1485 Rainbow Parke DR — photo 1
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$350,000

1485 Rainbow Parke DR, Round Rock TX 78665

3 bd·2 ba·1,744 sqft·$201/sqft

MLS #245306973 · Deal Smith Realty LLC · Derek Smith

Market insights

Compared with 342 active homes in ZIP 78665 · HomeLocating listings

Area median price
$419,450
This home vs. median
17% below
Homes with a price cut
24%

Property details

Property type
Residential · SingleFamilyResidence
Status
Active
Year built
2006
Full baths
2
Lot size
0.175
Subdivision
Rainbow Parke
MLS area
RRE
MLS #
245306973

Features

Interior features

  • High Ceilings
  • In-Law Floorplan
  • Multiple Dining Areas
  • Primary Bedroom on Main
  • Walk-In Closet(s)

Exterior features

  • No Exterior Steps

Additional details

Parking
Attached, Door-Single, Garage Door Opener, Outside
Garage spaces
2
Roof
Composition
Foundation
Slab
HOA
$115 / semi-annually
Annual tax
$5,835

Schools

Assigned schools per the MLS.

School district
Round Rock ISD
Elementary
Herrington
Middle
CPL Robert P Hernandez
High
Stony Point

About this home

A single-story brick home offering 1,744 square feet on a 7,602 square foot lot in the established Rainbow Parke community on the east side of Round Rock. Built in 2006, the home lives all on one level with no stairs, three bedrooms, two full baths, central heat and air, and a two-car garage. The main living, dining, and kitchen areas stay open and connected, with the bedrooms set off to the side for quiet and separation. The secondary bedrooms are sized well for guests, a home office, a workout room, or a hobby space, and the two-car garage plus a full driveway leave plenty of room to park. Out back, the yard on a 7,602 square foot lot leaves space for a patio, a garden, or weekend projects, and the single-level layout means easy, step-free living from the driveway to the back door. Location is the quiet advantage. Rainbow Parke sits minutes from Old Settlers Park and the Dell Diamond, with quick access to US-79 and Interstate 35, and the SH-130 tollway a short drive east for a clear run toward the airport and greater Austin. Kalahari Resort, the Round Rock Premium Outlets, IKEA, HEB, and a long run of restaurants and everyday errands are all within a few minutes, and the area's major employers keep rental demand steady. It is a practical, low-maintenance single-story in one of the region's steadiest submarkets. The numbers work for an owner-occupant or an investor. Comparable homes in the area rent in the neighborhood of $2,000 a month, so it pencils as a straightforward buy-and-hold in a rental market with consistent demand, and the brick single-story construction keeps upkeep light for a long-term owner. Priced to sell in a corridor that keeps drawing steady relocation from across the Austin metro.

Location

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Listing courtesy of Deal Smith Realty LLC · Derek Smith

Listing data last updated Aug 1, 2026, 11:46 AM

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