Active Listing  ·  329 days on market

1012 Legend Milton Ln

Austin, TX 78748
$519,995
4 Bed 4 Bath 2,528 sqft $206/sqft Built 2023 0.08 acres 2-Car Garage Pool Messinger Village

Call listing agent - 3 hour notice. Welcome to Messinger! This South Austin gem has been lightly lived in and is ready to move-in. The open floor plan has ample natural light and great space to entertain inside to outside on the main floor. The primary suite is located on the main floor with a walk in closet, dual vanities and a walk in shower. Upstairs is a large loft with plenty of space to serve any purpose - extra living room, home office or media room. Three additional bedrooms upstairs - one with an en suite bathroom. Fully fenced backyard with a covered patio right off the kitchen and wonderful for easy entertaining. Located minutes from shopping, dining and entertainment. 30 minutes to ABIA and downtown. Come see what South Austin has to offer!

At $206/sqft, this home is 47% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1012 Legend Milton Ln, Austin, TX 78748

Property Details

Price $519,995
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,528 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 $206/sqft
Days on Market ,
HOA $150/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT206489226
List Date September 9, 2025
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 →

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
3011 Wadsworth Way
Tanglewood Forest Sec 04 Ph C
$519,999 $236 3 bd / 3 ba 2,201 sqft , 2026-03-26
13311 Briar Hollow Dr
Forest North Estates Ph 3
$520,000 $239 3 bd / 3 ba 2,180 sqft , 2026-07-23
1712 Lynnville Trl
Scofield Farms Ph 10 Sec 02
$520,000 $218 4 bd / 3 ba 2,387 sqft , 2026-07-27
2400 Braemar Cv
Onion Creek Sec 05-A
$519,900 $261 3 bd / 2 ba 1,995 sqft , 2026-01-30
8111 Peerless Pass
Easton Park
$519,900 $220 3 bd / 3 ba 2,362 sqft , 2026-05-30

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
$2,496/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
$103,999
20% conventional investment loan

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

Estimated Gross Rent+$2,496
Principal + Interest−$2,838
Property Tax (~2.1% TX avg)−$910
Insurance (~0.5%)−$217
Est. Monthly Cash Flow $-1,469

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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