5705 Rain Creek PKWY new Save Request In-Person Tour Request Virtual Tour
Austin,TX 78759
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,630 sqft
Price per Sqft $239
Subdivision Great Hills Sec 10
MLS Listing ID 8213922
Bedrooms 4
Full Baths 2
Year Built 1984
Annual Tax Amount $15,473
Tax Year 2025
Lot Size 0.269 Acres
Property Sub-Type Single Family Residence
Property Description
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.
Location
State TX
County Travis
Interior
Heating Central
Cooling Central Air
Flooring Tile,Wood
Fireplaces Number 1
Fireplaces Type Family Room
Exterior
Exterior Feature See Remarks
Garage Spaces 2.0
Fence Wood
Pool None
Community Features See Remarks
Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
Waterfront Description None
View Neighborhood
Roof Type Metal
Building
Lot Description See Remarks
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type HardiPlank Type,Stone
New Construction No
Schools
Elementary Schools Hill
Middle Schools Murchison
High Schools Anderson
School District Austin Isd
Others
Special Listing Condition See Remarks