Amazing Fix & Flip Opportunity in Austin’s sought-after Great Hills neighborhood — 5705 Rain Creek Pkwy presents investors and rehabbers with a rare chance to acquire a well-positioned property with massive upside potential. Situated in the desirable Great Hills / Jollyville corridor, this 2,630 sq. ft., two-story home built in… Read More 1984 sits on a generous 0.27-acre lot, offering both solid square footage and outdoor space for expansion or lifestyle enhancements. The property is ready for a complete transformation and serves as a blank canvas for investors who can envision its future as a modernized, high-demand residence. Surrounded by strong comps, the neighborhood consistently supports high ARV values, with renovated homes in the area trading in the $975,000 to $1,170,000 range. With an estimated renovation investment of approximately $180,000, savvy investors can unlock compelling profit margins by bringing this home up to market standards. The location is unbeatable, with excellent access to major highways, retail hubs, restaurants, highly regarded schools, and the abundant amenities that make Great Hills one of Austin’s most desirable residential enclaves. The spacious floor plan provides ample opportunity for reconfiguration, modernization, and the addition of luxury finishes that today’s buyers demand—think open concept living, chef’s kitchens, spa-inspired bathrooms, and seamless indoor-outdoor connections. This is not a turnkey property—it is an opportunity for an experienced investor ready to manage a full-scale renovation project from start to finish. With strategic upgrades, high-end finishes, and thoughtful design, this distressed asset can be transformed into a standout offering in one of Austin’s most competitive and well-positioned neighborhoods. The combination of location, square footage, lot size, and market demand make this a true investor’s gem. Don’t miss your chance to capitalize on one of the best fix-and-flip opportunities in Northwest Austin. Read Less
Property listed by Compass RE Texas, LLC 512-575-3644 (512) 593-3138
Listing Snapshot
Days Online
8
Last Updated
Property Type
SingleFamilyResidence
Beds
4
Full Baths
2
Square Ft.
2,630
Lot Size
0.27 Acres
Year Built
1984
MLS Number
8213922
Additional Details
Building
Built in 1984, Stories: 2, 2,630 sqft living area, Hardiplank Type, Stone, Two
Fence
Wood
Fireplaces
1 fireplace, Family Room
Floors
Tile, Wood
Foundation
Slab
Garage
2 garage spaces
Heating
Central
Interior Features
Ceiling Fans, High Ceilings
Laundry
In Unit
Lot
0.2693 acres, Area: 0.2693
Parking
2 covered spaces, Driveway, Garage, Garage Door Opener
Property
Resale, Neighborhood
Roof
Metal
Sewer
Public Sewer
Taxes
Annual Amount: $15,474, Year: 2025
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
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