1485 Rainbow Parke DR, Round Rock TX 78665
MLS #245306973 · Deal Smith Realty LLC · Derek Smith
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.
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
Location
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Schools
Assigned schools per the MLS.
- School district
- Round Rock ISD
- Elementary
- Herrington
- Middle
- CPL Robert P Hernandez
- High
- Stony Point
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Getting around
- Downtown Austin
- 20.1 mi
- Austin-Bergstrom Airport
- 23.6 mi
Straight-line distance, not drive time.
Market insights
Compared with 526 active homes in ZIP 78665 · HomeLocating listings
At $350,000, this home is priced 15% below the $409,500 median across 526 active homes in ZIP 78665.
Estimated monthly payment
Home price
$350,000
Down payment
20% ($70,000)
Loan details
30-yr fixed, 6.50%
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Listing courtesy of Deal Smith Realty LLC · Derek Smith
Listing data last updated Oct 2, 2026, 11:46 PM
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