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$565,000
last listed15204 Rainbow Two St, Austin, TX 78734
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3 bed, 2 bath, 2,089 sqft on 0.27 acres in Austin. Austin, TX 78734. Last listed at $565,000, sold October 4, 2023. Lake Travis ISD.
About This Home
LIVE THE LAKE LIFE! Enjoy the waterfront lifestyle in Travis Landing near Lake Travis. Just a short walk or golf cart ride away to a PRIVATE 35-acre waterfront park that abuts the lake and provides you with an opportunity for BOAT STORAGE and a deep boat ramp. Only +/-150 homes have access to this UNIQUE opportunity. This charming house is nestled in the scenic neighborhood and offers winter views of the glistening Lake Travis while you can indulge in the tranquil beauty of the waters at your convenience all year round! The property boasts a lovely, landscaped exterior with a fenced in backyard and stunning mature live oak trees! Featuring three large bedrooms, you will be thrilled with the mother-in-law layout and an opportunity for TWO primary suites. Additionally, there's an office area, providing a dedicated space for work while soaking in the views! The family room is large enough to accommodate any holiday gathering and is anchored by a beautiful native stone fireplace. Whether you choose to enjoy the space as is or customize it to reflect your unique style, this residence presents itself as a blank canvas ready for your personal touch. The surrounding community provides exemplary schools, making it an ideal place for families. The vibrant Lake Travis and Lakeway area offer an array of recreational activities and a welcoming atmosphere. Nearby, you'll find various shopping centers, schools, and hospitals, ensuring all your daily needs are within easy reach. End the day on the huge back patio that wraps around the house to take full advantage of this outdoor paradise. With the back of the house facing East, you will LOVE the shade and breezes in the Texas afternoons. Experience the joy of lakeside living and create lasting memories in this remarkable property. LOW TAXES and LOW HOA with so many benefits!
- Property Type
- Residential
- Year Built
- 1984
- Lot Size
- 0.27 acres
- Price / Sq Ft
- $270
- HOA
- $166/year
Listing information last updated October 10, 2023.
Listed by Moreland Properties
MLS# 3134729 • 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
- Built-in Features
- Ceiling Fan(s)
- Eat-in Kitchen
- In-Law Floorplan
- Kitchen Island
- No Interior Steps
- Primary Bedroom on Main
- Built-In Electric Oven
- Cooktop
- Dishwasher
- Disposal
- Electric Cooktop
- Tile
- Wood
- Heating
- Central
- Cooling
- Central Air
- Fireplaces
- 1
Exterior & Lot
- Boat Ramp
- Masonry – Partial
- Wood Siding
- Back Yard
- Front Yard
- Landscaped
- Level
- Wood
- Slab
- Deck
- Rear Porch
- Side Porch
- Wrap Around
- Roof
- Composition
- Lot Size
- 0.27 Acres
- Attached Carport
Financial
- HOA Fee
- $166 / year
- Original List Price
- $595,000
- Price per Sq Ft
- $270
Utilities
- Electricity Available
- Water Source
- Public
- Sewer
- Septic Tank
Transaction History
4 records on file
Every recorded listing, sale, and lease at 15204 RAINBOW TWO ST, whoever represented it.
- SoldOctober 4, 2023Listed at: $595,000MLS 3134729
- LeasedOctober 24, 2022Asking rent: $3,500/moMLS 4771226
- LeasedAugust 4, 2022Asking rent: $3,500/moMLS 4668473
- WithdrawnListed 2022Current price: $3,500Original list: $3,500MLS 9278528
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
- $565,000
- Original list
- $595,000
- Price movement
- $30K reduction
- Listed / DOM
- Jul 6, 2023
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $435,719
- Assessment Year
- 2025
- Year Built
- 1984
- Parcel ID
- 000000156839
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-23.7% | — | $435,719 | — | — |
2024-3.1% | — | $571,333 | $200,000 | $329,610 |
2023+78.8% | — | $589,820 | $200,000 | $371,333 |
2022+15.5% | — | $329,791 | $200,000 | $389,820 |
2021 | — | $285,586 | $85,000 | $244,791 |
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 2026-04-25T02:51:50.833075+00:00; normalized from annual dues.
20% ($113K)
Adjustable assumption - not a lending recommendation.
$565,000
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Keenan Market Position
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List price
$565,000
Price per sqft
$270/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
Not available
Original to current
$30K reduction
$595K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Apr 25, 2026.
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