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Keenan Group#1 Austin Board of Realtors Team 2024
1485 Rainbow Parke DR, photo 1 of 40, Round Rock, Round Rock, TX
Active

$350,000

3Beds
2Baths
1,744Sq Ft
0.17 acresLot

1485 Rainbow Parke Dr, Round Rock, TX 78665

Round Rock·MLS# 5740863·Built 2006·85 days on market

3 bed, 2 bath, 1,744 sqft on 0.17 acres in Round Rock. Round Rock, TX 78665. $350,000. Round Rock ISD.

About This Home

A single-story brick home offering 1,744 square feet on a 7,602 square foot lot in the established Rainbow Parke community on the east side of Round Rock. Built in 2006, the home lives all on one level with no stairs, three bedrooms, two full baths, central heat and air, and a two-car garage. The main living, dining, and kitchen areas stay open and connected, with the bedrooms set off to the side for quiet and separation. The secondary bedrooms are sized well for guests, a home office, a workout room, or a hobby space, and the two-car garage plus a full driveway leave plenty of room to park. Out back, the yard on a 7,602 square foot lot leaves space for a patio, a garden, or weekend projects, and the single-level layout means easy, step-free living from the driveway to the back door.

Location is the quiet advantage. Rainbow Parke sits minutes from Old Settlers Park and the Dell Diamond, with quick access to US-79 and Interstate 35, and the SH-130 tollway a short drive east for a clear run toward the airport and greater Austin. Kalahari Resort, the Round Rock Premium Outlets, IKEA, HEB, and a long run of restaurants and everyday errands are all within a few minutes, and the area's major employers keep rental demand steady. It is a practical, low-maintenance single-story in one of the region's steadiest submarkets.

The numbers work for an owner-occupant or an investor. Comparable homes in the area rent in the neighborhood of $2,000 a month, so it pencils as a straightforward buy-and-hold in a rental market with consistent demand, and the brick single-story construction keeps upkeep light for a long-term owner. Priced to sell in a corridor that keeps drawing steady relocation from across the Austin metro.

Property Type
Residential
Year Built
2006
Lot Size
0.17 acres
Price / Sq Ft
$201
Garage
2 spaces

Listing information last updated August 23, 2026.

Listed by Deal Smith Realty LLC

MLS# 5740863 • Active

IDX inquiries: Keenan Group at Compass · (512) 415-7653

Highlights

2-car garage with additional parking capacity
Ceiling-High
In-Law Floorplan
Multiple Dining Areas
Primary Bedroom on Main
Walk-In Closet(s)

Facts & Features

Interior

Features

  • Ceiling-High
  • In-Law Floorplan
  • Multiple Dining Areas
  • Primary Bedroom on Main
  • Walk-In Closet(s)

Appliances

  • Dishwasher
  • Disposal
  • Gas Range
  • Microwave
  • Free-Standing Range
  • Refrigerator

Flooring

  • Carpet
  • Tile
Heating
Central,Natural Gas
Cooling
Central Air
Exterior & Lot

Features

  • No Exterior Steps

Construction

  • Brick Veneer
  • Frame

Lot Features

  • Trees-Small (Under 20 Ft)

Fencing

  • Fenced
  • Wood

Foundation

  • Slab

Patio / Porch

  • Covered
  • Patio
Roof
Composition
Lot Size
0.17 Acres

Parking

  • Attached
  • Door-Single
  • Garage Door Opener
  • Outside
Garage Spaces
2
Financial
Original List Price
$350,000
Price per Sq Ft
$201
Utilities
  • Electricity Available
  • Natural Gas Available
Water Source
Public
Sewer
Public Sewer

Transaction History

1 record on file

Every recorded listing, sale, and lease at 1485 Rainbow Parke DR, whoever represented it.

  1. ActiveListed 2026
    Current price: $350,000Original list: $350,000MLS 5740863
    1. Listed · July 28, 2026$350,000

Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.

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Price & Listing History

Listed with current price, original ask, and market time.

View Timeline
Current list
$350,000
Original list
$350,000
Price movement
No verified reduction
Listed / DOM
Jul 28, 2026 · 85 days

Tax Record

Public record data from county appraisal records. Market value can differ from assessed value.

Assessed Value
$351,877
Assessment Year
2025
Year Built
2007
Parcel ID
R-16-5047-000C-0038
$352K
$324K
$351,877
2025
$324,334
-7.8% from prev
2026
YearTaxesTotal AssessmentLandAdditions
2026-7.8%
—$324,334$77,000$247,334
2025
—$351,877$80,000$271,877
5-Year Change-7.8%
Map showing 1485 Rainbow Parke DR
1485 Rainbow Parke DR
Directions

Zoned Schools

Round Rock ISD →

1 High School1 Middle School1 Elementary School

Stony Point

High SchoolGrades 9-12Zoned assignment

CPL Robert P Hernandez

Middle SchoolGrades 6-8Zoned assignment

Herrington

ElementaryGrades K-5Zoned assignment

Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.

Principal & interest
$1,939

Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.

20% ($70K)

Adjustable assumption - not a lending recommendation.

$350,000

Loan: $280K
Mortgage rate%
Payoff: ~2056
Rate source: Freddie Mac 30-year fixed average (PMMS via FRED), as of 2026-10-15
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Keenan Market Position

A sourced read on Round Rock pricing, timing, and property scale. No automated valuation claim.

List price

$350,000

Price per sqft

$201/sqft

Vs. Neighborhood guide reference price

Not available

Days on market

85 days

Original to current

No verified reduction

$350K original

Active inventory context

Ask for current inventory

Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 16, 2026.

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Frequently Asked Questions

How much is 1485 Rainbow Parke Dr?

1485 Rainbow Parke Dr is listed at $350,000 with 3 bedrooms, 2 full bathrooms, 1,744 square feet, 0.17-acre lot.

What school district is 1485 Rainbow Parke Dr in?

1485 Rainbow Parke Dr is zoned for Round Rock ISD with assigned schools: Herrington (elementary), CPL Robert P Hernandez (middle), Stony Point (high). School assignments should be verified directly with the district.

What are the property details for 1485 Rainbow Parke Dr?

1485 Rainbow Parke Dr is a Residential built in 2006 featuring 3 bedrooms, 2 full bathrooms, 1,744 square feet, 0.17-acre lot.

What are the property taxes for 1485 Rainbow Parke Dr?

The most recent annual property tax for 1485 Rainbow Parke Dr is $5,836. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.

How should a buyer estimate the monthly payment for 1485 Rainbow Parke Dr?

This page does not assume a mortgage rate or publish a monthly payment for 1485 Rainbow Parke Dr. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.

How does 1485 Rainbow Parke Dr compare with other homes in Round Rock?

As of Oct 16, 2026, 1485 Rainbow Parke Dr is offered at $350,000. The current MLS snapshot shows 245 active listings in 78665. Keenan Group has completed 13 verified transactions in 78665 within its 1,000+ completed transactions and $1B+ career volume across Austin.

Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.

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Listing courtesy of Unlock MLS as distributed by MLS GRID. Information deemed reliable but not guaranteed. Neither the listing broker nor Compass RE Texas, LLC shall be responsible for any typographical errors, misinformation, or misprints.

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Last updated: 10/16/2026, 5:07:30 PM

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