Active Listing  ·  74 days on market

1441 Rainbow Parke Dr

Round Rock, TX 78665
$369,000
3 Bed 2 Bath 2,030 sqft $182/sqft Built 2010 0.23 acres 2-Car Garage Pool Rainbow Parke

HOT PRICE! Huge backyard, single-story living, and move-in ready in Round Rock! Beautiful Gehan home built in 2010 and located in the Rainbow Parke subdivision near Old Settlers Park. This 3-bedroom, 2-bath, three-sides masonry home offers a spacious layout, updated flooring, neutral paint, ceiling fans, and an abundance of natural light. From the moment you enter, the home feels warm, clean, bright, and inviting. Hard tile, arches, art niches, and thoughtful architectural details add character while keeping the home comfortable and functional for everyday living. The open great room provides a wonderful central gathering space with an easy view into the kitchen and dining areas, making it ideal for relaxing, entertaining, or spending time with loved ones. The kitchen features granite countertops, a center island, breakfast bar, tile backsplash, breakfast dining area, and refrigerator included. The floor plan offers excellent flexibility with a bonus room that can be used as a playroom, second living area, hobby room, workout space, or media area. In addition, the separate formal dining room can easily function as a dedicated home office, study, or additional flex space depending on your needs. The primary suite and secondary bedrooms are comfortably sized, and the single-story design makes the home easy to enjoy. Outside, the large fenced backyard and covered patio offer great space for pets, outdoor dining, gardening, entertaining, or simply relaxing at the end of the day. Clean, spacious, bright, and ready for move-in, this home combines comfort, function, value, and location in one of Round Rock’s convenient neighborhoods near parks, recreation, shopping, dining, and major roadways.

At $182/sqft, this home is 15% below the Round Rock active market average of $214/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1441 Rainbow Parke Dr, Round Rock, TX 78665

Property Details

Price $369,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,030 sqft
Lot Size 0.23 acres (9,931.68 sqft)
Year Built 2010
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Rainbow Parke
County Williamson
Zip Code 78665
$/sqft $182/sqft
Days on Market ,
HOA $242/Annually
Annual Tax Est. $6,192.55
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235409675
List Date June 9, 2026
Elementary School Double File Trail
Middle School Ridgeview
High School Stony Point
School District ,

Luke Allen (TREC #788149) has deep knowledge of Round Rock and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · June 9, 2026 $420,000
Previous ask $374,000
Current ask $369,000
Reduced $51,000 (-12.1%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

Similar Homes on the Market in Round Rock

Comparable Listings Right Now

Homes currently for sale in Round Rock with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
8104 Rosano St
Siena
$365,000 $140 4 bd / 3 ba 2,603 sqft , 2026-05-30
1310 Rainbow Parke Dr
Rainbow Parke
$354,999 $179 4 bd / 2 ba 1,983 sqft , 2025-06-05
5816 Sardinia Dr
Siena Ph 1 Sec 24
$350,000 $188 3 bd / 2 ba 1,864 sqft , 2026-05-13
1485 Rainbow Parke Dr
Rainbow Parke
$350,000 $201 3 bd / 2 ba 1,744 sqft , 2026-07-28
3220 Corrigan Ln
Settlers Crossing Sec 03
$349,335 $157 4 bd / 2 ba 2,228 sqft , 2026-07-14

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$1,771/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$73,800
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$1,771
Principal + Interest−$2,014
Property Tax (~2.1% TX avg)−$646
Insurance (~0.5%)−$154
Est. Monthly Cash Flow $-1,043

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Round Rock, TX

Round Rock sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Dell Technologies HQ 5 min
Apple Campus (Domain) 15 min S
Samsung Austin Semiconductor 20 min SW
Tesla Gigafactory 35 min S

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on August 15, 2026.

📞 (254) 718-2567 [email protected] More about Luke →