Active Listing  ·  25 days on market

1811 Rainy Meadows Dr

Austin, TX 78758
$359,900
3 Bed 2 Bath 1,102 sqft $327/sqft Built 1983 0.10 acres 1-Car Garage Pool Quail Hollow Garden Homes Sec

Tucked along the tree-lined streets of Quail Hollow, this beautifully updated single-story home lives larger than its footprint. Inside, a soaring vaulted ceiling and wall of windows fill the open living space with natural light, while wide-plank flooring adds warmth throughout. The living room centers around a classic tile fireplace, and the adjoining dining area opens through sliding glass doors to the back deck, creating an easy flow for everyday living and entertaining. The kitchen balances charm and function with crisp white cabinetry, speckled granite countertops, a soft gray subway-tile backsplash, stainless steel appliances, and an arched passthrough that keeps the space connected to the rest of the home. The private primary suite features an en-suite bath and direct access to the backyard deck. Two additional light-filled bedrooms offer flexibility for guests, a home office, or hobbies, while both full baths are refreshed with stylish patterned tile. Outside, the spacious fenced backyard is shaded by mature trees and includes a raised garden bed with plenty of room for grilling, gardening, or relaxing.Just minutes from The Domain, Q2 Stadium, Austin Community College, major North Austin employers, and the neighborhood park, this move-in-ready home offers thoughtful updates, inviting spaces, and a location that is hard to beat.

At $327/sqft, this home is 16% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1811 Rainy Meadows Dr, Austin, TX 78758

Property Details

Price $359,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,102 sqft
Lot Size 0.10 acres (4,164.34 sqft)
Year Built 1983
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Quail Hollow Garden Homes Sec
County Travis
Zip Code 78758
$/sqft $327/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,220.58
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239425610
List Date July 10, 2026
Elementary School River Oaks
Middle School Westview
High School John B Connally
School District ,

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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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
13113 BILLIEM Dr
SCOFIELD FARMS PHS 1 SEC 1
$359,900 $274 3 bd / 2 ba 1,314 sqft , 2026-04-08
2209 Cedar Branch Dr
Scofield Farms Ph 02 Sec 01
$359,900 $247 3 bd / 2 ba 1,458 sqft , 2026-06-24
707 Great Britain Blvd
Buckingham Estates Ph III Sec
$360,000 $309 3 bd / 2 ba 1,166 sqft , 2025-10-17
16019 Agua Vis
NA
$360,000 $348 3 bd / 2 ba 1,033 sqft , 2026-03-13
2301 Lawnmont Ave #1
Heritage Square Condo
$360,000 $316 2 bd / 2 ba 1,141 sqft , 2026-03-05

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
$1,728/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
$71,980
20% conventional investment loan

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

Estimated Gross Rent+$1,728
Principal + Interest−$1,964
Property Tax (~2.1% TX avg)−$630
Insurance (~0.5%)−$150
Est. Monthly Cash Flow $-1,016

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

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