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$1,500,000
last listed15104/15102 Rainbow One St, Austin, TX 78734
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1 bed, 1 bath, 840 sqft on 18.06 acres in Austin. Austin, TX 78734. Last listed at $1,500,000, sold August 18, 2022. Lake Travis ISD.
About This Home
Nestled in nature, this charming waterfront cottage welcomes you home! A rare opportunity awaits you on Lake Travis with an unspeakable 18+/- acres that extends to the deepest part of the river channel! You'll always have waterfront property, no matter the fluctuation of the lake. The cottage has been fully remodeled and will delight the senses as soon as you step inside, with cascading light that encompasses every room! Enjoy serene views of the lake, and know that you own a slice of Texas Heaven! Located in Travis Landing, this cozy one-bedroom, one bathroom was initially built in the 1960s but has since been reimagined with new plumbing, windows, electrical, flooring, AC, Kitchen remodel, insulation, exterior siding, water heater and cosmetic features. It truly is an escape from the hustle and bustle of city life! The cottage sits perched high on the hilltop, with sweeping views of the Texas Hill Country's natural landscape and Lake Travis's serene views. The land features numerous large oak trees that offer privacy up and down the boundary lines. Deed restrictions will only allow for a one-story to be built, but this property is not builder restricted, a rarity in today's market! You are also not subject to a timeframe to construct a new residence, a huge perk to allow for your imagination to soar with your new property! The neighborhood amenities include a gated waterfront park, boat/kayak storage, and more for all residences. A boat dock is permitted per LCRA rules at www.lcra.gov. The property is located in the highly acclaimed LTISD, with schools being Lake Travis Elementary/Hudson Bend Middle School/Lake Travis High School. Come see the magic that Rainbow One has to offer!
- Property Type
- Residential
- Year Built
- 1965
- Lot Size
- 18.06 acres
- Price / Sq Ft
- $1,786
- HOA
- $314/year
Listing information last updated August 18, 2022.
Listed by Compass RE Texas, LLC
MLS# 7900150 • Closed
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Properties displayed may be listed or sold by various participants in the MLS.
Highlights
Facts & Features
Interior
- Breakfast Bar
- Ceiling Fan(s)
- Laminate Counters
- Primary Bedroom on Main
- Recessed Lighting
- Walk-In Closet(s)
- Dishwasher
- Disposal
- Oven
- Tile
- Vinyl
- Heating
- Ductless,Electric
- Cooling
- Ductless,Electric
Exterior & Lot
- Block
- Concrete
- Back Yard
- Bluff
- Front Yard
- Sloped Down
- Trees-Large (Over 40 Ft)
- Trees-Medium (20 Ft - 40 Ft)
- Views
- Combination
- Pillar
- Post
- Pier
- Slab
- Covered
- Deck
- Front Porch
- Roof
- Composition
- Lot Size
- 18.06 Acres
- Driveway
- Parking Pad
- Private
- Lake Front
- Waterfront
Financial
- HOA Fee
- $314 / year
- Original List Price
- $1,500,000
- Price per Sq Ft
- $1,786
Utilities
- Electricity Connected
- Phone Available
- Underground Utilities
- Water Connected
- Water Source
- MUD
- Sewer
- Septic Tank
Transaction History
1 record on file
Every recorded listing, sale, and lease at 15104/15102 Rainbow One ST, whoever represented it.
- SoldAugust 18, 2022Listed at: $1,500,000MLS 7900150
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
Listing timeline with current price, original ask, and market time.
- Current list
- $1,500,000
- Original list
- $1,500,000
- Price movement
- No verified reduction
- Listed / DOM
- Jul 8, 2022
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $766,157
- Assessment Year
- 2025
- Year Built
- 1965
- Parcel ID
- 000000156795
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+11.6% | — | $766,157 | $535,500 | $230,657 |
2024+0.0% | — | $686,488 | $535,500 | $135,663 |
2023+13.4% | — | $686,488 | $535,500 | $150,988 |
2022+15.5% | — | $605,114 | $535,500 | $150,988 |
2021 | — | $523,719 | $535,500 | $69,614 |
Virtual Tour
Zoned Schools & District Context
Lake Travis
Hudson Bend
Lake Pointe Elementary
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.
Excluded from this estimate: property taxes and home insurance. Each requires verified amount, cadence or unit, source, and as-of details.
HOA source: MLS Grid / Unlock MLS, as of 2026-06-03T16:30:07.281147+00:00; normalized from annual dues.
20% ($300K)
Adjustable assumption - not a lending recommendation.
$1,500,000
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Keenan Market Position
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List price
$1,500,000
Price per sqft
$1,786/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
Not available
Original to current
No verified reduction
$1.5M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 3, 2026.
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78734 ZIP Guide
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