Active Listing  ·  90 days on market

1811 Rainy Meadows Dr

Austin, TX 78758
$339,900
3 Bed 2 Bath 1,102 sqft $308/sqft Built 1983 0.10 acres 1-Car Garage Pool Quail Hollow Garden Homes Sec

Minutes from The Domain, Q2 Stadium, Austin Community College, major North Austin employers, dining, shopping, and entertainment, 1811 Rainy Meadows offers an updated single-story home in a highly connected North Austin location.

With no HOA, a convenient North Austin location, and a versatile 3-bedroom layout, the property may also appeal to buyers exploring a primary residence, long-term rental, or potential short-term rental/investment opportunity.

Inside, a soaring vaulted ceiling and wall of windows fill the open living area with natural light, while wide-plank flooring adds warmth throughout. The living room is anchored by a classic tile fireplace, and the adjoining dining area opens through sliding glass doors to the back deck for easy indoor-outdoor living.

The kitchen features crisp white cabinetry, granite countertops, subway-tile backsplash, stainless steel appliances, and an arched passthrough that keeps the space connected to the main living area.

The private primary suite includes an en-suite bath and direct access to the backyard deck. Two additional bedrooms provide flexibility for guests, a home office, or hobbies, while both full baths feature refreshed finishes and patterned tile.

Outside, the fenced backyard is shaded by mature trees and includes a raised garden bed with room to grill, garden, or unwind.

At $308/sqft, this home is 21% below the Austin active market average of $392/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 $339,900
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 $308/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.

Schedule a Call →

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 · July 10, 2026 $359,900
Current ask $339,900
▼ Reduced $20,000 (-5.6%) 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
10410 Leaning Willow Dr
Quail Creek West Ph 02 Sec 09
$335,000 $298 3 bd / 2 ba 1,126 sqft , 2026-08-06
10809 Lambert Cir
Lambert Park
$329,000 $272 3 bd / 2 ba 1,208 sqft , 2026-09-01
1910 Albury Cv #A
Cerca at The Domain Condominiums
$359,900 $315 2 bd / 2 ba 1,144 sqft , 2026-09-17
11614 Pearwood Pl
Quail Hollow Garden Homes Sec
$315,420 $373 2 bd / 1 ba 845 sqft , 2026-06-18
1907 Albury Cv #C
Cerca at the Domain
$382,000 $334 2 bd / 2 ba 1,144 sqft , 2026-07-10

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
$1,632/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
$67,980
20% conventional investment loan

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

Estimated Gross Rent+$1,632
Principal + Interest−$1,855
Property Tax (~2.1% TX avg)−$595
Insurance (~0.5%)−$142
Est. Monthly Cash Flow $-960

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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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 October 5, 2026.

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