Active Listing  ·  29 days on market

11342 Canterbury Tales Ln

Austin, TX 78748
$354,000
3 Bed 3 Bath 1,649 sqft $215/sqft Built 1999 0.14 acres 2-Car Garage Pool Canterbury Trails Sec 04

Beautiful two-story home with striking three sided limestone exterior in a well established neighborhood. Recent updates completed in July 2026 include fresh interior paint throughout, new carpet, updated bathroom lighting, and added recessed lighting in the kitchen. The expanded space off the kitchen sets this home apart, offering the flexibility of a formal dining area or a second living space. The spacious, open-concept kitchen features a large center island, perfect for entertaining and everyday living. The generous primary suite includes a private bath with a soaking tub and a separate shower. Step outside to a covered patio with flagstone flooring overlooking a beautifully landscaped backyard with mature trees and greenery. Neighborhood amenities include playground, park, and walking trails. Ideally located just minutes from downtown, this home offers the perfect blend of comfort, style, and convenience.

At $215/sqft, this home is 45% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

11342 Canterbury Tales Ln, Austin, TX 78748

Property Details

Price $354,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,649 sqft
Lot Size 0.14 acres (5,959.01 sqft)
Year Built 1999
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Canterbury Trails Sec 04
County Travis
Zip Code 78748
$/sqft $215/sqft
Days on Market ,
HOA $214/Annually
Annual Tax Est. $5,905.09
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240113485
List Date July 16, 2026
Elementary School Menchaca
Middle School Bailey
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.

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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 · July 16, 2026 $364,000
Previous ask $359,500
Current ask $354,000
Reduced $10,000 (-2.7%) 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
1404 Sir Thopas Trl
Canterbury Trails Sec 05
$355,000 $279 3 bd / 2 ba 1,271 sqft , 2026-04-10
11409 Robert Wooding Dr
Chappell Hill
$349,990 $204 4 bd / 3 ba 1,718 sqft , 2026-07-25
11515 Easy St
Mooreland Add
$349,000 $260 3 bd / 2 ba 1,340 sqft , 2026-08-13
1701 McClannahan Dr
Rancho Alto Ph 01
$359,900 $234 3 bd / 2 ba 1,541 sqft , 2026-07-14
11917 Buzz Schneider Ln
Rancho Alto Ph 01
$360,000 $234 3 bd / 2 ba 1,538 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
$1,699/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
$70,800
20% conventional investment loan

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

Estimated Gross Rent+$1,699
Principal + Interest−$1,932
Property Tax (~2.1% TX avg)−$620
Insurance (~0.5%)−$148
Est. Monthly Cash Flow $-1,001

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 August 13, 2026.

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