Active Listing  ·  6 days on market

5101 Rain Creek Pkwy

Austin, TX 78759
$1,075,000
3 Bed 3 Bath 2,410 sqft $446/sqft Built 1979 0.47 acres 2-Car Garage Pool Great Hills 8-A

Welcome to 5101 Rain Creek Pkwy, where stunning hill country views meet a beautifully updated retreat in the heart of Northwest Austin. Tucked into the highly sought-after Great Hills neighborhood, this home sits on a private, nearly half-acre lot surrounded by mature trees, offering a rare sense of nature and privacy while still providing walkability and instant access to the best of city living.

Inside, the home feels airy and expansive, anchored by a large living room with soaring vaulted ceilings and all-new wood-and-tile flooring throughout. The kitchen is a true standout, featuring high-end finishes including a built-in SubZero refrigerator and a Gaggenau induction cooktop. The layout is thoughtfully designed with three spacious bedrooms plus a versatile office or den that can easily serve as an additional bedroom, complemented by three full bathrooms, a formal dining space, and a bright breakfast area.

Walk to all of the great shopping and dining at the Arboretum and surrounding shopping centers. Trader Joe's, Whole Foods, and Target are moments away. Minutes from major employers along Austin's booming tech corridor and just 15 minutes from downtown Austin. Zoned for highly acclaimed AISD schools: Hill Elementary, Murchison Middle School, and Anderson High School. Don't miss this great opportunity in Great Hills!

At $446/sqft, this home is priced 14% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

5101 Rain Creek Pkwy, Austin, TX 78759

Property Details

Price $1,075,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 2,410 sqft
Lot Size 0.47 acres (20,656.15 sqft)
Year Built 1979
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Great Hills 8-A
County Travis
Zip Code 78759
$/sqft $446/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT247152525
List Date October 2, 2026
Elementary School Hill
Middle School Murchison
High School Anderson
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
5717 Lost Horizon Dr #12
THE PINNACLE AT GREAT HILLS
$1,030,000 $427 4 bd / 3 ba 2,410 sqft , 2026-06-12
6604 Strutton Cv
Great Hills Ph 02 Sec 01
$995,000 $312 4 bd / 4 ba 3,191 sqft , 2026-07-23
9312 Knoll Crest Loop
Great Hills 7-A
$1,180,000 $374 4 bd / 4 ba 3,158 sqft , 2026-08-07
8506 Walhill Cv
Twin Mesa
$1,195,000 $462 3 bd / 2 ba 2,584 sqft , 2026-05-14
9402 Bluegrass Dr
Great Hills 20
$899,000 $290 3 bd / 3 ba 3,100 sqft , 2026-03-02

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
$5,160/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
$215,000
20% conventional investment loan

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

Estimated Gross Rent+$5,160
Principal + Interest−$5,867
Property Tax (~2.1% TX avg)−$1,881
Insurance (~0.5%)−$448
Est. Monthly Cash Flow $-3,036

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 4, 2026.

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