Active Listing  ·  38 days on market

1106 S Meadows Dr SW #2

Austin, TX 78758
$490,000
4 Bed 3 Bath 1,703 sqft $288/sqft Built 2024 0.11 acres 3-Car Garage Pool New Construction 1106 South Mdws Drive Condos B

Rare dual-unit opportunity in North Austin — minutes from The Domain and Q2 Stadium. This newly constructed property delivers two fully separate living spaces on one lot. The main house offers a 3-bedroom, 2-bath layout with an attached single-car garage, a private fenced backyard, and an upstairs balcony built for Texas sunsets. The detached accessory unit adds a 2-car garage, dedicated office, a full bedroom, and a full bath — ready for guests, extended family, or short-term rental income. Combined, the property offers 4 bedrooms, 3 bathrooms, and garage parking for three vehicles across both structures, with genuine STR flexibility: live in one unit and rent the other, or operate both as a rental for scalable income in one of Austin's highest-demand corridors.

At $288/sqft, this home is 26% 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

1106 S Meadows Dr SW #2, Austin, TX 78758

Property Details

Price $490,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 1,703 sqft
Lot Size 0.11 acres (4,591.22 sqft)
Year Built 2024
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision 1106 South Mdws Drive Condos B
County Travis
Zip Code 78758
$/sqft $288/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,844.51
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT239000831
List Date July 7, 2026
Elementary School Cook
Middle School Burnet (Austin ISD)
High School Navarro Early College
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.

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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
10606 Barnhill Dr
Village At Quail Creek
$495,000 $388 3 bd / 2 ba 1,277 sqft , 2026-07-03
9803 Chukar Cir
Quail Creek West Ph 02 Sec 08
$499,000 $307 4 bd / 2 ba 1,626 sqft , 2026-08-06
911 Cripple Creek Dr
Quail Creek Ph 04 Sec 02
$499,500 $336 3 bd / 2 ba 1,485 sqft , 2026-06-25
1102 Inland Grn
Quail Creek Sec 01
$499,990 $306 3 bd / 2 ba 1,632 sqft , 2026-08-14
1007 Quail Park Dr
Quail Creek Sec 04
$475,000 $274 4 bd / 2 ba 1,734 sqft , 2026-04-09

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
$2,352/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
$98,000
20% conventional investment loan

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

Estimated Gross Rent+$2,352
Principal + Interest−$2,674
Property Tax (~2.1% TX avg)−$858
Insurance (~0.5%)−$204
Est. Monthly Cash Flow $-1,384

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 July 8, 2026.

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