Active Listing  ·  63 days on market

1160 Lott Ave #A

Austin, TX 78721
$559,000
3 Bed 3 Bath 1,709 sqft $327/sqft Built 2017 0.09 acres 1-Car Garage Pool Masonfield

Built in 2017, this meticulously maintained home offers three bedrooms, two-and-a-half baths, a new roof, custom blinds and fresh interior paint, making it move-in ready and turn key for the next owner. A private fenced yard and deck provide inviting outdoor living with an easy lock-and-leave lifestyle. Additional features include a one-car garage and a second dedicated parking space. Ideally located in the heart of East MLK, the residence is just minutes from Mueller and approximately 15 minutes to Downtown, with easy access to the restaurants, coffee shops, breweries, and entertainment along the vibrant East 12th Street corridor, all while tucked away on a quiet residential street.

At $327/sqft, this home is 16% 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

1160 Lott Ave #A, Austin, TX 78721

Property Details

Price $559,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,709 sqft
Lot Size 0.09 acres (4,112.06 sqft)
Year Built 2017
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Masonfield
County Travis
Zip Code 78721
$/sqft $327/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $12,527.33
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246354971
List Date September 10, 2026
Elementary School Sims
Middle School Garcia
High School Northeast Early College
School District Austin ISD

Austin ISD

Sims · Garcia · Northeast Early College

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 · September 10, 2026 $575,000
Current ask $559,000
▼ Reduced $16,000 (-2.8%) 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
4805 Louis Ave
Eastfield
$565,000 $343 4 bd / 2 ba 1,648 sqft , 2026-03-20
5912 Harold Ct #107
Kimbrough & Lisa Gray Add (Townhouse/Common)
$549,610 $304 3 bd / 4 ba 1,806 sqft , 2026-06-05
1800 WEBBERVILLE Rd #B
Flournoys Eastern Hills
$574,990 $341 3 bd / 3 ba 1,685 sqft , 2026-05-14
1114 Richardine Ave
Brooksdale
$575,000 $343 3 bd / 2 ba 1,677 sqft , 2026-03-07
1141 Berger St #A
1141 Berger Condos
$539,500 $328 4 bd / 2 ba 1,644 sqft , 2026-03-20

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
$2,683/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
$111,800
20% conventional investment loan

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

Estimated Gross Rent+$2,683
Principal + Interest−$3,051
Property Tax (assumed ~2.1%)−$978
Insurance (assumed ~0.5%)−$233
Est. Monthly Cash Flow $-1,579

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 · 41 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. The written content was last updated on October 17, 2026.

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

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