Active Listing  ·  16 days on market

11228 Terrace Meadow Way

Manor, TX 78653
$525,000
4 Bed 3 Bath 3,313 sqft $158/sqft Built 2007 0.26 acres 2-Car Garage Pool Shadowglen Ph 01 Sec 01 B

Original-owner golf course home in the highly sought-after ShadowGlen community! Meticulously maintained and move-in ready, this thoughtfully upgraded home is perfectly situated on a premium golf course lot overlooking Hole #3. Enjoy beautiful golf course views from the covered brick-paver patio—the perfect place to enjoy your morning coffee, entertain family and friends, or unwind after a long day.

Designed with entertaining in mind, the home's flexible floor plan offers elegant living spaces filled with excellent natural light. Features include a main-level primary suite, crown molding throughout, a formal dining room, an oversized kitchen with abundant cabinetry, an extra-large walk-in pantry, convenient butler's pantry, game room, media room, and whole-home audio wiring. Every detail was thoughtfully selected to create a home that is both functional and inviting.

Enjoy the convenience of being within walking distance of ShadowGlen's outstanding amenities, including the championship golf course, resort-style pool, parks, scenic walking trails, fitness center, and amenity center. Ideally located just 20–25 minutes from Downtown Austin, Samsung Taylor, Tesla Gigafactory Texas, Austin-Bergstrom International Airport, and Circuit of The Americas (COTA).

At $158/sqft, this home is 24% below the Manor active market average of $207/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

11228 Terrace Meadow Way, Manor, TX 78653

Property Details

Price $525,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 3,313 sqft
Lot Size 0.26 acres (11,138.29 sqft)
Year Built 2007
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Shadowglen Ph 01 Sec 01 B
County Travis
Zip Code 78653
$/sqft $158/sqft
Days on Market ,
HOA $240/Quarterly
Annual Tax Est. $11,556.6
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241462683
List Date August 6, 2026
Elementary School ShadowGlen
Middle School Manor (Manor ISD)
High School Manor
School District ,

Luke Allen (TREC #788149) has deep knowledge of Manor 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 Manor

Comparable Listings Right Now

Homes currently for sale in Manor 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
13801 Calera Cv
Shadowglen Ph 1 Sec 1A,2A
$525,000 $173 5 bd / 4 ba 3,042 sqft , 2026-08-13
18012 Clairess Ln
ShadowGlen
$505,000 $190 4 bd / 3 ba 2,651 sqft , 2026-05-22
14404 Kira Ln
SHADOWGLEN
$499,990 $184 4 bd / 3 ba 2,722 sqft , 2026-05-23
16712 Rakesh Way
ShadowGlen
$499,900 $200 3 bd / 3 ba 2,504 sqft , 2026-03-26
17817 Clairess Ln
Shadowglen Ph 2 Sec 23A
$499,900 $225 4 bd / 3 ba 2,224 sqft , 2026-07-23

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
$2,520/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
$105,000
20% conventional investment loan

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

Estimated Gross Rent+$2,520
Principal + Interest−$2,865
Property Tax (~2.1% TX avg)−$919
Insurance (~0.5%)−$219
Est. Monthly Cash Flow $-1,483

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 Manor, TX

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

Tesla Gigafactory 15 min W
Samsung Austin Semiconductor 20 min NW
Austin-Bergstrom Airport 20 min SW

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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 August 7, 2026.

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