood
Exterior
See Remarks
Lot Size in Acres
0.269
Foundation
Slab
Waterfront Description
None
Possession
Closing & Funding, Close Of Escrow
Has Waterfront
No
Water / Sewer
Public Sewer
View
Neighborhood
School
Elementary School District
Austin ISD
Middle School
Murchison
Elementary School
Hill
High School
Anderson
Additional Information
Roof/Attic
Metal
APN
01580309150000
Other Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Status
Active
Property Type
SFR
Documents Available
See Remarks
Property SubType
Single Family Residence
Square Feet Source
Public Records
Year Built
1984
Similar Listings
Mortgage Calculator
$2,936
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$2,266
Monthly Tax
$524
Monthly Insurance
$146
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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