Active Listing  ·  42 days on market

6804 Rain Creek Pkwy

Austin, TX 78759
$815,000
4 Bed 3 Bath 2,896 sqft $281/sqft Built 1993 0.21 acres 2-Car Garage Pool Great Hills Ph 02 Sec 01 Amd

A real value opportunity in the established Great Hills neighborhood. With 4 true bedrooms and multiple living and dining areas, this home delivers a rare amount of space at this price point in Northwest Austin. The flexible two-story floor plan features hardwood flooring, high ceilings, abundant natural light, and a welcoming family room with a fireplace. The updated kitchen offers granite countertops, white cabinetry, generous workspace, and an easy connection to the breakfast area and main living spaces. Upstairs, the spacious primary suite includes an updated bath, while three additional bedrooms offer flexibility for guests, office space, hobbies, or everyday living. Outside, mature trees frame the property, and an expansive rear deck extends the living space outdoors. The Great Hills location is a major part of the value, with nearby access to Great Hills Park and its trail network, Bull Creek District Park, The Arboretum, The Domain, shopping, dining, major employers, US-183, and Loop 360. Served by Round Rock ISD with Caraway Elementary, Canyon Vista Middle School, and Westwood High School. For buyers seeking four bedrooms and nearly 2,900 square feet in a highly convenient Northwest Austin location, this is an opportunity to gain more space without moving into the next price tier.

At $281/sqft, this home is 28% 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

6804 Rain Creek Pkwy, Austin, TX 78759

Property Details

Price $815,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,896 sqft
Lot Size 0.21 acres (9,365.4 sqft)
Year Built 1993
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Great Hills Ph 02 Sec 01 Amd
County Travis
Zip Code 78759
$/sqft $281/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $12,585
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231611365
List Date August 27, 2026
Elementary School Caraway
Middle School Canyon Vista
High School Westwood
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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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 · August 27, 2026 $849,000
Previous ask $824,900
Current ask $815,000
▼ Reduced $34,000 (-4.0%) 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
5818 Misty Hill Cv
Greens Sec 02
$815,000 $275 4 bd / 3 ba 2,962 sqft , 2026-08-19
11002 Sierra Verde Trl
Sierra Vista 01
$799,800 $365 4 bd / 3 ba 2,192 sqft , 2026-04-15
6001 Sierra Arbor Ct
Sierra Arbor Estates
$840,000 $289 4 bd / 3 ba 2,910 sqft , 2026-06-15
10903 Galleria Cv
Austin Hills Sec 05
$875,000 $383 4 bd / 3 ba 2,282 sqft , 2026-06-18
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
$3,912/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
$163,000
20% conventional investment loan

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

Estimated Gross Rent+$3,912
Principal + Interest−$4,448
Property Tax (~2.1% TX avg)−$1,426
Insurance (~0.5%)−$340
Est. Monthly Cash Flow $-2,302

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 September 25, 2026.

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