Active Listing  ·  53 days on market

1128 Walton Ln #2

Austin, TX 78721
$549,900
3 Bed 3 Bath 1,097 sqft $501/sqft Built 2018 0.24 acres Pool Annie Cunninghams

Welcome to Walton Lane! Tucked away on a quiet cul-de-sac in the heart of East Austin, this home offers a rare mix of privacy, natural light, and easy access to everything that makes the East Side so desirable.

Inside, you’ll immediately notice an abundance of windows that fill the home with natural light and frame views of the surrounding greenery. The open-concept layout is both functional and inviting, with a spacious kitchen that flows into the living area—perfect for entertaining or everyday living.

The kitchen features generous pantry storage, stainless steel appliances, a high-end Bertazzoni range, built-in microwave, and refrigerator that conveys. The primary suite is on the main level and offers a peaceful retreat with direct access to the backyard. Upstairs, two additional bedrooms and a full bath provide flexibility for guests, a home office, or extra living space.

Step outside to a standout backyard with a deck, irrigation system, and outdoor storage—ideal for pets, gatherings, or relaxing under the trees.

Just minutes to parks, the Govalle pool, miles of hike-and-bike trails, Springdale General, coffee shops, breweries, fitness studios, farmers markets, and favorite East Austin restaurants, with downtown and the airport just a short drive away.

At $501/sqft, this home is priced 28% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1128 Walton Ln #2, Austin, TX 78721

Property Details

Price $549,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,097 sqft
Lot Size 0.24 acres (10,672.2 sqft)
Year Built 2018
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Annie Cunninghams
County Travis
Zip Code 78721
$/sqft $501/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236002389
List Date June 12, 2026
Elementary School Govalle
Middle School Martin
High School Eastside 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.

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 · June 12, 2026 $599,900
Current ask $549,900
Reduced $50,000 (-8.3%) 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
908 Nueces St #18
Celia's Court
$549,900 $478 2 bd / 2 ba 1,150 sqft , 2025-12-12
2811 Garwood St #A
Chernosky 11
$549,990 $415 3 bd / 3 ba 1,325 sqft , 2026-07-25
1117 Lawson Ln #2
Rosewood Village Sec 11
$549,995 $506 2 bd / 2 ba 1,086 sqft , 2025-06-06
800 Embassy Dr #337
Tyndall at Robertson Hill Condominiums
$550,000 $409 2 bd / 2 ba 1,344 sqft , 2025-09-11
1701 Simond Ave #304
Parkside/Mueller Condos
$550,000 $473 2 bd / 2 ba 1,162 sqft , 2026-04-23

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
$2,640/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
$109,980
20% conventional investment loan

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

Estimated Gross Rent+$2,640
Principal + Interest−$3,001
Property Tax (~2.1% TX avg)−$962
Insurance (~0.5%)−$229
Est. Monthly Cash Flow $-1,552

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →