5705 RAIN CREEK PARKWAY, AUSTIN, TX 78759

Homes for sale in Austin.

Homes for sale in 78759.


5705 Rain Creek Parkway

Austin, TX 78759

Status of the property has changed, please contact for details

List Price$629,000

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

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

Real Estate IDX Powered by iHomefinder