Active Listing  ·  10 days on market

1005 Legend Milton Ln None

Austin, TX 78748
$499,900
4 Bed 3 Bath 2,253 sqft $222/sqft Built 2023 0.08 acres 2-Car Garage Pool Messinger Village

The structure at 1005 Legend Milton Ln features a two-story design that offers 2260.0 square feet of living area on a 0.14-acre lot. This South Austin property provides a set-up with four bedrooms and two full bathrooms, establishing a spacious layout for daily routines.

Inside the residence, the floor plan presents designated areas for relaxing, entertaining, and everyday living. The two stories of interior space are designed to support a variety of household activities and configurations.

The exterior features a lot measuring 6225.0 square feet in size. Located in Austin, the property sits within convenient reach of nearby shopping, dining, entertainment, and major roadways.

Schedule a time to visit this South Austin home and explore its features in person.

At $222/sqft, this home is 43% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1005 Legend Milton Ln None, Austin, TX 78748

Property Details

Price $499,900
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,253 sqft
Lot Size 0.08 acres (3,484.8 sqft)
Year Built 2023
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Messinger Village
County Travis
Zip Code 78748
$/sqft $222/sqft
Days on Market ,
HOA $140/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT247579540
List Date September 28, 2026
Elementary School Casey
Middle School Paredes
High School Akins
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · September 28, 2026 $550,000
Previous ask $537,000
Current ask $499,900
▼ Reduced $50,100 (-9.1%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
9906 Willers Way
Tanglewood Forest Sec 02 Ph A
$499,900 $276 3 bd / 2 ba 1,813 sqft , 2026-06-30
8909 Texas Sun Dr
Texas Oaks
$499,000 $307 3 bd / 2 ba 1,627 sqft , 2026-09-22
9601 Dawn Pearl Dr #21
Messinger Village
$510,000 $200 4 bd / 4 ba 2,545 sqft , 2026-07-01
329 Island Oak Dr
Oak At Twin Creeks Sec 02 The
$480,000 $190 4 bd / 3 ba 2,526 sqft , 2026-05-29
817 Sand Hill Branch Dr
Brentwood Villas Condominiums
$479,900 $232 3 bd / 3 ba 2,068 sqft , 2026-08-13

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$2,400/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$99,980
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$2,400
Principal + Interest−$2,728
Property Tax (~2.1% TX avg)−$875
Insurance (~0.5%)−$208
Est. Monthly Cash Flow $-1,411

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on October 7, 2026.

📞 (254) 718-2567 [email protected] More about Luke →