About This Home

NEW PRICE! Updated, inviting, and ideally located—this North Austin gem checks all the boxes. With two generous living areas, refreshed kitchen and baths, and fresh paint inside and out, this home offers both style and function with move-in-ready ease.

The backyard is a true extension of the living space, complete with a covered patio for morning coffee, weekend grilling, or evening unwinding, plus a storage shed for all your extras.

Just minutes from The Domain, Q2 Stadium, incredible restaurants, shopping, and easy highway access, this location makes commuting and enjoying Austin incredibly convenient. Home is now vacant and unstaged from the photos.

At $251/sqft, this home is 36% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1800 Rainy Meadows Dr, Austin, TX 78758

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Property Details

Price $389,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,550 sqft

Lot Size 0.15 acres (6,594.98 sqft)

Year Built 1983

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Quail Hollow Garden Homes Sec

County Travis

Zip Code 78758

$/sqft $251/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT230935724

List Date May 22, 2026

Elementary School Pillow

Middle School Burnet (Austin ISD)

High School Anderson

School District ,

Have Questions About This Property?

Luke Allen (TREC #788149) has deep knowledge of Austin 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 · May 22, 2026 $425,000

Previous ask $399,000

Current ask $389,000

▼ Reduced $36,000 (-8.5%) 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 Austin

Comparable Listings Right Now

Homes currently for sale in Austin 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

1603 Holstein Dr
Quail Hollow Sec 05-A $389,000 $219 3 bd / 2 ba 1,773 sqft , 2026-06-30

11602 Prairie Hen Ln
Quail Hollow Sec 06-B $387,000 $338 3 bd / 2 ba 1,144 sqft , 2026-08-06

1101 Huntridge Dr
Gracywoods Sec 02 $395,000 $250 3 bd / 2 ba 1,580 sqft , 2026-03-14

2320 Gracy Farms Ln #1414
Stoneleigh Condo Amd $395,911 $332 3 bd / 2 ba 1,192 sqft , 2026-02-02

1803 Heatherglen Ln
Quail Hollow Garden Homes Sec $399,900 $324 3 bd / 2 ba 1,233 sqft , 2026-08-11

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

$1,867/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

$77,800

20% conventional investment loan

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

Estimated Gross Rent+$1,867

Principal + Interest−$2,123

Property Tax (~2.1% TX avg)−$681

Insurance (~0.5%)−$162

Est. Monthly Cash Flow $-1,099

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 Austin, TX

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

Tesla Gigafactory 15-25 min E

Apple Campus (Domain) 20-30 min N

Google / Meta / Indeed 10-15 min downtown

Dell Medical School / UT Austin 10-20 min

Samsung Austin Semiconductor 25 min N

About the Author

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 10, 2026.

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

1800 Rainy Meadows Dr