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5705 Rain Creek PKWYAustin, TX 78759

For Sale

$629,000

Smart Buyer Rebate $6,290

Amazing Fix & Flip Opportunity in Austin’s sought-after Great Hills neighborhood — 5705 Rain Creek Pkwy presents investors and rehabbers with a rare chance to acquire a well-positioned property with massive upside potential. Situated in the desirable Great Hills / Jollyville corridor, this 2,630 sq. ft., two-story home built in 1984 sits on a generous 0.27-acre lot, offering both solid square footage and outdoor space for expansion or lifestyle enhancements. The property is ready for a complete transformation and serves as a blank canvas for investors who can envision its future as a modernized, high-demand residence. Surrounded by strong comps, the neighborhood consistently supports high ARV values, with renovated homes in the area trading in the $975,000 to $1,170,000 range. With an estimated renovation investment of approximately $180,000, savvy investors can unlock compelling profit margins by bringing this home up to market standards. The location is unbeatable, with excellent access to major highways, retail hubs, restaurants, highly regarded schools, and the abundant amenities that make Great Hills one of Austin’s most desirable residential enclaves. The spacious floor plan provides ample opportunity for reconfiguration, modernization, and the addition of luxury finishes that today’s buyers demand—think open concept living, chef’s kitchens, spa-inspired bathrooms, and seamless indoor-outdoor connections. This is not a turnkey property—it is an opportunity for an experienced investor ready to manage a full-scale renovation project from start to finish. With strategic upgrades, high-end finishes, and thoughtful design, this distressed asset can be transformed into a standout offering in one of Austin’s most competitive and well-positioned neighborhoods. The combination of location, square footage, lot size, and market demand make this a true investor’s gem. Don’t miss your chance to capitalize on one of the best fix-and-flip opportunities in Northwest Austin.

Listed by Darsh Parikh

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License #734449

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Compass RE Texas, LLC

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(512) 593-3138

Last updated October 21, 2025

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Source: ACTRIS #8213922

Listing Facts

  • TypeSingle-family
  • NeighborhoodGreat Hills
  • Bedrooms4
  • Bathrooms2
  • Days on Prevu2
  • Taxes$15,473.69/year
  • Size2,630 sqft
  • Price per sqft$239

Amenities

  • Private Outdoor Space
  • Air Conditioning
  • Parking
  • Swimming Pool

Location

Mortgage Calculator

Listing History

10/20/2025
Listed by Compass RE Texas, LLC
$629,000

Property Details for 5705 Rain Creek PKWY

Association

Amenities

  • Community Features: See Remarks

Exterior

Construction

  • Property Condition: Resale
  • Roof: Metal
  • Window Features: See Remarks
  • Year Built: 1984
  • Construction Materials: Hardi Plank Type, Stone
  • Exterior Features: See Remarks

Features

  • Direction Faces: NE
  • Fencing: Wood
  • Other Structures: See Remarks
  • Patio And Porch Features: Rear Porch
  • View: Neighborhood

Measurements

  • Lot Features: See Remarks
  • Lot Size Acres: 0.26
  • Lot Size Area: 0
  • Lot Size Square Feet: 11,730

Financial

Taxes

  • Parcel Number: 01580309150000
  • Tax Annual Amount: $15,473.69
  • Tax Assessed Value: $780,784.00
  • Tax Year: 2025

Interior

Features

  • Appliances: Stainless Steel Appliance(s)
  • Fireplace Features: Family Room
  • Fireplaces Total: 1
  • Flooring: Tile, Wood
  • Interior Features: Ceiling Fan(s), High Ceilings

Measurements

  • Living Area: 2,630
  • Living Area Source: Public Records

Rooms

  • Bathrooms Full: 2
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 4

Other

Environmental

  • Green Energy Efficient: See Remarks

Features

  • Accessibility Features: See Remarks

Location

  • Subdivision Name: Great Hills Sec 10
  • Tax Block: A
  • Tax Lot: 12

Parking

Parking

  • Covered Spaces: 2
  • Garage Spaces: 2
  • Garage: Yes
  • Parking Features: Driveway, Garage, Garage Door Opener
  • Parking Total: 4

Schools

Elementary School

  • Elementary School: Hill
  • Elementary School District: Austin ISD

High School

  • High School: Anderson
  • High School District: Austin ISD

Middle or Junior School

  • Middle Or Junior School: Murchison
  • Middle Or Junior School District: Austin ISD

Utilities

Equipment

  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public

Based on information from ACTRIS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.