See Home Value
$635,000
● House - Off Market

2302 Rain Water DR

Austin, TX 78734
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,443 Ft²
$3,936
Est. Monthly
$35
HOA / Fees

About This Property

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.
Unit Size
2,443 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$260
Property Type
House
Property Taxes
$782
HOA Dues
$35
Year Built
2016

Payment Calculator

Cap Rate Calculator

Last updated: 9 months ago (Unlock MLS #ACT7947792)

Price History

Date / Event Date Event Price
Jan 10, 2026 In contract -
In contract
Dec 16, 2025 Price Decreased $635,000
↓ $5K (0.8%)
Price Decreased
Nov 28, 2025 Price Decreased $640,000
↓ $10K (1.5%)
Price Decreased
Oct 31, 2025 Listed by Epique Realty LLC $650,000
Listed by Epique Realty LLC
Jul 29, 2017 Listed $480,000
Listed
Large, spacious modern home with 3 beds plus office. This home is perfect for someone who works from home with a private office that can be designed to receive clients through a courtyard entrance. Contemporary finishes throughout with sleek design and loads of windows and light. Lots of outdoor living with front courtyard and amazing back deck... it feels like you are in the trees! Must See! The manager has listed the unit size as 2443 square feet.

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 2
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 484
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,988
  • Total Building Area: 2,248
  • Gross Building Area: 2,248
  • Building Area: 2,248
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,248
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: APACHE SHORES SEC 2
  • Land Acres: 0000000206
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: LOT 949 APACHE SHORES SEC 2

Neighborhood

  • School District Name: Lake Travis Independent School District
  • School Tax School District: LAKE TRAVIS ISD
  • Census Tract: 031500

Geography

  • Assessors Map Reference: 0145580606
  • Account Number: 146937
  • Parcel: 146937
  • Lot: 949
  • Municipality: UNINCORPORATED COUNTY
  • Latitude: 30.3768
  • Longitude: -97.9238

    Address

  • Full Address: 2302 Rain Water Dr
  • Address - House Number: 2302
  • Address - Street Name: Rain Water
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Austin
  • Carrier Code: R010
  • 4-Digit Zip Code: 2921
  • Zip Code: 78734

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $873,654
  • Tax Rate Code Area: 52

    Appraisal Valuation

  • Standard Deviation: 0.2539
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 64
  • Final Value: 839,791
  • High Value: 1,053,030
  • Low Value: 626,553

    Market Valuation

  • Market Total Value: $874,173
  • Market Land Value: $100,000
  • Market Improvement Value: $774,173

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $729,792

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 02, 2018
  • Current Sale Recording Date: Jan 04, 2018
  • Current Sale Price:
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2018001632
  • Previous Sale Recording Date: Dec 16, 2016
  • Previous Sale Contract Date: Dec 16, 2016
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Apache Shores


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 12610 Mcnelly Trl, Austin, TX, 78732

$2,895 /mo

  • 5 Beds
  • 2 Baths
  • 2,200 ft²
12610 Mcnelly Trl, Austin, TX, 78732 Listing by Michael Hall
Unit for rent at 2217 Westfalian Trl, Austin, TX, 78732

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 2,100 ft²
2217 Westfalian Trl, Austin, TX, 78732 Listing by Derrick Gonzales
Unit for rent at 14541 Hunters Pass, Austin, TX, 78734

$2,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,205 ft²
14541 Hunters Pass, Austin, TX, 78734 Listing by Simone Gonzalez


Frequently Asked Questions

When was property at 2302 Rain Water Drive built and last sold?
The property at 2302 Rain Water Drive was built in 2016 and last sold on Jan 2, 2018 for $564,100.
How much is this home worth?
The estimated value of the home located at 2302 Rain Water Drive is $0.
What are some comparable homes to 2302 Rain Water Drive?
There are currently no comparable homes to 2302 Rain Water Drive.