2302 Rain Water Dr

Austin TX 78734

2443 sq. ft.

8973.36 sq. ft.

Single-Family

elizabeth King, last sold this property on 02 February 2026 after 212 days on market.

Overview

Priced $175,000 below tax appraisal! Experience contemporary living near Lake Austin in this architecturally striking 3-bedroom, 2.5-bath retreat in Apache Shores. Built in 2017 by PGM Design + Build, this modern home greets you with soaring ceilings, sleek finishes, and an open, light-filled layout. The property features a commercial-grade membrane roof—exceptionally durable and versatile enough to support a deck, rooftop garden, or future outdoor living space. Inside, polished concrete and warm wood flooring create a seamless, sophisticated aesthetic. The spacious main-level primary suite offers comfort, privacy, and beautiful natural light. The kitchen is outfitted with stainless steel appliances and a free-standing range, ideal for everyday living or entertaining guests. A standout highlight is the detached bonus building at the front of the property—perfect for a private guest suite, home office, creative studio, or media room. The fenced, secluded lot is designed for both relaxation and gathering. Please note: the second photo is a backyard rendering and not the actual yard. Residents enjoy access to a shared boat dock and are just a short walk from Lake Austin, offering scenic views, water activities, and a relaxed lake-lifestyle environment. Located within the highly sought-after Lake Travis ISD, this home blends contemporary design, versatility, and an unbeatable location—and is listed well below market value. It’s also a fantastic investment opportunity: similar properties in the area generate an average of $98,000 annually as short-term rentals. Furniture can be purchased separately, making this the perfect turnkey option for buyers seeking a modern lake-area retreat or a fully furnished Airbnb.

Features

3 bedrooms

3 bathrooms

2 carspaces

2 garage spaces

2443 sq. ft. floor area

8973.36 sq. ft. lot size

Single-Family

Estimated Value

Based on this property and similar 3 bedroom single-family properties sold in Austin over the last 12 months, the estimated median property value of 2302 Rain Water Dr is $675k.

Median value

$675k

Estimated value range

$1 - $1.57m

Median days on market

Estimated value trend

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Austin. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.