
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
$/Sq Ft
$201
HOA
$115/mo
Garage
2 spaces
Listed by Deal Smith Realty LLC
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
Verified property facts
1485 Rainbow Parke DR is listed at $350,000 with 3 bedrooms, 2 full bathrooms, 1,744 square feet, 0.17-acre lot.
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.
1485 Rainbow Parke DR is a Residential built in 2006 featuring 3 bedrooms, 2 full bathrooms, 1,744 square feet, 0.17-acre lot.
1485 Rainbow Parke DR is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
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.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Listed with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2026-7.8% | — | $324,334 | $77,000 | $247,334 |
2025 | — | $351,877 | $80,000 | $271,877 |
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.
20% ($70K)
$350,000
Luxury property intelligence
A sourced read on Rainbow Parke pricing, timing, and property scale. No automated valuation claim.
List price
$350,000
Price per sqft
$201/sqft
Vs. Rainbow Parke median
Not available
Days on market
4 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 Aug 1, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($70,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 1485 Rainbow Parke DR is around $2,302 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $350,000, 1485 Rainbow Parke DR is in the Rainbow Parke market where there are currently 264 active listings in 78665. The Keenan Group has completed 9 transactions in 78665 as part of 1,000+ career sales totaling $1B+ across Austin.
1485 Rainbow Parke DR includes verified waterfront access: None. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
1485 Rainbow Parke DR is part of a managed community with HOA dues of $115 semi-annually. HOA-managed communities in Austin's luxury market typically provide amenities such as common areas, security, and exterior maintenance. Verify current dues and rules with the HOA directly.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
3 events on record
Current Price
$350,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2026-7.8% | — | $324,334 |
| $77,000 |
| $247,334 |
2025 | — | $351,877 | $80,000 | $271,877 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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