#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024This property has sold on August 22, 2025. Looking for something similar? Contact us or browse available homes.
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$2,000,000
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In the heart of Westlake, this substantial home provides an ideal location and flexibility for a buyer's wishes. This home boasts a total of 4,319 square feet (according to the blueprints), which includes an unfinished game room over the garage measuring 486 square feet (not included in the tax square footage) and 73 square feet of Living Unit Gross (LUG). It features six dedicated bedrooms, two of which are currently being used as offices on the main floor. The home is set over an acre on a private cul-de-sac lot with large trees. The sloped front lot provides privacy, and a huge backyard offers space for additions, such as a resort pool, cabana, or storage. A two-story foyer opens the interior of the home. The two main-level bedrooms share a bathroom, and two storage closets flank one side, while a formal living and formal dining open to the kitchen, breakfast, and family room. Be sure to see the second staircase in the kitchen, which leads to what could be an amazing theatre room, playroom, or bedroom over the garage. This room is unfinished and has loads of potential, with arched ceilings, dormers, storage, and private staircase access. The primary bedroom is a wonderful retreat with double doors, a tray ceiling, a bay window, and a broad backyard view. A spacious en suite features dual vanities, a separate shower and soaking tub, and a large walk-in closet with twin sides. This home has easy access to Westlake High, Red Bud Isle, Lions Golf Course, and numerous conveniences, plus it's only about ten minutes to Downtown Austin. The location has proven favorable for various work commutes over the years, per the owner, as traffic flows primarily in the opposite direction. Pool plans and landscape plans are available. Be sure to check out the low tax rate. The sellers have a Westlake Hills Athletic Club (WHAC) membership that can be sold along with the property. WHAC has a pool, tennis courts, basketball courts, sand volleyball courts, and a playscape.
Property Type
Residential
Year Built
1991
Lot Size
1.02 acres
$/Sq Ft
$463
Garage
3 spaces
Listed by Regent Property Group, LLC
Verified property facts
608 Rainbow CV is listed at $2,000,000 with 6 bedrooms, 4 full bathrooms, 4,319 square feet, 1.02-acre lot.
608 Rainbow CV is zoned for Eanes ISD with assigned schools: Eanes (10/10) (elementary), Hill Country (9/10) (middle), Westlake (9/10) (high). School assignments should be verified directly with the district.
608 Rainbow CV is a Residential built in 1991 featuring 6 bedrooms, 4 full bathrooms, 4,319 square feet, 1.02-acre lot.
608 Rainbow CV is listed by Regent Property Group, LLC. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Jun 5, 2026.
608 Rainbow CV is priced at $463 per square foot across 4,319 sqft. The Westlake Hills neighborhood guide reference price is $2,351,000 (Westlake Hills neighborhood guide · reference price).
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Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
2 records on file
Every recorded listing, sale, and lease at 608 Rainbow CV, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Listing timeline 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 |
|---|---|---|---|---|
2025-34.5% | — | $1,328,391 | — | — |
2024+9.8% | — | $2,028,674 | $960,000 | $495,453 |
2023+53.1% | — | $1,848,053 | $960,000 | $1,068,674 |
2022+34.1% | — | $1,206,980 | $960,000 | $888,053 |
2021 | — | $900,000 | $540,000 | $666,980 |
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. Ratings from GreatSchools.org.
20% ($400K)
Adjustable assumption - not a lending recommendation.
$2,000,000
Luxury property intelligence
A sourced read on Westlake Hills pricing, timing, and property scale. No automated valuation claim.
List price
$2,000,000
Price per sqft
$463/sqft
Vs. Neighborhood guide reference price
-14.9%
$2.4M · Westlake Hills neighborhood guide · reference price
Days on market
Not available
Original to current
$750K reduction
$2.8M original
Active inventory context
17 listings
Price Position in Westlake Hills
Listed 15% below the Westlake Hills neighborhood guide reference price. Westlake Hills neighborhood guide · reference price.
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 5, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
This page does not assume a mortgage rate or publish a monthly payment for 608 Rainbow CV. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Jun 5, 2026, 608 Rainbow CV is offered at $2,000,000. The current MLS snapshot shows 83 active listings in 78746. Keenan Group has completed 19 verified transactions in 78746 within its 1,000+ completed transactions and $1B+ career volume across Austin. See Keenan Group's Westlake Hills guide for current neighborhood analysis.
608 Rainbow CV was built in 1991 (35 years ago). Buyers should budget for potential updates to major systems.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Westlake Hills is one of Austin's established neighborhoods, zoned for Eanes ISD in the 78746 area. The Keenan Group has specialized in Westlake Hills real estate for 25+ years with 1,000+ career transactions. Contact (512) 415-7653 for current market conditions and available homes.
Source: Keenan Group at Compass Real Estate, #1 Austin Board of Realtors Team (2024)
7 events on record
Current Price
$2,000,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-34.5% | — | $1,328,391 | — | — |
2024+9.8% | — | $2,028,674 | $960,000 | $495,453 |
2023+53.1% | — | $1,848,053 | $960,000 | $1,068,674 |
2022+34.1% | — | $1,206,980 | $960,000 | $888,053 |
2021 | — | $900,000 | $540,000 | $666,980 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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Neighborhood guide and local insights
Westlake Hills is an incorporated city in Austin's 78746 ZIP code, five minutes west of downtown via Bee Caves Road. Eanes ISD - ranked #1 in Texas by Niche 2026 - draws most buyers. Median home price $2.4M, with estates from $1.2M updates to $10M+ hilltop compounds. Roughly 1,000 total homes sit on wooded lots averaging half an acre to two acres, spread across the hills south of the Colorado River. Lost Creek, Davenport Ranch, The Oaks, and Bee Caves Woods each have a different character - from 1970s ranches on established lots to new-build Hill Country Contemporary estates with 20-foot ceilings and limestone facades. The housing stock is in a generational transition. Original 1970s-80s ranch homes sell as teardowns at $1-2M for land alone, replaced by $3-8M contemporary builds. At any given time, 25-30 homes are actively listed. Inventory is tight, and a meaningful share of deals happen off-market through agent networks. What defines daily life here: morning coffee at Swedish Hill, school drop-off at Eanes Elementary or Bridge Point, a trail run at Wild Basin Preserve, and dinner at Sway or Las Palomas without crossing MoPac. This is a quiet neighborhood built around schools and outdoor access, not nightlife or walkable retail. The people who live here chose it for exactly that trade-off.
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